BasedLine

Date:23-Aug-2013
KSE-100 Index
 
Previous Index 23,015.27
Current Index 22,714.32
Change % -1.31
YTD (CY13)% 34.36
YTD (FY14)% 8.13
Volume (mn) 153.68
Capitilization (USDbn) 13.20
FIPI (USDmn)(Daily) -4.83
FIPI (USDmn) (YTD) -90.01

 

KSE-100 Index
Previous Index 39,626.00
Current Index 38,991.71
Change % -1.60
YTD (CY13)% 33.87
YTD (FY14)% 6.20
Volume (mn) 54.50
Capitilization (USDbn) 7.41

International Indicators
 
Close
%age
BSE-30 18,312.94 2.27
HANGSENG 21,895.40 0.36
NIKKEI 225 13,365.17 -0.44
FTSE 6,446.87 0.88
DJIA 14,963.74 0.44
SSEC 2,067.12 -0.28
NASDAQ 3,638.71 1.08

 
Close
%age
TASI 8,192.39 -0.27
KSE(Kuwait) 8,104.19 0.03
BSE 1,202.99 0.26
MSM 6,900.94 -0.04
ADX 3,949.26 0.72
DFM 2,700.08 1.11
QSE 10,109.50 0.44

KIBOR
 
%age
3 Months 9.08
6 Months 9.17
12 Months 9.62

T-Bills
%age
3 Months 9.07
6 Months 9.28
12 Months 9.58

Bonds
 
%age
3-Y PIB 11.01
5-Y PIB 11.51
10-Y PIB 12.02
20-Y PIB 12.58
30-Y PIB 12.75
Capital Market Overview

Market watch: Stock market continues downward trend

The stock market continued its downward trend for another day as investors rid their portfolios of volatile stocks.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.31% or 300.95 points to end at 22,714.32 points. more... (ET)

News Clippings

Forex reserves rise to $10.399bn

Pakistan’s foreign exchange reserves rose to $10.399 billion in the week ending August 16, from $10.326 billion the previous week, the State Bank of Pakistan said. more... (DT)

‘ECC decision on urea to cost Rs900 million’

The decision taken by Economic Coordination Committee (ECC) of the cabinet to import and sell 0.3 million tons of urea at a controlled price is likely to cost the national exchequer Rs 900 million, Dr Tariq Bucha President Farmers Associates Pakistan (FAP) told the News on Thursday. more... (N)

China to relocate industries

Increased Chinese interest in relocating their industries in neighboring countries, including Pakistan is because of labour shortages that the Chinese are experiencing after decades of rapid industrialisation; reaching the “Lewis turning point” that depicts acute shortage of labour, experts said. more... (N)

Yamaha’s Pakistan investment in jeopardy

Yamaha Motor Co. Ltd. has been trying to install its plant in Pakistan for several years but the company is facing resistance from existing vendors, said sources.The $150 million investment project will create new job opportunities and give a boost to technical development in Pakistan. more...(N)

Tension with New Delhi: Pakistan refuses to take part in talks on TAPI pipeline

The repercussions of the boiling tension between Pakistan and India on the Line of Control are being felt in all spheres of life as talks on a crucial transnational gas pipeline in New Delhi have been postponed, apparently dealing a blow to the United States. more...(ET)

Financial inclusion via cash transfer payments

The World Bank (WB) and Pakistan Microfinance Network (PMN) organised a half-day roundtable discussion on ‘Financial Inclusion and Literacy Outcomes: Way Forward for Technology-based Payments’. more...(DT)

Govt sends LoI to IMF for $7.3bn EFF

The government of Pakistan here on Thursday formally sent a Letter of Intent (LoI) to the International Monetary Fund (IMF) for $7.3 billion fresh loan programme Extended Fund Facility (EFF). The IMF Executive Board is expected to decide the fate of Pakistan’s request for fresh loan programme on September 4, 2013 and it is expected that the IMF board will approve $6.6 billion EFF loan facility for Pakistan. more...(DT)

NAVs and Returns
as of August 22, 2013
Funds Offer Redemption
POGSF
10.1774/-
10.1774/-
YTD Return
4.85%
POAIIF
51.9883/-
51.4684/-
YTD Return
-1.69%
POAAAF
55.98/-
54.58/-
YTD Return
7.29%
POIAAF
57.73/-
56.29/-
YTD Return
5.99%
POAF
11.30/-
YTD Return
2.82%

 

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 16, 2013)
$10.39bn
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) 105.00
Gold Spot(USD/oz) 1,376.10
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.