BasedLine
Date: 27-Apr-2011
KSE-100 Index
Previous Index 11,916.02
Current Index
11,933.46
Change % -0.15%
YTD (CY11) -0.74%
YTD (FY11) 22.75%
KSE-100 Index
Previous Index 20,175.14
Current Index 20,229.91
Change % 0.27%
YTD (CY11) 6.07%
YTD (FY11) 38.36%
International Indicators
 
Close
%age
BSE-30 19,545.35 -0.20
HANGSENG 24,007.40 -0.50
NIKKEI 225 9,558.69 -1.20
FTSE 6,069.36 0.90
DJIA 12,595.37 0.93
SSEC 3,026.67 0.65
NASDAQ 2,847.54 0.77
 
Close
%age
TASI 6,686.30 1.07
KSE(Kuwait) 6,493.50 0.43
BSE 1,400.27 -0.21
MSM 6,327.49 0.04
ADX 2,689.30 -0.05
DFM 1,634.75 -0.21
QSE 8,441.91 -0.20
Capital Market Overview

Investors waiting for good news

We expect mix activities in the market with the index moving between 11,750 and 12,150 points. Investors are staying on sidelines these days primarily due to slowdown in foreign inflows and uncertainties regarding new budget. more... (FD)

NAVs and Returns
as of Apr 26, 2011
Funds Offer Redemption
POAIIF
51.8634/-
51.3448/-
YTD Return
8.78%
POIAAF
64.29/-
62.68/-
YTD Return
18.78%
POAAAF
59.46/-
57.97/-
YTD Return
15.36%
POAF
10.83/-
YTD Return
8.28%
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
2,938
87.56
2.36
-0.74%
KSE30
6.87
582
80.72
2.26
-0.10%
KMI30
5.17
438
72.57
1.91
6.07%
KSE All
37.47
3,174
110.35
2.61
-0.61%
Apr 26, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
206.88
110.08
-1.11%
OGDC
15.99
139.04
135.40
-29.75%
UBL
2.00
64.20
42.34
-1.11%
LUCK
1.70
72.24
35.99
-1.11%
Apr 26, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
16.63
(21.48)
(4.84)
Foreign Corporates
1,260.58
(575.77)
684.82
Overseas Paksitani
178.92
(187.16)
(8.24)
Grand Total
1,456.14
(784.82)
671.72
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-Apr-11
26-Apr-11
Change
Gross Buy
314.40
68.33%
51.47
-23.14%
1.07
1.37
28.03%
Gross Sell
-245.55
1.71%
-45.98
-42.17%
-0.11
-0.78
-7.09%
Net Buy/(Sell)
68.85
-68.52%
5.50
-143.82%
0.96
0.70
-27.08%
S.C.R.A
Country
During the Year July 10 to Date
25-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
0.11
0.06
0.05
Luxembourg
63.49
-
-
56.56
-
-
56.56
-
0.90
-0.90
Switzerland
35.56
-
-
13.16
-
-
13.84
-
0.69
-0.69
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
2.48
0.26
2.19
Total
706.67
192.24
34.42
482.74
202.63
21.54
711.97
4.86
3.67
1.17
News Clippings
Economy

US likely to release $981m by June-end: Hafeez Shaikh

United States is expected to release nearly $1 billion to Pakistan before the end of June, a senior official said on Tuesday. Though the money will help bridge the country's soaring budget deficit, it is still well below Islamabad's expectations. more... (ET)

Subsidies may end from FY12

Subsidies amounting to Rs229 billion provided to people on electricity bills and other commodities will be withdrawn from the next fiscal budget FY12, according to proposed budget documents sent by Finance Ministry to Parliamentary Committee on Finance. more... (FD)

Budget 2011-12: government targets 4.2 percent growth

The government has projected a 4.2 percent growth and a 4.5 percent consolidated fiscal deficit for budget 2011-12. It has also set a revenue collection target of Rs 1.952 trillion. more... (BR)

 

 
Company & Sector Update

Banking companies: 35 percent income tax rate may go up further in budget

A comparative analysis of corporate tax rate on banking companies revealed that Pakistan's 35 percent rate is quite low as compared to other countries in the region, which is expected to increase in the budget (2011-12). more... (BR)

OGDC board may scrap $186 million Uch-II tender

The Board of Directors (BoD) of Oil and Gas Development Company (OGDC) may scrap the tender of $186 million engineering, procurement and construction (EPC) contract for Uch-II development project in its meeting scheduled for Wednesday. The National Assembly Standing Committee on Petroleum and Natural Resources has recommended scrapping the deal due to infighting between powerful groups which has resulted in delays in developing oil and gas fields. more... (BR)

Agricultural income unlikely to be taxed

Chances of taxing agricultural income from the new financial year dimmed on Tuesday when Finance Minister Dr Abdul Hafeez Shaikh turned down a demand by the business community, hiding behind the constitution that declares agriculture as a provincial subject. more... (ET)

 

 
Political

MQM wants arms-free Pakistan

Muttahida Qaumi Movement (MQM) tabled De-weaponisation Bill 2011 in National Assembly for cleansing country from illegal arms. MQM member in NA Dr Abdul Qadir Khanzada on Tuesday tabled the bill aimed at complete de-weaponisation of the country. Dr Abdul Qadir Khanzada briefing the House on the salient features of the Bill told that rampage of weapons in our country has eroded the law and order situation, due to which law and order situation in the country is deteriorating day by day and this situation has destroyed the peace of mind of common people. more... (FD)

PML-N in bid to protect PPP from `blackmail`?

As a power-sharing deal between the People`s Party and the Pakistan Muslim League-Q is maturing, the PML-N has indicated that it may save the PPP-led government from “blackmail of its present and would-be allies” during the approval of the forthcoming budget. more... (D)

Constitution allows new provinces: PML-N

A Pakistan Muslim League-Nawaz (PML-N) leader said on Tuesday that establishment of new provinces was permissible under the Constitution. more... (ET)

 

 
GCC

Regional unrest adds fuel to UAE tourism industry

As the political turmoil continues to unfold in the neighbourhood, the UAE stands to benefit from a change in tourist patterns, particularly from those coming from Bahrain. more... (Gulfnews)


UAE: DFM falls as Emaar results fail to cheer investors

Dubai's shares on Monday dropped the most in more than a month after profit at Emaar Properties PJSC, the company with the heaviest-weighting on the benchmark stock index, tumbled 45 per cent, trailing analysts' estimates. more... (Zawya)

GCC countries need to diversify to attract more foreign investment, expert says

Greater diversification of the economies, privatisation of industry and establishment of a monetary union are the essential factors in increasing foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) countries, a leading economist said in the capital Tuesday. more... (Gulf News)


 

Quote of the Day:

"Business opportunities are like buses, there's always another one coming" - Richard Branson

 

 
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
25-APR-11
25-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.786
0.64%
9.40%
9.24%
-15.80
     
25-APR-11
25-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
868.13
888.24
16.11

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.69
13.14
13.44
13.70
Offer
13.19
13.39
13.69
14.20

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

     
25-APR-11
26-APR-11
change
WTI (USD/bbl)    
111.40
112.17
0.69%
     
Brent (USD/bbl)    
123.15
124.12
0.78%
     
Arab Light (USD/bbl)    
118.51
119.65
0.96%

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)
1,265.00
1,184.17
6.83%
Gold 24cr (Rs./10gm) Khi
40,800.00
41,024.00
-0.54%
Rice IRRI -6(Rs/100kg)
3,383.00
3,349.00
1.02%
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)
1,508.70
1,498.30
0.82%
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.