BasedLine
Date: 04-May-2011
KSE-100 Index
Previous Index 12,035.89
Current Index
11,956.89
Change % -0.66%
YTD (CY11) -0.55%
YTD (FY11) 22.99%
KSE-100 Index
Previous Index 20,344.01
Current Index 20,217.34
Change % -0.62%
YTD (CY11) 7.51%
YTD (FY11) 38.28%
International Indicators
 
Close
%age
BSE-30 18,729.79 -1.08
HANGSENG 23,633.25 -0.37
NIKKEI 225 10,004.20 1.57
FTSE 6,082.88 0.21
DJIA 12,807.50 0.01
SSEC 2,911.51 -0.02
NASDAQ 2,841.62 -0.78
 
Close
%age
TASI 6,694.14 -0.38
KSE(Kuwait) 6,502.30 -0.22
BSE 1,405.73 -0.02
MSM 6,352.61 -0.31
ADX 2,689.29 -0.10
DFM 1,629.73 0.11
QSE 8,509.87 -0.05
Capital Market Overview

Security concerns casting shadows

In the absence of triggers, uncertainty over future events after Osama killing and concerns related to budget we would see the market to continue to show lackluster activities till budget announcement. more... (FD)

NAVs and Returns
as of May 03, 2011
Funds Offer Redemption
POAIIF
51.9368/-
51.4442/-
YTD Return
8.81%
POIAAF
64.41/-
62.80/-
YTD Return
19.01%
POAAAF
59.38/-
57.90/-
YTD Return
15.22%
POAF
11.04/-
YTD Return
10.40%
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
34.23
2,944
36.15
1.75
-0.55%
KSE30
6.75
580
25.75
1.63
-0.04%
KMI30
5.08
437
20.24
1.31
7.51%
KSE All
36.96
3,178
50.67
1.87
-0.45%
May 03, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.36
109.95
-10.02%
OGDC
15.26
147.29
129.06
-12.59%
UBL
2.00
62.17
42.29
-8.88%
LUCK
1.70
70.33
35.94
-7.20%
May 03 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
47.30
(405.14)
-357.84
Foreign Corporates
778.39
(591.39)
186.99
Overseas Paksitani
96.81
(165.41)
-68.60
Grand Total
922.50
(1,161.95)
-239.45
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
02-May-11
03-May-11
Change
Gross Buy
320.58
-33.88%
7.29
-5.14%
5.99
0.92
-84.64%
Gross Sell
-270.25
2.63%
-2.44
-33.69%
-0.46
-1.61
250.00%
Net Buy/(Sell)
50.33
-77.73%
4.96
-6.71%
5.53
-0.24
-95.66%
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

Government borrowing crosses Rs 500 billion mark: 81 percent phenomenal rise

The federal government's borrowing for budgetary support posted a phenomenal increase of 81 percent and crossed Rs 500 billion mark on April 23, 2011, mainly due to shortfall in revenue collection. more... (BR)

Concessions to Pakistan: India opposes EU trade relief, again

The World Trade Organisation (WTO) General Council on Tuesday failed to convince the nations opposing limited trade concessions for flood-hit Pakistan, with New Dehli acting as the major stumbling block to the passage of these concessions. more... (ET)

Inflation sprints to 13.1%

Strong inflationary pressure has started building up on the back of rise in fuel, electricity and essential item prices, as inflation rose 13.04 per cent in April over the same period a year ago. more... (ET)

 

 
Company & Sector Update

PIA revenues rise 12.5%

Pakistan International Airlines (PIA) achieved revenues of around Rs107.5 billion during 2010 compared to Rs95.56 billion in 2009, recording a growth of 12.52 per cent, say airline officials. more... (ET)

Deal signed to facilitate imports into Pakistan

The Asian Development Bank (ADB) and Australia's Export Finance and Insurance Corporation (EFIC) have signed a trade facilitation agreement which will help Pakistan's economy, says the Australian High Commission in Islamabad. more... (ET)

