BasedLine
Date: 18-May-2011
KSE-100 Index
Previous Index 11,902.12
Current Index
11,930.24
Change % 0.24%
YTD (CY11) -0.77%
YTD (FY11) 22.71%
KSE-100 Index
Previous Index 20,126.30
Current Index 20,156.01
Change % 0.15%
YTD (CY11) 7.19%
YTD (FY11) 37.86%
International Indicators
 
Close
%age
BSE-30 18,137.35 -1.13
HANGSENG 22,901.10 -0.30
NIKKEI 225 9,567.02 0.10
FTSE 5,861.00 -1.10
DJIA 12,479.42 -0.55
SSEC 2849.07 -0.77
NASDAQ 2,783.21 0.03
 
Close
%age
TASI 6,651.37 0.26
KSE(Kuwait) 6,495.60 0.42
BSE 1,377.89 0.03
MSM 6,120.75 -0.22
ADX 2,650.88 0.37
DFM 1,578.08 0.99
QSE 8,626.02 -0.63
Capital Market Overview

Market watch: Kerry comments on Pak-US ties lift bourse

The stock market bounced back on Tuesday in line with expectations on the back of positive statements given by Senator John Kerry on Pakistan-US ties, analysts said. more... (ET)

NAVs and Returns
as of May 17, 2011
Funds Offer Redemption
POAIIF
52.1743/-
51.6526/-
YTD Return
8.89%
POIAAF
64.55/-
62.94/-
YTD Return
21.87%
POAAAF
59.50/-
58.01/-
YTD Return
15.44%
POAF
11.08/-
YTD Return
10.35%
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
34.13
2,935
42.30
1.31
-0.77%
KSE30
6.75
580
27.81
1.21
-0.11%
KMI30
5.07
436
17.49
0.92
7.19%
KSE All
36.81
3,166
63.35
1.40
-0.77%
May 17, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
204.42
110.74
-9.55%
OGDC
16.42
148.59
139.87
-11.82%
UBL
2.00
63.94
42.59
-6.29%
LUCK
1.70
69.66
36.20
-8.09%
May 17 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.16
(0.94)
(3.22)
Foreign Corporates
672.67
(205.40)
467.27
Overseas Paksitani
163.45
(94.22)
69.23
Grand Total
840.29
(300.55)
539.74
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
16-May-11
17-May-11
Change
Gross Buy
350.11
-34.86%
36.45
-93.22%
2.07
0.84
-59.42%
Gross Sell
-279.34
-7.39%
-10.71
-96.45%
-0.43
-0.30
-30.23%
Net Buy/(Sell)
70.77
-70.59%
25.74
-89.30%
1.64
0.54
-68.90%
S.C.R.A
Country
During the Year July 10 to Date
16-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
0.01
0.09
-0.08
Luxembourg
66.17
-
-
59.80
-
-
6.52
0.01
-
0.15
Switzerland
35.56
-
-
15.20
-
-
20.33
-
-
UAE
5.67
0.18
-
7.34
-
-
0.65
-
-
-
UK
144.66
192.14
-
131.22
202.63
2.85
-2.96
0.29
0.12
0.17
USA
413.85
-
28.42
234.12
-
17.12
191.46
2.84
0.01
3.28
Total
750.61
192.43
38.23
508.87
202.63
21.54
246.79
3.25
0.23
3.63
News Clippings
Economy

Budget 2012: IMF agrees to drop RGST demand

Pakistan has managed to convince the International Monetary Fund (IMF) to drop its demand for Islamabad to levy the value added tax – also referred to as the reformed general sales tax (RGST). more... (ET)

July-April current account shows $748 million surplus

The country's current account has become surplus by $748 million in ten months of current fiscal year 2010-11 as a result of massive inflows of home remittance and rise in exports. more... (BR)

Widening the tax net: Revenue automation body, NADRA to merge

In order to improve the tax to GDP ratio and expand the tax net, the federal government has decided to merge Pakistan Revenue Automation Limited (PRAL) with the National Database and Registration Authority (NADRA). more... (ET)

Four percent fiscal deficit set for fiscal year 2012: IMF talks end on positive note

Talks on economic agenda by government officials with IMF concluded on a constructive note in Dubai where the Fund on Monday accorded approval to next year's budgetary framework more... (BR)

