BasedLine
Date: 01-June-2011
KSE-100 Index
Previous Index 12,195.59
Current Index
12,123.15
Change % -0.59%
YTD (CY11) 0.84%
YTD (FY11) 24.70%
KSE-100 Index
Previous Index 20,700.54
Current Index 20,628.89
Change % -0.35%
YTD (CY11) 9.70%
YTD (FY11) 41.09%
International Indicators
 
Close
%age
BSE-30 18,503.28 1.49
HANGSENG 23,684.13 2.16
NIKKEI 225 9,693.73 1.99
FTSE 5,989.99 0.86
DJIA 12,569.80 1.03
SSEC 2,743.47 0.26
NASDAQ 2,835.30 1.37
 
Close
%age
TASI 6,735.98 0.04
KSE(Kuwait) 6,378.20 0.06
BSE 1,346.66 -0.02
MSM 6,007.89 0.76
ADX 2,639.14 0.68
DFM 1,559.92 1.58
QSE 8,375.19 0.25
Capital Market Overview

Market Watch: Equities fall 72 points on budget uncertainty

Equities dropped on Tuesday amid low volumes as uncertainty prevails ahead of the budget. The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 0.59 per cent or 72 points to end at the 12,123.15 point level more... (ET)

NAVs and Returns
as of May 31, 2011
Funds Offer Redemption
POAIIF
52.5128/-
51.9877/-
YTD Return
9.23%
POIAAF
64.81/-
63.19/-
YTD Return
22.36%
POAAAF
59.70/-
58.21/-
YTD Return
15.84%
POAF
11.14/-
YTD Return
10.43%
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
34.64
2,979
30.80
1.52
0.84%
KSE30
6.83
587
19.11
1.41
1.51%
KMI30
5.16
444
11.63
1.11
9.70%
KSE All
37.41
3,217
123.10
1.71
0.96%
May 31, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
207.97
111.56
-7.98%
OGDC
16.75
150.49
143.74
-10.69%
UBL
2.00
64.84
42.91
-4.97%
LUCK
1.70
71.08
36.47
-6.21%
May 31, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
19.63
(361.57)
(341.94)
Foreign Corporates
1,167.12
(1,705.30)
(538.17)
Overseas Pakistani
116.16
(84.81)
31.35
Grand Total
1,302.92
(2,151.67)
(848.76)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
30-May-11
31-May-11
Change
Gross Buy
366.00
-37.10%
52.34
-49.80%
0.54
1.30
140.74%
Gross Sell
-294.61
-13.38%
-25.97
-67.22%
-0.58
-2.20
279.31%
Net Buy/(Sell)
71.40
-71.05%
26.37
2.93%
0.04
-0.85
-2,025%
S.C.R.A
Country
During the Year July 10 to Date
30-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
-
-
-
Luxembourg
68.25
-
-
30.91
-
-
7.48
-
0.12
-0.12
Switzerland
37.03
0.11
-
15.53
-
-
21.55
-
-
-
UAE
6.00
0.18
-
7.34
-
-
0.83
-
0.18
-0.18
UK
146.27
192.14
-
133.01
202.63
2.85
-3.07
-
-
-
USA
419.32
-
34.48
240.34
-
23.50
190.15
0.04
-
0.04
Total
762.99
192.54
46.95
520.43
202.63
30.33
246.11
0.50
0.30
0.20
News Clippings
Economy

Big players have to pay 15% flood surcharge

The government has rectified a major mistake in the Income Tax Ordinance promulgated on March 15 this year that let big firms avoid being hit with the 15 per cent flood surcharge, as tax officials struggle to cope with revenue shortfall. more... (ET)

GDP growth lags half behind the target

Gross Domestic Product (GDP) growth rate trailed almost half behind the set target, tax revenue in the first ten months amounted to Rs1156 billion, while the rate of inflation surged to 14 percent, according to the Economic Survey 2010-11. more... (N)

Provincial budget allocation: Officials indecisive over outlay for development

As the planning and development, and the finance departments of the Sindh government give the final shape to the upcoming development budget, officials say they are yet to finalise the total outlay for development. more... (ET)

Tax relief on lower salaries likely

The government is considering to propose tax concessions to low-salaried employees in the budget to be presented on Friday. more... (D)

