BasedLine

Date:22-Apr-2013
KSE-100 Index
 
Previous Index 18,614.36
Current Index 18,613.21
Change % 0.09
YTD (CY13) 10.21%
YTD (FY13) 34.99%
Volume (mn) 101.94
Capitilization (USDbn) 11.42
FIPI (USDmn)(Daily) 3.25
FIPI (USDmn) (YTD) 248.44

 

KSE-100 Index
Previous Index 32,534.02
Current Index 32,631.30
Change % 0.03
YTD (CY13) 11.74%
YTD (FY13) 36.88%
Volume (mn) 33.48
Capitilization (USDbn) 6.57

International Indicators
 
Close
%age
BSE-30 19,086.85 0.37
HANGSENG 22,013.57 2.33
NIKKEI 225 13,316.48 0.73
FTSE 6,286.60 0.69
DJIA 14,547.51 0.07
SSEC 2,244.64 2.14
NASDAQ 3,206.06 1.25

 
Close
%age
TASI 7,099.17 0.01
KSE(Kuwait) 7,119.62 0.59
BSE 1,088.28 -0.46
MSM 6,144.98 -0.91
ADX 3,088.97 -0.05
DFM 1,958.63 0.53
QSE 8,426.78 0.05

KIBOR
 
%age
3 Months 9.54
6 Months 9.58
12 Months 9.91

T-Bills
%age
3 Months 9.43
6 Months 9.47
12 Months 9.53

Bonds
 
%age
3-Y PIB 10.76
5-Y PIB 11.35
10-Y PIB 12.00
20-Y PIB 12.53
30-Y PIB 12.63
Capital Market Overview

Weekly Review: KSE-100 closes flat after eventful week

Disappointing results from Pakistan Telecommunication Company Limited (PTCL) and Attock Group companies led to panic at the bourse early in the week, before strong earnings by blue-chip companies aided the index’s recovery and pushed it to close at 18,631 points. more... (ET)

News Clippings

Why Islamic banking is growing rapidly in Pakistan

According to data from the State Bank of Pakistan, between 2002 and 2011, deposits at Islamic banks grew at an average annual rate of 59.6%, compared to the banking sector average of 16.1% per year during that same period.Islamic banking deposits grew 33.4% to Rs603 billion, a time during which the banking sector as a whole grew by a much lower 14.4%. more... (ET)

Last year's level breached: services exports post 37 percent growth in nine months

Exports of services trade breached last fiscal year's level, touching $5.3 billion mark during the first nine months of the current fiscal year on the back of Coalition Support Fund (CSF) payments. According to State Bank of Pakistan, services sector exports continued to post strong growth, surging by 37 percent during the fist nine months of current fiscal year against the corresponding period last fiscal year. more...(BR)

Circular debt woes: Alarm bells ring in PSO as international bank questions creditworthiness

Prime Minister Mir Hazar Khan Khoso has been informed that Pakistan State Oil (PSO)’s creditworthiness has been questioned in the global financial market, and that at least one leading international bank has expressed serious concern over a default on Letters of Credit (L/Cs) issued by the oil marketing giant.more... (ET)

Mutual funds industry stagnating due to low incentives

One of the principles of economic theory teaches that a growing sector of the economy should attract new players. However, despite annualised growth of over 32% in the net assets of open-end mutual funds in Pakistan during the last three years, the number of asset management companies (AMCs) operating in the country has remained flat. more... (ET)

Govt wants to divert water project funds

Major water sector projects of strategic nature are facing serious bottlenecks because of cost overruns and financing constraints that could delay their targeted economic benefits to the nation.Officials told Dawn on Sunday that one of the most important projects — Diamer Bhasha dam — was facing cost overruns and financing gaps even before construction could be taken in hand. more...(D)

State Bank reserves hit 10-year low

Foreign exchange reserves of State Bank have touched a 10-year low mark, and it may create serious problems for the country in making repayments to the IMF and meeting the widening current account deficit.On April 12, 2013, reserves of the State Bank stood at $6.64bn, and these were much lower than the reserves held by the central bank in 2002-03. more...(D)

NAVs and Returns
as of April 19, 2013
Funds Offer Redemption
POGSF
10.2756/-
10.2756/-
YTD Return
9.36%
POAIIF
53.0861/-
52.5552/-
YTD Return
7.45%
POAAAF
63.36/-
61.78/-
YTD Return
23.39%
POIAAF
61.26/-
59.73/-
YTD Return
13.62%
POAF
11.16/-
YTD Return
8.26%

 

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) 346.19 344.82 0.40
No of AMCs 24 25 -4.00
No of Funds 175 177 -1.13

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,250
Reserves
(April 19, 2013)
$11.69bn
Trade Deficit
(July 12-March13)
$(15.39)bn
Curr. A/C
(July 12-March 13)
$(1.02)bn
Remittances
(July 12-March 13)
$10.35bn
Foreign Investment (July-March 13) $622.00mn
CPI Gen. - YoY
(March-13)
6.57%
CPI Gen. - FY13
(July 12- March 13)
8.00%

Commodities
 
WTI (USD/bbl) 88.40
Gold Spot(USD/oz) 1,422.71
Cement (Rs./Bag) 459.00
Coal Spot(USD/ton) 87.90
Urea Fertilizer (Rs/bag) 1,712.00
DAP (Rs./bag) 2,363.98
KCA Cotton (Rs/mound) 6,700.00

 

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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.