BasedLine
Date: 28-Apr-2011
KSE-100 Index
Previous Index 11,933.46
Current Index
11,947.44
Change % 0.12%
YTD (CY11) -0.62%
YTD (FY11) 22.89%
KSE-100 Index
Previous Index 20,229.91
Current Index 20,260.22
Change % 0.15%
YTD (CY11) 7.74%
YTD (FY11) 38.57%
International Indicators
 
Close
%age
BSE-30 19,448.69 -0.49
HANGSENG 23,892.80 -0.50
NIKKEI 225 9,691.84 1.40
FTSE 6,068.16 -0.02
DJIA 12,690.96 0.76
SSEC 3,026.67 0.65
NASDAQ 2,869.88 0.78
 
Close
%age
TASI 6,724.26 0.57
KSE(Kuwait) 6,488.80 -0.07
BSE 1,406.51 0.45
MSM 6,322.73 -0.08
ADX 2,704.24 0.56
DFM 1,666.06 1.92
QSE 8,491.43 0.59
Capital Market Overview

Market watch : Company results continue to attract investors

Results-based buying on the back of better-than-expected earnings helped the stock market post a positive close on Wednesday.The Karachi Stock Exchange (KSE) 100-share index gained 0.12 per cent or 13.98 points to end at 11,947.44 points. more... (ET)

NAVs and Returns
as of Apr 27, 2011
Funds Offer Redemption
POAIIF
51.8774/-
51.3586/-
YTD Return
8.78%
POIAAF
64.30/-
62.69/-
YTD Return
18.80%
POAAAF
59.50/-
58.01/-
YTD Return
15.44%
POAF
10.83/-
YTD Return
8.29%
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
34.80
2,942
109.87
4.06
-0.62%
KSE30
6.89
582
100.78
3.95
0.15%
KMI30
5.19
438
91.31
3.22
7.74%
KSE All
37.60
3,178
143.73
4.37
-0.46%
Apr 27, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
206.24
109.88
-8.74%
OGDC
15.99
138.92
135.15
-17.56%
UBL
2.00
63.78
42.26
-6.52%
LUCK
1.70
72.47
35.92
-4.38%
Apr 27, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
13.39
(19.38)
(515.60)
Foreign Corporates
864.71
(17,014.13)
(1,388.850.44)
Overseas Paksitani
288.29
(367.44)
(6,806.54)
Grand Total
1,166.39
(17,400.95)
(1,396,172.59)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-Apr-11
27-Apr-11
Change
Gross Buy
315.61
66.85%
52.66
-24.16%
1.37
1.18
-13.87%
Gross Sell
-263.11
8.30%
-63.65
-22.13%
-0.78
-17.67
-18.15%
Net Buy/(Sell)
52.50
-77.09%
-10.99
-10.69%
0.70
-16.49
-17.97%
S.C.R.A
Country
During the Year July 10 to Date
26-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
-3.22
News Clippings
Economy

Budget framework: Fiscal deficit, energy crisis and high inflation major challenges next year

The proposed Rs3.5 trillion new budget, which includes over Rs100 billion of new taxes, will revolve around the government's ability to tackle issues. more... (ET)

Industrialists, traders threaten to close factories from May 2 if power outages continue

The industrialists and traders of Sialkot have said that they will close their factories from May 2 if unannounced power outages do not end. more... (BR)

IMF considers Pak policymakers liars

The International Monetary Fund considers Pakistan's economic policymakers ‘liars', according to Ehtisham Ahmad, the country's former representative on the Washington-based IMF board. more... (TFD)

 

 
Company & Sector Update

Islamic banks : State Bank increases liquidity requirement

The State Bank of Pakistan (SBP) has increased the Statutory Liquidity Requirement (SLR) for Islamic banks and Islamic banking branches by five per cent with effect from June 3, a central bank announcement said on Wednesday. more... (ET)

