BasedLine

Date:17-Dec-2012
KSE-100 Index
 
Previous Index 16,806.58
Current Index 16,845.09
Change % 0.23%
YTD (CY12) 48.45%
YTD (FY13) 22.05%
Volume (mn) 71.30
Capitilization (USDbn) 10.32
FIPI (USDmn)(Daily) 3.44
FIPI (USDmn) (YTD) 164.09

 

KSE-100 Index
Previous Index 28,825.72
Current Index 28,873.45
Change % 0.17%
YTD (CY12) 43.38%
YTD (FY13) 21.44%
Volume (mn) 23.34
Capitilization (USDbn) 5.91

International Indicators
 
Close
%age
BSE-30 19,327.69 0.50
HANGSENG 22,521.79 -0.25
NIKKEI 225 9,875.09 1.09
FTSE 5,921.76 -0.13
DJIA 13,135.01 -0.27
SSEC 2,161.55 1.92
NASDAQ 2,971.33 -0.70

 
Close
%age
TASI 6,851.16 0.40
KSE(Kuwait) 5,937.56 0.12
BSE 1,046.26 -0.03
MSM 5,635.95 -0.20
ADX 2,614.11 0.07
DFM 1,576.23 -0.52
QSE 8,335.48 0.05

KIBOR
 
%age
3 Months 9.42
6 Months 9.47
12 Months 9.81

T-Bills
%age
3 Months 9.28
6 Months 9.34
12 Months 9.44

Bonds
 
%age
3-Y PIB 10.48
5-Y PIB 11.01
10-Y PIB 11.50
20-Y PIB 12.11
30-Y PIB 12.23
Capital Market Overview

Weekly review: KSE remains range-bound in anticipation of interest rate cut

The benchmark KSE-100 index still managed to gain 37 points (0.2%) and hit a new all-time high of 16,845 points by the end of the week. Volumes dropped by a whopping 43% to 135 million shares traded per day on average, down from 235 million shares per day during the previous week. more... (ET)

News Clippings

New IMF SBA: no formal request so far

Pakistan has not sent any formal request to the International Monetary Fund (IMF) for a new loan programme, sources close to IMF told Business Recorder. To a question asked by this scribe whether Pakistan has requested the Fund to defer or postpone repayments under the last Stand By Arrangement (SBA) programme, the sources said, "There has been no discussions of deferral or postponement of payments to the IMF. more... (BR)

MQM urges Supreme Court to withdraw contempt notice

Leaders of Muttahida Qaumi Movement (MQM), including Deputy Convenor of MQM's Co-ordination Committee Dr Farooq Sattar, on Sunday demanded of the Supreme Court to withdraw the contempt notice against their party chief Altaf Hussain, otherwise people from all over the country would respond by going to the apex court in Islamabad. more... (BR)

Friendly-fire: Pakistan Petroleum grilled on expansion plans

Pakistan Petroleum (PPL) is under friendly-fire by the Economic Coordination Committee (ECC) for ignoring to tap local oil and gas reserves and expanding its operations abroad, when on the other hand the government is trying to woo foreign oil and gas firms to invest in Pakistan. more... (ET)

Lowest in six years: Central bank cuts interest rate to 9.5%

In the wake of a persistent decline in inflation, the State Bank of Pakistan (SBP) has cut interest rates by 50 basis points (bps) to bring it down to 9.5% – lowest in six years – with effect from December 17, 2012. more... (D)

MFN status to India: Cabinet to examine trade liberalisation critically

Pakistan may suffer a decline in international investment after granting Most Favoured Nation (MFN) status to India as investors may prefer to invest in the bigger market, stakeholders insist. The federal cabinet is all set to review the trade liberalisation process between Pakistan and India prior to granting MFN status to India. more... (BR)


Circular debt: Probe begins against state-owned oil, gas firms

Petroleum ministry has begun probe of alleged involvements of state-owned oil and gas firms in supplying fuel to the power sector and oil refineries in breach of agreements after their receivables exceeded Rs447 billion leading to their financial collapse. more... (ET)

 

NAVs and Returns
as of Dec 14, 2012
Funds Offer Redemption
POGSF
10.2558/-
10.2558/-
YTD Return
11.58%
POAIIF
52.9866/-
52.4567/-
YTD Return
8.38%
POAAAF
58.29/-
56.83/-
YTD Return
13.50%
POIAAF
57.55/-
56.11/-
YTD Return
6.73%
POAF
10.89/-
YTD Return
9.56%

 

Funds Rating
AMC
AM3
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
2 Star
POIAAF
4 Star
POGSF
AA(f)

  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
(December 07, 2012)
$13.37bn
Trade Deficit
(July-November 12)
$(8.16)bn
Curr. A/C
(July-October 12)
$0.26bn
Remittances
(Jul-November 12)
$5.98bn
Foreign Investment (July-September 12) $183.5mn
CPI Gen. - YoY
(November-12)
6.93%
CPI Gen. - FY13
(July 12- November 12)
8.40%

Commodities
 
WTI (USD/bbl) 86.83
Gold Futures(USD/oz) 1,692.40
Cement (Rs./Bag) 451.50
Coal Spot(USD/ton) 90.65
Urea Fertilizer (Rs/bag) 1,678.33
DAP (Rs./bag) 2,520.98
KCA Cotton (Rs/mound) 5,850.00

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(BR) Business Recorder, (D) Dawn, (ET) Tribune, (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.