BasedLine

Date:17-June-2013
KSE-100 Index
 
Previous Index 22,757.72
Current Index 22,541.64
Change % -0.95
YTD (CY13)% 33.34
YTD (FY13)% 63.33
Volume (mn) 297.53
Capitilization (USDbn) 13.51
FIPI (USDmn)(Daily) -9.02
FIPI (USDmn) (YTD) 544.23

 

KSE-100 Index
Previous Index 38,747.31
Current Index 38,457.64
Change % -0.75
YTD (CY13)% 32.04
YTD (FY13)% 61.75
Volume (mn) 150.84
Capitilization (USDbn) 7.31

International Indicators
 
Close
%age
BSE-30 19,177.93 1.86
HANGSENG 20,969.14 0.39
NIKKEI 225 12,686.12 1.94
FTSE 6,308.26 0.06
DJIA 15,070.18 -0.70
SSEC 2,162.04 0.64
NASDAQ 3,423.56 -0.63

 
Close
%age
TASI 7,330.48 0.49
KSE(Kuwait) 7,955.15 0.30
BSE 1,198.80 0.02
MSM 6,484.23 -1.13
ADX 3,630.37 -0.85
DFM 2,347.47 -2.25
QSE 9,424.41 -0.58

KIBOR
 
%age
3 Months 9.55
6 Months 9.51
12 Months 9.79

T-Bills
%age
3 Months 9.35
6 Months 9.23
12 Months 9.24

Bonds
 
%age
3-Y PIB 9.63
5-Y PIB 10.05
10-Y PIB 10.87
20-Y PIB 11.96
30-Y PIB 12.14
Capital Market Overview

Weekly Review: Pro-business budget helps KSE sustain upward drive

The stock market pressed ahead on its upward march, following the announcement of the budget for fiscal year 2013-14, with the benchmark KSE-100 index climbing 183 points (0.8%) during the week ended June 14.. more... (ET)

News Clippings

GST increase believed to stoke up inflation

Perhaps the most hated feature of the first budget presented by the Pakistan Muslim League-Nawaz government is the increase in general sales tax (GST) from 16% to 17% primarily because it is inflationary in nature. more... (ET)

Tax collection: Govt defends decision to raise GST before end of fiscal year

Federal Minister for Finance Senator Ishaq Dar said on Saturday that the 1931 Act allowed the government to collect any increase in taxes, the General Sales Tax (GST) or customs duties immediately after the finance bill was presented to the National Assembly. more... (ET)

Post-budget: interest rates are likely to go down further

If the banks have been feeling like the State Bank of Pakistan has been squeezing their profit margins, they are likely to feel the noose tightening just a bit further over the next few months: all signals emanating from the Big Man on McLeod Road suggest that interest rates are about to go down even further, a fact that is not likely to be good for the bank’s profit margins, but may end up being better for their cash flows. more...(ET)

SBP quarterly report: The banks are not too big to fail, the government is

The State Bank of Pakistan seems to have given up considering the finance ministry a rational government body that has made some otherwise inadvisable decisions. It is now almost openly talking about the ministry as one would about a relative with a substance abuse problem.. more...(ET)

Futures spreads up by 530 basis points RECORDER REPORT

The futures spreads increased by 530 basis points during the outgoing week to 10.56 percent while the trading activities on the futures counter could not maintain the same trend and it witnessed lower-trend as average daily volumes remained low by 3.3 percent to 19.43 million shares. Similarly, the average daily trading value witnessed bearish-trend, with decrease of 7.7 percent; it closed at Rs 1,814 million . more...(BR)

Defence budget rising as percentage of GDP

Not only are country''s allocations for defence inching up as a percentage of GDP, these are eating away a higher portion of current expenditure. According to budgetary estimates, Pakistan GDP for 2012-13 is around Rs 22,909 billion. It is projected to go up to Rs 26,001 billion in 2013-14. The expenditure on Defence Affairs and Services was budgeted at Rs 545.4 billion and the revised estimates for 2012-13 is said to be Rs 570.4 billion. For next financial year (2013-14) it has been estimated at Rs 627.2 billion. more...(BR)

 

NAVs and Returns
as of June 14, 2013
Funds Offer Redemption
POGSF
10.2155/-
10.2155/-
YTD Return
9.00%
POAIIF
52.6080/-
52.0819/-
YTD Return
7.24%
POAAAF
69.94/-
68.19/-
YTD Return
36.11%
POIAAF
66.13/-
64.48/-
YTD Return
22.66%
POAF
11.25/-
YTD Return
7.77%

 

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-May 13)
$12.76bn
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) 97.88
Gold Spot(USD/oz) 1,390.50
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.