BasedLine
Date: 26-Apr-2011
KSE-100 Index
Previous Index 11,954.37
Current Index
11,916.02
Change % -0.32%
YTD (CY11) -0.89%
YTD (FY11) 22.57%
KSE-100 Index
Previous Index 20,270.59
Current Index 20,175.14
Change % -0.47%
YTD (CY11) 5.79%
YTD (FY11) 37.99%
International Indicators
 
Close
%age
BSE-30 19,584.31 -0.09
HANGSENG 24,138.30 1.00
NIKKEI 225 9,671.96 -0.11
FTSE 6,018.30 -0.07
DJIA 12,479.90 -0.21
SSEC 3,026.67 0.65
NASDAQ 2,825.88 0.20
 
Close
%age
TASI 6,684.70 1.07
KSE(Kuwait) 6,465.60 0.33
BSE 1,403.15 0.16
MSM 6,325.26 -0.34
ADX 2,690.69 -0.80
DFM 1,638.23 -1.62
QSE 8,458.87 -0.47
Capital Market Overview

Market waiting for investors

We might see some profit taking in the coming days but index is likely to rebound from the support level of 11,840 points. Therefore, from 11,840 we might see a rally in the market which would take the index to 12,500 points. more... (FD)

NAVs and Returns
as of Apr 25, 2011
Funds Offer Redemption
POAIIF
51.8498/-
51.3313/-
YTD Return
8.78%
POIAAF
63.94/-
62.34/-
YTD Return
18.14%
POAAAF
59.25/-
57.77/-
YTD Return
14.97%
POAF
10.82/-
YTD Return
8.27%
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
34.70
2,934
31.74
1.38
-0.89%
KSE30
6.85
580
23.54
1.29
-0.29%
KMI30
5.16
437
16.60
0.97
5.79%
KSE All
37.49
3,169
45.49
1.52
-0.74%
Apr 25, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.93
109.52
-1.28%
OGDC
15.99
139.26
134.71
-29.88%
UBL
2.00
64.07
42.12
-1.28%
LUCK
1.70
72.06
35.80
-1.28%
Apr 25, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.39
(3.06)
3.33
Foreign Corporates
805.67
-
805.64
Overseas Paksitani
264.57
(115.11)
149.45
Grand Total
1,076.64
(118.18)
958.46
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
22-Apr-11
25-Apr-11
Change
Gross Buy
304.89
-30.45%
49.23
-66.27%
1.39
1.07
-23.02%
Gross Sell
-247.77
5.33%
-44.49
-45.16%
-1.26
-0.11
-91.26%
Net Buy/(Sell)
57.12
-71.88%
4.74
-92.69%
0.14
0.96
6.85%
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

‘IMF considers Pakistan economic managers deceitful'

Pakistan's request for a multi-billion-dollar bailout had initially been denied by the International Monetary Fund (IMF) in late 2008, and the loan was only secured after a last-minute intervention by the White House. more... (ET)

FBR chief orders recovery of Rs150bn arrears

Facing an imminent shortfall in revenue collection, chairman, Federal Board of Revenue, on Monday asked top tax officials to work out a mechanism to expedite clearance of around Rs150 billion revenue stuck up in litigation for the past few years, an official source told Dawn. more... (D)

India, Pakistan set to discuss lifting fuel exports

The biggest hurdle for Indian exporters appears to be the preferential price at which Middle East countries sell fuel to Pakistan. more... (D)

IMF sixth tranche linked with RGST

If Pakistan could not get the letter of comfort from IMF, the other countries as well as donor agencies would also cease financial assistance to the country. This was warned by renowned economist and former advisor to International Monetary Fund (IMF) and World Bank, Dr Ahtasham Ahmed while addressing a seminar here on Monday. He termed the prevailing system of general sales tax (GST) of Pakistan, worst ever tax system globally. more... (FD)

 

