BasedLine
Date: 21-Apr-2011
KSE-100 Index
Previous Index 11,599.28
Current Index
11,745.06
Change % 1.26%
YTD (CY11) -2.31%
YTD (FY11) 20.81%
KSE-100 Index
Previous Index 19,780.60
Current Index 20,029.02
Change % 1.26%
YTD (CY11) 6.51%
YTD (FY11) 36.99%
International Indicators
 
Close
%age
BSE-30 19,470.98 1.83
HANGSENG 23,896.10 1.60
NIKKEI 225 9,606.82 1.80
FTSE 6,022.26 2.10
DJIA 12,453.54 1.52
SSEC 3,007.04 -1.64
NASDAQ 2,802.51 2.10
 
Close
%age
TASI 6,574.66 0.76
KSE(Kuwait) 6,435.30 0.61
BSE 1,401.44 0.55
MSM 6,364.39 -0.09
ADX 2,708.75 0.19
DFM 1,680.96 1.60
QSE 8,628.28 -0.06
Capital Market Overview

KSE 100-share Index surges by 145 points

Share prices at Karachi Stock Exchange (KSE) ended more than 1.2 percent higher on Wednesday as investors bought fertiliser and energy shares buoyed by healthy corporate results, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index rose 1.26 percent, or 145.78 points, to end at 11,745.06. more... (N)

NAVs and Returns
as of Apr 20, 2011
Funds Offer Redemption
POAIIF
51.7776/-
51.2598/-
YTD Return
8.75%
POIAAF
63.67/-
62.08/-
YTD Return
17.64%
POAAAF
59.06/-
57.58/-
YTD Return
14.59%
POAF
10.81/-
YTD Return
8.21%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Mar-11 Feb-11
MoM(%)
AUM's (PKR bn) 198.13 203.77 -2.76%
No of AMCs 28 28 -
No of Funds 112 112 -
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
34.25
2,893
58.12
3.90
-2.31%
KSE30
6.80
574
50.75
3.75
-1.24%
KMI30
5.13
433
38.76
3.12
6.51%
KSE All
37.04
3,128
72.96
4.03
-2.06%
Apr 20, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
200.53
109.63
-11.27%
OGDC
13.91
131.85
117.31
-21.76%
UBL
2.00
64.23
42.17
-5.86%
LUCK
1.70
70.57
35.84
-6.89%
Apr 20, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.10
(101.62)
(89.52)
Foreign Corporates
2,123.22
(4,106.90)
(1,983.67)
Overseas Paksitani
204.23
(197.65)
6.59
Grand Total
2,339.55
(4,406.16)
(2,066.61)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
19-Apr-11
20-Apr-11
Change
Gross Buy
302.04
69.23%
39.15
-21.34%
5.73
2.38
-58.46%
Gross Sell
-241.38
4.46%
-41.88
-36.23%
-4.60
-4.48
2.61%
Net Buy/(Sell)
60.66
-70.44%
-2.72
-82.86%
1.13
-2.10
285.84%
S.C.R.A
Country
During the Year July 10 to Date
18-Apr-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
40.43
0.10
-
35.67
-
-
4.86
0.12
0.37
-0.26
Luxembourg
63.33
-
-
51.21
-
-
12.23
0.26
0.14
0.12
Switzerland
35.52
-
-
13.16
-
-
22.32
-
0.002
-0.002
UAE
5.30
-
-
7.34
-
-
-0.49
-
-
-
UK
138.97
192.14
-
121.42
202.63
2.85
1.05
-
0.60
-0.60
USA
381.26
-
24.61
216.07
-
17.12
172.67
0.43
1.20
4.80
Total
686.93
192.24
31.05
462.78
202.63
21.54
221.29
1.09
2.32
4.34
News Clippings
Economy

Asia's wheat demand met by Pakistan

Asia's immediate wheat demand is being met by an ample supply from Pakistan, which is exporting large quantities to make way for the new bumper harvest, Dow Jones quoting trading executives said on Monday. more... (ET)

Oil climbs above $123 on bullish stocks data

Brent and US crude oil futures rallied more than $2 on Wednesday, with Brent over $123 a barrel, helped by a weekly draw in US crude inventories that confounded expectations for a stock build, and by a weaker dollar. more... (BR)

Gold hits record high for second straight day

Gold prices peaked for the second consecutive day on Wednesday, touching Rs40,542 per 10 grams, up by Rs342, as the international bullion market crossed a record $1,500 per ounce. more... (ET)

 

 
Company & Sector Update

MTBs worth Rs215 bln accepted

State Bank of Pakistan (SBP) Wednesday accepted bids worth Rs 215.701 billion for Market Treasury Bills (MTBs) with various tenures. The Central Bank announced here Wednesday that it accepted bids with cut-off yield of 13.25, 13.62, and 13.8 per cent for 3, 5 and 12 months bids. more... (BR)

