BasedLine
Date: 17-May-2011
KSE-100 Index
Previous Index 11,967.34
Current Index
11,902.12
Change % -0.54%
YTD (CY11) -1.00%
YTD (FY11) 22.43%
KSE-100 Index
Previous Index 20,215.54
Current Index 20,126.30
Change % -0.44%
YTD (CY11) 7.03%
YTD (FY11) 37.66%
International Indicators
 
Close
%age
BSE-30 18,345.03 -1.01
HANGSENG 23,116.87 -0.68
NIKKEI 225 9,558.30 -0.90
FTSE 5,923.69 -0.04
DJIA 12,548.37 -0.38
SSEC 2849.07 -0.77
NASDAQ 2,782.31 1.63
 
Close
%age
TASI 6,634.03 -0.85
KSE(Kuwait) 6,468.50 0.43
BSE 1,377.41 -0.40
MSM 6,134.06 -0.29
ADX 2,641.23 -0.52
DFM 1,562.58 -1.44
QSE 8,680.55 0.16
Capital Market Overview

Market watch: Investors opt to sell amid low volumes

Investors preferred to sell shares at the Karachi Stock Exchange (KSE) on the first trading session of the week on Monday ahead of crucial talks between US Senator John Kerry and government officials.The benchmark KSE 100-share index fell 0.55 per cent or 65.23 points to end at 11,902.12 points. more... (ET)

NAVs and Returns
as of May 16, 2011
Funds Offer Redemption
POAIIF
52.1598/-
51.6382/-
YTD Return
8.88%
POIAAF
64.52/-
62.91/-
YTD Return
21.82%
POAAAF
59.48/-
57.99/-
YTD Return
15.40%
POAF
11.08/-
YTD Return
10.36%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Apr-11 Mar-11
MoM(%)
AUM's (PKR bn) 208.80 198.91 4.97%
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
34.06
2,929
32.69
1.03
-1.00%
KSE30
6.73
579
22.11
0.92
-0.28%
KMI30
5.07
435
12.58
0.72
7.03%
KSE All
36.73
3,158
44.90
1.09
-1.03%
May 16, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
203.80
110.74
-9.82%
OGDC
16.42
148.49
139.87
-11.88%
UBL
2.00
63.92
42.59
-6.32%
LUCK
1.70
69.89
36.20
-7.78%
May 16 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.58
(4.77)
(2.19)
Foreign Corporates
1953.44
(331.30)
1622.16
Overseas Paksitani
110.52
(89.92)
20.60
Grand Total
2066.54
(425.96)
1640.58
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
13-May-11
16-May-11
Change
Gross Buy
349.27
-34.75%
35.61
-24.90%
1.52
2.07
36.20%
Gross Sell
-279.04
-6.94%
-10.41
-59.69%
-0.57
-0.43
-24.60%
Net Buy/(Sell)
70.23
-70.75%
25.20
836.90%
0.95
1.64
72.63%
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

Pakistan's July-April foreign investment falls 8.6 percent

Net foreign investment in Pakistan fell 8.6 percent to $1.534 billion in the first 10 months of the 2010/11 fiscal year because of a decrease in foreign direct investment, the central bank said on Monday. more. (BR)

People facing multi-pronged problems: Nawaz Sharif

PML (N) leader Mian Muhammad Nawaz Sharif has said that the Nation still faced a host of multi-pronged problems like unemployment and loadsheldding, also advising the government "not to make enemies at the international level". more. (BR)

Income of Rs300,000 to stay non-taxable

In the upcoming federal budget income up to Rs300,000 will remain exempted from tax while the proposal for increasing rate of tax on withdrawal of more than Rs25,000 from banks has been turned down, Geo News reported Monday. more. (N)

 

 
Company & Sector Update

KESC pleas for tariff hike opposed

May 16: Major stakeholders have strongly opposed the KESC demand for monthly and quarterly increase in tariff on account of variations in cost of fuel and power purchased from the National Transmission & Despatch Company (NTDC). more... (D)

