BasedLine

Date:07-Feb-2013
KSE-100 Index
 
Previous Index 17,288.07
Current Index 17,408.52
Change % 0.70%
YTD (CY13) 2.98%
YTD (FY13) 26.14%
Volume (mn) 183.90
Capitilization (USDbn) 10.69
FIPI (USDmn)(Daily) 3.92
FIPI (USDmn) (YTD) 172.60

 

KSE-100 Index
Previous Index 29,806.21
Current Index 30,125.99
Change % 1.07%
YTD (CY13) 3.43%
YTD (FY13) 26.71%
Volume (mn) 88.00
Capitilization (USDbn) 6.25

International Indicators
 
Close
%age
BSE-30 19,639.72 -0.10
HANGSENG 23,256.93 0.47
NIKKEI 225 11,463.75 3.77
FTSE 6,295.30 0.20
DJIA 13,986.52 0.05
SSEC 2,433.13 0.21
NASDAQ 3,168.48 -0.10

 
Close
%age
TASI 6,982.89 -0.14
KSE(Kuwait) 6,291.62 -0.73
BSE 1,089.16 -0.95
MSM 5,842.86 0.11
ADX 2,903.86 0.11
DFM 1,870.67 0.10
QSE 8,769.20 0.25

KIBOR
 
%age
3 Months 9.25
6 Months 9.33
12 Months 9.68

T-Bills
%age
3 Months 9.08
6 Months 9.14
12 Months 9.23

Bonds
 
%age
3-Y PIB 10.49
5-Y PIB 11.05
10-Y PIB 11.70
20-Y PIB 12.17
30-Y PIB 12.27
Capital Market Overview

E&P stocks put KSE historic high, market gains 120 points

Karachi stock market on Wednesday registered yet another record session led by exploration and production (E&P) stocks that poured in sufficient gains for the benchmark to stand strong at historic high.The Karachi Stock Exchange (KSE) 100-share index gained 120.45 points as the KSE-100 share index closed at 17,408.52 points compared to 17,288.07 points of the previous session. more... (DT)

News Clippings

‘SBP urged to decrease interest rate to 8 percent’

Lahore Chamber of Commerce and Industry (LCCI) on Wednesday urged the State Bank of Pakistan (SBP) to bring its key policy rate down to 8 percent to counter weak growth and revive fresh and private investment in the economy to create jobs.The interest rate in regional countries like Bangladesh, India and Sri Lanka is around 7 percent. more... (ET)

Government's inability adds to PSO's financial woes

The Pakistan State Oil (PSO) has to retire over Rs 55 billion on account of international Letter of Credit (LC) payments during the current month, and the government has expressed its inability to arrange the amount.PSO was supplying 22,000 tons of fuel to the power sector daily, while different power distribution companies were unable to recover full payments from their customers resulting in mounting inter-circular debt. more... (BR)

Marginal fields: gas pricing criteria approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved marginal gas fields' gas pricing criteria, according to which additional premium of $0.25 per mmbtu will be given for the three zones. According to official documents, the ECC was informed on January 29, 2013 that at present 85 percent demand of the country for oil is met through imports, while local supplies of gas amounting to 6.0 billion cubic feet (bcf) are sufficient to meet only 50 percent of the demand. more... (BR)

PSM will not be privatised: Kaira

Pakistan Steel Mills will not be privatised and the government will provide full assistance to make it a profitable entity, federal Information Minister Qamar Zaman Kaira proclaimed. Highlighting Pakistan Steel Mills' dismal financial condition, he said that although the mill was facing the toughest time in its history, privatising this national asset made no sense. more... (BR)

A first in years, foreign debt falls by $600 million

Pakistan’s external debt and liabilities have come down to $65.8 billion, a decrease of $600 million for the first time in the past few years, but this may not be a cause for complacency as shrinking foreign loans have started eating into the country’s foreign currency reserves. more... (ET)

Exports to China surge over 200% in five years

Pakistan’s exports to China rose 219% in the last five years from 2007-08 to 2011-12, far higher than the 43% increase in imports, says Commerce Minister Makhdoom Amin Fahim, indicating a reduction in trade deficit with Beijing. more... (ET)

NAVs and Returns
as of Feb 06, 2013
Funds Offer Redemption
POGSF
B.C
B.C
YTD Return
N/A
POAIIF
B.C
B.C
YTD Return
N/A
POAAAF
60.10/-
58.60/-
YTD Return
17.04%
POIAAF
58.91/-
57.44/-
YTD Return
9.26%
POAF
11.02/-
YTD Return
9.00%

 

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

  Dec-12 Nov-12
MoM (%)
AUM's (PKR bn) 334.82 443.35 (24.47)
No of AMCs 25 25 -
No of Funds 177 177 -

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,250
Reserves
(January 25, 2013)
$13.55bn
Trade Deficit
(July-December 12)
$(9.87)bn
Curr. A/C
(July-December 12)
$250mn
Remittances
(Jul-December 12)
$7.12bn
Foreign Investment (July-December 12) $562.8mn
CPI Gen. - YoY
(January-13)
8.10%
CPI Gen. - FY13
(July 12- January 13)
8.30%

Commodities
 
WTI (USD/bbl) 96.79
Gold Futures(USD/oz) 1,678.93
Cement (Rs./Bag) 458.00
Coal Spot(USD/ton) 91.05
Urea Fertilizer (Rs/bag) 1,729.00
DAP (Rs./bag) 2,520.98
KCA Cotton (Rs/mound) 6,500.00

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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 (TN) The News

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.