BasedLine
Date: 31-May-2011
KSE-100 Index
Previous Index 12,225.52
Current Index
12,195.59
Change % -0.24%
YTD (CY11) 1.44%
YTD (FY11) 25.44%
KSE-100 Index
Previous Index 20,765.09
Current Index 20,700.54
Change % -0.31%
YTD (CY11) 10.08%
YTD (FY11) 41.58%
International Indicators
 
Close
 %age
BSE-30 18,232.06 0.19
HANGSENG 23,236.57 0.51
NIKKEI 225 9,504.97 -0.20
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 6,732.96 -0.32
KSE(Kuwait) 6,356.20 -0.28
BSE 1,351.33 -0.60
MSM 5,952.60 -0.46
ADX 2,621.30 0.53
DFM 1,545.42 0.72
QSE 8,375.04 -0.30
Capital Market Overview

Market Watch: Bullish run comes to an end at bourse

The stock market's six-day winning streak came to an end on Monday amid lack of participation from local institutions. more... (ET)

NAVs and Returns
as of May 30, 2011
Funds Offer Redemption
POAIIF
52.4987/-
51.9737/-
YTD Return
9.23%
POIAAF
64.86/-
63.24/-
YTD Return
22.46%
POAAAF
59.75/-
58.26/-
YTD Return
15.94%
POAF
11.13/-
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
34.84
2,996
51.74
1.73
1.44%
KSE30
6.85
589
24.99
1.50
1.81%
KMI30
5.18
445
14.35
1.13
10.08%
KSE All
37.63
3,236
120.59
1.98
1.55%
May 30, 2011
 GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
208.56
111.53
-7.72%
OGDC
14.00
150.09
120.11
-10.93%
UBL
2.00
64.87
42.90
-4.92%
LUCK
1.70
71.52
36.46
-5.63%
May 30, 2011
 F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
83.05
(70.32)
12.73
Foreign Corporates
325.61
(353.26)
(27.66)
Overseas Pakistani
131.26
(152.51)
(21.25)
Grand Total
539.92
(576.09)
(36.17)
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
27-May-11
30-May-11
Change
Gross Buy
364.70
-37.10%
51.04
-50.09%
3.73
0.54
119.41%
Gross Sell
-292.45
-13.81%
-23.82
-69.63%
-0.83
-0.58
68.07%
Net Buy/(Sell)
72.25
-70.56%
27.21
11.63%
2.91
0.04
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

Chinese company to enhance capacity of power plants

China Water and Electric Corporation (CWEC) is ready to provide all possible technical assistance in enhancing capacity of power plants, said CWEC President Wang Yu. more... (ET)

Government determined to bring POL/CNG prices at par

The government is set to bring the prices of CNG and POL at par. At present, the difference between CNG and POL prices is nearly 37 percent, while the government has plans to further jack up CNG price by 15 percent in the coming months. more... (BR)

Smuggling/counterfeit cigarettes: government suffers over Rs 90 billion loss annually

The Directorate General Intelligence and Investigation Federal Board of Revenue has detected annual revenue loss of over Rs 9.5 billion due to smuggling/counterfeit cigarettes and recommended continuation of federal excise duty (FED) on filter rods, levy of adjustable FED @ Rs 100 per kg on services. more... (BR)

Fiscal deficit financing: government borrowing increases interest payment to 58.5 percent

The government borrowing for financing of fiscal deficit has increased the interest payment to 58.5 percent of the total net estimated revenue during the current fiscal year, official documents revealed. more... (BR)
 
Company & Sector Update

Two new power plants add 390MW to national grid

Two private sector power projects, having cumulative net capacity of 390 megawatts, have been added to the national grid in the last one month. more... (ET)

Banking sector: Increase in income tax on the cards

The government's aggressive stance on increasing tax revenues points to a possible rise in taxes on the banking sector, according to BMA Capital. more... (ET)

Government determined to bring POL/CNG prices at par

The government is set to bring the prices of CNG and POL at par. At present, the difference between CNG and POL prices is nearly 37 percent, while the government has plans to further jack up CNG price by 15 percent in the coming months. more... (BR)

 

 
Political

Mehran airbase attack: former navy commando, brother detained

Security officials have detained a former navy commando and his brother in connection with last week's militant attack on a naval airbase, intelligence officials and relatives said on Monday. more... (BR)

Opposition parties fail to reach agreement

All opposition parties met here on Monday to devise a joint strategy for the budget sessions of the two houses of parliament, but, according to sources, failed to reach an agreement. more... (D)

Terrorists were facilitated from within: navy

Terrorists had entered the PNS Mehran base after breaching Pakistan Air Force`s security parameters on the southern side, about 800 metres from the naval airbase, senior officials of Pakistan Navy said at a news briefing here on Monday. more... (D)

 

 
 
GCC

Qatar's New Bourse To Boost Small Firms

Qatar's plans to set up a parallel or junior stock market attached to the main bourse will provide the much-needed boost to small and medium enterprises (SMEs), say experts. more... (Zawya)

DFM confirms full readiness of its members to employ "DvP" Model

Dubai Financial Market (DFM) announced that its licensed brokers and custodians are ready to employ the newly introduced settlement mechanism "Delivery versus Payment" (DvP). more... (Zawya)

UAE-Turkey trade offers major growth opportunities

Non-oil trade exchange between the UAE and Turkey has seen significant growth over the past few years from $2.074 billion in 2006 to $7.999 billion in 2008, according to a new study released by the Ministry of Foreign Trade, or MoFT. more... (Gulfbase)


 

Quote of the Day:

"To succeed in business it is necessary to make others see things as you see them." - John H. Patterson



 
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
27-MAY-11
30-MAY-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
87.705
0.51%
10.56%
10.43%
-13.10
     
27-MAY-11
30-MAY-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
872.57
1,142.80
270.23

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
13.13
13.23
13.49
13.70
Offer
13.63
13.48
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
85.81
122.47
1.06
141.18
23.33
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
1.17
2.98
3.08
3.27
5.22
8.43
12.46
13.45
Change bps
5.00
-1.00
1.00
-2.00
5.00
2.30
-2.00
0.00

Commodities

     
27-MAY-11
30-MAY-11
change
WTI (USD/bbl)    
100.27
100.97
0.69%
     
Brent (USD/bbl)    
114.61
115.13
0.45%
     
Arab Light (USD/bbl)    
110.80
110.38
-0.38%

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
0.60%
Rice IRRI -6(Rs/100kg)
3,677.00
3,677.00
-0.82%
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)
1,538.70
1,537.20
0.09%
Sugar 11 (USD/lb)
22.99
22.69
1.32%
Steel (USD/ton)
751.00
748.69
0.06%
Wheat (CBT) (USD/bu)
796.00
819.75
-2.89%
PTA (USD/ton)
1,210.00
1,205.00
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.