BasedLine

Date: 02-Oct-2012
KSE-100 Index
Previous Index 15,444.82
Current Index 15,559.94
Change % 0.75%
YTD (CY12) 37.12%
YTD (FY13) 12.74%
Volume (mn) 77.51
Capitilization (USDbn) 39.92
FIPI (USDmn)(Daily) -0.32
FIPI (USDmn) (YTD) 91.73

KSE-100 Index
Previous Index 27,458.04
Current Index 27,883.37
Change % 1.55%
YTD (CY12) 38.46%
YTD (FY13) 17.27%
Volume (mn) 37.68
Capitilization (USDbn) 5.66

International Indicators
 
Close
%age
BSE-30 18,823.91 0.33
HANGSENG 20,840.38 0.38
NIKKEI 225 8,796.51 -0.83
FTSE 5,820.45 1.37
DJIA 13,515.11 0.58
SSEC 2,086.17 1.45
NASDAQ 3,113.53 -0.09

 
Close
%age
TASI 6,882.12 0.62
KSE(Kuwait) 5,974.68 -0.13
BSE 1,078.72 -0.79
MSM 5,562.91 0.52
ADX 2,634.92 1.13
DFM 1,608.94 1.91
QSE 8,522.68 0.15

KIBOR
 
%age
3 Months 10.20
6 Months 10.22
12 Months 10.53

T-Bills
%age
3 Months 10.03
6 Months 9.94
12 Months 9.94

Bonds
 
%age
3-Y PIB 10.29
5-Y PIB 10.89
10-Y PIB 11.33
20-Y PIB 11.90
30-Y PIB 12.05
Capital Market Overview

Market watch: Stocks recover on lower inflation in September

News reports suggesting a substantial abatement in inflationary pressure during the month of September triggered a rush among investors to snap up stock in anticipation of spillover benefits. The State Bank is expected to announce its monetary policy on October 5, and market players expect a further cut in the central bank’s benchmark policy rate. more... (ET)

News Clippings

Easing pressure: Inflation in single digit, provides room for interest rate cut

Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), has clocked in at 8.79% year-on-year in September compared to 9.05% in August, data shows, making a strong case for the central bank to slash interest rates in the monetary policy announcement this week. more... (ET)

PMEX registers record trading volumes

The Pakistan Mercantile Exchange (PMEX) ended the first quarter of fiscal 2012-13 with a record trading volume of Rs385.5 billion in terms of value, which is up by 40.7% compared to the preceding quarter, a statement said on Monday. more... (ET)

Fundamental issues: The disconnect in Pakistan’s trade and GDP growth

In the recently-concluded American Business Council Economic Summit, titled ‘Beyond Borders: Trade Treaties and their Implication’, I presented the hypothesis that “in all successful economies, GDP growth has a direct correlation with trade growth”. more... (ET)

Fund paid fifth $107.4 million SBA instalment

The country has successfully paid the fifth instalment worth $107.4 million of Stand-By Arrangement (SBA) loan to the International Monetary Fund (IMF). more... (BR)

IMF shows ‘serious’ concern over power subsidies, overspending

The International Monetary Fund (IMF) on Monday expressed concern on overspending by the provinces and also expressed dismay over hefty expenditure on power subsidies taking budget deficit to unsustainable level. more... (DT)


Banking spread below 7% for first time since 2008

Banking spreads further narrowed in September 2012, coming in below the 7.0 percent mark for the first time since June 2008 when the saving account rate floor was introduced. more... (DT)

 

NAVs and Returns
as of Oct 01, 2012
Funds Offer Redemption
POGSF
10.4244/-
10.4244/-
YTD Return
15.03%
POAIIF
53.1212/-
52.5900/-
YTD Return
9.17%
POAAAF
54.02/-
52.67/-
YTD Return
5.19%
POIAAF
56.59/-
55.18/-
YTD Return
4.96%
POAF
11.73/-
YTD Return
11.08%

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)
$14.84bn
Trade Deficit
(July-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
(September-12)
8.79%
CPI Gen. - FY13
(July 12- September 12)
9.05%

Commodities
 
WTI (USD/bbl) 92.29
Gold Futures(USD/oz) 1,780.70
Cement (Rs./Bag) 437.86
Coal Spot(USD/ton) 84.25
Urea Fertilizer (Rs/bag) 1,691.82
DAP (Rs./bag) 2,642.29
KCA Cotton (Rs/mound) 5,200.00

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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.