BasedLine
Date: 30-May-2011
KSE-100 Index
Previous Index 12,198.12
Current Index
12,225.52
Change % 0.22%
YTD (CY11) 1.69%
YTD (FY11) 25.75%
KSE-100 Index
Previous Index 20,690.55
Current Index 20,765.09
Change % 0.36%
YTD (CY11) 10.43%
YTD (FY11) 42.02%
International Indicators
 
Close
%age
BSE-30 18,213.14 0.93
HANGSENG 23,118.07 0.95
NIKKEI 225 9,521.94 -0.42
FTSE 5,938.87 0.16
DJIA 12,441.58 0.56
SSEC 2,736.53 -0.19
NASDAQ 2,796.86 0.20
 
Close
%age
TASI 6,754.82 0.05
KSE(Kuwait) 6,356.20 -0.28
BSE 1,351.33 0.60
MSM 5,952.60 -0.46
ADX 2,607.53 0.36
DFM 1,545.42 0.72
QSE 8,375.04 -0.30
Capital Market Overview

Market watch: Stock market continues to firm

The stock market continued its upward trend for the sixth straight day led by the refinery sector stocks. . more... (ET)

NAVs and Returns
as of May 27, 2011
Funds Offer Redemption
POAIIF
52.4560/-
51.9314/-
YTD Return
9.23%
POIAAF
64.83/-
63.21/-
YTD Return
22.40%
POAAAF
59.77/-
58.28/-
YTD Return
15.98%
POAF
11.12/-
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
35.08
3,004
68.25
4.02
1.69%
KSE30
6.93
594
45.20
3.88
2.23%
KMI30
5.22
447
50.20
3.67
10.43%
KSE All
37.85
3,241
33.89
2.97
1.72%
May 27, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
210.57
111.33
-6.83%
OGDC
14.00
150.34
119.90
-10.78%
UBL
2.00
64.51
42.82
-5.45%
LUCK
1.70
71.59
36.40
-5.54%
May 27, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
9.02
(8.81)
0.21
Foreign Corporates
3,273.99
(372.12)
2,901.88
Overseas Pakistani
450.69
(444.25)
6.44
Grand Total
3,733.71
(825.17)
2,908.54
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
26-May-11
27-May-11
Change
Gross Buy
364.16
-36.35%
50.50
-46.59%
1.70
3.73
119.41%
Gross Sell
-291.88
-12.71%
-23.25
-68.37%
-2.60
-0.83
68.07%
Net Buy/(Sell)
72.28
-70.20%
27.25
26.49%
-0.90
2.91
223.33%
S.C.R.A
Country
During the Year July 10 to Date
27-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
55.37
0.10
-
37.96
-
-
17.51
0.03
0.05
-0.02
Luxembourg
68.25
-
-
30.91
-
-
7.48
0.27
0.12
0.14
Switzerland
37.03
0.11
-
15.53
-
-
21.55
-
-
0.11
UAE
6.00
0.18
-
7.34
-
-
0.83
-
-
-
UK
146.27
192.14
-
133.01
202.63
2.85
-3.07
-
0.14
-0.14
USA
419.32
-
34.48
240.34
-
23.50
190.15
1.07
1.02
0.05
Total
762.99
192.54
46.95
520.43
202.63
30.33
246.11
2.21
1.49
0.08
News Clippings
Economy

Sindh to levy sales tax on 12 services

SINDH will start collecting sales tax, initially on 12 selected services from July 1. While the other federating units — Khyber Paktunkhwa, Punjab and Balochistan — still want the existing arrangements with the federal government to continue, Sindh is moving ahead to become a torch-bearer for others to follow suit. more... (D)

Why FBR has failed to raise the tax-GDP ratio

Collection of taxes had always been the most vital source in almost every society in human history, and taxation system has become the life-blood for socio-economic development in a modern nation state. A good tax system helps establish a just society through equitable distribution of economic benefits for social justice. more... (ET)

Government-proposed Rs 3.8 trillion outlay rejected by IMF

The consolidated outlays of federal and provincial budgets have reportedly been revised downward to Rs 3.751 trillion from Rs 3.8 trillion originally proposed by the government of Pakistan and rejected by the International Monetary Fund (IMF). more... (BR)

