Monday, February 07, 2011

Nothing collected on account of CGT

Dawn: As the govt. struggles to come up with legislation for new taxes, it has failed to collect a single rupee on account of capital gains tax (CGT) in
8MFY11.

Issuing LoC: IMF to wait for mission report

Business Recorder: The IMF will wait for its mission report on economic situation for deciding the crucial matter of issuing LoC for Pakistan.

Urea sales drop by 21% due to price hike in Jan

Business Recorder: Fertilizer sales have dropped by 21% in Jan 2011 (YoY) due to a PKR350/50kg-bag hike in the price of urea and profiteering in the
Country.

OGDC convertible bonds: Body formed to examine PC proposal

Business Recorder: The PC has reportedly informed the CCoP that ten top international investment banks have provided a favorable view on the pricing of
convertible bonds in OGDC.

External debt liabilities rise to US$58.4bn

Business Recorder: Pakistan’s external debt and liabilities have increased to US$58.4bn during 1QFY11 while the IMF’s debt has aggregated to US$8.1bn.

Foreign debt servicing stood at US$2.169bn in 1QFY11

Business Recorder: Pakistan’s external debt servicing stood at US$2.169bn during 1QFY11 with repayments at US$1.436bn and interest payments at
US$233m.

PKR27bn Thar Coal water carrier scheme approved

Business Recorder: Considering that the most critical infrastructure project is the supply of fresh water to Thar Coal Fields, the CDWP has approved a scheme
for Thar Coal Water Carrier at a cost of PKR27bn.

Govt. warned against injecting funds into PSM

Dawn: The Senate Standing Committee on Industries and Production has said the Pakistan Steel Mills is like a bottomless pit and whatever goes into it will
never come out!

Pakistan should take revenue-raising measures: IMF

Business Recorder: The IMF has said that Pakistan will have to take revenue-raising measures after the recent floods to enhance resources for needed
infrastructure investment.

Diesel, furnace oil sales down in Jul-Jan

Business Recorder: Oil sales declined by 4% to 11.3mn tons during 7MFY11 as compared to 11.8mn tons during the corresponding period.

Chinese firm to convert 2 KESC units to coal

Dawn: The KESC and the Global Mining Company Ltd. of China have signed a MoU for fuel replacement initiative through conversion of two of the six
generating units of Bin Qasim Power unit to coal.
 Market Summary Top Eight Sector Wise Volume (mn)
KSE 30 KSE 100 KSE ALL Sectors Turnover
Current Index 12,095.36 12,415.35 8,603.93 Chemicals 57.60
Previous Index 12,041.16 12,359.06 8,565.16 Personal Goods 17.69
Net Change Points 54.20 56.29 38.77 Banks 15.53
Net Change Percentage 0.45% 0.46% 0.45% Equity Investment Instruments 6.69
Turnover (mn) 70.29 102.52 131.72 Oil and Gas 6.04
Traded Value (bn) 4.17 4.71 5.12 Electricity 5.80
Mkt Cap.(PKR bn) 606.19 3,088.15 3,355.63 Financial Services 5.33
Mkt Cap.(US$ bn) 7.09 36.12 39.25 Gas Water and Multiutilities 4.35

12,146 12,467 8,646

12,109 12,430 8,618

12,072 12,393 8,590

12,035 12,356 8,562

11,998 12,319 8,534

9:07

9:56

10:42

11:26

14:25

15:09

15:56

16:51

9:07

9:56

10:42

11:26

14:25

15:09

15:56

16:51

9:07

9:56

10:42

11:26

14:25

15:09

15:56

16:51
KSE 30 KSE 100 KSE All

Top Five Companies by Index Points Top Five Volume Leaders

Symbol Open Close Index Point Volume Symbol Open Close Change Volume
PPL 212.75 215.18 11.67 1,300,524 LOTPTA 15.98 16.38 0.40 35,364,095
HUBC 38.51 39.52 4.70 1,364,296 BOP 8.13 8.36 0.23 8,591,791
SSGC 23.90 24.91 3.41 4,145,198 NCL 24.57 25.79 1.22 8,133,284
ENGRO 218.62 221.05 3.20 3,380,875 ANL 11.27 11.28 0.01 6,359,077
COLG 935.01 960.00 3.17 6 JSCL 11.52 11.59 0.07 4,319,270

Top Five Price Gainers Top Five Price Losers

Symbol Open Close Change Volume Symbol Open Close Change Volume
RMPL 2,349.42 2,420.30 70.88 67 UPFL 1,160.01 1,105.09 (54.92) 1
ULEVER 4,350.05 4,385.65 35.60 120 SFL 113.90 108.21 (5.69) 1
COLG 935.01 960.00 24.99 6 ILTM 110.05 104.55 (5.50) 1
BATA 629.00 642.11 13.11 488 SITC 118.00 112.56 (5.44) 3,222
LAKST 265.07 277.75 12.68 1 TRIPF 137.91 132.77 (5.14) 105,877
 REPO RATES (AVG. YIELD %) KIBOR RATES (%) OIL PRICES (US$/BARREL)
TENOR AVERAGE TENOR BID OFFER London Brent 99.80
Overnight 11.85 1 Month 12.71 13.21 US Crude 89.03
3-Months 13.16 3 Months 13.36 13.61
6-Months 13.46 6 Months 13.51 13.76 GDR (US$)
1-Year 13.56 12 Months 13.77 14.27 MCBS @ 2 Ord. Sh 2.60
OGDC @ 10 Ord. Sh 18.08
UBLA @ 4 Ord. Sh 2.39

PIB YIELD (%) EXCHANGE RATES (PKR) LKCA @ 4 Ord. Sh 3.10

TENOR YIELD RANGE CURRENCY BID OFFER
2.6-3.0 Years 14.15 14.20 US Dollar 85.70 85.90 OTHERS
4.6-5.0 Years 14.20 14.23 Euro 116.15 116.65 SCRA (US$mn)* 2.22
9.6-10.0 Years 14.26 14.30 UK Pound 137.50 138.00 Bank Al Jazira (SR) 18.60
15 Years 14.55 14.60 Japan Yen 1.04 1.14 *Feb 03’11
20 Years 14.70 14.75 UAE Dirham 23.25 23.35 ECONOMIC EVENTS
30 Years 14.75 14.85 Saudi Riyal 22.85 22.95 DATE EVENTS

T-BILL YIELD (%) LIBOR USD (%)

TENOR YIELD RANGE 1 Month 0.26
16-30 Days 12.65 12.75 3 Months 0.31
61.90 Days 13.18 13.28 6 Months 0.46
121-180 Days 13.52 13.58 12 Months 0.79
271-365 Days 13.70 13.75

COMPANY PERIOD DPS % BONUS % RIGHT % EPS DATE COMPANY

Gharibwal Cement Ltd. 30-Jun-10 - - - (4.43) 07-Feb-11 Habib ADM Ltd.
Pakistan International Container
07-Feb-11
Terminal Ltd.
07-Feb-11 Zeal Pak Cement Factory Ltd.

07-Feb-11 Tandlianwala Sugar Mills Ltd.

09-Feb-11 Cherat Papersack Ltd.

09-Feb-11 Pakistan State Oil Co. Ltd.

09-Feb-11 NetSol Technologies Ltd.

09-Feb-11 Shifa International Hospital Ltd.

10-Feb-11 IGI Investment Bank

10-Feb-11 MCB Bank Ltd.

10-Feb-11 Sigma Leasing Corporation

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