BasedLine
Date: 22-Apr-2011
KSE-100 Index
Previous Index 11,745.06
Current Index
11,923.59
Change % 1.52%
YTD (CY11) -0.82%
YTD (FY11) 22.65%
KSE-100 Index
Previous Index 20,029.02
Current Index 20,212.37
Change % 0.92%
YTD (CY11) 7.49%
YTD (FY11) 38.24%
International Indicators
 
Close
%age
BSE-30 19,602.23 0.67
HANGSENG 24,138.30 1.00
NIKKEI 225 9,685.77 0.80
FTSE 6,018.30 -0.07
DJIA 12,505.99 0.42
SSEC 3,026.67 0.65
NASDAQ 2,820.16 0.63
 
Close
%age
TASI 6,574.66 0.76
KSE(Kuwait) 6,442.50 0.11
BSE 1,400.83 -0.04
MSM 6,353.31 -0.17
ADX 2,711.15 0.09
DFM 1,681.93 0.06
QSE 8,647.73 0.23
Capital Market Overview

Offshore investors drive KSE

Heavy foreign interest and buying in the oil giant OGDC following rising international oil prices kept Karachi Stock Exchange under the bullish regime on Thursday as it gained more than 1.5 per cent to end above 11,900 points. more... (FD)

NAVs and Returns
as of Apr 21, 2011
Funds Offer Redemption
POAIIF
51.7940/-
51.2761/-
YTD Return
8.76%
POIAAF
63.87/-
62.27/-
YTD Return
18.00%
POAAAF
59.29/-
57.81/-
YTD Return
15.04%
POAF
10.81/-
YTD Return
8.23%
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
34.82
2,937
58.54
4.65
-0.82%
KSE30
6.88
581
49.74
4.50
-0.07%
KMI30
5.18
437
36.24
3.65
7.49%
KSE All
37.61
3,172
71.12
4.78
-0.68%
Apr 21, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.33
109.63
-10.47%
OGDC
14.64
138.16
123.47
-18.01%
UBL
2.00
64.07
42.17
-6.10%
LUCK
1.70
72.17
35.84
-4.78%
Apr 21, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
20.85
(32.99)
(12.14)
Foreign Corporates
7,805.95
(1,463.15)
(6,342.80)
Overseas Paksitani
348.38
(354.29)
(5.91)
Grand Total
8,175.17
(1,850.42)
6,324.75
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-Apr-11
21-Apr-11
Change
Gross Buy
310.32
70.41%
47.46
-19.25%
2.38
8.32
249.58%
Gross Sell
-243.28
4.88%
-43.77
-37.21%
-4.49
-1.88
58.13%
Net Buy/(Sell)
67.04
-67.89%
3.69
-133.80%
-2.11
6.44
405.21%
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

US dollar hits 3-year low, gold on hot streak

The US dollar tumbled to a three-year low against major currencies on Thursday and gold prices surged to a record high as investors flocked to investments that are less reliant on the US economy. more... (BR)

Forex reserves improves to $ 17.376bn

Pakistan's liquid foreign reserves increased by $ 58.8 million to $ 17.3761 billion on April 16, at the back of rising home remittances and exports receipts. more... (BR)

FBR fails to recover Rs29b

The Federal Board of Revenue (FBR) has failed to recover almost Rs29 billion from various banks and public-listed companies, which deducted the amount from clients but did not deposit it in the kitty – exposing involvement of official agencies. more... (ET)

 

 
Company & Sector Update

Petroleum prices to further jump-up

Petroleum products' prices in Pakistan are likely to further go up by Rs. 4-10 per liter in the next few months. more... (FD)

SMEDA establishes projects worth Rs.2,818 million

The Small and Medium Enterprises Development Authority (SMEDA) has implemented as many as 28 projects worth Rs.2,818.167 million during past three years to facilitate and promote small and medium entrepreneurship in the country. more... (BR)

Faysal Bank's profits down

The profit after tax of Faysal Bank Ltd has declined to Rs 241.258 million for the first quarter ending March 31, 2011 compared to Rs 1.685 billion same period last year. more... (BR)

 

 
Political

Naeem Malik becomes addl secy MoP

Petroleum Ministry dispels an impression existing in a section of the press that Naeem Malik, Managing Director OGDCL is being removed for inefficiency. more... (FD)

Shaikh talks to top US traders

Finance Minister Dr Abdul Hafeez Shaikh met with top American corporate leaders and investors and invited them to avail tremendous business opportunities that a host of economic sectors offer in Pakistan. more... (FD)

Khi to go CNG-less from Fri for 36 hrs

All CNG stations in Karachi and interior Sind will close down their operations from midnight of Friday, 22nd April/ Saturday, 23rd April till noon on Sunday, 24th April. more... (FD)

 

 
GCC

Iran says oil production hike will not cool prices

Oil prices are likely to stay high and adding more crude to the market will not cool them, Iran said yesterday, striking a typically bullish stance a day after other members of the Organisation of Petroleum Exporting Countries (Opec) said costly fuel could slow global growth. more... (Gulf News)

Oman push helps boost Comex expo growth

The government push for e-governance and recent entry of new players in the telecommunications field has spurred the growth for the annual IT and technology exhibition, Comex, in Muscat. more... (Gulf News)

GCC electricity grid likely to save Dh18.4b in costs

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the second phase of the GCC Grid Interconnection Project, which could save up to Dh18.4 billion in electricity costs for participating countries. more... (Gulf News)


 

Quote of the Day:

"The most important single central fact about a free market is that no exchange takes place unless both parties benefit." -Milton Friedman

 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.81mn
US$ Reserves (Apr 16, 2011)
$17.38 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
20-APR-11
21-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.3666
-0.04%
9.34%
9.35%
1.00
     
20-APR-11
21-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
875.00
869.03
-5.98

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.88
13.21
13.50
13.71
Offer
13.38
13.46
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
84.39
122.45
1.0197
138.03
22.97
1.66
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.15
13.48
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
1.13
3.22
3.28
3.43
5.47
8.09
12.90
13.80
Change bps
0.10
-4.60
-1.10
-5.00
-0.90
-0.10
9.10
0.00

Commodities

     
20-APR-11
21-APR-11
change
WTI (USD/bbl)    
111.90
112.29
0.35%
     
Brent (USD/bbl)    
123.11
123.84
0.59%
     
Arab Light (USD/bbl)    
119.00
118.74
-0.22%

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
40,714.00
40,542.00
0.42%
Rice IRRI -6(Rs/100kg)
3,349.00
3,351.00
-0.06%
KCA Cotton (Rs/mound)
11,000.00
11,350.00
-3.08%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,506.25
1,502.55
0.25%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
747.36
744.12
0.44%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,420.00
1,430.00
-0.70%
Copper (USD/ton)
9,681.50
9,555.25
1.32%

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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.