CNG to be dearer by 15 percent from July 1

The government has decided to increase the price of compressed natural gas (CNG) by 15 percent from July 1, 2011, used in cars, wagons and buses, official sources told Business Recorder . According to the prevalent CNG Policy, the price of CNG is fixed at 50 percent price of petrol, which is being revised upward to 65 percent, sources added. more... (BR)

 
Company & Sector Update

Cut in WHT on cash from banks likely

The Federal Board of Revenue (FBR) is planning to reduce withholding tax on cash withdrawal from banks from 0.3 percent to 0.2 percent in the coming budget for 2011-12. more... (BR)

Rs 26.52 billion irregularities detected in RPP deals

Auditor General of Pakistan (AGP) has detected massive irregularities, embezzlements, losses and mismanagement amounting to more than Rs 26.52 billion and US $591.5 million in Rental Power Projects (RPPs) initiated by PEPCO and PPIB. more... (BR)

Cut likely in POL prices

The Oil and Gas Regulatory Authority (Ogra) is likely to reduce the prices of different petroleum products by up to Rs 6, officials said on Saturday. According to sources in Ogra, the government may reduce the petrol price by Rs 1.5 per litre, kerosene oil by Rs 6 per litre, light speed diesel by Rs 5.5 per litre, and HOBC by Rs 1.77 per litre. more... (BR)

 

 
Political

Election Commission impasse: Government to introduce 20th amendment

The government announced on Sunday that it would introduce the 20th amendment to the constitution, in a bid to pre-empt a likely Supreme Court decision to disqualify 26 lawmakers for having been elected through by-elections that were held without a fully constituted Election Commission of Pakistan. more... (ET)

ISI-CIA relations have been repaired: PM

After weeks of shuttle diplomacy and a flurry of visits by high-level US officials to Pakistan, strained relations between the war on terror allies appeared to thaw when Prime Minister Yousaf Raza Gilani said that ties between the Inter-Services Intelligence (ISI) and the CIA have eased. more... (ET)

India, Pakistan defence secretary talks begin

Talks between the defence secretaries of India and Pakistan over the Siachen issue began in New Delhi on Monday, DawnNews reported. more... (D)

 

 

 
GCC

Regional markets will post small gains

The regional stock markets are likely to post marginal gains in the week ahead as sentiments remain cautiously optimistic despite signs the global economic recovery following the worst recession since the 1930s may be faltering, say market analysts. more... (Zawya)

Saudi stocks soar to 4-month high on oil

Saudi Arabian shares rose to the highest level in four months Saturday as oil prices gained after leaders of the Group of Eight nations said the global economy is strengthening. more... (Zawya)

Kingdom’s money supply jumps to SR1.18 trillion in April

Saudi Arabian money supply growth surged substantially in April to its highest level in two years and consumer indicators showed generous government and industry handouts this year had boosted consumer confidence. High oil prices also shored up foreign assets to a fresh record, while imports improved. more... (Gulfbase)


 

Quote of the Day:

"The golden rule for every business man is this: “Put yourself in your customer's place." - Orison Swett Marden



 
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
26-MAY-11
27-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.257
0.04%
10.56%
10.56%
0.00
     
26-MAY-11
27-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
870.64
872.57
1.94

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.14
13.21
13.47
13.70
Offer
13.64
13.46
13.72
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  
13.30
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
85.65
122.10
1.06
140.77
23.31
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

     
26-MAY-11
27-MAY-11
change
WTI (USD/bbl)    
100.70
100.27
-0.43%
     
Brent (USD/bbl)    
115.33
114.61
-0.62%
     
Arab Light (USD/bbl)    
110.57
110.80
0.20%

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
42,428.00
42,171.00
0.61%
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)
1,537.20
1,526.00
0.70%
Sugar 11 (USD/lb)
22.99
22.69
1.32%
Steel (USD/ton)
748.69
748.21
0.06%
Wheat (CBT) (USD/bu)
819.75
818.25
0.18%
PTA (USD/ton)
1,205.00
1,210.00
-0.41%
Copper (USD/ton)
9,188.25
9,010.00
1.98%

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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.