BasedLine

Date:22-Nov-2012
KSE-100 Index
 
Previous Index 16,251.79
Current Index 16,233.19
Change % -0.11%
YTD (CY12) 43.05%
YTD (FY13) 17.62%
Volume (mn) 132.81
Capitilization (USDbn) 9.97
FIPI (USDmn)(Daily) 0.18
FIPI (USDmn) (YTD) 156.47

 

KSE-100 Index
Previous Index 28,318.02
Current Index 28,215.19
Change % -0.36%
YTD (CY12) 40.11%
YTD (FY13) 18.67%
Volume (mn) 14.64
Capitilization (USDbn) 5.78

International Indicators
 
Close
%age
BSE-30 18,524.79 0.36
HANGSENG 21,663.25 0.65
NIKKEI 225 9,320.28 1.06
FTSE 5,752.03 0.07
DJIA 12,836.89 0.38
SSEC 2,019.55 -0.53
NASDAQ 2,926.55 0.34

 
Close
%age
TASI 6,609.70 -0.79
KSE(Kuwait) 5,867.51 0.99
BSE 1,038.46 -0.20
MSM 5,575.14 -0.06
ADX 2,660.80 -0.02
DFM 1,599.92 0.54
QSE 8,407.53 0.14

KIBOR
 
%age
3 Months 9.47
6 Months 9.51
12 Months 9.83

T-Bills
%age
3 Months 9.34
6 Months 9.38
12 Months 9.42

Bonds
 
%age
3-Y PIB 10.34
5-Y PIB 10.96
10-Y PIB 11.39
20-Y PIB 12.05
30-Y PIB 12.16
Capital Market Overview

Market watch: Activity remains subdued in absence of triggers

Activity remained subdued at the local bourse in absence of macroeconomic or sector-specific news. Investors opted to book profits in the later session, wiping out early gains, and built positions in small and mid tier stocks again.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.11% or 18.60 points to end at 16,233.19 point level. more... (ET)

News Clippings

PSO to buy 55,000 tonne fuel for Dec

Pakistan State Oil is set to buy 55,000 tonnes of low Sulphur fuel oil (LSFO) for December delivery, after skipping LSFO purchases in a previous tender, trade sources said on Tuesday. GALANA Petroleum will likely supply the cargo, for Dec 1-5 delivery to the port of Karachi, at a premium of $95.00-$97.00 a tonne above Middle East quotes, the sources said. more... (FD)

‘LNG import vital for country’s economy’

A meeting on Wednesday was informed that under liquefied natural gas (LNG) integrated project’s request for proposal (RFP), LNG bidding process would be initiated through two envelope systems - technical and financial - for which proposals would be sought. more... (DT)

SBP issues rules for modaraba-based Islamic deposits

The central bank had issued new rules for Islamic bank deposits backed by asset pools using modaraba, a form of investment partnership that is common in Islamic finance.The pools will have to maintain at least 20% of their assets in liquid securities, though this level can be reduced to 10% with the approval of Shariah scholars. The rules allow banks to aggregate pools to help them manage liquidity in the short-term money market. more... (ET)

Seventh instalment : Pakistan repays $39.4m IMF loan

Pakistan has repaid the 7th instalment of $39.4 million to the International Monetary Fund (IMF) on Wednesday, a spokesperson of State Bank of Pakistan (SBP) said. more... (DT)

Increasing trade opportunities among D8 countries

Pakistan’s textile sector has suggested Developing Eight (D8) countries for the formation of combined textile market of D8 countries on Wednesday. Talking to Daily Times, Federal Adviser to the Prime Minister on Textile Dr Mirza Ikhtiar Baig said during a presentation before the D8 meeting, he presented a presentation for the development of textile sector of all stakeholders. more... (DT)

‘New avenues can increase bilateral trade volume of Pakistan, Malaysia’

Finding new avenues of opportunities and cooperation could increase bilateral trade volume of Pakistan and Malaysia. Zakaria Kamarudin, Deputy Chief Executive Officer of Trade and Services Promotion Division (TSPD) and Noraslan Hadi Abdul Kadir, Consulate General of Malaysia discussed business matters with Zafar Bakhtawari President Islamabad Chamber of Commerce and Industry (ICCI). more... (DT)

 

NAVs and Returns
as of Nov 21, 2012
Funds Offer Redemption
POGSF
10.2189/-
10.2189/-
YTD Return
12.55%
POAIIF
52.7483/-
52.2208/-
YTD Return
8.56%
POAAAF
56.24/-
54.83/-
YTD Return
9.51%
POIAAF
56.36/-
54.95/-
YTD Return
4.53%
POAF
10.85/-
YTD Return
10.28%

 

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

  Oct-12 Sep-12
MoM (%)
AUM's (PKR bn) 406.52 329.52 23.37
No of AMCs 25 25 -
No of Funds 175 175 -

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,372
Reserves
(November 16, 2012)
$13.65bn
Trade Deficit
(July-October 12)
$(6.44)bn
Curr. A/C
(July-October 12)
$0.26bn
Remittances
(Jul-October 12)
$1.36bn
Foreign Investment (July-September 12) $183.5mn
CPI Gen. - YoY
(October-12)
7.70%
CPI Gen. - FY13
(July 12- October 12)
8.80%

Commodities
 
WTI (USD/bbl) 87.59
Gold Futures(USD/oz) 1,731.30
Cement (Rs./Bag) 450.50
Coal Spot(USD/ton) 79.90
Urea Fertilizer (Rs/bag) 1,684.58
DAP (Rs./bag) 2,642.29
KCA Cotton (Rs/mound) 5,850.00

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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.