BasedLine
Date: 27-May-2011
KSE-100 Index
Previous Index 12,168.12
Current Index
12,198.12
Change % 0.25%
YTD (CY11) 1.46%
YTD (FY11) 25.47%
KSE-100 Index
Previous Index 20,675.87
Current Index 20,690.55
Change % 0.07%
YTD (CY11) 10.03%
YTD (FY11) 41.51%
International Indicators
 
Close
%age
BSE-30 18,044.60 1.11
HANGSENG 23,026.50 0.70
NIKKEI 225 9,562.05 1.50
FTSE 5,880.99 0.20
DJIA 12,402.80 0.07
SSEC 2,736.53 -0.19
NASDAQ 2,782.92 0.78
 
Close
%age
TASI 6,723.64 0.19
KSE(Kuwait) 6,374.10 0.07
BSE 1,359.45 -0.34
MSM 5,980.15 -0.81
ADX 2,598.23 -0.08
DFM 1,534.35 0.52
QSE 8,400.40 0.71
Capital Market Overview

Market watch: Bourse rises for fifth straight day

The stock market continued its upward trend for the fifth straight day on Thursday amid investor interest staying upbeat before the budget. The Karachi Stock Exchange's (KSE) benchmark 100-share index rose 0.25 per cent or 30 points to end at 12,198.12 point level. more... (ET)

NAVs and Returns
as of May 27, 2011
Funds Offer Redemption
POAIIF
52.4420/-
51.9176/-
YTD Return
9.22%
POIAAF
64.77/-
63.15/-
YTD Return
22.28%
POAAAF
59.72/-
58.23/-
YTD Return
15.88%
POAF
11.11/-
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
34.90
2,997
78.10
3.91
1.46%
KSE30
6.89
592
45.20
3.50
2.02%
KMI30
5.17
445
24.80
2.64
10.03%
KSE All
37.61
3,235
101.52
4.14
1.51%
May 26, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
210.04
111.33
-7.06%
OGDC
14.00
150.55
119.90
-10.66%
UBL
2.00
64.98
42.82
-4.76%
LUCK
1.70
71.06
36.40
-6.27%
May 26, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
8.27
(13.43)
(5.16)
Foreign Corporates
1,405.66
(2,208.61)
(802.95)
Overseas Pakistani
263.26
(315.26)
(52.00)
Grand Total
1,677.19
(2,537.30)
(860.11)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
25-May-11
26-May-11
Change
Gross Buy
360.43
-35.50%
46.80
-42.10%
1.71
1.70
-0.60%
Gross Sell
-291.10
-8.73%
-22.42
-61.40%
-2.50
-2.60
4.00%
Net Buy/(Sell)
69.37
-71.60%
24.34
4.60%
-0.80
-0.90
12.50%
S.C.R.A
Country
During the Year July 10 to Date
25-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
0.20
0.22
-0.20
Switzerland
37.03
-
-
15.40
-
-
21.61
-
-
-
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
145.30
192.14
-
131.52
202.63
2.85
-2.60
0.50
0.80
-0.74
USA
415.20
-
28.45
235.90
-
17.12
190.80
1.60
0.82
0.80
Total
756.00
192.43
40.92
512.50
202.63
21.54
249.71
1.70
2.50
-0.80
News Clippings
Economy

Govt finalises budget with size estimated at Rs3.8trn

The government has finalised a consolidated budget of Rs3.854 trillion for the next financial year, envisaging a revenue of Rs2.787 trillion, fiscal deficit of Rs912 billion and provincial transfers of Rs1.224 trillion. more... (D)

ECNEC approves 53 projects worth Rs478bn

The Executive Committee of the National Economic Council (ECNEC) here on Thursday approved 53 projects costing over Rs.478 billion, including the foreign exchange component of Rs.172 billion. more... (BR)

Budget 2012: Govt expenses to rise by 7%

The government is likely to allocate Rs205 billion to cover the cost of running its own business, a figure that is almost 7% higher than this year's budget, and 16% higher if the expenses of the 18 ministries to be devolved next year are taken into account. more... (ET)

Rs280bn to be allocated for PSDP: Deputy Chairman PC

Deputy Chairman Planning Commission (PC) Dr Nadeem-ul-Haq has said that Rs280 billion would be allocated for Public Sector Development Programme (PSDP) in the forthcoming budget 2011-12. more...(BR)

 
Company & Sector Update

Oil prices may fall 6% in June: OGRA

In the face of declining global oil prices, the Oil & Gas Regulatory Authority (Ogra) may recommend up to a 6% reduction in domestic oil prices for the month of June. more... (ET)

