BasedLine
Date: 11-May-2011
KSE-100 Index
Previous Index 11,932.68
Current Index
12,012.02
Change % 0.66%
YTD (CY11) -0.09%
YTD (FY11) 23.56%
KSE-100 Index
Previous Index 20,148.21
Current Index 20,265.63
Change % 0.58%
YTD (CY11) 7.77%
YTD (FY11) 38.61%
International Indicators
 
Close
%age
BSE-30 18,512.77 -0.09
HANGSENG 23,336.00 0.80
NIKKEI 225 9,818.76 0.30
FTSE 6,018.89 1.30
DJIA 12,760.36 0.60
SSEC 2,894.33 0.44
NASDAQ 2,871.89 1.01
 
Close
%age
TASI 6,712.97 0.60
KSE(Kuwait) 6,522.90 0.22
BSE 1,381.61 -0.24
MSM 6,233.34 -0.50
ADX 2,670.82 -0.18
DFM 1,606.78 1.18
QSE 8,665.42 1.42
Capital Market Overview

Market watch: Stock market continues upward trend

The stock market continued its bullish trend with healthy gains on Tuesday, primarily due to active participation of foreign institutions.The Karachi Stock Exchange (KSE) 100-share index gained 0.66 per cent or 79.34 points to end at 12,012.02 points. more... (ET)

NAVs and Returns
as of May 10, 2011
Funds Offer Redemption
POAIIF
52.0753/-
51.5545/-
YTD Return
8.86%
POIAAF
64.49/-
62.88/-
YTD Return
21.76%
POAAAF
59.45/-
57.96/-
YTD Return
15.34%
POAF
11.08/-
YTD Return
10.57%
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
34.91
2,958
42.83
2.47
-0.09%
KSE30
6.90
585
32.69
2.36
0.65%
KMI30
5.18
439
22.99
1.68
7.77%
KSE All
37.64
3,189
59.96
2.60
-0.12%
May 10, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.93
109.48
-8.88%
OGDC
14.48
148.21
121.94
-12.05%
UBL
2.00
64.69
42.11
-5.19%
LUCK
1.70
69.89
35.79
-7.78%
May 10 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
10.40
(12.91)
(2.51)
Foreign Corporates
1,886.10
(682.44)
1,203.67
Overseas Paksitani
104.98
(118.55)
(13.57)
Grand Total
2,001.49
(813.90)
1,187.58
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
09-May-11
10-May-11
Change
Gross Buy
342.21
-34.44%
28.55
32.92%
2.59
2.00
-22.78%
Gross Sell
-276.18
-5.69%
-7.55
-52.33%
-0.73
-0.81
-10.96%
Net Buy/(Sell)
66.04
-71.75%
5.65
271.86%
1.86
1.19
-36.02%
S.C.R.A
Country
During the Year July 10 to Date
09-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
-
-
-
Luxembourg
65.73
-
-
59.39
-
-
6.44
0.13
-
0.13
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
-4.80
-
-
-0.06
USA
408.25
-
28.42
232.12
-
17.12
187.43
2.53
2.31
0.21
Total
730.29
192.24
38.23
504.67
202.63
21.54
229.87
2.74
2.32
0.37
News Clippings
Economy

Pakistan-IMF talks to begin in Dubai tomorrow

Talks between Pakistan and International Monetary Fund (IMF) will start in Dubai on Wednesday.The talks were scheduled to be held in Islamabad but the International Monetary Fund (IMF) officials rejected to visit Pakistan due to security reasons,private news channel reported. more... (BR)

Day light saving, 2-day weekend back on the table

The government has decided to table an energy saving plan comprising two holidays a week, closure of shops at 8 pm, advancing clocks by one hour and turning off street lights at night at an energy summit scheduled for May 25 and 26. more... (ET)

Remittances worth $1.03bn recieved in April

Overseas Pakistanis remitted $1.03 billion in April 2011, the second consecutive month that the figure has crossed the mark of $1 billion, data released by the State Bank of Pakistan showed. more... (ET)

