BasedLine
Date: 29-Apr-2011
KSE-100 Index
Previous Index 11,966.67
Current Index
11,947.44
Change % 0.16%
YTD (CY11) -0.46%
YTD (FY11) 23.09%
KSE-100 Index
Previous Index 20,260.22
Current Index 20,321.42
Change % 0.30%
YTD (CY11) 8.07%
YTD (FY11) 38.99%
International Indicators
 
Close
%age
BSE-30 19,292.02 -0.81
HANGSENG 23,805.63 -0.37
NIKKEI 225 9,849.74 1.60
FTSE 6,069.90 0.03
DJIA 12,763.31 0.57
SSEC 2,887.67 -4.59
NASDAQ 2,872.53 0.09
 
Close
%age
TASI 6,724.26 0.57
KSE(Kuwait) 6,521.70 0.51
BSE 1,404.90 -0.11
MSM 6,335.49 0.20
ADX 2,695.50 -0.32
DFM 1,634.13 -1.92
QSE 8,548.30 0.67
Capital Market Overview

Market watch : Activity slows down as index creeps up

After two days of result-related excitement, equities on Thursday lost steam and volumes remained on the lower side, despite some key result announcements.The Karachi Stock Exchange (KSE) 100-share index gained 0.16 per cent or 19.23 points to close at 11,966.67 points. more... (ET)

NAVs and Returns
as of Apr 28, 2011
Funds Offer Redemption
POAIIF
51.8913/-
51.3274/-
YTD Return
8.79%
POIAAF
64.34/-
62.73/-
YTD Return
18.87%
POAAAF
59.49/-
58.00/-
YTD Return
15.42%
POAF
10.84/-
YTD Return
8.30%
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
35.40
2,880
57.79
3.10
-0.46%
KSE30
6.89
582
44.73
2.88
0.24%
KMI30
5.20
440
34.61
2.46
8.07%
KSE All
37.68
3,185
113.50
3.33
-0.24%
Apr 28, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.69
109.64
-9.43%
OGDC
14.13
139.72
119.17
-17.09%
UBL
2.00
64.10
42.17
-6.05%
LUCK
1.70
72.93
35.84
-3.77%
Apr 28, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
18.98
(140.71)
(121.73)
Foreign Corporates
1286.11
(429.56)
856.54
Overseas Paksitani
182.65
(132.70)
49.95
Grand Total
1,487.73
(702.97)
784.76
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-Apr-11
28-Apr-11
Change
Gross Buy
317.11
66.35%
54.17
-27.31%
1.18
1.51
27.96%
Gross Sell
-263.82
6.80%
-64.37
-24.24%
-17.67
-0.72
95.93%
Net Buy/(Sell)
53.29
-76.93%
-10.19
-2.30%
-16.49
-0.80
95.15%
S.C.R.A
Country
During the Year July 10 to Date
27-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
-0.69
News Clippings
Economy

Forex reserves slightly down

Foreign exchange reserves of the country dwindled by dollars 22 million to dollars 17.179 billion from dollars 17.380 billion the previous week, said State Bank of Pakistan (SBP) here on Thursday. more... (BR)

TAPI gas deal likely by end of July

The governments of Turkmenistan, Afghanistan, Pakistan and India are aiming to sign by July 31 a United States-backed deal to purchase gas worth billions of dollars from Turkmen reserves, a statement said on Thursday. more... (ET)

Electricity shortfall may hit 7,000MW today

The electricity shortfall may reach 7,000MW on Thursday with Pakistan State Oil informing power generation companies about a further reduction in furnace oil supplies. more... (D)

 

 
Company & Sector Update

Atlas Honda declares bonus, dividend

Atlas Honda Ltd has posted a record profit after tax of Rs 1.002 billion for the year ending March 31, 2011 and declared 65 % cash dividend, 15 % bonus share. more... (BR)

Fertiliser sales drop by 9% in first quarter

Total fertiliser sales in the first quarter of 2011 dropped by nine per cent compared with the corresponding period of last year, to stand at 1.7 million tons. more... (ET)

PSO bank accounts frozen

The Federal Board of Revenue (FBR) is reported to have frozen bank accounts of Pakistan State Oil (PSO) for defaulting on payment of Rs7.1 billion Sales Tax. more... (D)

 

 
Political

Review plea: Petition seeks dismissal of Bhutto reference

An application has been filed in the Supreme Court Lahore registry seeking dismissal of presidential reference for reopening of Zulfikar Ali Bhutto case. more... (ET)

Senate body okays changes in SBP bill

The Senate Standing Committee on Finance has approved the State Bank of Pakistan (SBP) Amendment Bill 2010 with some modifications including removal of the condition to limit government borrowing from the central bank to only 10% of the previous year revenue. more... (BR)

"Graffiti war" hots up in Hangu, Kohat

The tug-of-war between Iran and Saudi Arabia is no more confined to Bahrain, as it has now reached thousands miles away to two volatile districts of Khyber Pakhtunkhwa, where wall-chalking against the two countries by their sympathisers is raising alarms. more... (D)

 

 
GCC

DHCOG records Dh127m profit, up from Dh23.5 billion loss

Delivery of properties and better earnings have helped Dubai Holding Commercial Operations Group (DHCOG), to return to profitability, recovering from a loss of Dh23.5 billion in 2009 to a profits of Dh127 million in 2010, the company said in a statement. more... (Gulf News)

New unified banking rules take effect from Sunday

Starting Sunday, bank customers cannot obtain car and personal loans exceeding 20 times their monthly salary and only those with an annual salary of Dh60,000 or more will be considered for a credit card following the new Central Bank regulations meant to protect customers from borrowing beyond their means. more... (Gulf News)

Gold hits new high on Fed statement and weak dollar

Spot gold ascended to a lifetime high of $1,535.90 an ounce, breaking records for a second straight session. It traded at $1,534.85, up from $1,526.40. more... (Gulf News)


 

Quote of the Day:

"Business is a combination of war and sport." - Andre Maurois




 

 
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
27-APR-11
28-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
92.3075
0.38%
9.19%
9.10%
-9.40
     
27-APR-11
28-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
894.59
888.82
-5.76

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.71
13.14
13.44
13.70
Offer
13.21
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  
13.15
12.50
13.10
13.15
13.45
13.45
Low  
11.50
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
84.55
124.02
1.029
139.98
23.05
1.67
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
1.09
3.19
3.18
3.39
5.41
8.18
13.12
13.80
Change bps
-1.20
-6.70
-4.70
-9.00
-1.20
0.20
-10.60
0.00

Commodities

     
27-APR-11
28-APR-11
change
WTI (USD/bbl)    
113.46
112.48
-0.86%
     
Brent (USD/bbl)    
125.65
124.61
-0.83%
     
Arab Light (USD/bbl)    
121.29
120.68
-0.50%

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
41,845.00
40,842.00
2.46%
Rice IRRI -6(Rs/100kg)
3,421.00
3,406.00
0.44%
KCA Cotton (Rs/mound)
10,000.00
10,500.00
-4.76%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,536.20
1,527.35
0.58%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
755.35
754.02
0.18%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,390.00
1,420.00
-2.11%
Copper (USD/ton)
9,296.00
9,297.00
-0.01%

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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.