BasedLine
Date: 05-May-2011
KSE-100 Index
Previous Index 11,956.89
Current Index
11,672.05
Change % -2.38%
YTD (CY11) -2.91%
YTD (FY11) 20.06%
KSE-100 Index
Previous Index 20,217.34
Current Index 19,833.25
Change % -1.90%
YTD (CY11) 5.47%
YTD (FY11) 35.65%
International Indicators
 
Close
%age
BSE-30 18,469.36 -0.35
HANGSENG 23,315.24 -1.35
NIKKEI 225 10,004.20 1.57
FTSE 5,984.07 -1.60
DJIA 12,723.60 -0.66
SSEC 2,911.51 -0.02
NASDAQ 2,828.23 -0.47
 
Close
%age
TASI 6,682.61 -0.17
KSE(Kuwait) 6,499.80 -0.04
BSE 1,396.23 -0.68
MSM 6,332.05 -0.32
ADX 2,699.88 0.39
DFM 1,618.23 -0.71
QSE 8,493.12 -0.20
Capital Market Overview

Market watch : Stocks fall amid low volumes

The stock market continued the downward trend on Tuesday amid tensions in Karachi over frequent eruption of violence. more... (ET)

NAVs and Returns
as of May 04, 2011
Funds Offer Redemption
POAIIF
51.9778/-
51.4580/-
YTD Return
8.81%
POIAAF
64.38/-
62.77/-
YTD Return
18.95%
POAAAF
59.35/-
57.87/-
YTD Return
15.16%
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
34.45
2,963
54.58
3.44
-2.91%
KSE30
6.81
585
43.68
3.39
-2.20%
KMI30
5.11
440
30.71
2.62
5.47%
KSE All
37.20
3,199
76.12
3.67
-2.78%
May 04, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
198.55
109.95
-12.15%
OGDC
15.26
141.86
129.06
-15.82%
UBL
2.00
61.93
42.29
-9.23%
LUCK
1.70
67.27
35.94
-11.24%
May 04 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
17.18
(65.75)
-48.56
Foreign Corporates
2,323.27
(2,357.39)
-34.13
Overseas Paksitani
288.33
(283.13)
5.19
Grand Total
2,628.78
(2,706.28)
-77.49
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
03-May-11
04-May-11
Change
Gross Buy
320.58
-33.88%
7.29
-5.14%
0.92
2.62
-184.74%
Gross Sell
-270.25
2.63%
-2.44
-33.69%
-1.61
-2.71
68.32%
Net Buy/(Sell)
50.33
-77.73%
4.96
-6.71%
-0.24
-0.08
-66.67%
S.C.R.A
Country
During the Year July 10 to Date
03-May-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
-
0.19
-0.19
Luxembourg
64.06
-
-
57.70
-
-
6.46
0.92
0.45
0.47
Switzerland
35.56
-
-
14.70
-
-
20.82
-
0.03
-0.03
UAE
5.49
-
-
7.34
-
-
-0.30
-
-
-
UK
142.09
192.14
-
125.63
202.63
2.85
-0.07
0.03
2.33
-2.29
USA
392.59
-
28.42
228.52
-
17.12
175.36
3.12
0.13
2.99
Total
716.89
192.24
38.23
497.65
202.63
21.54
223.55
4.12
7.57
-3.45
News Clippings
Economy

Provisional figures put growth rate at 2.4 percent: even revised target of 2.8 percent missed!

Pakistan has missed even the revised growth target of 2.8 percent as provisional figures suggest it would be 2.4 percent for the current fiscal year largely on the back of slightly better performance by the services sector on account of 50 percent increase in salaries and defence expenditure. more... (BR)

IMF, World Bank postpone Pakistan trips

The International Monetary Fund (IMF) has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said on Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. more... (ET)

Power tariff raised by Re1 per unit

The National Electric Power Regulatory Authority (Nepra) has allowed power distribution companies (Discos) to increase electricity tariff by Rs1.006 per unit on account of fuel adjustment charges. The hike in tariff will be reflected in bills of ongoing month of May. more... (ET)

CNG price increased by Rs1.02 per kg

The International Monetary Fund (IMF) has postponed talks in Pakistan next week due to security concerns, an IMF spokesman said on Wednesday, delaying a deal to disburse more than $3 billion in funds to the country. more... (ET)

