BasedLine

Date:10-June-2013
KSE-100 Index
 
Previous Index 22,276.70
Current Index 22,358.96
Change % 0.37
YTD (CY13)% 32.26
YTD (FY13)% 62.00
Volume (mn) 216.03
Capitilization (USDbn) 13.42
FIPI (USDmn)(Daily) 1.94
FIPI (USDmn) (YTD) 556.03

 

KSE-100 Index
Previous Index 37,927.41
Current Index 37,900.39
Change % -0.07
YTD (CY13)% 30.13
YTD (FY13)% 59.40
Volume (mn) 74.71
Capitilization (USDbn) 7.63

International Indicators
 
Close
%age
BSE-30 19,429.23 -0.46
HANGSENG 21,575.26 -1.21
NIKKEI 225 12,877.53 -0.21
FTSE 6,412.00 1.20
DJIA 15,248.12 1.38
SSEC 2,210.90 -2.71
NASDAQ 3,469.22 1.32

 
Close
%age
TASI 7,642.24 -0.04
KSE(Kuwait) 7,902.67 -1.56
BSE 1,195.38 -0.50
MSM 6,549.61 0.79
ADX 3,590.43 0.25
DFM 2,399.86 0.90
QSE 9,335.21 0.48

KIBOR
 
%age
3 Months 9.55
6 Months 9.49
12 Months 9.78

T-Bills
%age
3 Months 9.43
6 Months 9.23
12 Months 9.20

Bonds
 
%age
3-Y PIB 9.67
5-Y PIB 9.96
10-Y PIB 10.79
20-Y PIB 11.94
30-Y PIB 12.12
Capital Market Overview

Weekly Review: Bulls continue domination as KSE breaches 22,000 barrier

The bulls continued to dominate proceedings at the stock market as the post-election euphoria failed to die down and the benchmark KSE-100 index shattered the 22,000-point barrier to close with a gain of 535 points (2.5%) during the week ended June 7. more... (ET)

News Clippings

Money matters: Government to unveil budget on June 12

There will be no quick fixes to Pakistan’s economic crisis, cautioned newly appointed Finance Minister Ishaq Dar in his maiden press talk on Saturday. Warning that the debt burden was extremely high, Dar was clear that austerity measures and increasing the tax base would be some of the steps his government takes as it tries to put Pakistan’s economy back on the rails. more... (ET)

Businessmen expect a ‘pro-business’ budget

The newly elected government will confidently present a business-friendly budget, and the revival of the economy will gain pace, said president of the Faisalabad Chamber of Commerce and Industry Mian Zahid Aslam on Saturday. more... (ET)

Iran sets up border market

Iran has launched a border market to sell diesel fuel to buyers in Pakistan and Afghanistan. The move has been taken to counter smuggling of fuel through its border areas, Iranian news agencies reported. more...(ET)

Hybrid vehicle import: government eyes 50 percent cut in WHT

The government has decided a 50 percent reduction in withholding tax on import of hybrid vehicles of up to 1800cc, Business Recorder learnt on good authority on Sunday. It has also decided to impose a minimum tax on builders in the construction sector, besides imposing adjustable withholding tax on marriage functions in halls. more...(BR)

NEC to set 4.4 percent growth target

The National Economic Council (NEC), which is scheduled to meet on Monday (today) under the chairmanship of Prime Minister Nawaz Sharif, will set GDP growth target at 4.4 percent along with the following sectoral growth targets: agriculture 3.8 percent, industry 4.8 percent and services at 4.6 percent for 2013-14. more...(BR)

Urea import deal unlikely to mature

The successful completion of a deal between Trading Corporation of Pakistan (TCP) and M/s Toepfer International for importing 50,000 tons of urea is still doubtful, as the contract award letter was issued after expiry of bid. Sources said that in response of TCP's tender award letter, the lowest bidder regretted via an immediate reply and asked TCP to wait till Monday (today). more...(BR)

NAVs and Returns
as of June 07, 2013
Funds Offer Redemption
POGSF
10.2037/-
10.2037/-
YTD Return
9.06%
POAIIF
52.5842/-
52.0227/-
YTD Return
7.26%
POAAAF
68.99/-
67.27/-
YTD Return
34.35%
POIAAF
65.28/-
63.65/-
YTD Return
21.08%
POAF
11.23/-
YTD Return
7.69%

 

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 24, 2013)
$11.62bn
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
(May-13)
5.10%
CPI Gen. - FY13
(July 12- May 13)
7.51%

Commodities
 
WTI (USD/bbl) 96.15
Gold Spot(USD/oz) 1,385.80
Cement (Rs./Bag) 463.00
Coal Spot(USD/ton) 87.35
Urea Fertilizer (Rs/bag) 1,734.00
DAP (Rs./bag) 2,500.36
KCA Cotton (Rs/mound) 6,400.00

 

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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.