'Loadshedding will come down in two days with oil supply'

Managing Director (MD) Pakistan Electric Power Company (Pepco) Rasul Khan Mehsud said Tuesday the power load shedding would come down in two days with oil supply to the thermal units. The total power shortfall due to poor supply of furnace oil was 4000MW against 1000MW due to non-availability of Sui gas. Thus, a total shortfall of 5000MW can easily be met provided required quantity of fuel is available to run the power generation units, he added. more... (BR)

 

 
Political

MQM agrees to rejoin Cabinet

Muttahida Qaumi Movement (MQM) has agreed to rejoin the Cabinet and oath-taking ceremony is likely to be held on May 7, reliable sources told Business Recorder on Tuesday. According to sources, MQM wanted to join Cabinet along with Pakistan Muslim League (Quaid) last Monday but President Zardari had put off the matter for sometime later on. more... (BR)

US feared Pakistan might 'alert' Osama about raid: CIA

CIA Director Leon Panetta said in an interview Tuesday that officials ruled out informing Islamabad about a planned raid against Osama bin Laden's compound as they feared their Pakistani counterparts might alert the al Qaeda chief. Panetta told Time magazine that "it was decided that any effort to work with the Pakistanis could jeopardise the mission: They might alert the targets." more... (BR)

Finding OBL: Zardari insists Pakistan did its part

President Asif Ali Zardari has said accusations that Pakistan extends safe haven to extremists were “baseless” and insisted the country's long-term help was crucial to the US triumph in gunning down Osama Bin Laden. more... (ET)

‘Osama's will surfaces'

The local Al Anba newspaper has obtained what it claims is Osama bin Laden's will, written on December 14, 2001, when he was on the run from the US in Afghanistan. more... (D)

 

 
GCC

Abu Dhabi plans to set up second aluminium plant

Abu Dhabi is planning to build an aluminium plant in Khalifa Industrial Zone, a top official said. Jamal Al Dhaheri, Chief Executive Officer of Abu Dhabi Basic Industries Corporation or ADBIC, which is part of Abu Dhabi's industrial arm General Holding Company, expected to make public details on the new joint venture facility in two weeks. more... (Gulfbase)

Oman opens door to Islamic banks to curb fund outflows

Oman will finally open the door to Islamic banking and let conventional lenders run Shariah-compliant operations in a bid to keep investment funds in the state and grab a share of the rapidly growing industry. more... (Gulbase)

Abu Dhabi to grow by 4.5%

Abu Dhabi's economy is forecast to grow by 4.5 per cent in 2011, while inflation is projected to be stable at three per cent, a top official said on Tuesday. more... (Gulfbase)


 

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
175.92mn
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
02-MAY-11
03-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
92.7233
0.01%
8.99%
8.99%
-0.20
     
02-MAY-11
03-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
887.49
765.53
-121.96

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.65
13.13
13.42
13.70
Offer
13.15
13.38
13.67
14.20

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.25
12.40
13.00
13.30
13.45
13.45
Low  
11.75
12.20
12.70
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.76
125.26
1.04
141.23
23.06
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
3.21
3.12
3.39
5.37
8.18
12.95
13.80
Change bps
-0.10
0.40
-2.90
-6.50
-4.00
0.00
-9.70
0.00

Commodities

     
02-MAY-11
03-MAY-11
change
WTI (USD/bbl)    
112.93
110.73
-1.95%
     
Brent (USD/bbl)    
126.12
122.27
-3.05%
     
Arab Light (USD/bbl)    
120.84
118.22
-2.16%

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)
9,000.00
9,500.00
-5.26%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,532.40
1,545.35
-0.84%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
760.05
756.41
0.48%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,335.00
1,390.00
-3.96%
Copper (USD/ton)
9,322.50
9,296.00
0.29%

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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.