 

 
Company & Sector Update

Development Spending: Planning Commission for 30% increase in budget

The Planning Commission (PC) has recommended to the federal government to increase development budget allocation by over 30 per cent for next year, as failure to do so will hurt crucial nuclear and hydropower projects including a satellite programme.. more... (ET)

Pakistan's wheat to dent Australia's exports

Australian wheat exports are set to face stiffer competition as Pakistan, which resumed exports after three years, pours grain from its new crop into the market and offers competitive prices to millers in Asia, the Middle East and Africa. more... (ET)

Gold surges to Rs 41,571

Gold surged by Rs 257 to Rs 41,571 per 10 grams in local bullion market on Tuesday, as its international price also increased to $ 1,517 an ounce, market sources said. more... (BR)

 

 
Political

US Senator Kerry to visit Pakistan next week

Senior US Senator John Kerry said Tuesday he would travel to Pakistan early next week to help get bilateral ties back “on the right track” amid angry tensions over the US raid that killed Osama bin Laden). more... (D)

Good ties with Pakistan 'but not at any price': US Senator

Pakistan must heed US "concerns" about its efforts to combat extremists, a senior US senator said Tuesday, warning he wanted to maintain good ties with Islamabad "but not at any price." more... (N)

MQM finally rejoins Federal Cabinet

The Muttahida Qaumi Movement (MQM) on Tuesday finally re-joined the central government with the induction of its three legislators in the federal cabinet. The development has shored up the Pakistan Peoples Party-led coalition government ahead of next year's budget more... (ET)

 

 
GCC

Qatar third in GCC on infrastructure development

Qatar ranked third in the GCC by allocating $135bn on infrastructure development during 2010-15, said Emirates Industrial Bank (EIB), a local Arabic daily reported yesterday. more... (Zawya)

Aluminium extrusion firms to benefit from GCC railway

The GCC railway project has the region's aluminium extrusion companies rubbing their hands in glee at the thought of the lucrative business potentially coming their way, given the relatively infant downstream industry in the Gulf, industry insiders said. more... (Gulf News)

Central Bank income up 17% in 2010

A surge in foreign investment boosted the UAE Central Bank's net earnings by 17 per cent in 2010 despite a decline in interest income, official data showed. From around Dh3,184 billion in 2009, the Central Bank's net profits swelled to nearly Dh3.721 billion in 2010, the bank said in its annual report. more... (Zawya)


 

Quote of the Day:

"Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat" -Sun Tzu




 

 
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- Apr 11)
$9.05bn
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
09-MAY-11
10-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.2708
-0.13%
9.36%
9.39%
3.50
     
09-MAY-11
10-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
777.34
779.97
2.63

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.50
12.98
13.32
13.67
Offer
13.00
13.23
13.57
14.17

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
11.25
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
84.74
122.58
1.0544
139.36
23.07
1.71
0.42

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.00
13.40
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
3.05
3.08
3.28
5.36
8.28
12.95
13.80
Change bps
-0.90
2.00
6.00
1.70
-2.90
1.90
29.80
0.00

Commodities

     
09-MAY-11
10-MAY-11
change
WTI (USD/bbl)    
101.04
104.01
2.94%
     
Brent (USD/bbl)    
114.34
117.47
2.74%
     
Arab Light (USD/bbl)    
111.80
113.14
1.20%

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
41,571.00
41,314.00
0.62%
Rice IRRI -6(Rs/100kg)
3,506.00
3,432.00
2.16%
KCA Cotton (Rs/mound)
8,500.00
8,500.00
0.00%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.85
123.20
-1.91%
Gold Futures (USD/oz)
1,516.28
1,513.75
0.17%
Sugar 11 (USD/lb)
31.02
37.87
-18.09%
Steel (USD/ton)
753.72
753.90
-0.02%
Wheat (CBT) (USD/bu)
800.25
796.50
0.47%
PTA (USD/ton)
1,255.00
1,390.00
-9.71%
Copper (USD/ton)
8,888.25
8,866.75
0.24%

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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.