BasedLine
Date: 19-May-2011
KSE-100 Index
Previous Index 11,930.24
Current Index
11,884.61
Change % -0.38%
YTD (CY11) -1.15%
YTD (FY11) 22.25%
KSE-100 Index
Previous Index 20,156.01
Current Index 20,140.78
Change % -0.08%
YTD (CY11) 7.11%
YTD (FY11) 37.75%
International Indicators
 
Close
%age
BSE-30 18,086.20 -0.28
HANGSENG 23,011.14 0.48
NIKKEI 225 9,662.08 1.00
FTSE 5,923.49 1.10
DJIA 12,560.18 0.65
SSEC 2849.07 -0.77
NASDAQ 2,815.00 1.14
 
Close
%age
TASI 6,686.16 0.52
KSE(Kuwait) 6,491.00 -0.07
BSE 1,375.37 -0.18
MSM 6,033.44 -1.43
ADX 2,659.70 0.33
DFM 1,589.73 0.74
QSE 8,616.46 -0.11
Capital Market Overview

Market watch: Volumes fall to eight-month low

Volumes hit an eight-month low at the Karachi Stock Exchange on Wednesday as the bourse spent most of the day along the neutral line. more... (ET)

NAVs and Returns
as of May 18, 2011
Funds Offer Redemption
POAIIF
52.3336/-
51.8103/-
YTD Return
9.22%
POIAAF
64.55/-
62.94/-
YTD Return
21.87%
POAAAF
59.49/-
58.00/-
YTD Return
15.42%
POAF
11.09/-
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
34.17
2,924
26.69
1.24
-1.15%
KSE30
6.77
579
21.00
1.16
-0.35%
KMI30
5.09
436
10.33
0.84
7.11%
KSE All
36.87
3,155
36.77
1.31
-1.12%
May 18, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
205.06
110.74
-9.27%
OGDC
16.42
147.45
139.87
-12.50%
UBL
2.00
63.64
42.59
-6.73%
LUCK
1.70
69.77
36.20
-7.94%
May 18 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.57
(9.67)
(5.10)
Foreign Corporates
2,350.06
(95.23)
2,254.83
Overseas Paksitani
50.86
(59.05)
(8.19)
Grand Total
2,405.49
(163.95)
2,241.54
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
17-May-11
18-May-11
Change
Gross Buy
352.52
-34.97%
38.86
26.92%
0.84
2.40
185.71%
Gross Sell
-279.50
-7.78%
-10.87
-66.38%
-0.30
-0.16
46.67%
Net Buy/(Sell)
73.01
-70.05%
27.98
1717.77%
0.54
2.24
314.81%
S.C.R.A
Country
During the Year July 10 to Date
17-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
-
0.15
-0.15
Luxembourg
66.17
-
-
59.80
-
-
6.52
0.37
-
0.39
Switzerland
35.56
-
-
15.20
-
-
20.33
-
0.18
-0.18
UAE
5.67
0.18
-
7.34
-
-
0.65
-
-
0.47
UK
144.66
192.14
-
131.22
202.63
2.85
-2.96
-
-
0.25
USA
413.85
-
28.42
234.12
-
17.12
191.46
0.07
0.18
0.06
Total
751.21
192.43
38.23
511.11
202.63
21.54
245.94
0.61
1.62
0.38
News Clippings
Economy

Pakistan agrees with IMF on 14pc inflation, 2pc power hike in budget

Pakistan and the International Monetary Fund (IMF) have agreed to set the target of inflation at 14 percent in the upcoming budget. Pakistan has also assured the IMF that power tariff would be increased by 2 percent from June 1 more... (BR)

Small dams to help develop remote areas: Naveed Qamar

Federal Minister for Water and Power, Syed Naveed Qamar has said that development of 12 small dams will help socio-economic uplift of remote areas of the country. more... (BR)

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) – during the upcoming fiscal year, effectively burying the politically unpopular measure. more... (ET)


 

 
Company & Sector Update

Textile exports up by 32pc to $11.15bn in 10 months

Pakistan's textile exports have shown a significant growth of 32 percent to reach $11.148 billion in July-April, 2011 on the back of higher commodity prices in the international market, the official data showed on Wednesday. more... (N)

Water storage capacity to be raised by 20MAF

With Pakistan increasingly becoming water deficient, Indus River System Authority (Irsa) has drawn up plans for creating capacity to store an additional 20 million acre feet (MAF) of water on ‘war footing' to keep the economy floating. more... (D)

Faisalabad industry gas supply suspended

Gas supply to the industries in the city here has once again been suspended for three days under the so-called gas load management plan. more... (N)

 
Political

US should continue Pakistan aid: defense chief

Defense Secretary Robert Gates said Wednesday that continued American aid to Pakistan is of "significant" US interest, and that he saw "no evidence" Islamabad knew the whereabouts of Osama bin Laden before a US raid. more... (BR)

Secret deals with US not acceptable: Nisar

The government will have to finish inking secret deals with US. No behind-the-curtain agreements will be acceptable from now and onwards, these were the warning statements made by Chaudhry Nisar Ali Khan, the leader of opposition in National Assembly (NA) and the leader of Pakistan Muslim League Nawaz (PML-N), Geo News reported. more... (N)

China urges US to respect Pak sovereignty

China has asked the United States to respect Pakistan's sovereignty, understand its problems, address its concerns and acknowledge the sacrifices rendered by it in the war against terror. more... (D)

 

 
GCC

Oman stocks at 17mth low on earnings woes

Most Gulf Arab markets fell yesterday as Oman's bourse hit a 17-month low on low investor demand. In a ninth straight loss, Oman's index fell 1.4% to its lowest close since December 10, 2009 on muted buying interest after lower-than-expected earnings. more... (Gulf base)


GCC facilities management industry to grow to $10b by 2012

Emrill, the leading facilities management services provider in the UAE, has taken pole position as gold sponsors of the FM Expo 2011 which will conclude today, indicating the company's leadership role in implementing and utilising innovative technologies for integrated facilities management in the country's highly competitive FM and support services sector. more... (Zawya)

Investors eye downstream petrochemical opportunities based on paraxylene

Government's efforts to support the development of a vibrant downstream petrochemicals sector are likely to get a further boost with investors keenly eyeing the potential for investment centring on the use of indigenously produced paraxylene as feedstock. more... (Zawya)


 

Quote of the Day:

" Financial education needs to become a part of our national curriculum and scoring systems so that it's not just the rich kids that learn about money.. it's all of us." – David Bach





 

 
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
17-MAY-11
18-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.44
0.21%
9.68%
9.63%
-5.10
     
17-MAY-11
18-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
840.93
840.23
-0.70

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.89
13.01
13.33
13.68
Offer
13.39
13.26
13.58
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  
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
85.60
121.91
1.06
138.42
23.30
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
1.03
3.04
3.01
3.28
5.31
8.29
12.81
13.80
Change bps
1.50
3.00
6.50
2.00
-4.40
0.90
-3.50
0.00

Commodities

     
17-MAY-11
18-MAY-11
change
WTI (USD/bbl)    
97.80
99.86
2.11%
     
Brent (USD/bbl)    
110.80
121.11
9.31%
     
Arab Light (USD/bbl)    
106.43
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)
1,495.90
1,492.30
0.24%
Sugar 11 (USD/lb)
21.93
21.77
0.73%
Steel (USD/ton)
750.24
749.89
0.05%
Wheat (CBT) (USD/bu)
808.50
774.25
4.42%
PTA (USD/ton)
1,210.00
1,255.00
-3.59%
Copper (USD/ton)
9,043.00
8,776.50
3.04%

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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.