Pakistan building new reactor

Recent satellite images indicate Pakistan is building a fourth reactor to make plutonium at its Khushab facility, Fox News reported. more... (DT)

 

 
Company & Sector Update

Power plan for industry on the cards

The government is considering increasing electricity tariff for the residential categories of up to 100 units and may offer "no load shedding" to the industrial consumers who are ready to pay double of the existing electricity tariff. more... (BR)

Thar coal: ‘Influential elements hindering project'

Sindh Minister for Finance Syed Murad Ali Shah has said that influential elements are obstructing the plan for effective utilisation of Thar coal . He said that despite the presence of 185 billion tons of coal reserves in Thar that could churn out thousands of megawatts of electricity, the country continues to face growing spells of power outages. more... (ET)

Rules violations: Ogra penalises OMCs' outlets, CNG stations

The Oil and Gas Regulatory Authority (Ogra) has issued three show-cause notices to different companies, imposed fine on nine CNG stations on account of violation of rules, and suspended connections of 7 retail outlets of oil marketing companies (OMC). more... (BR)

 
Political

Gilani's China visit hurts ties: US senator

Prime Minister Yousuf Raza Gilani's visit to China, which he declared his country's best friend, makes it harder to sell an angry US public on aid to Islamabad, a key US senator said Tuesday. "Frankly, I'm getting tired of it, and I think Americans are getting tired of it as far as shoveling money in there at people who just flat don't like us," said Republican Senator James Risch. more... (BR)

Nisar slams govt over new ‘code of conduct'

Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan on Tuesday demanded an explanation from civil and military authorities on their newly agreed ‘code of conduct' with US, without taking Parliament and the people into confidence. more... (ET)

18th Amendment implementation: 7 ministries set to go in provincial hands by June 30

Due to delay in devolving ministries of sports, environment and women development under the third phase of the process, the implementation commission on the 18th Amendment has decided to devolve them under the fourth phase, along with four other ministries, in June. more... (ET)

 

 
GCC

DFM-Egypt cross-trade aims to boost liquidity

The move to allow companies to cross-trade on the Dubai Financial Market (DFM) and Egypt's benchmark index will prove beneficial for both sides, analysts and industry leaders said. more... (Zawya)


Qatar Exchange introduces DvP Post-Trade mechanism

Qatar Exchange (QE) yesterday announced that it has successfully completed the introduction of the full Delivery Vs Payment (DvP) Post-Trade mechanism, following the first phase, which went live on more... (Zawya)

Qatar on track to become major GCC bond market

Qatar will emerge as a major bond market in the GCC in the coming years as it provides opportunities for long-term investments and the massive infrastructure development in the region creates demand for such debt instruments, according to Doha Bank. more... (Gulf Base)


 

Quote of the Day:

" The new source of power is not money in the hands of a few, but information in the hands of many" – John Naisbitt





 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
4.10%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.05mn
US$ Reserves (May 7, 2011)
$17.01 bn
Trade Balance (Jul 10- Apr 11)
($12.11bn)
Curr. A/C (Jul 10-Mar 11)
$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
16-MAY-11
17-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.25
-0.82%
9.48%
9.68%
20.80
     
16-MAY-11
17-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
836.84
840.93
4.09

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.90
13.00
13.31
13.67
Offer
13.40
13.25
13.56
14.17

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  
12.75
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
85.37
120.05
1.056
137.85
23.20
1.71
0.41

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.05
13.40
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
1.03
3.01
2.94
3.26
5.36
8.28
12.85
13.80
Change bps
1.50
-2.50
-3.10
-1.90
5.50
0.00
5.60
0.00

Commodities

     
16-MAY-11
17-MAY-11
change
WTI (USD/bbl)    
97.15
97.80
0.67%
     
Brent (USD/bbl)    
110.63
110.80
0.15%
     
Arab Light (USD/bbl)    
109.65
106.43
-2.93%

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
41,442.00
41,400.00
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)
1,492.30
1,493.40
-0.07%
Sugar 11 (USD/lb)
21.93
21.77
0.73%
Steel (USD/ton)
750.24
749.89
0.05%
Wheat (CBT) (USD/bu)
774.25
735.00
5.34%
PTA (USD/ton)
1,210.00
1,255.00
-3.59%
Copper (USD/ton)
8,776.50
8,816.00
-0.45%

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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.