BasedLine
Date: 13-May-2011
KSE-100 Index
Previous Index 12,036.36
Current Index
11,962.18
Change % -0.62%
YTD (CY11) -0.50%
YTD (FY11) 23.04%
KSE-100 Index
Previous Index 20,243.86
Current Index 20,173.14
Change % -0.35%
YTD (CY11) 7.28%
YTD (FY11) 37.98%
International Indicators
 
Close
%age
BSE-30 18,335.79 -1.34
HANGSENG 23,073.80 -0.90
NIKKEI 225 9,716.65 -1.50
FTSE 5,944.46 -0.50
DJIA 12,695.90 0.52
SSEC 2844.08 -1.36
NASDAQ 2,863.04 0.63
 
Close
%age
TASI 6,722.38 0.14
KSE(Kuwait) 6,502.50 -0.13
BSE 1,382.00 0.03
MSM 6,158.41 -0.07
ADX 2,672.89 -0.11
DFM 1,596.80 -0.73
QSE 8,711.49 -0.61
Capital Market Overview

Market watch: Karachi bourse follows global peers downward

The stock market fell on Thursday in line with global peers amid tumbling international commodity prices. The Karachi Stock Exchange (KSE) benchmark 100-share index dropped 0.62 per cent or 74.18 points to end at 11,962.18 points. more... (ET)

NAVs and Returns
as of May 12 2011
Funds Offer Redemption
POAIIF
52.1037/-
51.5827/-
YTD Return
8.87%
POIAAF
64.49/-
62.88/-
YTD Return
21.76%
POAAAF
59.45/-
57.96/-
YTD Return
15.34%
POAF
11.04/-
YTD Return
10.11%
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
34.24
2,965
47.10
1.44
-0.50%
KSE30
6.77
582
32.60
1.31
0.11%
KMI30
5.08
437
13.97
9.71
7.28%
KSE All
36.94
3,177
64.40
1.55
-0.52%
May 12, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.52
110.15
-9.50%
OGDC
14.24
147.16
120.65
-12.67%
UBL
2.00
63.98
42.36
-6.23%
LUCK
1.70
71.40
36.01
-5.79%
May 12 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
87.64
(25.33)
62.31
Foreign Corporates
567.58
(622.81)
-55.23
Overseas Paksitani
111.80
(76.20)
35.60
Grand Total
767.02
(724.34)
42.68
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
11-May-11
12-May-11
Change
Gross Buy
345.68
-34.88%
32.02
-39.90%
2.70
0.77
-71.48%
Gross Sell
-278.04
-6.10%
-9.41
-74.77%
-1.14
-0.72
36.84%
Net Buy/(Sell)
67.64
-71.50%
22.61
38.12%
1.56
0.04
-97.44%
S.C.R.A
Country
During the Year July 10 to Date
11-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
46.59
0.10
-
37.27
-
-
9.42
2.86
-
2.86
Luxembourg
65.87
-
-
59.66
-
-
6.31
0.14
0.27
-0.13
Switzerland
35.56
-
-
15.16
-
-
20.36
-
0.41
-0.41
UAE
5.67
-
-
7.34
-
-
0.06
-
-
0.19
UK
142.22
192.14
-
130.60
202.63
2.85
-4.96
-
0.17
-0.17
USA
408.60
-
28.42
232.47
-
17.12
187.42
0.34
0.35
-0.01
Total
733.72
192.24
38.23
505.88
202.63
21.54
232.28
3.42
1.21
2.40
News Clippings
Economy

Dubai talks with IMF focus economy, budget

The Inter-national Monetary Fund (IMF) is holding talks with the Pakistani officials on the recent economic developments and the upcoming budget. Caroline Atkinson, Director of IMF External Relations said while addressing a video conference in Washington that an IMF mission is currently holding talks with Pakistan in Dubai on recent economic developments and steps taken by the government of Pakistan especially about the budget (2011-12). more. (BR)

Pakistan due to get $300 million in US security reimbursement

Pakistan is likely to get $300 million from the United States for costs incurred in fighting militants, officials said on Thursday, at a time US legislators have been questioning aid to Pakistan after Osama bin Laden was found there. The funds are part of a so-called Coalition Support Fund (CSF), a US programme to reimburse countries that have incurred costs supporting counter-terrorism and counter-insurgency operations. more. (BR)

SITE industrialists body worries on KESC strike

The SITE Association of Industry representing more than 3000 industries in SITE area is very much worried with the continuous strike resorted to by the employees of KESC. While KESC continued to suffer disruption and subversion at the hands of CBA Union and its outside connivers for fourth consecutive day on Thursday, the industries are also suffering because of burnt sub-stations, PMTs and disconnected electricity supply network at a number of places. more. (FD)

