BasedLine
Date: 10-May-2011
KSE-100 Index
Previous Index 11,879.96
Current Index
11,932.68
Change % 0.44%
YTD (CY11) -0.75%
YTD (FY11) 22.74%
KSE-100 Index
Previous Index 20,041.38
Current Index 20,148.21
Change % 0.53%
YTD (CY11) 7.15%
YTD (FY11) 37.80%
International Indicators
 
Close
%age
BSE-30 18,528.96 0.05
HANGSENG 23,336.00 0.80
NIKKEI 225 9,794.38 -0.70
FTSE 5,942.69 -0.60
DJIA 12,684.70 0.36
SSEC 2,881.57 0.32
NASDAQ 2,843.25 0.55
 
Close
%age
TASI 6,673.26 0.75
KSE(Kuwait) 6,508.60 0.04
BSE 1,384.98 -0.40
MSM 6,264.51 -0.34
ADX 2,675.61 -0.38
DFM 1,588.11 -0.23
QSE 8,544.18 1.02
Capital Market Overview

Market watch: Bourse gains amid improved volumes

The stock market remained positive on the first trading session of the week on Monday amid better volumes.The Karachi Stock Exchange (KSE) 100-share index gained 0.44 per cent or 53 points to end at 11,933 points. more... (ET)

NAVs and Returns
as of May 09, 2011
Funds Offer Redemption
POAIIF
52.0613/-
51.5407/-
YTD Return
8.86%
POIAAF
64.47/-
62.86/-
YTD Return
21.72%
POAAAF
59.44/-
57.95/-
YTD Return
15.32%
POAF
11.08/-
YTD Return
10.56%
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
34.17
2,938
60.47
2.71
-0.75%
KSE30
6.77
582
40.78
2.52
0.18%
KMI30
5.07
436
23.11
1.65
7.15%
KSE All
36.87
3,171
78.65
2.82
-0.71%
May 09, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.03
109.48
-9.28%
OGDC
14.48
146.23
121.94
-13.22%
UBL
2.00
63.89
42.11
-6.36%
LUCK
1.70
70.20
35.79
-7.38%
May 09 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.72
(17.63)
-8.91
Foreign Corporates
2,422.90
(508.46)
1,914.44
Overseas Paksitani
162.55
(207.23)
-44.68
Grand Total
2,594.16
(733.31)
1,860.85
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
06-May-11
09-May-11
Change
Gross Buy
340.21
-34.49%
26.55
23.61%
12.97
2.59
-80.03%
Gross Sell
-275.36
-5.18%
-6.73
-57.47%
-1.02
-0.73
28.43%
Net Buy/(Sell)
64.85
-72.23%
19.82
250.84%
11.95
1.86
-84.43%
S.C.R.A
Country
During the Year July 10 to Date
06-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
43.72
0.10
-
37.27
-
-
6.55
0.04
0.03
0.01
Luxembourg
65.60
-
-
59.39
-
-
6.31
0.40
0.63
-0.23
Switzerland
35.56
-
-
14.75
-
-
20.77
-
-
-
UAE
5.67
-
-
7.34
-
-
-0.12
-
-
-
UK
142.22
192.14
-
130.44
202.63
2.85
-4.74
-
0.85
-0.85
USA
405.73
-
28.42
229.81
-
17.12
187.21
4.07
0.60
3.47
Total
727.55
192.24
38.23
502.36
202.63
21.54
229.50
5.05
2.13
2.92
News Clippings
Economy

SBP launches financial innovation programme

State Bank of Pakistan (SBP) Governor Shahid Kardar announced on Monday the launch of the UK Aid-sponsored £10 million Financial Inclusion Programme (FIP) in Pakistan. more... (ET)

Exports cross $20bn mark in 10 months

Country's exports for the first time have crossed the $ 20 billion mark in the first 10 months of the current financial year. more... (BR)

‘GDP must grow at 7pc to absorb increasing labour force'

As much as 7 percent growth of Gross Domestic Product (GDP) is needed for the absorption of the increasing labour force in the country, according to draft strategy `Pakistan: Framework for Economic Growth,' prepared by the Planning Commission. more... (BR)

 

 
Company & Sector Update

Engro purchases US-based firm's food business

Engro Corporation is all set to enter the Halal food business in North America as the company has finalised and signed an agreement with US-based Al Safa Halal to purchase its food business, Engro announced on Monday. more... (ET)

