BasedLine
Date: 03-May-2011
KSE-100 Index
Previous Index 12,057.54
Current Index
12,035.89
Change % -0.18%
YTD (CY11) 0.11%
YTD (FY11) 23.80%
KSE-100 Index
Previous Index 20,415.39
Current Index 20,344.01
Change % -0.35%
YTD (CY11) 8.19%
YTD (FY11) 39.14%
International Indicators
 
Close
%age
BSE-30 18,998.02 -0.72
HANGSENG 23,720.81 -0.36
NIKKEI 225 10,004.20 1.60
FTSE 6,069.90 0.03
DJIA 12,807.36 -0.02
SSEC 2,911.51 -0.02
NASDAQ 2,864.08 -0.33
 
Close
%age
TASI 6,719.53 0.53
KSE(Kuwait) 6,516.60 0.13
BSE 1,406.02 0.08
MSM 6,372.32 0.60
ADX 2,692.02 0.04
DFM 1,627.86 -0.04
QSE 8,514.11 -0.31
Capital Market Overview

Market watch: Interest remains low, market drops 22 points

The stock market lacked any major enthusiasm on the first trading session of the week on Monday as trading remained range-bound due to absence of triggers. more... (ET)

NAVs and Returns
as of May 02, 2011
Funds Offer Redemption
POAIIF
51.9471/-
51.4246/-
YTD Return
8.80%
POIAAF
64.53/-
62.92/-
YTD Return
19.23%
POAAAF
59.49/-
58.00/-
YTD Return
15.42%
POAF
11.04/-
YTD Return
10.39%
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
35.04
2,964
54.59
3.44
0.11%
KSE30
6.93
586
43.69
3.40
0.82%
KMI30
5.20
440
30.71
2.62
8.19%
KSE All
37.83
3,200
76.14
3.67
0.21%
May 02, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.49
109.95
-9.08%
OGDC
15.26
148.68
129.06
-11.77%
UBL
2.00
63.30
42.29
-7.23%
LUCK
1.70
72.44
35.94
-4.42%
May 02 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
22.36
(8.19)
15.17
Foreign Corporates
5,725.33
(258.76)
5,466.57
Overseas Paksitani
243.77
(190.56)
53.21
Grand Total
5,992.46
(457.51)
5,534.95
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
29-Apr-11
02-May-11
Change
Gross Buy
327.91
67.53%
65.00
-21.77%
4.66
5.99
28.54%
Gross Sell
-266.32
2.84%
-66.84
-25.77%
-1.97
-0.46
76.65%
Net Buy/(Sell)
61.59
-72.82%
-1.84
-73.52%
2.69
5.53
105.58%
S.C.R.A
Country
During the Year July 10 to Date
29-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

World stocks, dollar rise; oil falls

The killing of Al Qaeda leader Osama bin Laden by US forces prompted investors on Monday to strip some of the risk premium underpinning world asset prices, lifting the dollar, boosting stocks and weakening commodities. more... (BR)

France supports trade concessions for Pakistan: Tehmina

Foreign Office Spokesperson Tehmina Janjua said on Monday that upcoming visit of Prime Minister Yusuf Raza Gilani to France would help cement economic ties between the two countries. more... (BR)

Traders' role termed pivotal in economy

Dr Hafeez Shaikh, Minister for Finance, Revenue, and Economic Affairs has said that entrepreneurs could play a key role in economic prosperity of the country. He stated this while talking to a delegation of entrepreneurs on the occasion of the launch of All World Network's Pakistan Fast Growth 100 here on Monday. more... (FD)

 

 
Company & Sector Update

Shell profits rocket to $8.78 billion

Anglo-Dutch oil giant Shell turned in a 60-percent net profit leap for the first quarter on Thursday, benefiting from resurgent oil prices and the sale of non-core assets. more... (BR)

Textilers angry on ST re-imposition

The value-added textile sector has sharply reacted and protested over the betrayal of the government from its commitment and reverting back to impose sales tax on textile auxiliaries. more... (FD)

Govt buys near 1mn T of wheat

During the current wheat procurement campaign for the year 2011-12 food departments of the provinces and Pakistan Agriculture Storage and Services Corporation (PASSCO) have procured about 976,247 tonnes of the commodity against the total procurement targets of 6.57 million tonnes. more... (FD)

 

 
Political

Committee to identify barriers in Pak-India trade

Trade Development Authority of Pakistan (TDAP) will form sector specific committees, led by the private sector to identify barriers in the Pak-India bilateral trade. more... (BR)

Pak shown as terror sanctuary, says India

The killing of al Qaeda mastermind Osama bin Laden near Islamabad is further evidence that terrorists find “sanctuary” in Pakistan, Indian Home Minister P Chidambaram said on Monday. more... (FD)

US closes embassy, consulates in Pakistan

The United States on Tuesday closed its embassy and three consulates in Pakistan to the public until further notice, a day after Osama bin Laden was killed near the capital Islamabad. more... (D)

Obama acknowledges Pakistani cooperation in Osama hunt

Announcing the death of al-Qaeda chief Osama Bin Laden in an operation, President Barack Obama said counterterrorism cooperation with Pakistan led the U.S. to the location of the militant leader's hiding. more... (BR)

 

 
GCC

UAE oil output rises 1.61 per cent in March

The UAE's oil production rose to 2.52 million barrels per day (bpd) in March, 1.61 per cent higher compared to February, the latest data from the Paris-based International Energy Agency (IEA) show. more... (Gulf News)

Swiss freeze Gaddafi, Mubarak and Ben Ali's funds

Bern has frozen SFr830m ($960m) of assets of former heads of state from north Africa's since the start of popular uprisings earlier this year, Micheline Calmy-Rey, Switzerland's foreign minister, said on Monday at a meeting of her country's regional ambassadors assembled in Tunisia. more... (Zawya)

Emirates likely to increase airfares

Dubai After having increased airfares by about 15 per cent this year, Emirates could be forced to raise them again this year if oil prices continue to rise, Tim Clark, Emirates President, told Gulf News. more... (Zawya)


 

Quote of the Day:

" Time is our most precious asset, we should invest it wisely." - Michael Levy




 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.92mn
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
29-APR-11
02-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
92.713
0.14%
9.03%
8.99%
-3.30
     
29-APR-11
02-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
887.56
887.49
-0.07

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.67
13.13
13.42
13.69
Offer
13.17
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  
13.25
12.50
13.00
13.30
13.45
13.45
Low  
11.10
12.25
12.70
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.6
125.47
1.04
141.03
23.03
1.68
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.13
13.45
13.79
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
3.39
5.41
8.18
13.05
13.80
Change bps
-0.10
0.30
-0.90
-2.00
1.20
0.00
-6.90
0.00

Commodities

     
29-APR-11
02-MAY-11
change
WTI (USD/bbl)    
112.84
112.93
0.08%
     
Brent (USD/bbl)    
125.89
126.12
0.18%
     
Arab Light (USD/bbl)    
122.04
120.84
-0.98%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
97.31
92.89
4.76%
Furnace Oil (Rs/ton)
71,598.15
71,413.29
0.26%
Cement (Rs. Bag Avg)
405.25
400.00
1.31%
Urea Fertilizer (Rs/bag)
1,295.83
1,265.00
2.44%
Gold 24cr (Rs./10gm) Khi
42,342.00
42,342.00
0.00%
Rice IRRI -6(Rs/100kg)
3,491.00
3,419.00
2.11%
KCA Cotton (Rs/mound)
9,500.00
9,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,545.35
1,563.70
-1.17%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
756.41
756.45
0.00%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,335.00
1,390.00
-3.96%
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.