 

 
Company & Sector Update

Pakistan, Russia for trade, investment; pursue joint projects in energy, infrastructure development

Pakistan and Russia on Thursday agreed to promote trade, investment and pursue joint projects particularly in energy, infrastructure development, metal industry and agriculture. more... (BR)

Third 330 megawatts nuclear plant becomes operational

Pakistan's third nuclear electric power plant went operational on Thursday, pumping another 330MW into the national grid in a bid to help meet country's growing energy demand and cut down the shortfall. Prime Minister Syed Yousuf Raza Gilani inaugurated the Chashma Nuclear Power Plant Unit-1 (CHASNUPP-2), located near Chashma Barrage on the left bank of River Indus, 32 kilometres south of Mianwali city and, 280 kms south-west of Islamabad.
more... (BR)

Govt warns KESC to mend ways or be ready for takeover

The government warned the Karachi Electricity Supply Company on Thursday it would be forced to take it over if its management failed to meet its obligations, including reinstatement of all sacked employees. more. (D)

 

 
Political

Ties between ISI, CIA broken down< says Gilani

Amid hostile ties and mistrust between Pakistan and the United States, Prime Minister Yousaf Raza Gilani said in an interview to TIME magazine on Wednesday that cooperation between the ISI and its American counterpart the CIA had broken down and that Washington and Islamabad differed on how to fight terrorism. more. (ET)

68 killed in Charsadda suicide attacks

Sixty-eight people were killed Friday and over 100 hurt when suicide bombs ripped through a group of paramilitary police as they were about to be bussed home on leave from a training centre. more. (N)

PPP Sindh to protest against LHC verdict

PPP Sindh Executive Committee decided to take out rallies would be led by the regional presidents of PPP district head quarters from all over Sindh against the Lahore High Court verdict in Asif Ali Zardari's dual office case. more. (N)

 

 
GCC

Kuwait bourse sheds 8.7 points, closes in red

The Kuwait Stock Exchange (KSE) price index shed 8.7 points Thursday to close at 6502.5 points, a decline of approximately 0.1 percent, after the losses witnessed by heavyweight stocks pushed the index lower upon closing. more. (Gulf Base)

Foreigners' dealership rights face opposition in Qatar

Qatar's Advisory Council has objected to a government proposal to allow non-Qataris to own, in exceptional cases, dealerships selling foreign goods and services. more. (Gulf News)

Gulf forces will stay in Bahrain after emergency is lifted — army chief

The Saudi-led Gulf force sent to maintain security in Bahrain following anti-government protests will remain in Bahrain even after emergency rule is lifted next month, the head of the kingdom's military said in a move that could worsen tensions with Iran. more. (Zawya)


 

Quote of the Day:

" It takes more than capital to swing business. You've got to have the A. I. D. degree to get by — Advertising, Initiative, and Dynamics." – Ren Mulford Jr.





 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.00mn
US$ Reserves (Apr 30, 2011)
$17.11 bn
Trade Balance (Jul 10- Apr 11)
($12.11bn)
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
11-MAY-11
12-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
91.2092
-0.03%
9.41%
9.41%
0.80
     
11-MAY-11
12-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
832.69
833.72
1.03

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.49
12.97
13.31
13.68
Offer
12.99
13.22
13.56
14.18

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
84.79
122.27
1.0509
139.98
23.09
1.70
0.42

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.00
13.42
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
1.01
3.03
3.05
3.28
5.33
8.21
12.90
13.80
Change bps
-0.10
-2.10
2.70
-5.70
-8.80
-7.60
3.10
0.00

Commodities

     
11-MAY-11
12-MAY-11
change
WTI (USD/bbl)    
99.57
99.69
0.12%
     
Brent (USD/bbl)    
115.14
114.30
-0.73%
     
Arab Light (USD/bbl)    
109.02
108.40
-0.57%

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
41,100.00
41,785.00
-1.64%
Rice IRRI -6(Rs/100kg)
3,505.00
3,506.00
-0.03%
KCA Cotton (Rs/mound)
8,500.00
9000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
120.85
123.20
-1.91%
Gold Futures (USD/oz)
1,505.90
1,501.20
0.31%
Sugar 11 (USD/lb)
34.72
35.18
-1.29%
Steel (USD/ton)
753.83
754.50
-0.09%
Wheat (CBT) (USD/bu)
739.75
700.50
5.60%
PTA (USD/ton)
1,255.00
1,390.00
-9.71%
Copper (USD/ton)
8,712.00
8,679.75
0.37%

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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.