BasedLine

Date:24-Apr-2013
KSE-100 Index
 
Previous Index 18,605.55
Current Index 18,647.29
Change % 0.22
YTD (CY13) 10.30%
YTD (FY13) 35.11%
Volume (mn) 102.15
Capitilization (USDbn) 11.43
FIPI (USDmn)(Daily) -0.29
FIPI (USDmn) (YTD) 246.51

 

KSE-100 Index
Previous Index 32,542.11
Current Index 32,627.21
Change % 0.26
YTD (CY13) 12.02%
YTD (FY13) 37.22%
Volume (mn) 15.55
Capitilization (USDbn) 6.59

International Indicators
 
Close
%age
BSE-30 19,179.36 0.05
HANGSENG 21,806.61 -1.08
NIKKEI 225 13,529.65 -0.29
FTSE 6,406.10 2.00
DJIA 14,719.46 1.05
SSEC 2,242.17 -0.11
NASDAQ 3,269.33 1.11

 
Close
%age
TASI 7,124.40 0.00
KSE(Kuwait) 7,173.67 0.46
BSE 1,086.02 -0.19
MSM 6,142.67 0.22
ADX 3,188.21 1.12
DFM 2,021.15 1.75
QSE 8,534.78 1.09

KIBOR
 
%age
3 Months 9.58
6 Months 9.62
12 Months 9.94

T-Bills
%age
3 Months 9.46
6 Months 9.48
12 Months 9.54

Bonds
 
%age
3-Y PIB 10.69
5-Y PIB 11.30
10-Y PIB 12.00
20-Y PIB 12.53
30-Y PIB 12.63
Capital Market Overview

Market watch: Engro leads the charge, after Monday’s drop

The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.22% or 41.74 points to end at 18,647.29 point level. Trade volumes picked up, clocking in at 172 million shares compared with Monday’s tally of 134 million shares. more... (ET)

News Clippings

Buying time: IMF offers $5b as govt looks to plug budget deficit

The International Monetary Fund (IMF) has offered over $5 billion in loans under the Extended Fund Facility (EFF) to Pakistan, but the money is expected to help pay back existing IMF loans, leaving other fiscal financing requirements to be met through other international institutions. more... (ET)

PSO buys 700,000 tonnes of HSFO at higher premium

Pakistan State Oil has purchased 700,000 tonnes of fuel oil for delivery from April to July at more than $7 a tonne over its last purchase due to a supply shortage of low-density blending components in Asia, traders said on Tuesday. more...(D)

July 1, 2012 to April 12, 2013: government borrowing up by Rs 192 billion

The federal government borrowing for budgetary support from scheduled banks posted an increase of Rs 192 billion during the current fiscal year owing to rising current expenditure, higher subsidies and slow foreign inflows. more... (BR)

Working capital loans rise to Rs1.31 trillion

Working capital loans have increased to Rs1.31 trillion as of March 31, as the demand for bank loans from companies in various countries has surged.Besides, a cumulative decline of 450 basis points in the cost of borrowing (discount rate) by the State Bank of Pakistan (SBP) also whetted the corporate sector’s appetite for the working capital finance. more... (N)

Budget deficit to exceed target by 2.6% of GDP

Pakistan’s budget deficit is going to see new heights by shooting up to 7.3 percent of the gross domestic product (GDP) as against the target of 4.7 percent of the GDP during the ongoing fiscal year 2012-13. more...(DT)

Power ministry, APTMA at odds over electricity tariff: NAB seeks details of CPPs from NTDC

The National Accountability Bureau (NAB) has reportedly sought details of Captive Power Plants (CPPs) from the National Transmission and Dispatch Company (NTDC) along with purchased electricity from them, well informed sources told Business Recorder. The sources said that both the Ministry of Water and Power and All Pakistan Textile Mills Association (APTMA) are making contradictory claims regarding the pricing of electricity being generated by CPPs. more...(BR)

NAVs and Returns
as of April 23, 2013
Funds Offer Redemption
POGSF
10.2829/-
10.2829/-
YTD Return
9.32%
POAIIF
53.1216/-
52.5904/-
YTD Return
7.43%
POAAAF
63.44/-
61.85/-
YTD Return
23.53%
POIAAF
61.16/-
59.63/-
YTD Return
13.43%
POAF
11.17/-
YTD Return
8.25%

 

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) 89.52
Gold Spot(USD/oz) 1,422.39
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.