 
Company & Sector Update

Petroleum products` prices reduced

After eight straight months of increases, the government on Tuesday cut petroleum prices by 0.2 per cent to 6.5 per cent with immediate effect in view of the decline in international market and partially deregulated the price fixation of some products to save about Rs10 billion a year. more... (D)

Telecom import declines by 3.2 pc

Telecom imports of country are showing negative trend and declined about 3.2% in quarter ending Dec 2010, mainly due to decline in cellular mobile handsets. more... (BR)

Siemens Pakistan receives new orders of Rs7.1bn

New orders of Rs7.1 billion have been received by Siemens Pakistan during the first six months of the company's financial year commencing from October. more... (BR)

 

 
Political

Mumbai Attacks: ISI leaders had no involvement, says Headley

The leadership of Pakistan's spy agency, the Inter-Services Intelligence (ISI), was not involved in planning the deadly 2008 Mumbai attacks, self-confessed plotter David Coleman Headley testified on Tuesday. more... (ET)

ISI urged SA not to fund Nawaz Sharif: WikiLeaks

ISI asked Saudi Arabia not to fund Nawaz Sharif for his election campaign, a secret cable of 2008 revealed. more... (N)

Gilani constitutes independent commission for Abbotabad operation

Prime Minister Syed Yusuf Raza Gilani ordered an independent commission to investigate the Abbottabad operation on Tuesday in which elite US forces killed Osama bin Laden on May 2, the premier's media office said. more... (BR)

 

 

 
GCC

Saudi cement companies post major sales growth

Saudi Arabia's cement sector recorded sales growth of 16 per cent in April, the highest in more than a year. The news is a sign confidence in the economy and appetite for projects is increasing. more... (Gulfbase)

Qatar April inflation slows to 1.5%

Qatar's annual inflation slowed to 1.5 percent in April from its highest level in at least more than a year in the previous month, data from the Gulf Arab country's statistics authority showed on Tuesday. Consumer prices edged up 0.1 percent month-on-month in April after staying flat in March as a decline in food prices helped offset a rise in transport costs. more... (Gulfbase)

GCC set to remain reliant on expat labour

Gulf hydrocarbon producers will likely remain heavily reliant on expatriate labour given the relatively high growth in their economies and the shortage of skilled manpower in their native population. more... (Zawya)


 

Quote of the Day:

" Motivation is the art of getting people to do what you want them to do because they want to do it. " - Dwight D. Eisenhower

 
Economic Highlights
Economic Indicators
GDP Growth FY11E
2.50%
GDP -2010
$176 bn
Per Capita Income
$ 1,051
Population
176.20mn
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
30-MAY-11
31-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.8867
0.21%
10.43%
10.37%
-5.10
     
30-MAY-11
31-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
1,142.80
875.00
5.00

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.16
13.25
13.49
13.70
Offer
13.66
13.50
13.74
14.20

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.90
13.45
13.35
13.30
13.45
13.45
Low  
13.40
13.20
13.15
13.05
13.15
13.20

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
85.01
122.23
1.04
140.20
23.14
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
1.16
3.02
3.07
3.29
5.27
8.41
12.45
13.45
Change bps
-1.00
4.00
-1.00
2.00
5.00
-2.20
-1.00
0.00

Commodities

     
30-MAY-11
31-MAY-11
change
WTI (USD/bbl)    
100.97
102.73
1.74%
     
Brent (USD/bbl)    
115.13
116.56
1.24%
     
Arab Light (USD/bbl)    
110.38
111.63
1.13%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
94.11
92.89
1.31%
Furnace Oil (Rs/ton)
69,540.94
71,598.15
-4.27%
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
42,471.00
42,428.00
0.10%
Rice IRRI -6(Rs/100kg)
3,645.00
3,647.00
-0.05%
KCA Cotton (Rs/mound)
8,500.00
9000.00
-5.56%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.40
117.15
1.07%
Gold Futures (USD/oz)
1,530.90
1,538.70
-0.51%
Sugar 11 (USD/lb)
23.18
22.99
0.83%
Steel (USD/ton)
751.00
748.69
0.06%
Wheat (CBT) (USD/bu)
780.00
796.00
-2.01%
PTA (USD/ton)
1,210.00
1,205.00
0.41%
Copper (USD/ton)
9,202.25
9,188.25
0.15%

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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.