BasedLine

Date:22-Aug-2013
KSE-100 Index
 
Previous Index 23,487.23
Current Index 23,015.27
Change % -2.01
YTD (CY13)% 36.14
YTD (FY14)% 9.57
Volume (mn) 190.69
Capitilization (USDbn) 13.38
FIPI (USDmn)(Daily) 2.31
FIPI (USDmn) (YTD) -85.17

 

KSE-100 Index
Previous Index 40,550.88
Current Index 39,626.00
Change % -2.28
YTD (CY13)% 36.05
YTD (FY14)% 7.93
Volume (mn) 58.94
Capitilization (USDbn) 7.53

International Indicators
 
Close
%age
BSE-30 17,905.91 -1.86
HANGSENG 21,817.73 -0.69
NIKKEI 225 13,424.33 0.21
FTSE 6,390.84 -0.97
DJIA 14,897.55 -0.70
SSEC 2,072.96 0.02
NASDAQ 3,599.79 -0.38

 
Close
%age
TASI 8,214.85 0.43
KSE(Kuwait) 8,101.62 -0.26
BSE 1,199.90 -0.16
MSM 6,903.87 -0.29
ADX 3,921.00 0.52
DFM 2,670.43 0.23
QSE 10,065.20 0.21

KIBOR
 
%age
3 Months 9.06
6 Months 9.14
12 Months 9.57

T-Bills
%age
3 Months 9.03
6 Months 9.23
12 Months 9.68

Bonds
 
%age
3-Y PIB 11.03
5-Y PIB 11.52
10-Y PIB 12.09
20-Y PIB 12.57
30-Y PIB 12.75
Capital Market Overview

Market watch: Stock market reacts as regional markets stumble

The stock market nose-dived as the oil and financial sectors failed to meet investor expectations, amid an environment of capital flight in the region.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 2.01% or 471.96 points to end at 23,015.27 points. more... (ET)

News Clippings

Supporting economic policies : WB pledges $1.5bn programme for Pakistan

World Bank (WB) Vice President Philippe Le Houerou announced on Wednesday that in view of the economic policies and stabilisation measures taken by the present government the WB is now ready to work out a $1.5 billion programme for the present fiscal year to support the government’s economic policies. more... (DT)

$6.6 billion loan: LoI submitted to Fund

Pakistan has submitted a Letter of Intent (LoI) for a $6.6 billion loan from the International Monetary Fund (IMF) under Extended Fund Facility (EFF). more... (BR)

MPS next week: policy rate may be raised

The State Bank of Pakistan is likely to adopt tight monetary stance in upcoming policy, to be announced next week, because of rising inflationary pressure on the economy. more... (BR)

During last 40 days: massive government borrowing raises indebtedness to Rs 2,824 billion

The government's massive borrowing of Rs 610 billion during the last 40 days from the State Bank of Pakistan (SBP) has raised its indebtedness to Rs 2,824 billion on August 9, 2013 from Rs 2,213 billion on June 30, 2013. more...(BR)

Meezan Bank plans country’s first airtime sukuk in Q4

Pakistan’s Meezan Bank has planned to arrange the country’s first airtime-based sukuk (Islamic bond), a format favoured by telecommunications operators wishing to tap liquidity in the Islamic capital markets. more...(DT)

Food, textile group exports increase in July

The food group’s exports increased by 30 percent on yearly basis to Rs 39,117 million and textile group exports jumped by 18 percent to Rs 121,552 million in July 2013 as against Rs 30,012 and Rs 102,893 million, respectively in same month of last fiscal. more...(DT)

Bypassing manufacturing: ADB warns Asian economies

Growth-hungry Asian economies which bypass industrialisation and leapfrog from agriculture to the services sector may fall into a "middle income trap", the Asian Development Bank (ADB) cautioned Wednesday. more...(BR)

Current Account balance turns positive in July

The country's current account balance has become positive and surplus by $46 million in July 2013 mainly due to massive raise in home remittances. more...(BR)

NAVs and Returns
as of August 21, 2013
Funds Offer Redemption
POGSF
10.1725/-
10.1725/-
YTD Return
4.60%
POAIIF
51.9838/-
51.4640/-
YTD Return
-1.78%
POAAAF
56.36/-
54.95/-
YTD Return
8.02%
POIAAF
58.01/-
56.56/-
YTD Return
6.50%
POAF
11.29/-
YTD Return
2.35%

 

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

  Jul-13 Jun-13
MoM (%)
AUM's (PKR bn) 380.41 360.18 5.62
No of AMCs 24 24 0.00
No of Funds 182 180 1.11

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(August 07, 2013)
$10.33bn
Trade Deficit
(July 12-June13)
$(20.5)bn
Curr. A/C
(July 13)
$46mn
Remittances
(July 13)
$1.40bn
Foreign Investment (July-June 13) $1.57bn
CPI Gen. - YoY
(July-13)
8.26%
CPI Gen. - FY13
(July 12- June13)
7.40%

Commodities
 
WTI (USD/bbl) 103.69
Gold Spot(USD/oz) 1,361.00
Cement (Rs./Bag) 504.00
Coal Spot(USD/ton) 76.10
Urea Fertilizer (Rs/bag) 1,812.00
DAP (Rs./bag) 2,359.66
KCA Cotton (Rs/mound) 6,550.00

 

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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.