BasedLine
Date: 16-May-2011
KSE-100 Index
Previous Index 11,962.18
Current Index
11,967.34
Change % 0.04%
YTD (CY11) -0.46%
YTD (FY11) 23.10%
KSE-100 Index
Previous Index 20,173.14
Current Index 20,215.54
Change % 0.21%
YTD (CY11) 7.50%
YTD (FY11) 38.27%
International Indicators
 
Close
%age
BSE-30 18,531.28 1.07
HANGSENG 23,276.30 0.90
NIKKEI 225 9,648.77 -0.70
FTSE 5,925.87 0.30
DJIA 12,595.75 -0.79
SSEC 2871.03 0.95
NASDAQ 2,828.47 1.21
 
Close
%age
TASI 6,690.68 -0.34
KSE(Kuwait) 6,441.00 -0.95
BSE 1,382.90 0.07
MSM 6,158.41 -0.07
ADX 2,655.10 -0.67
DFM 1,585.45 -0.71
QSE 8,666.65 -0.51
Capital Market Overview

Market watch: Investors reamin sidelined as KSE climbs marginally

Activity at the stock market remained subdued as investors chose to wait and watch ahead of the upcoming budget for fiscal year 2011-12. The benchmark KSE-100 index climbed 0.7 per cent (88 points) amidst low volumes. more... (ET)

NAVs and Returns
as of May 13, 2011
Funds Offer Redemption
POAIIF
52.1177/-
51.5965/-
YTD Return
8.87%
POIAAF
64.51/-
62.90/-
YTD Return
21.80%
POAAAF
59.47/-
57.98/-
YTD Return
15.38%
POAF
11.05/-
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
34.25
2,945
45.69
1.40
-0.46%
KSE30
6.77
582
32.60
1.28
0.23%
KMI30
5.08
437
17.20
1.02
7.50%
KSE All
36.94
3,177
56.64
1.51
-0.47%
May 13, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.80
110.56
-9.38%
OGDC
15.99
147.38
135.99
-12.54%
UBL
2.00
63.95
42.52
-6.27%
LUCK
1.70
70.90
36.14
-6.45%
May 13 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
12.15
(19.10)
(6.95)
Foreign Corporates
1377.57
(407.87)
969.69
Overseas Paksitani
135.78
(147.38)
-11.59
Grand Total
1525.50
(574.35)
951.15
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
12-May-11
13-May-11
Change
Gross Buy
347.21
-34.83%
33.54
-39.20%
0.77
1.52
97.40%
Gross Sell
-278.61
-6.77%
-9.98
-73.71%
-0.72
-0.57
-20.83%
Net Buy/(Sell)
68.59
-71.25%
23.56
33.82%
0.04
0.95
2275.00%
S.C.R.A
Country
During the Year July 10 to Date
13-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
54.83
0.10
-
37.61
-
-
17.34
1.64
-
1.64
Luxembourg
66.17
-
-
59.80
-
-
6.52
0.23
0.83
0.15
Switzerland
35.56
-
-
15.20
-
-
20.33
-
0.03
-0.03
UAE
5.67
189.00
-
7.34
-
-
0.07
-
-
-
UK
144.66
192.14
-
131.22
202.63
2.85
-3.14
1.32
0.23
1.10
USA
411.00
-
28.42
234.12
-
17.12
188.18
0.10
1.03
-0.93
Total
747.36
192.43
38.23
508.64
202.63
21.54
243.16.
3.40
1.41
-1.97
News Clippings
Economy

Subsidies reduced due to resource constraints: FM

Finance Minister, Dr. Abdul Hafeez Sheikh has said that subsidies had to be reduced due to the resource constraints and added that efforts were afoot for the increase in income in a bid to ease the provision of funds with more resources thus raised. more. (N)

Osama aftermath: ‘No aid restrictions for Pakistan yet

A senior fellow at the Washington-based Council for Foreign Relations, who is currently visiting Pakistan, has discounted the impression that the US has unofficially imposed restrictions on the disbursement of aid to Pakistan as a prelude to putting an outright embargo. He however conceded the situation might be close to it. more. (ET)

All efforts underway to give relief to people in next budget

Federal Minister for Water and Power, Syed Naveed Qamar has said that the government will provide relief to the people in the upcoming budget for the year 2011-12. more. (BR)

 

 
Company & Sector Update

Rationalising energy costs : Govt plans to raise gas prices by 15%

As Pakistan gears up to begin importing gas from Iran, the government is in the midst of putting forward a plan that would seek to raise gas prices in Pakistan by an average of 15% every quarter for the next year in a bid to bring them more in line with international rates. more... (ET)

