BasedLine

Date:15-Apr-2013
KSE-100 Index
 
Previous Index 18,764.55
Current Index 18,714.28
Change % -0.27
YTD (CY13) 10.70%
YTD (FY13) 35.60%
Volume (mn) 118.70
Capitilization (USDbn) 11.49
FIPI (USDmn)(Daily) -1.20
FIPI (USDmn) (YTD) 239.65

 

KSE-100 Index
Previous Index 33,121.22
Current Index 32,977.39
Change % -0.43
YTD (CY13) 13.22%
YTD (FY13) 38.70%
Volume (mn) 23.24
Capitilization (USDbn) 6.67

International Indicators
 
Close
%age
BSE-30 18,242.56 -1.62
HANGSENG 22,089.05 -0.06
NIKKEI 225 13,485.14 -0.47
FTSE 6,384.40 -0.49
DJIA 14,865.06 0.00
SSEC 2,206.78 -0.58
NASDAQ 3,294.95 -0.16

 
Close
%age
TASI 7,195.67 -0.38
KSE(Kuwait) 6,963.65 -0.20
BSE 1,091.88 0.36
MSM 6,263.01 0.07
ADX 3,134.09 0.22
DFM 1,975.70 0.00
QSE 8,381.03 -1.18

KIBOR
 
%age
3 Months 9.53
6 Months 9.58
12 Months 9.92

T-Bills
%age
3 Months 9.39
6 Months 9.43
12 Months 9.51

Bonds
 
%age
3-Y PIB 10.82
5-Y PIB 11.33
10-Y PIB 12.00
20-Y PIB 12.50
30-Y PIB 12.60
Capital Market Overview

Weekly Review: KSE-100 keeps climbing amid political uncertainty

The KSE-100 index closed four of the five sessions of the week in the black, although the gains were much smaller than the previous week, before profit-taking was recorded on Friday. The index closed the week at 18,714 points, a new record high. more... (ET)

News Clippings

Reserves adequate to meet forex obligations: SBP

Despite massive decline in forex reserves, the State Bank of Pakistan feels that its reserves would be adequate to meet all forex obligations. The SBP's second quarterly report revealed that despite a current account surplus of $218 million in the first half of FY13 against a deficit of US $2.4 billion in H1-FY12, the country's foreign reserves has witnessed massive decline. more... (BR)

How to save foreign exchange reserves?

Foreign exchange reserves of the country seem to be standing on a critical point again. According to statistics released by the State Bank of Pakistan, the reserves fell to $12 billion after the payment of $44 million to the International Monetary Fund (IMF) last week. more...(ET)

Need to increase export of value added items stressed

Federal Minister for Commerce and Textile Maqbool H H Rahmatoola on Sunday said that we must increase export of value added items for the survival of the country.He said that the government is working on increasing exports while focusing on small and medium enterprises. more... (D)

Inflation rate to stay within target

The State Bank of Pakistan has projected that the average inflation rate for the year will remain within target. According to SBP second quarterly report, headline inflation, which had been declining since the beginning of the current fiscal year, reached a low of 6.9 percent in November 2012 (YoY). Accordingly, average inflation for the first half of FY13 fell to 8.3 percent against 10.9 percent in the corresponding period last year. more... (BR)

Team to visit Washington for talks with IMF, US officials

With the State Bank of Pakistan raising concern over the country’s rapidly sliding foreign exchange reserves and higher than estimated fiscal deficit, the government will hold crucial talks with international lending agencies and the US administration this week to seek fresh inflows for budgetary support. more...(D)

Pak pharmas urged to tap Nigerian market

Ahmed Ali Sirohey, the Deputy Ambassador of Pakistan at Nigeria stressed the importance of Nigeria as a big market for Pakistani Pharma Products. He further informed the audience that in the year 2012, approximately US$1.1 billion worth of medicines were imported by Nigeria. more... (FD)

Fiscal Year 2013: SBP sees up to four percent growth

The State Bank of Pakistan has said that the outlook for the economy is strongly influenced by the perceived vulnerabilities in the external sector and the country is likely to achieve a GDP growth rate of upto 4 percent against the target of 4.3 percent for FY13. more...(BR)

NAVs and Returns
as of April 12, 2013
Funds Offer Redemption
POGSF
10.2556/-
10.2556/-
YTD Return
9.34%
POAIIF
53.0324/-
52.5021/-
YTD Return
7.50%
POAAAF
64.28/-
62.67/-
YTD Return
25.16%
POIAAF
62.36/-
60.80/-
YTD Return
15.66%
POAF
11.14/-
YTD Return
8.20%

 

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

  Mar-13 Feb-13
MoM (%)
AUM's (PKR bn) 345.02 344.82 0.60
No of AMCs 24 25 -4.00
No of Funds 177 178 -0.56

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,250
Reserves
(April 5, 2013)
$11.75bn
Trade Deficit
(July 12-February 13)
$(10.17)bn
Curr. A/C
(July 12-February 13)
$(700)mn
Remittances
(July 12-March 13)
$10.35bn
Foreign Investment (July-February 13) $672.00mn
CPI Gen. - YoY
(March-13)
6.57%
CPI Gen. - FY13
(July 12- March 13)
8.00%

Commodities
 
WTI (USD/bbl) 89.07
Gold Spot(USD/oz) 1,441.65
Cement (Rs./Bag) 457.88
Coal Spot(USD/ton) 81.37
Urea Fertilizer (Rs/bag) 1,716.82
DAP (Rs./bag) 2,363.98
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

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.