BasedLine

Date:23-May-2013
KSE-100 Index
 
Previous Index 21,168.00
Current Index 21,458.90
Change % 1.37
YTD (CY13)% 26.94
YTD (FY13)% 55.48
Volume (mn) 372.66
Capitilization (USDbn) 13.29
FIPI (USDmn)(Daily) 3.78
FIPI (USDmn) (YTD) 440.11

 

KSE-100 Index
Previous Index 36,405.38
Current Index 36,957.34
Change % 1.52
YTD (CY13)% 26.89
YTD (FY13)% 55.44
Volume (mn) 183.70
Capitilization (USDbn) 9.42

International Indicators
 
Close
%age
BSE-30 20,062.24 -0.25
HANGSENG 23,261.08 -0.45
NIKKEI 225 15,627.26 1.60
FTSE 6,840.30 0.53
DJIA 15,307.17 -0.52
SSEC 2,302.40 -0.12
NASDAQ 3,463.30 -1.11

 
Close
%age
TASI 7,363.13 0.11
KSE(Kuwait) 8,222.02 -0.25
BSE 1,168.86 0.14
MSM 6,377.83 0.17
ADX 3,503.38 -0.18
DFM 2,323.34 0.17
QSE 9,085.90 0.54

KIBOR
 
%age
3 Months 9.57
6 Months 9.61
12 Months 9.91

T-Bills
%age
3 Months 9.50
6 Months 9.42
12 Months 9.42

Bonds
 
%age
3-Y PIB 9.99
5-Y PIB 10.36
10-Y PIB 11.00
20-Y PIB 12.14
30-Y PIB 12.19
Capital Market Overview

Index adds another 290.90 points

Chinese Premier's visit to Pakistan kept Karachi Stock Exchange (KSE) on the go and the benchmark-100 share index Wednesday crossed another key milestone of 21,400 points and closed at 21,458.90 level. Volume also touched record high of 572.420 million. more... (BR)

News Clippings

Need to boost trade to $15 billion stressed

Pakistan and China have expressed satisfaction over the current status of bilateral trade and urged the need for more consistent efforts on both sides to boost bilateral trade to $ 15 billion from the current $ 12.4 billion in next two years. more... (BR)

Government set to impose one percent duty on 284 items: entire WHT regime to be revised

The government has proposed to revise almost the entire withholding tax regime and impose one percent customs duty on the import of 284 duty-free items through the Tax Laws (Amendment) Ordinance of 2013 to be issued for generating additional revenue at the import stage. more... (BR)

Bank credit to private sector falls by 60pc

Bank credit to the private sector fell by 60 percent, shrinking to Rs92.89 billion during July 1, 2012 to May 10, 2013 from Rs235 billion in the same period last year, the central bank reported on Wednesday. However, public sector enterprises (PSEs) saw expansion in credit off-take by banks during the period under review, it said. more...(N)

Fertiliser sector to invest $100m in gas fields

Fertiliser manufacturers have come up with a long-term plan to invest $100 million in the development of dedicated lower British thermal unit gas fields – which can ensure sustainable supplies of raw material (feedstock) for urea manufacturing process, said Shahab Khawaja, executive director of Fertilizer Manufacturers Pakistan Advisory Council (FMPAC) on Wednesday. more...(N)

$15 billion Saudi bailout likely

With an ‘amiable’ government in place, Saudi Arabia is expected to extend a bailout package of about $15 billion to Pakistan’s highly indebted energy sector by supplying crude and furnace oil on deferred payment to enable it to resolve the chronic circular debt issue. more...(D)

Revival: New govt ready to fix economy, says Nawaz

Revenue body suggests tax on foreign remittances The Federal Board of Revenue (FBR) has suggested that the government should impose tax on the inflows of foreign exchange through remittances, as exemptions allowed have been grossly misused. more...(N)

Agri credit disbursement up by 15.74 percent

Pakistan Muslim League-N (PML-N) President Nawaz Sharif has said that his government will make all out efforts to revamp the economy, overcome the energy crisis on priority basis, and create special boards to revive public corporations like Pakistan International Airlines, Water and Power Development Authority, Pakistan Railways, Pakistan Steel Mills and others by improving their management. more...(ET)

NAVs and Returns
as of May 22, 2013
Funds Offer Redemption
POGSF
10.1674/-
10.1674/-
YTD Return
9.10%
POAIIF
52.4137/-
51.8896/-
YTD Return
7.33%
POAAAF
67.01/-
65.33/-
YTD Return
30.48%
POIAAF
64.72/-
63.10/-
YTD Return
20.03%
POAF
11.21/-
YTD Return
7.92%

 

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

  April-13 Mar-13
MoM (%)
AUM's (PKR bn) 342.43 346.19 -1.09
No of AMCs 24 24 0.00
No of Funds 178 175 1.71

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,380
Reserves
(May 03, 2013)
$11.86bn
Trade Deficit
(July 12-April13)
$(16.52)bn
Curr. A/C
(July 12-April 13)
$(1.42)bn
Remittances
(July 12-April 13)
$11.57bn
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) 93.68
Gold Spot(USD/oz) 1,367.70
Cement (Rs./Bag) 463.00
Coal Spot(USD/ton) 86.65
Urea Fertilizer (Rs/bag) 1,709.00
DAP (Rs./bag) 2,500.36
KCA Cotton (Rs/mound) 6,300.00

 

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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.