BasedLine

Date:26-Dec-2012
KSE-100 Index
 
Previous Index 16,865.34
Current Index 16,891.94
Change % 0.16%
YTD (CY12) 48.86%
YTD (FY13) 22.39%
Volume (mn) 81.76
Capitilization (USDbn) 10.35
FIPI (USDmn)(Daily) 0.22
FIPI (USDmn) (YTD) 157.22

 

KSE-100 Index
Previous Index 28,969.97
Current Index 28,058.43
Change % 0.31%
YTD (CY12) 44.30%
YTD (FY13) 22.22%
Volume (mn) 18.44
Capitilization (USDbn) 5.95

International Indicators
 
Close
%age
BSE-30 19,255.09 0.07
HANGSENG 22,541.18 0.16
NIKKEI 225 10,080.12 1.41
FTSE 5,954.18 0.24
DJIA 13,139.08 -0.39
SSEC 2,213.44 2.79
NASDAQ 3,012.60 -0.28

 
Close
%age
TASI 6,864.65 -0.24
KSE(Kuwait) 5,927.94 0.10
BSE 1,039.27 -0.57
MSM 5,672.47 -0.06
ADX 2,626.65 -0.08
DFM 1,591.21 -0.18
QSE 8,381.15 -0.11

KIBOR
 
%age
3 Months 9.37
6 Months 9.43
12 Months 9.76

T-Bills
%age
3 Months 9.28
6 Months 9.30
12 Months 9.42

Bonds
 
%age
3-Y PIB 10.45
5-Y PIB 11.03
10-Y PIB 11.55
20-Y PIB 12.13
30-Y PIB 12.23
Capital Market Overview

Market watch: Christmas holiday marks lull at Karachi bourse

The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.16% or 26.60 points to end at the 16,891.94 points level. Trade volumes plummeted to 132 million shares compared with Friday’s tally of 182 million shares. The value of shares traded during the day was Rs2.79 billion. more... (ET)

News Clippings

Income Tax Ordinance, 2001: Section 153A suspended till June 30, 2013

Section 153A of the Income Tax Ordinance, 2001 whereby every manufacturer has to collect withholding tax at the time of sale to all distributors, dealers and wholesalers, has been suspended by the Federal Board of Revenue (FBR) till June 30, 2013. more... (BR)

Domestic debt servicing reaches 60 percent of tax revenue

Domestic debt servicing has reached some 60 percent of total tax revenue in the first quarter of current fiscal year 2012-13 (FY13) is mainly due to rising and costly government borrowings. Sources in the Ministry of Finance told Business Recorder that the higher borrowing from domestic banking system for budgetary support has added to the burden of debt servicing on the federal government. more... (BR)

Energy crisis: Pakistan begins importing coal-based power plants from India

The energy crisis hit Pakistani industries have started importing coal-based small and medium sized power plants from India to meet their energy demands. Talking to Business Recorder, Zubair Tufail, former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that the plants being imported were mostly below the capacity of 10 megawatts. more... (BR)

ADB approves $245 million loan for eight DISCOs

The Asian Development Bank (ADB) has approved a loan amounting to $245 million for eight power distribution companies (DISCOs) in the country. The loan has been approved as part of a project to reduce power distribution and transmission losses that plague the entire energy chain. more... (ET)

Incentivising investments: Petroleum ministry seeks 20-year tax break for Byco

The Ministry of Petroleum and Natural Resources will seek an extension of tax holiday up to 20 years for Byco, which has set up the country’s largest refinery, but the incentive will lead to a loss of billions of rupees to state revenues. more... (ET)

Committee calls for Hafeez Shaikh’s removal

Members of the National Assembly’s Standing Committee on Finance, irked by Finance Minister Dr Hafeez Shaikh’s avoidance of the committee’s meeting, demanded his resignation on Monday. more... (D)

NAVs and Returns
as of Dec 24, 2012
Funds Offer Redemption
POGSF
10.2755/-
10.2755/-
YTD Return
11.00%
POAIIF
53.0891/-
52.5582/-
YTD Return
8.15%
POAAAF
57.81/-
56.36/-
YTD Return
12.56%
POIAAF
57.66/-
56.22/-
YTD Return
6.94%
POAF
10.91/-
YTD Return
9.24%

 

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

  Nov-12 Oct-12
MoM (%)
AUM's (PKR bn) 443.35 406.52 9.06
No of AMCs 25 25 -
No of Funds 177 175 1.14

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,372
Reserves
(December 20, 2012)
$13.21bn
Trade Deficit
(July-November 12)
$(8.16)bn
Curr. A/C
(July-November 12)
$(365)mn
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) 88.99
Gold Futures(USD/oz) 1,655.20
Cement (Rs./Bag) 455.25
Coal Spot(USD/ton) 90.65
Urea Fertilizer (Rs/bag) 1,689.58
DAP (Rs./bag) 2,520.98
KCA Cotton (Rs/mound) 6,000.00

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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.