Bank defaults case: Court seeks loan write-offs record since 2003

The Supreme Court on Thursday asked the State Bank of Pakistan to provide details of the loans written off by commercial banks after the 2003 expiry of Circular 29, the central bank's guidelines for banks to manage non-performing loans. more... (ET)

Oil higher on dollar weakness

Oil was higher in Asian trade Friday as the US currency weakened against the euro, boosting investor appetite for dollar-priced commodities including crude, analysts said. more... (N)

Gross agricultural production increases 1.2pc

The production of Cotton and rice has dropped while sugarcane and wheat production has increased in the current fiscal year. more... (BR)

 
Political

US for 'long-term' ties with Pakistan: Hillary Clinton

The United States wants "long-term" security ties with Pakistan , US Secretary of State Hillary Clinton said on Thursday, moving to soothe tensions raised by the killing of Osama bin Laden near Islamabad. more... (BR)

Big change on the cards, says Imran

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan Thursday claimed that a big change was on the cards in Pakistan as masses are looking towards his party to solve their problems. more... (N)

Forensic mission: CIA gets access to Abbottabad compound

Pakistan has agreed to permit the CIA to send in a forensic team to search Osama bin Laden's compound, The Washington Post reported on Thursday, citing US officials. more... (ET)

Sino-Pak ties: PM pleads for ‘more support, less criticism'

Prime Minister Yousaf Raza Gilani on Thursday said Pakistan was diligently pursuing the war against terrorism and urged the international community to lend more support. more... (ET)

 

 

 
GCC

Britain to give £110mn for Arab democracy

Britain pledged Thursday an extra £110 million ($175 million) to foster fledgling democracies in the Arab world, as other members of the G8 rich nations club wrangled over how much to pledge. more... (BR)

QE snaps 3-day bear run to cross 8,400 mark

The Qatar Exchange yesterday reversed the bearish trend of three days to gain 0.71% and settled a tad above the 8,400 mark, helped by institutional investors' buying support. more... (Gulbase)

Empty petrol pumps leave drivers out of luck

Sharjah Pockets of the UAE are experiencing empty petrol pumps, leading to long line-ups and frustrated drivers. more... (Zawya)

New initiative to combat inflation

Retail outlets across the country have agreed to fix the prices of 400 essential commodities as part of a new initiative to combat inflation, the Ministry of Economy said yesterday. more... (Gulfnews)


 

Quote of the Day:

" In the modern world of business, it is useless to be a creative original thinker unless you can also sell what you create. Management cannot be expected to recognize a good idea unless it is presented to them by a good salesman." - David M. Ogilvy



 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.13mn
US$ Reserves (May 26, 2011)
$17.07bn
Trade Balance (Jul 10- Apr 11)
($12.11bn)
Curr. A/C (Jul 10-Mar 11)
$0.75mn
Remittances (July 10- Apr 11)
$9.05bn
Foreign Investment (Jul 10- Mar 11)
$1.53bn
All Sch. Banks Deposit Base (May 13, 2011)
Rs713.90bn
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
25-MAY-11
26-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.226
-0.80%
10.36%
10.56%
20.70
     
25-MAY-11
26-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
862.50
870.64
8.13

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.08
13.14
13.44
13.70
Offer
13.58
13.39
13.69
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
13.30
13.30
13.45
13.45
Low  
13.90
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
85.45
120.83
1.04
139.48
23.26
1.71
0.40

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.35
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
14.07
14.06
10 Y-PIB
13.60
13.45
14.10
14.10

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.02
2.91
2.86
3.21
5.26
8.40
12.86
13.45
Change bps
2.00
-5.30
-7.70
-1.50
2.80
2.30
15.00
0.00

Commodities

     
25-MAY-11
26-MAY-11
change
WTI (USD/bbl)    
101.54
100.70
-0.83%
     
Brent (USD/bbl)    
114.90
115.33
0.40%
     
Arab Light (USD/bbl)    
111.23
110.57
-0.60%

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
42,171.00
42,257.00
-0.20%
Rice IRRI -6(Rs/100kg)
3,677.00
3,679.00
-0.05%
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)
1,526.00
1,530.60
0.30%
Sugar 11 (USD/lb)
22.69
22.64
-0.22%
Steel (USD/ton)
748.69
748.21
0.06%
Wheat (CBT) (USD/bu)
818.25
807.00
1.39%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
9,010.00
9,059.00
-0.54%

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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.