Hedge trading in cotton: PCGA, others oppose SECP's decision

Security and Exchange Commission of Pakistan (SECP) has allowed the hedge trading in cotton unilaterally without consulting the other stakeholders like farmers, ginners, textile millers, spinners and weavers etc. A delegation of PCGA will call on Prime Minister Syed Yousuf Raza Gilani to apprise him of their grievances and reservations on the decision. more... (BR)

62.3 percent of wheat procurement target achieved

The district food department has achieved 62.3 percent of the wheat procurement target, here on Sunday. According to DFC Sufian Ahmed, district food department had established 12 centres to purchase wheat from farmers. He said the department has achieved 62.3 percent of the target while the remaining would be achieved by June 3. more. (BR)

 

 
Political

Saudi consulate employee shot dead in Karachi: embassy

A Saudi diplomat was shot dead in a drive-by shooting near the consulate in Karachi on Monday, the second attack on Saudi interests in Pakistan's biggest city in less than a week, officials said. more. (BR)

US to deploy troops if Pak nukes come under threat

US troops will be deployed in Pakistan if the nation's nuclear installations come under threat from terrorists out to avenge the killing of Osama bin Laden, the Sunday Express can reveal on Sunday.
more. (N)

Kerry arrives with ‘tough message

With Pak-US relationship at a crossroads, President Barack Obama's trouble-shooter for Af-Pak region Senator John Kerry landed in Islamabad on Sunday with his toughest yet diplomatic assignment in Pakistan as Chairman of Senate Foreign Relations Committee; this time for assessing if Pakistan could continue to be an ally. more (N)

 

 
GCC

DFM trading hits doldrums

Trading was concentrated on two property-related stocks on the Dubai Financial Market yesterday as the markets hit the doldrums ahead of the summer holidays. more. (Gulf Base)

Saudi social plan adds price fears

Saudi Arabian policymakers are facing a challenge as a US$129 billion (Dh473.81bn) social spending plan begins to stoke inflation. more. (Gulf Base)

Saudi to have fiscal surplus in 2011

Saudi Arabia is expected to overshoot planned spending by a staggering 45 per cent in 2011 but a projected surge in its oil income will turn a fiscal deficit into a surplus by the end of the year, the Gulf Kingdom's largest bank said on Monday. more. (Zawya)


 

Quote of the Day:

"Our business in life is not to get ahead of others, but to get ahead of ourselves -- to break our own records, to outstrip our yesterday by our today" – Steward B. Johnson





 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.03mn
US$ Reserves (Apr 30, 2011)
$17.01 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 (May 06, 2011)
Rs706.91bn
Inflation
CPI Gen. - YoY (Apr-11) 13.00%
   
CPI Gen. - FY11 (Jul- Apr 11) 14.08%
   
NFNE Core INFL - YoY (Apr 11) 9.40%
   
NFNE Core INFL -FY11 (Jul- Apr 11) 9.50%

Money Market

 
Price
Change
12-MAY-11
13-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.831
-0.41%
9.41%
9.52%
10.50
     
12-MAY-11
12-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
833.72
835.83
2.11

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.82
12.99
13.32
13.68
Offer
13.38
13.24
13.57
14.18

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.35
13.35
13.30
13.45
13.45
Low  
13.50
13.25
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.14
119.94
1.0481
138.03
23.18
1.70
0.42

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.30
13.55
13.75
Last Cut Off.
13.25
13.64
13.80
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.29
14.11
10 Y-PIB
13.95
13.80
14.27
14.12

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.17
3.36
3.36
3.67
5.47
7.98
13.17
13.80
Change bps
0.04
2.40
6.30
4.70
-3.50
-0.60
16.20
0.00

Commodities

     
12-MAY-11
13-MAY-11
change
WTI (USD/bbl)    
99.69
98.49
-1.20%
     
Brent (USD/bbl)    
114.30
112.99
-1.15%
     
Arab Light (USD/bbl)    
108.40
109.65
1.15%

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)
403.38
404.00
-0.15%
Urea Fertilizer (Rs/bag)
1,311.25
1,307.92
0.25%
Gold 24cr (Rs./10gm) Khi
41,442.00
41,100.00
0.83%
Rice IRRI -6(Rs/100kg)
3,552.00
3,504.00
1.37%
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)
1,495.02
1,505.90
-0.72%
Sugar 11 (USD/lb)
35.41
34.72
1.98%
Steel (USD/ton)
750.07
753.83
-0.50%
Wheat (CBT) (USD/bu)
737.50
700.50
5.28%
PTA (USD/ton)
1,255.00
1,390.00
-9.71%
Copper (USD/ton)
8,769.75
8712.00
0.66%

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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.