BasedLine
Date: 09-May-2011
KSE-100 Index
Previous Index 11,906.69
Current Index
11,879.96
Change % -0.22%
YTD (CY11) -1.19%
YTD (FY11) 22.20%
KSE-100 Index
Previous Index 20,136.64
Current Index 20,041.38
Change % -0.47%
YTD (CY11) 6.58%
YTD (FY11) 37.07%
International Indicators
 
Close
%age
BSE-30 18,518.81 1.69
HANGSENG 23,159.14 -0.44
NIKKEI 225 9,859.20 -0.10
FTSE 5,976.77 0.96
DJIA 12,638.74 0.43
SSEC 2,866.93 -1.53
NASDAQ 2,827.56 0.46
 
Close
%age
TASI 6,623.55 0.70
KSE(Kuwait) 6,506.00 -0.15
BSE 1,390.57 -0.19
MSM 6,286.09 -0.83
ADX 2,685.71 -0.44
DFM 1,591.75 -0.97
QSE 8,458.29 0.07
Capital Market Overview

Weekly review : Bourse falls 1.5% amid selling

The week started off with the news that the world's most wanted man Osama bin Laden was killed by US Special Forces, leading to uncertainty and selling at the Karachi bourse. more... (ET)

NAVs and Returns
as of May 06, 2011
Funds Offer Redemption
POAIIF
52.0211/-
51.5009/-
YTD Return
8.86%
POIAAF
64.42/-
62.81/-
YTD Return
21.62%
POAAAF
59.39/-
57.91/-
YTD Return
15.24%
POAF
11.05/-
YTD Return
10.41%
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
34.53
2,925
46.72
1.93
-1.19%
KSE30
6.83
578
30.80
1.81
-0.48%
KMI30
5.12
434
12.19
1.10
6.58%
KSE All
37.28
3,158
64.67
2.04
-1.10%
May 06, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
202.72
109.48
-10.30%
OGDC
14.48
147.08
121.94
-12.72%
UBL
2.00
62.56
42.11
-8.31%
LUCK
1.70
69.61
35.79
-8.15%
May 06 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
6.49
(84.72)
-78.24
Foreign Corporates
12,778.91
(788.83)
11,990.08
Overseas Paksitani
187.27
(148.60)
38.67
Grand Total
12,972.67
(1,022.15)
11,950.52
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
05-May-11
06-May-11
Change
Gross Buy
337.62
-34.39%
23.96
50.89%
1.46
12.97
788.36%
Gross Sell
-274.63
-0.68%
-6.00
-44.16%
-0.66
-1.02
-54.54%
Net Buy/(Sell)
62.99
-74.07%
5.13
249.84%
0.78
11.95
1432.05%
S.C.R.A
Country
During the Year July 10 to Date
04-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
2.59
News Clippings
Economy

President Zardari invites Kuwaiti entrepreneurs to invest in Pakistan

President Asif Ali Zardari while assuring full protection to foreign investments, on Sunday invited the Kuwaiti businessmen and entrepreneurs to take advantage of the investment-friendly policies of the present government. more... (BR)

Tax on gross assets in Budget 2011-12: Finance Minister

Federal Minister of Finance Hafeez Sheikh has said that the government is considering taxing gross assets in the Budget 2011-12 Aaj News reported on Saturday. more... (BR)

ADB assessment: ‘$692m in loans to Pakistan at risk'

In yet another scathing indictment of Pakistan's economic management team, the Asian Development Bank on Sunday declared $692 million in loans to Islamabad to be “at risk” after the county was deemed to be in violation of the guidelines set out by the international lender for the repayment of those loans. more... (ET)

 

 
Company & Sector Update

Power tariff hiked by 2pc

The electricity tariff all across country has been increased by 2 percent from today, Geo News reported. more... (TN)

Renewable energy FBR exempts equipment from tax

The Federal Board of Revenue (FBR) has announced a conditional exemption from sales tax and federal excise duty on the import and local supply of renewable energy equipment such as solar PV panels and other instruments. more... (ET)

Power shortfall further plunges to 2,580 MW

The electricity shortfall in the country on Saturday further plunged to 2,580 from 2,730 MW as the total power generation was recorded as 12,452 MW against the demand of 15,032 MW during the last 24 hours . more... (BR)

Farm sector earns more despite floods

The agriculture sector has been receiving massive inflow of money through export of rice, wheat and other farm products while their income further rose in nine months despite devastating floods that hit the country during the first quarter of this fiscal year. more... (D)

 

 
Political

No proof Pakistan knew of bin Laden, but must probe: White House

A top White House official said Sunday there's currently no evidence that Pakistan knew Osama bin Laden was hiding there, but added the country must investigate the Al-Qaeda leader's ‘support network.' more... (BR)

ISI chief Shuja Pasha off to foreign visit

ISI Chief Lt General Shuja Pasha has gone on a sudden foreign visit. According to defence sources, his visit is being kept secret by military officials. more... (FD)

Shaikh shares trade affairs with world

Dr Abdul Hafeez Shaikh, Minister of Finance, Revenue, Planning & Development, who is leading Pakistan's delegation to the 44th Annual Meeting of the Board of Governors being held from 3-6 May 2011, in Hanoi, Vietnam, held a series of meetings with leading heads of delegation of other countries attending the meeting. more... (FD)

 

 
GCC

Middle East investors to spend Dh 1.3bn in London

The recession may have UK consumers looking after the pennies, but the same cannot be said for visitors from China and the Middle East. more... (Gulf news)

Delivery, recapitalization help Aldar

Abu Dhabi developer Aldar Properties reported a Dh189.1 million net profits for the first quarter of 2011, compared to a Dh314.2 million net loss in the corresponding period last year. more... (Gulf News)

Gulf must package sporting events to boost tourism

The Gulf Cooperation Council (GCC) should increase efforts to capitalise on its major sporting events and turn them into a sustainable source of year-round tourism revenue, according to a top manager in the UAE sports industry. more... (Gulf News)


 

Quote of the Day:

If you do build a great experience, customers tell each other about that. Word of mouth is very powerful." Jeff Bezos





 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
175.94mn
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
05-MAY-11
06-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.664
-0.22%
9.23%
9.28%
5.60
     
05-MAY-11
06-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
780.56
773.21
-7.35

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.50
13.00
13.34
13.67
Offer
13.00
13.25
13.59
14.17

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
12.75
12.20
13.00
13.60
13.75
13.85
Low  
11.10
12.10
12.75
13.05
13.25
13.40

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.72
125.61
1.0548
139.32
23.07
1.70
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.85
13.30
13.70
Last Cut Off.
13.07
13.48
13.79
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
1.02
3.10
3.01
3.28
5.40
8.18
13.01
13.80
Change bps
-6.50
-5.10
-0.50
-0.30
5.80
0.00
5.90
0.00

Commodities

     
05-MAY-11
06-MAY-11
change
WTI (USD/bbl)    
100.15
98.73
-1.42%
     
Brent (USD/bbl)    
111.60
110.57
-0.92%
     
Arab Light (USD/bbl)    
107.77
105.79
-1.84%

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
40,885.00
40,917.00
-0.08%
Rice IRRI -6(Rs/100kg)
3,436.00
3,437.00
-0.03%
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)
1,495.60
1,474.30
1.44%
Sugar 11 (USD/lb)
32.51
32.51
0.00%
Steel (USD/ton)
755.25
758.74
-0.46%
Wheat (CBT) (USD/bu)
700.50
700.50
0.00%
PTA (USD/ton)
1,335.00
1,390.00
-3.96%
Copper (USD/ton)
8,808.00
8,793.75
0.16%

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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.