BasedLine

Date:09-July-2013
KSE-100 Index
 
Previous Index 22,178.34
Current Index 22,365.72
Change % 0.84
YTD (CY13)% 32.30
YTD (FY14)% 6.47
Volume (mn) 241.38
Capitilization (USDbn) 13.40
FIPI (USDmn)(Daily) 3.09
FIPI (USDmn) (YTD) 10.17

 

KSE-100 Index
Previous Index 38,958.63
Current Index 39,488.61
Change % 1.36
YTD (CY13)% 35.58
YTD (FY14)% 7.56
Volume (mn) 120.77
Capitilization (USDbn) 7.51

International Indicators
 
Close
%age
BSE-30 19,324.77 -0.88
HANGSENG 20,582.19 -1.31
NIKKEI 225 14,109.34 -1.40
FTSE 6,450.07 1.11
DJIA 15,224.69 0.59
SSEC 2,007.20 0.05
NASDAQ 3,484.83 0.16

 
Close
%age
TASI 7,695.25 -0.29
KSE(Kuwait) 7,933.84 -0.66
BSE 1,191.70 -0.15
MSM 6,463.51 0.25
ADX 3,645.04 1.79
DFM 2,240.59 2.64
QSE 9,282.88 -0.86

KIBOR
 
%age
3 Months 9.06
6 Months 9.08
12 Months 9.41

T-Bills
%age
3 Months 8.92
6 Months 8.90
12 Months 8.97

Bonds
 
%age
3-Y PIB 9.83
5-Y PIB 10.56
10-Y PIB 11.65
20-Y PIB 12.10
30-Y PIB 12.28
Capital Market Overview

Market watch: Moody’s credit outlook sets bullish mood

Positive developments over the weekend spurred a buying spree at the Karachi bourse. The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.84% or 187.38 points to end at 22,365.72 points. more... (ET)

News Clippings

IMF loan to help improve economy: Moody's

The Inter-national Financial Rating Agency Moody's says the newly agreed International Monetary Fund (IMF) programme with Pakistan will help improve the country's economy and development. more... (BR)

Stabilising economy: Pakistan seeks $2bn more from IMF

With the government struggling to bridge the $3 billion additional gap between external monetary outflows and inflows, the International Monetary Fund (IMF)’s deputy managing director has assured Islamabad of his support for an additional $2 billion in loans. more... (BR)

Long-term investment: Hubco plans switch to coal with $800m investment

Hub Power Company (Hubco) aims to start switching its 1,200-megawatt power plant to coal from oil as soon as the government revises policy guidelines and renegotiates the power purchase agreement to make the shift feasible, company’s CEO Khalid Mansoor says. more... (ET)

Nandipur Power Project: Chinese engineers to initiate work soon

The engineers of a Chinese company, Dong Feng, who had been working at Nandipur Power Project, have arrived at Karachi. These engineers would get released all the equipment and instruments of Nandipur Power Project lying idle at the Karachi Port. more...(BR)

Power sector: one-year strategy to be 'non-starter'

Minister for Water and Power Khawaja Muhammad Asif has reportedly prepared one-year strategy to deal with the ailing power sector without any homework and according to well-reputed analysts the strategy is a "non-starter". more...(BR)

Government fails to give $105 million: Thar coal pilot project hits snags

The Thar coal pilot project has hit snags due to government's lack of interest, as in the past three years the government failed to provide required $105 million for completion of 100MW power project in the area. more...(BR)

Ogra fixes SSGC's UfG losses at seven percent

The Oil and Gas Regulatory Authority (Ogra) has approved Unaccounted for Gas (UfG) losses of Sui Southern Gas Company Limited (SSGC) at 7 percent by reversing its previous decision when it had fixed UfG at 4.5 percent. more...(BR)

Tax raise on telecom services challenged

The Supreme Court was urged on Monday to declare tax increase on telecom services as ultra-vires of the Constitution of Pakistan. Making the Federation through Secretary Ministry of Law as respondent, Shahid Orakzai filed a petition in the Supreme Court under Article 184(3), seeking enforcement of equality before law and equal protection of law under Article 25 of the Constitution. more...(BR)

NAVs and Returns
as of July 08, 2013
Funds Offer Redemption
POGSF
10.1200/-
10.1200/-
YTD Return
N/A
POAIIF
52.1863/-
51.6644/-
YTD Return
N/A
POAAAF
54.16/-
52.81/-
YTD Return
N/A
POIAAF
56.08/-
54.68/-
YTD Return
N/A
POAF
11.28/-
YTD Return
N/A

 

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 28, 2013)
$11.00bn
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
(June-13)
5.90%
CPI Gen. - FY13
(July 12- June13)
7.40%

Commodities
 
WTI (USD/bbl) 103.02
Gold Spot(USD/oz) 1,234.90
Cement (Rs./Bag) 488.00
Coal Spot(USD/ton) 77.75
Urea Fertilizer (Rs/bag) 1,780.00
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.