PTCL declares 17.5% dividend

Pakistan Telecommunication Company Ltd (PTCL) has reported a lower profit after tax of Rs 4.971 billion during nine months ending March 31, 2011 and declared an interim cash dividend at 17.5 percent. more... (BR)

Corporate earnings : Sector giants record improvement

The Oil and Gas Development Company Limited witnessed a 25 per cent rise in profits in the quarter ended March 31, recording profit after tax of Rs17.59 billion against Rs14.12 billion in the same period last year. more... (ET)

 

 
Political

Three killed in Pakistan naval bus attack

At least three people were killed and 15 others wounded on Thursday after a bomb hit a Pakistani navy bus in the restive southern port city of Karachi, in the third. more... (BR)

Alliance with the PPP: With ministries on offer, PML-Q to woo party dissidents

A crucial meeting of Pakistan Muslim League-Quaid (PML-Q) parliamentarians will be held at Chaudhry Shujaat Hussain's residence where the party leadership will brief their members on the prospects of an alliance, and their ongoing negotiations, with the ruling Pakistan Peoples Party (PPP). more... (ET)

WB affirms $140mn for KP, Fata, B'stan

The World Bank Wednesday reaffirmed its commitment to administer $140 million Multi-Donor Trust Fund (MDTF) for Khyber-Pakhtunkhwa, the Federally Administered Tribal Areas (FATA) and Balochistan on behalf of its ten donors. more... (TFD)

 

 
GCC

Abu Dhabi Commercial Bank reports first quarter 2011 net profit of AED 583 mn

Abu Dhabi, 26 April 2011 - Abu Dhabi Commercial Bank PJSC ("ADCB" or the "Bank") today reported its financial results for the first quarter of 2011. more... (Zawya)

IMF raises Gulf's growth forecasts

The International Monetary Fund has raised its projection for Gulf's economic growth in 2011 from 5.2 per cent to 7.8 per cent, as oil production expands to stabilise global oil supply in the face of supply disruptions elsewhere. more... (Gulf News)

Ducab plans foray into Qatar and Saudia Arabia

Ducab, the UAE's cable manufacturer jointly owned by the Dubai and Abu Dhabi governments, is considering extending its regional reach into Qatar and Saudi Arabia with new production facilities, its chairman said yesterday. more... (Gulf News)


 

Quote of the Day:

"Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight. " - Henry R. Luce


 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.87mn
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)
$1.32bn
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
26-APR-11
27-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.956
0.20%
9.24%
9.19%
-4.80
     
26-APR-11
27-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
884.24
894.59
10.36

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.68
13.14
13.44
13.70
Offer
13.18
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  
11.75
12.25
13.10
13.15
13.45
13.45
Low  
11.00
12.00
12.95
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.55
123.83
1.0358
139.64
23.02
1.66
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.10
13.48
13.81
Last Cut Off.
13.25
13.62
13.87
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.11
14.07
10 Y-PIB
13.95
13.80
14.12
14.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.10
3.26
3.23
3.48
5.42
8.18
13.22
13.80
Change bps
-0.20
4.60
4.30
8.50
-0.80
0.20
15.20
0.00

Commodities

     
26-APR-11
27-APR-11
change
WTI (USD/bbl)    
112.17
113.46
1.15%
     
Brent (USD/bbl)    
124.12
125.65
1.23%
     
Arab Light (USD/bbl)    
119.65
121.29
1.37%

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)
400.00
396.63
0.85%
Urea Fertilizer (Rs/bag)
1,265.00
1,184.17
6.83%
Gold 24cr (Rs./10gm) Khi
40,842.00
40,800.00
0.10%
Rice IRRI -6(Rs/100kg)
3,406.00
3,383.00
0.68%
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)
1,527.35
1,506.30
1.40%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
754.02
751.24
0.37%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,390.00
1,420.00
-2.11%
Copper (USD/ton)
9,297.00
9,520.50
-2.35%

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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.