BasedLine
Date: 02-May-2011
KSE-100 Index
Previous Index 11,966.67
Current Index
12,057.54
Change % 0.76%
YTD (CY11) 0.29%
YTD (FY11) 24.02%
KSE-100 Index
Previous Index 20,321.42
Current Index 20,415.39
Change % 0.46%
YTD (CY11) 8.57%
YTD (FY11) 39.63%
International Indicators
 
Close
%age
BSE-30 19,135.96 -0.81
HANGSENG 23,720.81 -0.36
NIKKEI 225 9,849.74 1.63
FTSE 6,069.90 0.03
DJIA 12,810.50 0.37
SSEC 2,912.14 -0.45
NASDAQ 2,873.54 0.04
 
Close
%age
TASI 6,683.81 -0.40
KSE(Kuwait) 6,508.30 -0.21
BSE 1,404.90 -0.11
MSM 6,334.39 -0.02
ADX 2,690.87 -0.17
DFM 1,628.43 -0.35
QSE 8,540.54 -0.09
Capital Market Overview

KSE rises 103pts WoW on active participation

Bulls dominated the Karachi Stock Exchange last week and helped in breaching psychological barrier of 12,000 points. Investors bought shares of oil, banking and fertiliser sectors on better corporate results and higher international oil prices. more... (FD)

NAVs and Returns
as of Apr 29, 2011
Funds Offer Redemption
POAIIF
51.9192/-
51.4000/-
YTD Return
8.79%
POIAAF
64.61/-
62.99/-
YTD Return
19.37%
POAAAF
59.63/-
58.14/-
YTD Return
15.70%
POAF
10.84/-
YTD Return
8.31%
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
35.06
2,969
77.86
5.01
0.29%
KSE30
6.94
588
56.55
4.87
1.11%
KMI30
5.22
442
43.81
4.06
8.57%
KSE All
37.88
3,208
109.52
5.30
0.46%
Apr 29, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.05
109.95
-8.38%
OGDC
15.26
145.66
129.06
-13.56%
UBL
2.00
63.76
42.29
-6.55%
LUCK
1.70
73.40
35.94
-3.15%
Apr 29, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.29
(16.44)
(8.15)
Foreign Corporates
4,386.59
(1,670.31)
2,716.27
Overseas Paksitani
266.19
(285.50)
(19.31)
Grand Total
4,661.07
(1,972.25)
2,688.81
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
28-Apr-11
29-Apr-11
Change
Gross Buy
321.87
66.29%
58.91
-26.46%
1.51
4.66
208.61%
Gross Sell
-265.86
2.66%
-66.37
-24.82%
-0.72
-1.97
-173.61%
Net Buy/(Sell)
56.01
-75.28%
-7.46
-8.76%
-0.80
2.69
436.25%
S.C.R.A
Country
During the Year July 10 to Date
28-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
43.51
0.10
-
36.91
-
-
6.71
0.10
0.40
-0.30
Luxembourg
64.06
-
-
57.70
-
-
6.46
0.35
0.09
0.26
Switzerland
35.56
-
-
14.70
-
-
20.82
-
-
-
UAE
5.49
-
-
7.34
-
-
-0.30
-
-
-
UK
142.09
192.14
-
125.63
202.63
2.85
-0.07
-
0.05
-0.05
USA
392.59
-
28.42
228.52
-
17.12
175.36
0.25
0.43
-0.18
Total
710.43
192.24
38.23
489.16
202.63
21.54
225.58
0.76
1.09
-0.33
News Clippings
Economy

Let all the provinces in on agri tax: EAC

The Economic Advisory Council (EAC) here on Saturday recommended that the provinces be consulted on the agriculture income tax. The meeting of the Economic Advisory Council (EAC) was held under the Chairmanship of Dr Abdul Hafeez Shaikh, Minister for Finance and Revenue. more... (FD)

Traders pushed to lead economy

President Asif Ali Zardari Friday reiterated that business community and leading entrepreneurs of the country should come forward in addressing the economic challenges facing the country, and also ensuring that the economic policies remain unchanged with the change in the governments. more... (FD)