Gas outages may cause fertiliser shortage

Farmers are set to bear the brunt of gas shortages, as continuous curtailment in supply to factories may result in a shortage of fertiliser by August and price escalation that will adversely affect cash crops. more... (ET)

Electricity tariff : NEPRA allows KESC rise of Rs2.65 per unit

The National Electric Power Regulatory Authority (Nepra) has allowed the Karachi Electric Supply Company (KESC) to increase power tariff by Rs2.65 per unit, under the quarterly and monthly fuel price variation adjustment formula. more... (ET)

 

 
Political

China intends to invest in Thar coal project

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday held a meeting with seven-member Chinese delegation here at the CM House. more... (BR)

India offers cheap power to Pakistan

Federal Commerce Secretary Zafar Mehmood Wednesday said India has offered to sell electricity at cheap rates to Pakistan, however, he added that India's offer will be discussed at the meeting of the commerce secretaries of India and Pakistan to be held in Islamabad during April 27-28. more... (FD)

MQM, JUI can return to federal cabinet: Gilani

Prime Minister Syed Yusuf Raza Gilani here on Tuesday said return of Muttahida Qaumi Movement (MQM) and Jamiat Ulema Islam (JUI) to the federal government cannot be ruled out. more... (BR)

 

 
GCC

QCCI chief meets Chinese delegation
The Head of the Public Relation Department of Qatar Chamber of Commerce and Industry (QCCI), Ali Bu Sharbak received a Chinese delegation led by Yang Biya, Director General of Foreign Business and Economic Cooperation Department located at Fujian Province of China. more... (Zawya)

GCC calls for massive boost in power generation

The six Gulf states must add about 8 gigawatts (GW) of power generation capacity per year to cope with growing demand, Dr Abdullah Al Shehri, CEO of Saudi Arabia's Electricity and Co-generation Regulatory Authority (ECRA), said at the Dubai Global Energy Forum. more... (Gulf News)

Businessmen see red in GCC competition

The private sector has reacted sharply to reports about Qatar preparing to enforce a law that would allow businesses in other GCC states to set up operations here. more... (Zawya)


 

Quote of the Day:

" The challenges of change are always hard. It is important that we begin to unpack those challenges that confront this nation and realize that we each have a role that requires us to change and become more responsible for shaping our own future." -Hillary Rodham Clinton

 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.80mn
US$ Reserves (Apr 09, 2011)
$17.31 bn
Trade Balance (Jul 10- Mar 11)
($11.22bn)
Curr. A/C (Jul 10-Mar11)
$99mn
Remittances (July 10- Mar 11)
$8.02bn
Foreign Investment (Jul 10- Mar 11)
$0.30bn
All Sch. Banks Deposit Base (Apr 01, 2011)
Rs700.40bn
Inflation
CPI Gen. - YoY (Mar-11) 13.16%
   
CPI Gen. - FY11 (Jul- Mar 11) 14.20%
   
NFNE Core INFL - YoY (Mar 11) 9.50%
   
NFNE Core INFL -FY11 (Jul- Mar 11) 9.60%

Money Market

 
Price
Change
19-APR-11
20-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.4
0.03%
9.35%
9.34%
-0.60
     
19-APR-11
20-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
875.00
-

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.92
13.23
13.50
13.71
Offer
13.42
13.48
13.75
14.21

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.10
13.35
13.30
13.45
13.45
Low  
13.00
12.80
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.48
120.70
1.0236
137.74
23.00
1.65
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.27
13.60
13.83
Last Cut Off.
13.25
13.62
13.87
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.29
14.11
10 Y-PIB
13.95
13.80
14.27
14.12

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.12
3.27
3.29
3.48
5.48
8.09
12.81
13.80
Change bps
-1.00
2.60
4.30
2.10
2.60
1.60
0.00
0.00

Commodities

     
19-APR-11
20-APR-11
change
WTI (USD/bbl)    
108.50
111.90
3.13%
     
Brent (USD/bbl)    
120.88
123.11
1.84%
     
Arab Light (USD/bbl)    
116.09
119.00
2.51%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.89
82.22
12.98%
Furnace Oil (Rs/ton)
71,413.29
68,753.88
3.87%
Cement (Rs. Bag Avg)
396.63
385.38
2.92%
Urea Fertilizer (Rs/bag)
1,184.17
1,190.83
-0.56%
Gold 24cr (Rs./10gm) Khi
40,542.00
40,200.00
0.85%
Rice IRRI -6(Rs/100kg)
3,351.00
3,333.00
0.63%
KCA Cotton (Rs/mound)
11,350.00
11,500.00
-1.30%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,502.55
1,496.32
0.42%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
744.12
744.19
-0.01%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,420.00
1,430.00
-0.70%
Copper (USD/ton)
9,555.25
9,317.75
2.55%

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(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.