BasedLine
Date: 24-May-2011
KSE-100 Index
Previous Index 11,973.38
Current Index
12,030.64
Change % 0.48%
YTD (CY11) 0.07%
YTD (FY11) 23.75%
KSE-100 Index
Previous Index 20,296.86
Current Index 20,431.03
Change % 0.66%
YTD (CY11) 8.65%
YTD (FY11) 39.74%
International Indicators
 
Close
%age
BSE-30 17,933.33 1.82
HANGSENG 22,711.02 2.11
NIKKEI 225 9,460.98 1.50
FTSE 5,835.89 1.90
DJIA 12,381.26 1.05
SSEC 2,906.00 -2.93
NASDAQ 2,758.90 1.58
 
Close
%age
TASI 6,702.76 -0.71
KSE(Kuwait) 6,443.40 -0.74
BSE 1,364.04 -0.04
MSM 6,070.93 0.11
ADX 2,631.83 -0.56
DFM 1,546.65 -2.03
QSE 8,441.35 -1.92
Capital Market Overview

Market watch: Bourse firms despite deadly attack in city

The stock market firmed on Monday led by oil stocks despite a deadly attack on a naval base in the city. The Karachi Stock Exchange (KSE) benchmark 100-share index gained 0.48 per cent or 57.26 points to end at 12,030.64 points. more... (ET)

NAVs and Returns
as of May 23, 2011
Funds Offer Redemption
POAIIF
52.4006/-
51.8766/-
YTD Return
9.22%
POIAAF
64.73/-
63.11/-
YTD Return
22.20%
POAAAF
59.62/-
58.13/-
YTD Return
15.68%
POAF
11.10/-
YTD Return
10.34%
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
34.38
2,956
35.00
1.87
0.07%
KSE30
6.80
584
23.63
1.75
0.61%
KMI30
5.11
439
14.96
1.09
8.65%
KSE All
37.08
3,188
40.28
1.93
0.05%
May 23, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.73
111.63
0.28%
OGDC
16.32
149.95
140.14
-27.30%
UBL
2.00
64.94
42.94
0.28%
LUCK
1.70
70.01
36.49
0.28%
May 23 , 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
1.47
(11.92)
(898.55)
Foreign Corporates
1588.79
(1,613.14)
(2,094.44)
Overseas Pakistani
89.87
(108.09)
(1,566.67)
Grand Total
1680.13
(1,733.15)
(4,559.66)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
20-May-11
23-May-11
Change
Gross Buy
355.85
-35.45%
42.19
-42.76%
1.70
0.69
-59.41%
Gross Sell
-285.29
-8.01%
-16.66
-66.18%
-1.73
-2.90
67.63%
Net Buy/(Sell)
70.56
-71.32%
25.53
2.03%
-4.60
-2.21
-52.00%
S.C.R.A
Country
During the Year July 10 to Date
20-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
55.21
0.10
-
37.90
-
-
17.42
-
-
-
Luxembourg
67.50
-
-
59.93
-
-
7.70
0.32
-
0.32
Switzerland
37.03
-
-
15.40
-
-
21.61
1.33
-
-1.30
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
145.30
192.14
-
131.52
202.63
2.85
-2.60
-
0.08
-0.08
USA
415.20
-
28.45
235.90
-
17.12
190.80
0.50
0.01
0.50
Total
756.00
192.43
40.92
512.50
202.63
21.54
249.71
2.19
0.09
4.80
News Clippings
Economy

Economic Survey 2010-11 to mislead with inflated figures

Economic wizards and mandarins of the incumbent regime have come up with yet another novel way to hoodwink the over 175 million people of Pakistan. In the Economic Survey of 2010-11, to be unveiled on June 1 or 2 by finance minister Dr Hafeez A Sheikh, the size of Gross Domestic Product (GDP) has been inflated to $210 billion and per capita income to almost $1,165 per year. more... (N)

Vegetable, fruit exports increase 104pc, 14.66pc

Vegetable exports from the country surged by 103.65 percent during the first ten months of the current fiscal year against the same period of last year, Federal Bureau of Statistics (FBS) reported. more... (BR)

Govt begins work on civil service reforms

The government, following in the footsteps of its predecessors, has started working on civil service reforms to improve governance and service delivery, starting with cash payments to senior government officers in lieu of free housing, transport and utility entitlement. more... (D)