 

 
Company & Sector Update

Govt to sell 88% shares of Heavy Electrical Complex

The Privatisation Commission (PC) has invited expressions of interest (EOIs) from investors, industrial companies and groups for the privatisation of Heavy Electrical Complex (HEC). more... (ET)

Oil tankers'' strike creates fuel shortage in Karachi

About 50 percent patrol pumps of Karachi stopped operating on Wednesday due to strike of Oil Tankers Association against the hike in petroleum prices, causing severe problems for citizens especially commuters. It is feared that more patrol pumps would go closed if the strike of oil tankers was not ended soon. more... (BR)

Uzbekistan offers electricity on reasonable rates

Ambassador of Uzbekistan, Oybek Arif Usmanov here on Wednesday said that his country was ready for providing electricity to Pakistan via Peshawar on very reasonable rates. He said that it would also help Pakistan for seeking access to surplus Central Asian electricity to overcome energy shortages. more... (BR)

 

 
Political

Military meeting: Commanders to craft response to pressure

The military top brass is holding intense consultations within its own ranks as well as with some important civilian personalities to craft a response to outside pressure resulting from Osama bin Laden's killing in a US operation. more... (ET)

PPP woos back MQM into the cabinet

The Pakistan Peoples Party (PPP) achieved a major breakthrough late on Wednesday when it managed to woo its estranged coalition partner the Muttahida Qaumi Movement (MQM) back into the federal cabinet. more... (ET)

Terror suspect went to meet bin Laden: Indonesia

Indonesia: Indonesia says its most wanted terrorist suspect was in Pakistan to meet Osama bin Laden when he was arrested there early this year. more... (D)

 

 
GCC

Air Arabia announces Q1 of 2011 net profit of AED 44.2 million

Air Arabia's net profit for the three months ending March 31, 2011 stood at AED 44.2 million, a drop of 12 per cent compared to AED 50 million in the corresponding period in 2010. more... (Zawya)


Saudi equity market cap reaches SR1.35 trillion

The Saudi stock market declined as most Gulf markets gave back gains on Tuesday. Petrochemical stocks headed losses on the Saudi bourse, with Saudi Basic Industries Corp. (SABIC) and Saudi Arabian Fertilizers Co. (SAFCO) falling 0.89 percent to SR111 and 0.56 percent to SR178. more... (Zawya)

Qatar fiscal surplus will widen by 7%, finds report

Qatar's fiscal surplus will widen to 7% of the GDP in 2011/2012 on the back of continued recovery in hydrocarbon prices, a double-digit surge in LNG export volumes' growth as well as higher level of transfers from public enterprises, Beltone Financial Research has said in a report. more... (Gulfbase)


 

Quote of the Day:

"About the time we can make the ends meet, somebody moves the ends." - Herbert Hoover





 

 
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
03-MAY-11
04-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
92.7994
-0.46%
8.99%
9.11%
11.70
     
03-MAY-11
04-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
765.53
786.68
3.15

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.54
13.11
13.42
13.69
Offer
13.04
13.36
13.67
14.19

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.50
12.50
13.00
13.30
13.45
13.45
Low  
11.10
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
84.40
124.78
1.04
138.82
22.95
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
3.22
3.09
3.28
5.36
8.18
12.90
13.80
Change bps
0.00
1.60
-3.10
-4.30
-0.30
0.00
-4.90
0.00

Commodities

     
03-MAY-11
04-MAY-11
change
WTI (USD/bbl)    
110.73
108.90
-1.65%
     
Brent (USD/bbl)    
122.27
121.07
-0.98%
     
Arab Light (USD/bbl)    
118.22
116.70
-1.28%

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
41,742.00
42,342.00
-1.42%
Rice IRRI -6(Rs/100kg)
3,438.00
3,491.00
-1.49%
KCA Cotton (Rs/mound)
9,000.00
9,000.00
-0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,519.70
1,532.40
-0.82%
Sugar 11 (USD/lb)
21.35
22.07
-3.26%
Steel (USD/ton)
776.00
760.05
2.09%
Wheat (CBT) (USD/bu)
850.00
700.50
21.34%
PTA (USD/ton)
1,335.00
1,390.00
-3.96%
Copper (USD/ton)
9,095.75
9,322.50
-2.43%

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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.