 
Company & Sector Update

ABL earning surge 41pc

Allied Bank Limited (ABL) announced its financial result for 1QCY11. The profit posted for the period was up by 41.3 per cent to Rs2.51 billion (EPS: Rs .92) as compared to profit of Rs1.77 billion (EPS: Rs2.07) for the corresponding period last year. more... (FD)

FFBL profit up 92.6pc

Fauji Fertilizer Bin Qasim (FFBL) announced its financial results Monday for the first quarter CY11. FFBL profit after taxation surge significantly by 92.6 per cent to Rs1.56 billion (EPS: Rs 1.67) against Rs809 million (EPS: Rs 1.67) for the corresponding period of last year. more... (FD)

ARL refuses to supply oil to PSO on credit

Attock Refinery (ARL) has refused to resume oil supply to Pakistan State Oil (PSO) on credit, Business Recorder has learnt. ARL Chief Executive Officer (CEO) Adil Khatak in a meeting chaired by Secretary, Petroleum, Imtiaz Qazi, on Monday categorically stated that ARL, as private sector entity, could not afford the burden of accumulating receivables on its balance sheet. more... (BR)

 

 
Political

WikiLeaks reveals: ‘US classified ISI as terror affiliate'

Guantanamo detainees confessed to working with the Inter-Services Intelligence (ISI) and the Pakistani military in facilitating al Qaeda and the Taliban, according to leaked US classified documents released by WikiLeaks on Monday. more... (ET)

Coalition politics: PPP, PML-Q closer to formalising alliance

The PPP and the PML-Q are inching closer to a power sharing formula to build the foundation of a ‘deep-rooted' political alliance. more... (ET)

PPP, PML-N favour creation of new provinces

The ruling Pakistan People's Party (PPP) and major opposition party in the National Assembly-Pakistan Muslim League-Nawaz (PML-N) on Monday favoured creation of new provinces by following constitutional course. more... (BR)

 

 
GCC

UAE and Qatar may attract USD1.74b funds

The combined weighting of the two markets in the MSCI Emerging Markets Index would be 0.35 per cent, Credit Suisse said. more... (Zawya)


UAE's First Gulf Bank records AED875m net in Q1

FGB posted a 1.2% increase in profit over Q4 2010 while core banking revenues stood at AED1,580m. more... (Zawya)

Du marks year of robust growth

Emirates Integrated Telecommunications Company (du) concluded the company's Annual General Meeting yesterday. At the meeting, du Chairman Ahmad Bin Byat presented a review of activities in 2010. more... (Gulf News)


 

Quote of the Day:

"Our business in life is not to get ahead of others, but to get ahead of ourselves -- to break our own records, to outstrip our yesterday by our today" - Stewart B. Johnson

 

 
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
22-APR-11
25-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.1875
0.11%
9.43%
9.40%
-2.70
     
22-APR-11
25-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
868.21
868.13
-0.08

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.72
13.15
13.45
13.69
Offer
13.22
13.40
13.70
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
13.15
13.45
13.70
Low  
11.10
12.80
12.95
13.40
13.70
14.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.43
122.64
1.026
139.16
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
1.12
3.22
3.24
3.43
5.43
8.12
12.90
13.80
Change bps
0.00
0.00
-3.70
0.00
0.00
2.60
0.00
0.00

Commodities

     
22-APR-11
25-APR-11
change
WTI (USD/bbl)    
112.65
111.40
-1.10%
     
Brent (USD/bbl)    
124.26
123.15
-0.89%
     
Arab Light (USD/bbl)    
118.93
118.51
-0.35%

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
41,024.00
40,842.00
0.45%
Rice IRRI -6(Rs/100kg)
3,349.00
3,351.00
-0.06%
KCA Cotton (Rs/mound)
10,500.00
10,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,498.30
1,517.30
1.25%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
750.05
750.05
0.05%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,390.00
1,420.00
-2.11%
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.