Trust deficit between taxpayers, IT Deptt. to go

The trust deficit between the taxpayers and the Income Tax Department would be removed for widening the tax net. more... (N)


 

 
Company & Sector Update

Prices firm in thin business on cotton market

Firmness prevailed on the cotton market on Monday in process of thin business as a result of ginners' not being interested in bringing down the rates, brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. more... (BR)

Oil rebounds in Asia on higher Chinese demand

Oil rebounded in Asian trade Tuesday on surging crude demand from China, the world's second-largest economy, analysts said. more... (N)

Gold firms to two week high as euro debt worries linger

Gold firmed to its highest level in almost two weeks on Tuesday on worries that Europe's debt crisis was spreading out of control, sending euro-denominated bullion to a record above 1,081 euros an ounce. more... (BR)

30pc GST likely on commercial, industrial power

The government is considering a proposal to increase the rate of general sales tax from 17 to 30 per cent for industrial and commercial users of electricity in the next budget to raise additional revenue. more... (D)

 
Political

Taking stock: Cabinet's defence body meets tomorrow

Prime Minister Syed Yousaf Raza Gilani has convened the cabinet committee on defence followed by a meeting of the federal cabinet on Wednesday (May 25) to review the national security situation arising in the wake of the fresh terrorist assault in Karachi and the US operation in Abbottabad. more... (ET)

US condemns attack on Pak naval base

The United States on Monday condemned a deadly attack on a naval base in Karachi, saying it showed the need for Pak-US cooperation despite differences between both sides. more... (N)

Hillary says Pakistan has hard choices to make

US Secretary of State Hillary Clinton reiterated that Pakistan has hard choices to make and the international community is ready to help her overcome challenges posed by the terrorists and militants. more... (N)

 

 
GCC

UAE economy grows 3.3% amid regional uncertainty

The UAE economy is recovering in an increasingly uncertain regional environment, the International Monetary Fund (IMF) yesterday said. more... (Zawya)

Sell, sell, sell on Dubai bourse forces shares down

Dubai's market retreated to its lowest point in more than a month as concerns over the global and regional economy prompted investors to sell their shares. more... (Gulbase)

Oman government offices set on fire, guard killed

Miscreants in Sur, east of Muscat, set two government offices on fire in the early hours on Monday, according to residents of the coastal town. more... (Gulf News)


 

Quote of the Day:

" For every sale you miss because you're too enthusiastic, you will miss a hundred because you're not enthusiastic enough "- Zig Ziglar




 

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
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
20-MAY-11
23-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
89.325
-0.28%
9.88%
9.95%
7.30
     
20-MAY-11
23-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
846.40
862.50
16.11

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.09
13.15
13.44
13.70
Offer
13.59
13.40
13.69
14.20

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.50
13.50
13.30
13.30
13.45
13.45
Low  
13.00
13.30
13.10
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.70
121.23
1.05
139.03
23.32
1.57
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.20
13.58
13.82
Last Cut Off.
13.21
13.60
13.84
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
14.05
13.90
14.11
14.07
10 Y-PIB
13.60
13.45
14.12
14.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.02
2.93
2.95
3.20
5.24
8.34
12.77
13.45
Change bps
0.70
-4.60
-2.50
-4.40
-4.90
-0.80
0.00
0.00

Commodities

     
20-MAY-11
23-MAY-11
change
WTI (USD/bbl)    
98.39
98.41
-0.46%
     
Brent (USD/bbl)    
110.61
110.92
-0.91%
     
Arab Light (USD/bbl)    
108.75
106.20
0.55%

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)
1,325.83
1,311.25
1.11%
Gold 24cr (Rs./10gm) Khi
42,214.00
41,914.00
0.72%
Rice IRRI -6(Rs/100kg)
3,325
3,339.00
-0.42%
KCA Cotton (Rs/mound)
8,500.00
9000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
117.10
117.15
-0.04%
Gold Futures (USD/oz)
1,518.70
1,508.00
0.71%
Sugar 11 (USD/lb)
21.51
22.40
-3.97%
Steel (USD/ton)
747.63
750.62
-0.39%
Wheat (CBT) (USD/bu)
806.00
816.75
-1.32%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
8,776.00
9,049.75
-3.02%

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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.