BasedLine

Date: 27-Sep-2012
KSE-100 Index
Previous Index 15,373.46
Current Index 15,399.42
Change % 0.17%
YTD (CY12) 35.71%
YTD (FY13) 11.58%
Volume (mn) 43.78
Capitilization (USDbn) 39.51
FIPI (USDmn)(Daily) 4.08
FIPI (USDmn) (YTD) 92.06

KSE-100 Index
Previous Index 27,185.17
Current Index 27,260.12
Change % 0.28%
YTD (CY12) 35.37%
YTD (FY13) 14.65%
Volume (mn) 21.81
Capitilization (USDbn) 5.53

International Indicators
 
Close
%age
BSE-30 18,726.88 0.35
HANGSENG 20,796.19 1.31
NIKKEI 225 8,949.87 0.48
FTSE 5,768.09 -1.56
DJIA 13,413.51 -0.33
SSEC 2,061.10 2.84
NASDAQ 3,093.70 -0.77

 
Close
%age
TASI 6,878.72 -1.42
KSE(Kuwait) 5,982.65 0.63
BSE 1,079.74 -0.53
MSM 5,554.90 0.07
ADX 2,598.86 0.05
DFM 1,562.92 -1.80
QSE 8,504.94 -0.54

KIBOR
 
%age
3 Months 10.26
6 Months 10.29
12 Months 10.60

T-Bills
%age
3 Months 10.23
6 Months 10.09
12 Months 10.09

Bonds
 
%age
3-Y PIB 10.58
5-Y PIB 11.11
10-Y PIB 11.55
20-Y PIB 12.04
30-Y PIB 12.18
Capital Market Overview

Market watch: Bourse climbs on back of index heavyweights

Investor interest in cements, telecom and energy stocks played the role of catalyst in bullish sentiments at the local bourse despite security concerns in the city.The Karachi Stock Exchange’s (KSE) benchmark 100-share index climbed 0.17% or 25.96 points to end at 15,399.42 point level. more... (ET)

News Clippings

Budget deficit targets unmet because of circular debt: official

The government’s inability to resolve circular debt in the power sector is a major factor responsible for the failure to meet its budget deficit targets, sources told this correspondent on Wednesday. more... (BR)

TCP buys 0.2mn T sugar from millers

The Trading Corporation of Pakistan (TCP), complying with the federal government directives, has completed the procurement of 200,000 tons of sugar from local sugar mills. more... (FD)

Fertiliser plants: Gas supply plan proposed after loan default warning

The Ministry of Petroleum and Natural Resources has come up with a short-term plan to provide 137 million cubic feet per day (mmcfd) of gas to four fertiliser plants amid warnings of default on bank loans and closure of urea plants. more... (ET)

Amnesty scheme : ‘Expats, foreigners can regularise assets subject to 1% tax’

Federal Board of Revenue (FBR) Chairman Arshad Ali Hakeem informed Public Accounts Committee (PAC) that persons who have assets aboard or made foreign investments would be allowed to regularise their assets under the amnesty scheme on payment of nominal tax of around 1.0 percent. more... (DT)

Reuters’ coverage in Pakistan displays compromise on standards

Nearly half a dozen employees of Reuters – one of the largest international news agencies – in Pakistan have resigned in protest against what they believe are “unethical journalism practices” being pursued by the incumbent management. more... (ET)

OICCI survey: Business sentiment dips 9%

Despite general growth in turnover and profitability, as suggested in recent corporate results, business sentiment has dipped by 9% over the past six months due to growing concerns related to energy shortages, worsening security, and inflationary pressure, according to a survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). more... (ET)

 

NAVs and Returns
as of Sep27, 2012
Funds Offer Redemption
POGSF
10.3894/-
10.3894/-
YTD Return
14.34%
POAIIF
53.0631/-
52.5325/-
YTD Return
9.22%
POAAAF
53.25/-
51.92/-
YTD Return
3.69%
POIAAF
55.87/-
54.47/-
YTD Return
3.61%
POAF
11.68/-
YTD Return
9.79%

Funds Rating
AMC
AM3
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
3 Star
POIAAF
5 Star

  Aug-12 Jul-12
MoM (%)
AUM's (PKR bn) 419.47 378.64 10.78
No of AMCs 25 25 -
No of Funds 175 177 -1.13

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,372
Reserves
(September 21, 2012)
$14.86bn
Trade Deficit
(August 12)
$(3.37)bn
Curr. A/C
(August 12)
$1.2bn
Remittances
(Jul-Aug 12)
$2.46bn
Foreign Investment (July11-June12) $741.5mn
CPI Gen. - YoY
(August-12)
9.10%
CPI Gen. - FY13
(July 12- August 12)
9.30%

Commodities
 
WTI (USD/bbl) 90.10
Gold Futures(USD/oz) 1,752.75
Cement (Rs./Bag) 437.86
Coal Spot(USD/ton) 87.35
Urea Fertilizer (Rs/bag) 1,691.82
DAP (Rs./bag) 2,642.29
KCA Cotton (Rs/mound) 5,400.00

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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.