12 percent rise in power tariff during 2011-12

The government is likely to raise power tariff by a maximum of 12 per cent during the next fiscal aimed to minimise the differential between the existing tariffs of Discos'' and cost recovery, well-informed sources told Business Recorder . The government recently increased power tariff of Discos by two per cent across the board and two per cent is expected next month. more... (BR)

THE RUPEE: all-round decline

Bearish sentiment was seen on the currency market on Monday as the rupee fell against dollar and euro, dealers said. To clear the payments, importers' rush for dollar buying increased before the end of out-going fiscal year, money experts said. more. (BR)

 

 
Political

Pak-US ties too valuable to be severed: US Senator John Kerry

US Senator John Kerry has said that the relationship between Pakistan and United States is too valuable to be sacrificed. more. (BR)

Gilani starts China trip with US ties tested

Pakistan Prime Minister Yousuf Raza Gilani begins an official visit to China on Tuesday with the US killing of Osama bin Laden expected to push Islamabad to seek closer ties with Beijing. more. (D)

President advised to shun party activities

President Asif Ali Zardari has been advised by his legal and political aides to suspend his political activities as the co-chairperson of the PPP forthwith as the recent LHC order on dual office is in operation unless the same is suspended by the apex court. more (N)

 

 
GCC

Dubai stock market hits five-week low

Dubai Bank's takeover by the government drove the emirate's bourse to a five-week low yesterday, while bargain hunters looked beyond political uncertainty to lift Egypt to its sixth straight gain. more. (Gulf Base)

Joint Oman-UK working committee holds first meeting

Sultan Qaboos Bin Saeed on Sunday gave an audience to Alistair Burt, Parliamentary Under-Secretary of State for the Middle East Affairs at the British Foreign and Commonwealth Office at the Bait Al Baraka. more. (Gulf News)

Buoyancy elsewhere, but property slumps

The UAE appears to have benefited from its safe haven status in the first quarter. The tourism and logistics sectors performed strongly, with airlines operating at near-capacity, hotels reporting above-average occupancies, and malls attracting record numbers of shoppers. more. (Gulf Base)


 

Quote of the Day:

"You can't do today's job with yesterday's methods and be in business tomorrow" – Anonymous





 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.05mn
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
13-MAY-11
16-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.9931
0.18%
9.52%
9.48%
-4.30
     
13-MAY-11
16-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
835.83
836.84
1.01

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.86
13.00
13.31
13.68
Offer
13.36
13.25
13.56
14.18

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.20
13.00
13.30
13.45
13.45
Low  
13.50
13.00
12.70
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.35
121.73
1.0551
138.43
23.24
1.71
0.41

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.05
13.46
13.74
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
3.04
2.97
3.28
5.30
8.28
12.79
13.80
Change bps
1.30
3.70
-2.70
1.70
-3.50
0.80
0.00
0.00

Commodities

     
13-MAY-11
16-MAY-11
change
WTI (USD/bbl)    
98.49
97.15
-1.36%
     
Brent (USD/bbl)    
112.99
110.63
-2.10%
     
Arab Light (USD/bbl)    
107.04
109.65
2.44%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
97.31
92.89
4.76%
Furnace Oil (Rs/ton)
69,658.29
71,598.15
-2.71%
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
41,400.00
41,442.00
-0.10%
Rice IRRI -6(Rs/100kg)
3,522.00
3,552.00
-0.84%
KCA Cotton (Rs/mound)
8,500.00
9000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
117.15
120.85
-3.06%
Gold Futures (USD/oz)
1,493.40
1,495.02
-0.11%
Sugar 11 (USD/lb)
21.77
35.41
-38.52%
Steel (USD/ton)
749.89
750.07
-0.03%
Wheat (CBT) (USD/bu)
735.00
700.50
4.93%
PTA (USD/ton)
1,210.00
1,255.00
-3.59%
Copper (USD/ton)
8,816.00
8769.75
0.53%

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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.