BasedLine

Date:08-May-2013
KSE-100 Index
 
Previous Index 19,256.70
Current Index 19,262.74
Change % 0.03
YTD (CY13) 13.94%
YTD (FY13) 39.57%
Volume (mn) 137.21
Capitilization (USDbn) 11.61
FIPI (USDmn)(Daily) 7.68
FIPI (USDmn) (YTD) 333.54

 

KSE-100 Index
Previous Index 33,508.65
Current Index 33,439.63
Change % -0.21
YTD (CY13) 14.81%
YTD (FY13) 40.64%
Volume (mn) 18.01
Capitilization (USDbn) 6.75

International Indicators
 
Close
%age
BSE-30 19,888.95 1.09
HANGSENG 23,047.09 0.58
NIKKEI 225 14,180.24 3.55
FTSE 6,557.30 0.55
DJIA 15,056.09 0.58
SSEC 2,231.17 1.16
NASDAQ 3,396.63 0.11

 
Close
%age
TASI 7,182.48 -0.09
KSE(Kuwait) 7,774.05 0.75
BSE 1,120.13 0.64
MSM 6,191.47 0.06
ADX 3,339.86 0.64
DFM 2,149.73 0.01
QSE 8,845.65 0.13

KIBOR
 
%age
3 Months 9.57
6 Months 9.61
12 Months 9.94

T-Bills
%age
3 Months 9.17
6 Months 9.41
12 Months 9.46

Bonds
 
%age
3-Y PIB 10.43
5-Y PIB 10.96
10-Y PIB 11.79
20-Y PIB 12.43
30-Y PIB 12.54
Capital Market Overview

Market watch: Index continues to consolidate ahead of elections

The Karachi Stock Exchange’s (KSE) benchmark 100-share index had gained a modest 0.03% or 6.04 points by the close of the session to end at the 19,262.74 points level. Trade volumes surged to 173 million shares, compared with Monday’s tally of 137 million shares. The value of shares traded during the day was Rs5.28 billion. more... (ET)

News Clippings

Per capita income grows just 4.3% this year

With discrepancies in the methodologies used to estimate this year’s total national income that wipe at least Rs600 billion off the economy, the per capita income has grown by an unimpressive 4.3% to $1,380. more... (ET)

In a bid to expand SME financing, State Bank eases regulations

In a significant departure from previous policies, the State Bank of Pakistan has eased the rules that govern how and how much banks can lend to small and medium enterprises. The changes include a raise in maximum loan limits and a dramatic reduction in documentation requirements for small enterprises. more...(ET)

SECP passes orders against insurance companies

The Securities and Exchange Commission (SECP) passed orders on Tuesday against a Takaful provider and a life insurer for breaching the Insurance Ordinance, 2000 and the Companies Ordinance, 1984. more... (ET)

Chairman may be removed despite State Life’s unprecedented growth

Last week, media reports emerged that Shahid Aziz Siddiqi, who became State Life chairman in June 2008, had been sacked by the caretaker government allegedly because he was a ‘political appointee’ of the last government. more... (ET)

Budget (2013-14): FED to be used to maximise revenue

The Federal Board of Revenue has decided to use Federal Excise Duty (FED) for maximum revenue generation in Budget (2013-14) by imposing the FED on many exempted items including lubricating oil and bitumen from next fiscal year. Sources told Business Recorder here on Tuesday that the tax policy for the FED has now been changed for Budget 2013-14. more...(BR)

Economy shrinks by Rs600 billion

In an intriguing development, the size of Pakistan’s economy has decreased by Rs600 billion during the outgoing financial year as it stood at Rs22.909 trillion compared to the earlier official projection of Rs23.5 trillion in the aftermath of rebasing of economy from 1999-2000 to 2005-06, revealed official statistics available with The News. more...(TN)

Pak-China currency swap accord implemented

Pakistan will no more have to use the US dollar as an intermediary currency to trade with China since a currency swap arrangement (CSA) between the State Bank of Pakistan and People’s Bank of China (PBoC) has been implemented from Tuesday, the central bank said. more...(TN)

NAVs and Returns
as of May 07, 2013
Funds Offer Redemption
POGSF
10.1414/-
10.1414/-
YTD Return
9.24%
POAIIF
52.2788/-
51.7560/-
YTD Return
7.38%
POAAAF
63.60/-
62.01/-
YTD Return
23.85%
POIAAF
61.52/-
59.98/-
YTD Return
14.10%
POAF
11.20/-
YTD Return
8.17%

 

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 $1,380
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
(April-13)
5.80%
CPI Gen. - FY13
(July 12- April 13)
7.80%

Commodities
 
WTI (USD/bbl) 95.81
Gold Spot(USD/oz) 1,455.76
Cement (Rs./Bag) 459.00
Coal Spot(USD/ton) 85.80
Urea Fertilizer (Rs/bag) 1,709.00
DAP (Rs./bag) 2,490.49
KCA Cotton (Rs/mound) 6,600.00

 

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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.