BasedLine

Date:19-June-2013
KSE-100 Index
 
Previous Index 22,216.46
Current Index 21,919.62
Change % -1.34
YTD (CY13)% 29.66
YTD (FY13)% 58.82
Volume (mn) 199.30
Capitilization (USDbn) 13.14
FIPI (USDmn)(Daily) 4.14
FIPI (USDmn) (YTD) 548.52

 

KSE-100 Index
Previous Index 37,744.51
Current Index 37,479.26
Change % -0.70
YTD (CY13)% 28.68
YTD (FY13)% 57.63
Volume (mn) 92.41
Capitilization (USDbn) 7.13

International Indicators
 
Close
%age
BSE-30 19,223.28 -0.53
HANGSENG 21,225.80 0.00
NIKKEI 225 13,007.28 -0.20
FTSE 6,374.21 0.69
DJIA 15,318.23 0.91
SSEC 2,159.22 0.14
NASDAQ 3,482.13 0.87

 
Close
%age
TASI 7,526.29 0.84
KSE(Kuwait) 8,075.58 -0.06
BSE 1,204.41 -0.10
MSM 6,493.46 -0.25
ADX 3,659.54 0.45
DFM 2,379.49 -0.14
QSE 9,361.05 -0.73

KIBOR
 
%age
3 Months 9.48
6 Months 9.44
12 Months 9.75

T-Bills
%age
3 Months 9.32
6 Months 9.21
12 Months 9.19

Bonds
 
%age
3-Y PIB 9.60
5-Y PIB 10.08
10-Y PIB 10.97
20-Y PIB 11.97
30-Y PIB 12.14
Capital Market Overview

Market watch :Selling continues in oil and banking stocks

The Karachi Stock Exchange’s (KSE) benchmark 100-share index dropped 1.34% or 296.84 points to end at 21,919.62 points. Trade volumes dropped to 347 million shares, compared with Monday’s tally of 378 million shares. The value of shares traded during the day was Rs9.45 billion. more... (ET)

News Clippings

Group life insurance: SECP doubles minimum premium limit

The Securities and Exchange Commission of Pakistan (SECP) has increased the minimum premium limit for group life insurance required for certification by the appointed actuary of a life insurer.The limit has been increased from Rs1 million to Rs2 million. In this regard, SECP has issued a circular, which will take effect on July 1 . more... (ET)

Circular debt of Rs 503bn to end till July 31: Dar

Finance Minister Senator Ishaq Dar said on Tuesday that circular debt of Rs 503 billion would be ended till July 31 to overcome the energy crisis and bring the country to prosperity and development. more... (DT)

Cellular industry shows growth of 8.4%

Cellular mobile companies have expanded their networks to every nook and corner of the country and after two years of relatively slow network growth, cellular industry has shown a growth of 8.4 percent. Mobile subscribers at the end of March 2013 were 121.13 million, as compared to 118.32 million subscribers last year, depicting a growth over last year. more...(DT)

Reserves more than enough to cover IMF debt: SBP

Pakistan has more than enough reserves to cover dues of International Monetary Fund (IMF) as most of debt is owed to international lenders not to global markets. This was stated by Governor State Bank of Pakistan (SBP), Yaseen Anwar while addressing the 26th Saarc Finance Group Meeting and Governors' Symposium on ' The impact of EU crisis on South Asian economies,' here Tuesday. more...(BR)

(Un)burdening the existing taxpayers: Senate panel recommends cut in sales tax rate

A Senate panel on Tuesday recommended to the government, with a majority vote, that it lower the sales tax rate to 16%. It also took the opportunity to remind Finance Minister Ishaq Dar of his stance, when he sat in the opposition benches, on reducing tax rates for broadening the tax base. more...(ET)

Urea prices to increase by Rs 35 per 50kg bag

Urea prices are likely to be increased by Rs 35 to Rs 1,705 per 50 kilogrammes (kgs) bag due to changes in general sales tax (GST) rate and collection mechanism, analysts said on Tuesday. In the Federal Budget 2013-14, GST was raised to 17 percent and will be charged based on printed retail prices of fertilizer, while withholding tax levied on distributors reduced to 0.1 percent of sales, which will be collected by manufacturers. more...(DT)

NAVs and Returns
as of June 18, 2013
Funds Offer Redemption
POGSF
10.2244/-
10.2244/-
YTD Return
8.99%
POAIIF
52.6412/-
52.1148/-
YTD Return
7.22%
POAAAF
69.30/-
67.57/-
YTD Return
34.95%
POIAAF
65.64/-
64.00/-
YTD Return
21.74%
POAF
11.25/-
YTD Return
7.67%

 

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

  May-13 April-13
MoM (%)
AUM's (PKR bn) 358.53 342.13 4.70
No of AMCs 24 24 0.00
No of Funds 178 178 0.00

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-Mayl 13)
$(1.95)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) 98.60
Gold Spot(USD/oz) 1,367.60
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.