Cotton sowing increased by 164pc

The Sindh province has so far achieved 28 percent of proposed cotton cultivation targets while cotton sowing has increased by 164 per cent as compared to same period of last year which is a positive sign for crop sowing across the country. more... (BR)

Oil rises in Asian trade

Crude was higher in Asian trade today, clawing back some of the ground it lost in sharp sell-offs last week.New York's main contract, light sweet crude for delivery in June, rose USD 1.18 to USD 98.36 a barrel. more... (N)

 

 
Political

ISI an asset, has full support of government: PM Gilani

Prime Minister Syed Yousuf Raza Gilani has said that the Inter-Services Intelligence (ISI) is an asset and has the full support of the government. more... (BR)

PM failed to satisfy nation: Nisar

Opposition Leader in National Assembly Chaudhry Nisar Monday said Prime Minister Yusuf Raza Gilani has failed to satisfy the nation and that the failure of intelligence agencies is actually the failure of PM, Geo News reported. more... (N)

US rejects Pakistani criticism of raid

The United States said Monday it would not “apologize” for launching a raid to kill Osama bin Laden on Pakistani soil, after the Islamabad government complained about US “unilateralism.” more... (D)

 

 
GCC

Iran ties and Yemen crisis to dominate Gulf summit

The Gulf states' tense relations with Iran are expected to dominate the agenda when leaders of the Gulf Cooperation Council gather in Riyadh for the annual consultative meeting today, a source told Gulf News yesterday. more... (Gulf news)

$2.8b Qidfa desalination, power plant set to be largest in country

The Fujairah F2 power and desalination plant will help economic and industrial development in Fujairah and the northern region, officials said following the inauguration of the $2.8 billion (Dh10.2 billion) greenfield plant. more... (Gulf News)

Dubai seen safe business haven

The UAE is immune to upheavals sweeping the Middle East and North Africa while post-crisis recovery in most sectors makes Dubai a safe haven for business, according to a key Western financial institution. more... (Zawya)


 

Quote of the Day:

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well." -Alan Greenspan





 

 
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 (Apr-11) 13.00%
   
CPI Gen. - FY11 (Jul- Apr 11) 14.10%
   
NFNE Core INFL - YoY (Apr 11) 9.40%
   
NFNE Core INFL -FY11 (Jul- Apr 11) 9.50%

Money Market

 
Price
Change
06-MAY-11
09-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.3929
-0.30%
9.28%
9.36%
7.50
     
06-MAY-11
09-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
773.21
777.34
4.13

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.48
12.98
13.33
13.68
Offer
12.98
13.23
13.58
14.18

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.75
12.20
12.75
13.30
13.45
13.45
Low  
11.10
11.90
12.60
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
84.60
125.80
1.052
140.00
23.10
1.70
0.43

T Bill Rates (%)
3 month
6 month
12 month
Avg.
12.85
13.37
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
1.15
3.10
3.15
3.36
5.40
8.26
12.65
13.80
Change bps
12.60
0.50
13.90
7.90
0.20
8.80
-35.90
0.00

Commodities

     
06-MAY-11
09-MAY-11
change
WTI (USD/bbl)    
98.73
101.04
2.34%
     
Brent (USD/bbl)    
110.57
114.34
3.41%
     
Arab Light (USD/bbl)    
105.79
111.80
5.68%

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)
404.00
405.25
-0.31%
Urea Fertilizer (Rs/bag)
1,307.92
1,295.83
0.93%
Gold 24cr (Rs./10gm) Khi
41,314.00
40,885.00
1.05%
Rice IRRI -6(Rs/100kg)
3,432.00
3,436.00
-0.12%
KCA Cotton (Rs/mound)
8,500.00
9,000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
122.80
123.20
-0.32%
Gold Futures (USD/oz)
1,513.75
1,495.60
1.21%
Sugar 11 (USD/lb)
37.68
35.63
5.74%
Steel (USD/ton)
754.00
755.25
-0.17%
Wheat (CBT) (USD/bu)
796.50
700.50
13.70%
PTA (USD/ton)
1,255.00
1,390.00
-9.71%
Copper (USD/ton)
8,866.75
8,808.00
0.67%

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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.