BasedLine

Date:01-July-2013
KSE-100 Index
 
Previous Index 21,015.34
Current Index 21,005.69
Change % -0.05
YTD (CY13)% 24.25
YTD (FY13)% 52.20
Volume (mn) 108.12
Capitilization (USDbn) 12.59
FIPI (USDmn)(Daily) -3.31
FIPI (USDmn) (YTD) 568.87

 

KSE-100 Index
Previous Index 36,593.05
Current Index 36,713.89
Change % 0.33
YTD (CY13)% 26.05
YTD (FY13)% 54.41
Volume (mn) 57.73
Capitilization (USDbn) 6.98

International Indicators
 
Close
%age
BSE-30 19,395.51 2.75
HANGSENG 20,803.29 1.78
NIKKEI 225 13,677.32 3.51
FTSE 6,215.47 -0.45
DJIA 14,909.60 -0.76
SSEC 1,979.21 1.50
NASDAQ 3,403.25 0.04

 
Close
%age
TASI 7,496.57 -0.10
KSE(Kuwait) 7,772.85 -1.77
BSE 1,187.79 -0.08
MSM 6,338.35 0.07
ADX 3,551.24 0.30
DFM 2,222.57 0.00
QSE 9,275.56 -0.25

KIBOR
 
%age
3 Months 9.08
6 Months 9.09
12 Months 9.41

T-Bills
%age
3 Months 8.94
6 Months 8.92
12 Months 8.94

Bonds
 
%age
3-Y PIB 9.44
5-Y PIB 10.07
10-Y PIB 10.93
20-Y PIB 11.78
30-Y PIB 11.99
Capital Market Overview

Weekly Review: KSE continues to slide despite interest rate cut

Bears tightened their grip on the country’s largest bourse despite a 50 basis points reduction in the discount rate as the benchmark Karachi Stock Exchange’s 100 share index slid 693 points (3.59%) during the week to close at 21,005 points. more... (ET)

News Clippings

Pakistan to decide on IMF loan agreement today

Ministry of Finance will decide today whether Pakistan will enter a fresh loan agreement with International Monetary Fund.According to sources, Pakistan and the IMF will have to agree upon eight conditionalities for entering into a fresh bailout package of $4.5 to $5 billion. Once agreed, the Fund will extend a Letter of Intent (LoI) with one likely condition that it should be duly signed by the prime minister of the country. more... (N)

UK to help Pakistan get GSP-Plus status

British Prime Minister David Cameron on Sunday promised to increase the quantum of bilateral trade to £3 billion by 2015 and vowed to stand together with Pakistan in the war against terror to help chalk out a peace deal in Afghanistan. The UK will fully support Pakistan to get GSP-Plus status‚which will help to give new boost of its trade with the European Union. more... (BR)

Focusing on export-led growth: PC devising new tariff rationalisation mechanism

The Planning Commission is reported to have decided to replace the existing tariff system with a new tariff rationalisation mechanism with a focus on export-led growth and import liberalisation, sources told Business Recorder on Sunday. more...(BR)

Ogra notifies hike in POL and CNG prices

The federal government on Sunday approved an increase in prices of petroleum products and Compressed Natural Gas (CNG) effective from first July. more...(BR)

July-June (2012-13): FBR suffers Rs 456 billion historical shortfall

The Federal Board of Revenue (FBR) has suffered historic shortfall of Rs 456 billion as provisional revenue collection in 2012-13 stood at Rs 1,925 billion against budgetary target of Rs 2,381 billion. more...(BR)

Electricity crisis: Power utilities wrote off Rs25.8b

An official document of the Sindh government’s energy department, a copy made available with the Express Investigation Cell (EIC), indicates that Hesco and Sepco wrote off Rs25.8 billion in March 2013 – the last month of the Pakistan Peoples Party’s tenure at the centre and province., documents show. more...(ET)

New Saudi labour laws may restrict remittances to Pakistan

More than 50,000 illegal Pakistani workers in Saudi Arabia would face deportation after July 3, who are not only bread-winner for their families, but also play a key role in the economy in the form of remittances. more...(ET)

NAVs and Returns
as of June 28, 2013
Funds Offer Redemption
POGSF
10.2477/-
10.2477/-
YTD Return
8.98%
POAIIF
52.7279/-
52.2006/-
YTD Return
7.19%
POAAAF
67.69/-
66.00/-
YTD Return
31.82%
POIAAF
64.93/-
63.31/-
YTD Return
20.43%
POAF
11.26/-
YTD Return
7.52%

 

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
(June 21, 2013)
$11.34bn
Trade Deficit
(July 12-April13)
$(16.52)bn
Curr. A/C
(July 12-May13)
$(1.95)bn
Remittances
(July 12-May 13)
$12.76bn
Foreign Investment (July-March13) $622.00mn
CPI Gen. - YoY
(May-13)
5.10%
CPI Gen. - FY13
(July 12- May13)
7.51%

Commodities
 
WTI (USD/bbl) 96.35
Gold Spot(USD/oz) 1,223.70
Cement (Rs./Bag) 488.00
Coal Spot(USD/ton) 81.20
Urea Fertilizer (Rs/bag) 1,779.00
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.