BasedLine

Date:13-Aug-2013
KSE-100 Index
 
Previous Index 23,237.19
Current Index 23,437.99
Change % 0.86
YTD (CY13)% 38.64
YTD (FY14)% 11.58
Volume (mn) 205.71
Capitilization (USDbn) 13.63
FIPI (USDmn)(Daily) 0.76
FIPI (USDmn) (YTD) -105.06

 

KSE-100 Index
Previous Index 40,420.85
Current Index 40,806.17
Change % 0.95
YTD (CY13)% 40.10
YTD (FY14)% 11.15
Volume (mn) 48.58
Capitilization (USDbn) 7.75

International Indicators
 
Close
%age
BSE-30 18,946.98 0.84
HANGSENG 22,271.28 2.13
NIKKEI 225 13,519.43 -0.70
FTSE 6,574.34 -0.14
DJIA 15,419.68 -0.04
SSEC 2,101.28 2.39
NASDAQ 3,669.95 0.27

 
Close
%age
TASI 8,072.30 1.26
KSE(Kuwait) 8,058.74 -0.08
BSE 1,199.78 0.02
MSM 6,759.92 0.73
ADX 3,877.16 -0.57
DFM 2,622.73 -1.68
QSE 9,847.62 0.45

KIBOR
 
%age
3 Months 9.03
6 Months 9.09
12 Months 9.46

T-Bills
%age
3 Months 8.91
6 Months 9.04
12 Months 9.43

Bonds
 
%age
3-Y PIB 10.87
5-Y PIB 11.47
10-Y PIB 12.07
20-Y PIB 12.52
30-Y PIB 12.70
Capital Market Overview

Market Watch: Earnings optimism extends KSE rally

The country’s largest bourse, after closing on a high in the shortened week before Eid, added 200 points to the index supported by index heavyweights as investors ignored tensions at the line of control and focused on the earnings season. more... (ET)

News Clippings

IMF agrees to increase lending: board meets next month

The Inter-national Monetary Fund has agreed that Pakistan can seek a loan package worth $6.6 billion, two top finance ministry officials said on Monday, a boost for Prime Minister Nawaz Sharif as he seeks to fix the moribund economy. more... (BR)

Forex reserves surge by $6.1 million

The country's foreign liquid reserves surged by $6.1 million to $10.23 billion from $10.224 billion during the week ended on August 2, 2013. more... (BR)

Forex reserves to come under increasing strain

Pakistan has to pay some $535 million to the International Monetary Fund (IMF) during the next two weeks on account of two instalments of Stand-By Arrangement (SBA). Sources said August will be crucial for the country's depleting foreign exchange reserves as cumulatively some five payments worth Special Drawing Rights (SDR) 458 million are due this month; of which some SDR 103.7 million equal to $155 million has already been paid during the first 10 days of the current month. more... (N)

Pak-China ties: Gawadar port one part of a larger plan

The Gwadar Port is a key component of the China-Pakistan economic corridor which is aimed at strengthening economic links with the neighbouring regional states, said Special Secretary for Asia-Pacific affairs at Pakistan’s Ministry of Foreign Affairs, Noor Muhammad Jadmani, while commenting on the speculations in media on the use of the port. more...(ET)

Banks are not too big to fail as core earnings expected to drop

Earnings of at least four out of the six largest commercial banks of Pakistan are expected to decline for the first half of 2013, with the drop in after-tax profits estimated to be in the range of 8%-12%, banking sector analysts said on Monday. more...(ET)

Power theft, line losses cause Rs150b revenue loss

Pakistan has suffered a mammoth 150 billion rupees loss on account of power theft and line losses in 2012-13, Secretary Water and Power Said Chattha said on Monday. more...(N)

Cement exports to India decline

Cement exports to India hit an all-time low despite all the noise surrounding granting the Most-favored nation (MFN) status to India for the last three years. Discussions regarding MFN status to India began in 2010. However, in contradiction with moves to open up trade with India, Pakistan’s cement exports to India have since declined by 20.35 percent. On the other hand, demand for Pakistani cement in other regions witnessed a growth of 7.39 percent, said a senior official of a leading cement brand. more...(N)

NAVs and Returns
as of August 12, 2013
Funds Offer Redemption
POGSF
10.1667/-
10.1667/-
YTD Return
5.07%
POAIIF
52.5046/-
51.9796/-
YTD Return
6.33%
POAAAF
56.90/-
55.48/-
YTD Return
9.06%
POIAAF
58.81/-
57.34/-
YTD Return
7.96%
POAF
11.36/-
YTD Return
8.09%

 

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 FY13 3.60%
Per Capita Income $1,380
Reserves
(August 02, 2013)
$10.23bn
Trade Deficit
(July 12-June13)
$(20.5)bn
Curr. A/C
(July 12-June13)
$(2.29)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) 106.26
Gold Spot(USD/oz) 1,334.86
Cement (Rs./Bag) 504.00
Coal Spot(USD/ton) 76.70
Urea Fertilizer (Rs/bag) 1,812.00
DAP (Rs./bag) 2,359.66
KCA Cotton (Rs/mound) 6,550.00

 

Kindly Click here for PDF Version

(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.