BasedLine

Date:18-Mar-2013
KSE-100 Index
 
Previous Index 17,740.69
Current Index 17,664.83
Change % -0.43%
YTD (CY13) 4.49%
YTD (FY13) 27.99%
Volume (mn) 79.67
Capitilization (USDbn) 10.77
FIPI (USDmn)(Daily) -0.92
FIPI (USDmn) (YTD) 211.17

 

KSE-100 Index
Previous Index 30,735.76
Current Index 30,636.74
Change % -0.32%
YTD (CY13) 5.19%
YTD (FY13) 28.85%
Volume (mn) 37.43
Capitilization (USDbn) 6.24

International Indicators
 
Close
%age
BSE-30 19,427.56 -0.73
HANGSENG 22,533.11 -0.38
NIKKEI 225 12,560.95 1.45
FTSE 6,489.60 -0.61
DJIA 14,514.11 -0.17
SSEC 2,278.40 0.36
NASDAQ 3,249.07 -0.30

 
Close
%age
TASI 7,025.37 0.56
KSE(Kuwait) 6,732.96 -0.04
BSE 1,125.95 0.97
MSM 6,103.83 0.44
ADX 3,030.37 0.73
DFM 1,916.21 -0.30
QSE 8,583.78 0.59

KIBOR
 
%age
3 Months 9.45
6 Months 9.55
12 Months 9.89

T-Bills
%age
3 Months 9.30
6 Months 9.43
12 Months 9.53

Bonds
 
%age
3-Y PIB 11.02
5-Y PIB 11.50
10-Y PIB 12.00
20-Y PIB 12.51
30-Y PIB 12.61
Capital Market Overview

Weekly review: Politics drags KSE-100 index down 300 points

The stock market closed in the red for a second week in a row, as politics dominated proceedings at the bourse. The week ended March 15 saw the benchmark Karachi Stock Exchange (KSE)-100 index close down another 300 points (1.7%). more... (ET)

News Clippings

Momentous moment: National Assembly dissolved

For the first time in country's nearly 66-year history, a democratically elected National Assembly completed on Saturday night its five-year tenure. It, therefore, stood dissolved under Article-52 of the Constitution. A notification to this effect has been issued by the Ministry of Parliamentary Affairs. more... (BR)

Execution through Presidential Ordinance: tax amnesty scheme likely from April 1

The Finance Ministry on Saturday hinted at implementing tax amnesty scheme, which the government was unable to push through the outgoing Parliament due to opposition, through Presidential Ordinance from April 1, 2013. There is a possibility that the amnesty bill could be implemented by the President through an Ordinance from April 1, 2013,Saleem Mandviwalla said. more... (BR)

Qadirpur Gas Field: OGDCL adds 35mmcfd gas to system

Oil and Gas Development Company (OGDCL) has added 35 million cubic feet (mmcfd) gas per day into the system from Qadirpur Gas Field, officials said. An official of the Director General Gas, Ministry of Petroleum, told Business Recorder here on Saturday that the OGDCL by installing 11 compressors at the site had enhanced gas production of the field from 400 mmcfd to 435 mmcfd. more... (BR)

Two percent ST only on local supplies: exports are zero-rated under VAT regime: FBR

The Federal Board of Revenue has not imposed 2 percent sales tax on exports under SRO.154(I)/2013 dated February 28, 2013 as exports are zero-rated under the Value Added Tax (VAT) regime. Sources told Business Recorder here on Saturday that all exports are zero-rated and cannot be subjected to the sales tax under any notification. more... (BR)

Optical fibre: Wateen Telecom wins Sindh project

Wateen Telecom has been awarded a millions of rupees worth of project to develop an extensive optical fibre network in Sindh. According to a press release, the project, being subsidised by the IT ministry’s Universal Services Fund, entails the laying of an optical fibre network over 1,037 km in the southern telecom region. USF will provide Rs449 million in the form of subsidy and rest of the cost will be borne by Wateen. more... (ET)

Poverty alleviation : ADB pledges another $200 million for BISP

The Asian Development Bank announced to financially support the Benazir Income Support Programme (BISP), pledging another $200 million. Previously, the bank had provided $150 million to support the programme. more... (ET)

NAVs and Returns
as of March 15, 2013
Funds Offer Redemption
POGSF
10.2040/-
10.2040/-
YTD Return
9.62%
POAIIF
52.7626/-
52.2409/-
YTD Return
7.59%
POAAAF
61.35/-
59.82/-
YTD Return
19.47%
POIAAF
59.06/-
57.58/-
YTD Return
9.53%
POAF
11.09/-
YTD Return
8.58%

 

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

  Feb-13 Jan-13
MoM (%)
AUM's (PKR bn) 344.82 342.95 0.55
No of AMCs 25 25 -
No of Funds 177 176 0.57

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,250
Reserves
(March 08, 2013)
$12.56bn
Trade Deficit
(July 12-February 13)
$(13.18)bn
Curr. A/C
(July 12-January 13)
$62mn
Remittances
(July 12-February 13)
$9.23bn
Foreign Investment (July-January 13) $662.2mn
CPI Gen. - YoY
(February-13)
7.38%
CPI Gen. - FY13
(July 12- February 13)
8.20%

Commodities
 
WTI (USD/bbl) 92.33
Gold Futures(USD/oz) 1,598.35
Cement (Rs./Bag) 456.00
Coal Spot(USD/ton) 83.88
Urea Fertilizer (Rs/bag) 1,740.42
DAP (Rs./bag) 2,365.85
KCA Cotton (Rs/mound) 6,800.00

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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.