Weekly inflation falls below 17pct: FBS

The Federal Bureau of Statistics (FBS) has said that the weekly inflation in Pakistan has decreased under 17 percent Aaj News reported on Saturday. more... (BR)

 

 
Company & Sector Update

POL Prices: Petrol prices increased by Re4.85

The government on Saturday increased prices of petroleum products from 4.8 per cent to 11.8 per cent on the heel of increase in oil prices in the international market. more... (ET)

PSO bank A/Cs unfrozen: FBR

The Federal Board of Revenue (FBR) has notified PSO (Pakistan State Oil) that the company's bank accounts have been restored with immediate effect. The Federal Board of Revenue had frozen the bank accounts of Pakistan State Oil for failing to meet its tax obligations, but it reverted its decision in light of the grave challenges faced by PSO due to its receivables hovering over Rs170 billion. more... (FD)

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)

 

 
Political

PPP-PML-Q alliance: The deal is sealed

In a significant but anticipated political development, the Pakistan Muslim League-Quaid (PML-Q) on Sunday cut a broad-based deal with the ruling Pakistan Peoples Party (PPP) whereby the two parties will not only become coalition partners in the centre but will also contest the next general elections as its allies. more... (ET)

PM formally invites MQM to rejoin the cabinet

Amid a rapidly transforming political landscape , Prime Minister Yousaf Raza Gilani has formally invited the Muttahida Quami Movement (MQM) to rejoin the federal cabinet. more... (ET)

Osama Bin Laden killed in Pakistan, says Obama

Al Qaeda's elusive leader Osama bin Laden was killed in a mansion outside the Pakistani capital Islamabad , US President Barack Obama said. more... (D)

 

 
GCC

Dubai fund to extend credit facilities

Dubai's $20 billion financial support fund, set up in 2009 to help cash-strapped government owned companies, will now offer financial assistance to non-government entities to help them tide over liquidity problems. more... (Zawya)

OIL FUTURES: Crude Tumbles In Asia On Bin Laden Death Reports

Crude oil futures tumbled in early Asian trade Monday following media reports that Osama Bin Laden has been confirmed dead, raising hopes that geopolitical risks in the oil-producing regions of the Middle East and Central Asia could be reduced. more... (Zawya)

GCC ministers reject Yemen 'conspiracy' claim

Gulf Cooperation Council ministers on Sunday rejected accusations by Yemen's embattled president that Qatar was involved in a "conspiracy" against his country amid threats to pull out of a GCC deal to end the violence in Yemen. more... (Zawya)


 

Quote of the Day:

" I think in business, you have to learn to be patient. Maybe I'm not very patient myself. And I think what I've learned the most is be able to wait for something and get it when it's the right time." - Bernard Arnault




 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.90mn
US$ Reserves (Apr 23, 2011)
$17.18 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
28-APR-11
29-APR-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
92.588
0.30%
9.10%
9.03%
-7.50
     
28-APR-11
29-APR-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
888.82
887.56
-1.26

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.72
13.13
13.42
13.69
Offer
13.22
13.38
13.67
14.19

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.00
12.20
13.10
13.30
13.45
13.45
Low  
12.25
12.10
12.95
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.7
125.84
1.04
140.89
23.05
1.68
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.10
13.43
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
3.17
3.15
3.41
5.40
8.18
13.05
13.80
Change bps
0.00
-1.90
-2.50
2.10
-1.50
0.00
-6.90
0.00

Commodities

     
28-APR-11
29-APR-11
change
WTI (USD/bbl)    
112.48
112.84
0.32%
     
Brent (USD/bbl)    
124.61
125.89
1.03%
     
Arab Light (USD/bbl)    
120.68
122.04
1.13%

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
42,342.00
41,845.00
1.19%
Rice IRRI -6(Rs/100kg)
3,419.00
3,421.00
-0.06%
KCA Cotton (Rs/mound)
9,500.00
10,000.00
-5.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,563.70
1,536.20
1.79%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
756.45
755.35
0.14%
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
9,296.00
0.00%

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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.