BasedLine

Date:18-July-2013
KSE-100 Index
 
Previous Index 23,160.89
Current Index 22,994.72
Change % -0.72
YTD (CY13)% 36.02
YTD (FY14)% 9.47
Volume (mn) 160.49
Capitilization (USDbn) 13.78
FIPI (USDmn)(Daily) -1.21
FIPI (USDmn) (YTD) 18.71

 

KSE-100 Index
Previous Index 40,144.72
Current Index 39,867.69
Change % -0.69
YTD (CY13)% 36.88
YTD (FY14)% 8.59
Volume (mn) 69.44
Capitilization (USDbn) 7.58

International Indicators
 
Close
%age
BSE-30 19,948.73 0.49
HANGSENG 21,371.87 0.28
NIKKEI 225 14,615.04 0.11
FTSE 6,571.93 0.24
DJIA 15,470.52 0.12
SSEC 2,044.92 -1.01
NASDAQ 3,610.52 0.33

 
Close
%age
TASI 7,699.25 -0.05
KSE(Kuwait) 7,922.14 0.54
BSE 1,189.08 0.14
MSM 6,582.92 0.14
ADX 3,800.28 0.34
DFM 2,495.46 2.01
QSE 9,473.27 0.38

KIBOR
 
%age
3 Months 9.02
6 Months 9.07
12 Months 9.38

T-Bills
%age
3 Months 8.90
6 Months 8.93
12 Months 9.00

Bonds
 
%age
3-Y PIB 10.10
5-Y PIB 10.75
10-Y PIB 11.41
20-Y PIB 12.08
30-Y PIB 12.25
Capital Market Overview

Market watch: Cements, oils pull KSE below 23,000 points

rket watch :The Karachi Stock Exchange’s (KSE) benchmark 100-share index shed 0.72% or 166.17 points to end at 22,994.72 points. Trade volumes rose to 232 million shares, compared with Tuesday’s tally of 223 million shares. more... (ET)

News Clippings

No marked improvement in supply even after Rs 342 billion payout!

The greatest puzzle is where the Rs 342 billion paid to IPPs go? Power sector experts maintain that the answers to these puzzling questions lie in the earlier payout of Rs 301 billion to the IPPs and other Gencos in 2009-10 that were parked on the books of Power Holding Company Limited. more... (BR)

Import of urea: approval by ECC turns out to be mega scandal

The import of 0.3 million tons of urea recently approved by the Economic Co-ordination Committee (ECC) of the Cabinet has reportedly turned out to be a mega scandal as two ministries are challenging each other's definition of "emergency". more... (BR)

TCP postpones urea tender: PPRA rules violated: TI Pakistan

The Trading Corporation of Pakistan (TCP) on Wednesday postponed opening of urea import tender as the Transparency International Pakistan has accused it of violating Public Procurement Rules 2004. more... (BR)

Rs 220 billion subsidy may prove inadequate

The budgeted subsidy of Rs 220 billion for the power sector may not be adequate for the current fiscal year if no decision on rationalisation of tariff structure, improved efficiency in the system through reduced transmission and distribution losses and better fuel mix is taken as soon as possibl. more...(BR)

Rs 5.271bn proposed for employment generation schemes

An amount of Rs 5.271 billion is proposed for the year 2013-14 to fund 10 ongoing projects of Ministry of Education and Training including Rs 350 million to National Vocational and Technical Training Commission (NAVTTC) to fund 134 development projects. more...(DT)

Iran to take wheat for power in barter with Pakistan

Iran has agreed to take wheat worth $9 million from Pakistan in exchange for settling part of payment owed by Pakistan for electricity supply, Iranian Deputy Energy Minister Mohammad Behzad was quoted by the MEHR news agency as saying. more...(DT)

EOBI scam: DHA given two days to deposit Rs 22 billion

Hearing a suo motu notice case of alleged corruption of Rs 40 billion in the Employees' Old-Age Benefit Institution (EOBI) on Wednesday, the Supreme Court granted two days to Defence Housing Authority (DHA) to deposit Rs 22 billion with the Registrar's office; or, have its accounts frozen. more...(BR)

NAVs and Returns
as of July 17, 2013
Funds Offer Redemption
POGSF
10.1354/-
10.1354/-
YTD Return
5.95%
POAIIF
52.2692/-
51.7465/-
YTD Return
6.31%
POAAAF
55.12/-
53.74/-
YTD Return
5.75%
POIAAF
56.78/-
55.36/-
YTD Return
4.24%
POAF
11.30/-
YTD Return
8.85%

 

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

  Jun-13 May-13
MoM (%)
AUM's (PKR bn) 360.18 358.53 0.46
No of AMCs 24 24 0.00
No of Funds 180 178 1.12

Economic Highlights
 
GDP Growth FY12 3.70%
Per Capita Income $1,380
Reserves
(July 05, 2013)
$10.54bn
Trade Deficit
(July 12-June13)
$(20.5)bn
Curr. A/C
(July 12-May13)
$(1.95)bn
Remittances
(July 12-June 13)
$13.92bn
Foreign Investment (July-June 13) $1.57bn
CPI Gen. - YoY
(June-13)
5.90%
CPI Gen. - FY13
(July 12- June13)
7.40%

Commodities
 
WTI (USD/bbl) 106.43
Gold Spot(USD/oz) 1,278.58
Cement (Rs./Bag) 490.00
Coal Spot(USD/ton) 77.75
Urea Fertilizer (Rs/bag) 1,779.00
DAP (Rs./bag) 2,500.36
KCA Cotton (Rs/mound) 6,655.00

 

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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.