BasedLine
Date: 20-May-2011
KSE-100 Index
Previous Index 11,884.61
Current Index
11,878.81
Change % -0.05%
YTD (CY11) -1.19%
YTD (FY11) 22.19%
KSE-100 Index
Previous Index 20,141.39
Current Index 20,140.78
Change % 0.00%
YTD (CY11) 7.11%
YTD (FY11) 37.76%
International Indicators
 
Close
%age
BSE-30 18,141.40 0.31
HANGSENG 23,163.38 0.66
NIKKEI 225 9,620.82 -0.43
FTSE 5,955.99 0.55
DJIA 12,605.32 0.36
SSEC 2849.07 -0.77
NASDAQ 2,823.31 0.30
 
Close
%age
TASI 6,686.16 0.52
KSE(Kuwait) 6,475.50 -0.24
BSE 1,371.65 -0.27
MSM 6,048.33 0.25
ADX 2,654.82 -0.18
DFM 1,583.01 -0.42
QSE 8,636.79 0.24
Capital Market Overview

Market watch: Another dull session as bourse ends flat

The stock market witnessed another dull session with the index trading in a narrow range of 40 points ahead of two key events, the monetary policy and the annual budget. more... (ET)

NAVs and Returns
as of May 19, 2011
Funds Offer Redemption
POAIIF
52.3478/-
51.8243/-
YTD Return
9.22%
POIAAF
64.57/-
62.96/-
YTD Return
21.91%
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
33.98
2,922
23.57
1.29
-1.19%
KSE30
6.73
578
16.15
1.20
-0.41%
KMI30
5.06
436
9.23
0.84
7.11%
KSE All
36.67
3,154
40.08
1.39
-1.15%
May 19, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
206.06
110.74
-8.82%
OGDC
16.42
147.
139.87
-13.07%
UBL
2.00
63.64
42.59
-6.26%
LUCK
1.70
69.77
36.20
-8.01%
May 19 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
4.72
(3.65)
1.07
Foreign Corporates
754,94
(1,016.17)
-261.23
Overseas Pakistani
200,33
(137.92)
62.41
Grand Total
959.99
(1,157.74)
-197.75
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
18-May-11
19-May-11
Change
Gross Buy
353.47
-35.20%
39.82
-41.37%
2.40
0.96
-60.00%
Gross Sell
-280.66
-7.76%
-12.03
-72.27%
-0.16
-1.16
-625.00%
Net Buy/(Sell)
72.82
-70.42%
27.78
10.62%
2.24
-0.19
-91.51%
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

Accord on economic, fiscal measures reached with IMF

Pakistan and International Monetary Fund have reached a broad agreement on fiscal and economic measures whose successful implementation in the coming budget will be a precondition for disbursement of $1.7 billion tranche in July. more... (D)

IMF not buying government narrative on RGST

The International Monetary Fund (IMF) is unlikely to be satisfied with any further delay (beyond fiscal year 2011-12) in the implementation of the Reformed General Sales tax (RGST) contrary to the claim of the Ministry of Finance, it was reliably learnt. more... (BR)

Exports cross $20 billion mark in July-April fiscal year 2011

Pakistan's exports, first time ever in the country's history, have crossed the $20 billion mark in the first 10 months of the current financial year. According to the latest trade figures. more... (BR)


 

 
Company & Sector Update

Gas diversion: Govt, fertiliser firms meet to finalise accord

The Ministry of Petroleum and representatives of fertiliser companies and Independent Power Plants (IPPs) met on Thursday to finalise an agreement to divert 40 million cubic feet per day (mmcfd) of gas from the power sector to fertiliser plants. more... (ET)

Qamar rules out privatisation of power firms

Federal Water and Power Minister Syed Naveed Qamar has ruled out privatisation of power companies and pledged that competent people will be hired to make these companies efficient. more... (ET)

Circular debt swells to Rs 218 billion

Energy sector's circular debt has reportedly reached Rs 218 billion, in addition to Rs about 280 billion already on the books of Power Holding Company Limited (PHCL). Out of this total Rs 121 billion is payable to Independent Power Producers (IPPs) that are, in turn, facing liquidity problems that disables them from paying to Pakistan State Oil (PSO) and gas companies more... (BR)

 
Political

National respect: Sharif calls for ending status quo

In what appears to be a preview of his election stump speech, PML-N chief Nawaz Sharif lashed out at the establishment and said that the time has come to end the status quo and make a fresh start. more... (ET)

‘Illegally' elected lawmakers: Supreme Court asks govt to resolve dilemma

The Supreme Court cautioned the government to justify the constitutional status of parliamentarians elected in bye-polls after the ratification of the 18th Amendment within three weeks, in view of its constitutional obligations, failing which it would have to comply with the court's directive. more... (ET)

US envoy repairs some dents in ties

The US Special Envoy for Afghanistan and Pakistan was on Thursday able to cement the progress made by Senator John Kerry in his ice-breaking talks with Pakistani leadership earlier in the week and it was obvious that the two sides had agreed to continue to work together for the Afghan endgame while they tried to sort out their bilateral differences. more... (D)

 

 
GCC

KSE equities rally as real estate looks up

Kuwait Stock Exchange closed yesterday on a positive note. All the action was in the Real Estate Sector during with companies taking the spot in terms of top gainers, top losers, top volume and top value lists. more... (Zawya)

Oman: MSM30 continues downward spiral

The MSM30 Index's downward trend continued on Tuesday as it fell 0.22 per cent to close at 6,120.75 points, pressured by banks and financial companies. Investor trading appetite remained relatively low on caution amid global factors, with 6.75mn shares exchanging hands for a turnover of RO3.31m. more... (Zawya)

Emaar profit seen hit by Dubai Bank write-off

Emaar Properties said it will write off its investment in Dubai Bank, valued at about 172 million United Arab Emirates (UAE) dirhams (46.8 million US dollars), a move expected to further erode the company's profits in the short-term, analysts said. more... (Gulfbase)


 

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 (May 14, 2011)
$16.97bn
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 13, 2011)
Rs712.05bn
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
18-MAY-11
19-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
90.27
-0.19%
9.63%
9.68%
-4.90
     
18-MAY-11
19-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
840.23
840.73
0.50

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.03
13.12
13.43
13.70
Offer
13.53
13.37
13.68
14.20

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.50
13.00
13.30
13.43
13.45
Low  
13.90
13.20
12.70
13.05
13.68
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.60
122.04
1.05
138.19
23.25
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
1.04
3.04
2.99
3.29
5.31
8.32
12.77
13.80
Change bps
0.90
-0.40
-1.10
0.60
0.00
3.60
-4.30
0.00

Commodities

     
18-MAY-11
19-MAY-11
change
WTI (USD/bbl)    
99.86
98.85
-1.01%
     
Brent (USD/bbl)    
112.02
111.63
-0.34%
     
Arab Light (USD/bbl)    
109.33
108.16
-1.07%

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
41,528.00
41,442.00
0.21%
Rice IRRI -6(Rs/100kg)
3,560.00
3,536.00
0.68%
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)
1,496.30
1,495.90
0.03%
Sugar 11 (USD/lb)
21.82
21.93
-0.50%
Steel (USD/ton)
750.08
749.42
-0.04%
Wheat (CBT) (USD/bu)
816.75
808.50
1.02%
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.