BasedLine
Date: 25-Apr-2011
KSE-100 Index
Previous Index 11,923.59
Current Index
11,954.37
Change % 0.26%
YTD (CY11) -0.57%
YTD (FY11) 22.96%
KSE-100 Index
Previous Index 20,212.37
Current Index 20,270.59
Change % 0.29%
YTD (CY11) 7.80%
YTD (FY11) 38.64%
International Indicators
 
Close
%age
BSE-30 19,602.23 0.67
HANGSENG 24,138.30 1.00
NIKKEI 225 9,682.21 -0.10
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 6,614.17 0.36
KSE(Kuwait) 6,444.60 0.03
BSE 1,400.89 0.00
MSM 6,346.66 -0.10
ADX 2,712.43 0.05
DFM 1,665.17 1.00
QSE 8,498.64 1.72
Capital Market Overview

All eyes on foreigners

If foreigners do not opt for selling and companies announces good corporate results the market is expected to sustain current levels this week. more... (FD)

NAVs and Returns
as of Apr 22, 2011
Funds Offer Redemption
POAIIF
51.8080/-
51.2899/-
YTD Return
8.77%
POIAAF
64.07/-
62.47/-
YTD Return
18.38%
POAAAF
59.39/-
57.91/-
YTD Return
15.24%
POAF
10.81/-
YTD Return
8.24%
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
34.93
2,943
49.90
3.16
-0.57%
KSE30
6.91
582
42.49
3.03
0.17%
KMI30
5.21
439
35.12
2.54
6.29%
KSE All
37.73
3,179
66.96
3.31
-0.44%
Apr 22, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.28
109.54
-1.60%
OGDC
15.99
138.69
134.73
-30.10%
UBL
2.00
63.85
42.13
-1.60%
LUCK
1.70
72.98
35.81
-1.60%
Apr 22, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
35.138
(110.96)
(75.83)
Foreign Corporates
983.19
(806.51)
(176.61)
Overseas Paksitani
380.21
(337.28)
(42.93)
Grand Total
1,398.47
(1,254.75)
143.71
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
21-Apr-11
22-Apr-11
Change
Gross Buy
311.78
69.95%
48.89
-19.24%
8.32
1.39
-83.29%
Gross Sell
-244.59
2.55%
-45.05
-37.83%
-1.88
-1.26
-32.97%
Net Buy/(Sell)
67.19
-67.57%
3.84
-134.39%
6.44
0.14
97.82%
S.C.R.A
Country
During the Year July 10 to Date
22-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
40.84
0.10
-
36.22
-
-
6.72
0.42
-
0.42
Luxembourg
63.49
-
-
56.56
-
-
56.56
-
0.16
-0.16
Switzerland
35.56
-
-
13.16
-
-
13.84
-
0.37
-0.37
UAE
5.30
-
-
7.34
-
0.40
7.75
-
-
-
UK
139.32
192.14
-
121.42
202.63
2.85
334.89
-
-
-
USA
388.60
-
24.61
216.07
-
17.12
238.83
0.62
1.85
-1.23
Total
701.81
192.24
34.42
479.06
202.63
21.54
708.27
4.02
4.40
-0.39
News Clippings
Economy

Electricity shortfall shoots to 6,000mw

Electricity shortfall hit a new peak of 6,000 mw on Sunday, plunging the country into 10 to 15 hours of outages as the country braved the hottest day. more... (BR)

FBR likely to raise salaried sector tax rate to 25 percent

The Federal Board of Revenue (FBR) is contemplating to increase the maximum tax rate of salaried persons from 20 percent to 25 percent in the budget for 2011-12. more... (BR)

9M services trade deficit drops 37pc

Pakistan services sector deficit fell 36.6 per cent to $1.23 billion in the first nine month of fiscal year 2011 compared with $1.94 billion in 9MFY10 according to State Bank of Pakistan (SBP). more... (TFD)

Profit repatriation rises 6.5pc in 9M

The repatriation of profits by foreign companies and investors from the country has witnessed an increase of 6.5 per cent during the first nine months (Jul-Mar) of the current financial year, according to State Bank of Pakistan. more... (TFD)

 

 
Company & Sector Update

Energy sector's stakeholders: President convenes meeting today

President Asif Ali Zardari has convened a meeting on Monday (today) of energy sector's stakeholders to evolve a strategy in order to overcome power shortage, reportedly surged to 6,000 megawatts (MW), in the country. more... (BR)

PSO shows commitment to maintain smooth fuel supply

The public sector entity-Pakistan State Oil(PSO) is taking pains to ensure smooth fuel supply in the face of its staggering receivables of about Rs 182 billion. more... (D)

India to export petroleum products to Pakistan: report

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... (D)

 

 
Political

PTI sit-in: NATO supplies resume after two-day blockade

NATO can resume supplying its troops in Afghanistan through a key Pakistani route on Monday after protesters against US drone strikes lifted a blockade, an official said. more... (ET)

MQM opposes division of Sindh

Muttahida Qaumi Movement (MQM) Rabita Committee member Qasim Ali Raza has said that his party believes in cohesion of Sindh province and will not accept its division at any cost. He rejected the statement of Punjab Chief Minister Shahbaz Sharif, aired by various private TV channels, about the formation of a new province in Sindh, said a statement issued here on Sunday. more... (BR)

CJ tries to dispel misgivings about judiciary

In what appeared to be an attempt to dispel a perception in some circles that the judiciary always acts against measures taken by the executive, Chief Justice Iftikhar Mohammad Chaudhry said on Sunday that the Constitution required the institution to regulate the state machinery. more... (D)

 

 
GCC

Kuwait: Five banks post KD 117.5 mln in 1qtr profits - report

Five banks registered with Kuwait Stock Exchange (KSE) have unveiled their financial results for the first quarter of 2011; having earned net profits of KD 117.5 million compared to KD 99.9 million in the corresponding period in 2010, according to a recent report. more... (Zawya)


Markets Seen Supported By Global Strength, Oil

Gulf stocks are seen drawing strength from an earnings inspired global equities rally late last week, as well as crude oil's push towards $120 a barrel. more... (Zawya)

UAE March inflation down on cheaper food, transport

The rate of annual inflation in the United Arab Emirates edged lower to 1.2 per cent in March following a drop in food and transport costs, official data showed yesterday. more... (Gulf News)


 

Quote of the Day:

"Your most unhappy customers are your greatest source of learning" - Bill Gates

 

 
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
21-APR-11
22-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.0833
-0.31%
9.35%
9.43%
7.70
     
21-APR-11
22-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
869.03
868.21
-0.82

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.73
13.16
13.46
13.69
Offer
13.23
13.41
13.71
14.19

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
12.95
13.10
13.30
13.45
13.45
Low  
11.10
12.80
12.95
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.35
122.71
1.030
139.18
22.95
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
1.11
3.22
3.28
3.43
5.43
8.09
12.90
13.80
Change bps
-0.60
0.00
0.00
0.00
-4.00
0.00
0.00
0.00

Commodities

     
21-APR-11
22-APR-11
change
WTI (USD/bbl)    
112.29
112.65
0.32%
     
Brent (USD/bbl)    
123.84
124.26
0.34%
     
Arab Light (USD/bbl)    
118.74
118.93
0.16%

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
40,842.00
40,714.00
0.31%
Rice IRRI -6(Rs/100kg)
3,349.00
3,351.00
-0.06%
KCA Cotton (Rs/mound)
11,500.00
11,000.00
4.54%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,517.30
1,506.25
0.73%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
750.05
747.36
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.