BasedLine

Date:28-Aug-2013
KSE-100 Index
 
Previous Index 22,922.24
Current Index 22,523.71
Change % -1.74
YTD (CY13)% 33.23
YTD (FY14)% 7.23
Volume (mn) 117.75
Capitilization (USDbn) 13.09
FIPI (USDmn)(Daily) -0.43
FIPI (USDmn) (YTD) -89.91

 

KSE-100 Index
Previous Index 39,398.58
Current Index 38,666.14
Change % -1.86
YTD (CY13)% 32.76
YTD (FY14)% 5.32
Volume (mn) 46.09
Capitilization (USDbn) 7.34

International Indicators
 
Close
%age
BSE-30 17,776.13 -3.18
HANGSENG 21,874.77 -0.59
NIKKEI 225 13,542.37 -0.69
FTSE 6,440.97 -0.79
DJIA 14,776.13 -1.14
SSEC 2,103.57 0.34
NASDAQ 3,578.52 -2.16

 
Close
%age
TASI 7,722.70 -4.12
KSE(Kuwait) 7,766.35 -2.92
BSE 1,186.28 -1.23
MSM 6,846.25 -1.05
ADX 3,822.04 -2.83
DFM 2,549.61 -7.01
QSE 9,771.41 -1.28

KIBOR
 
%age
3 Months 9.10
6 Months 9.19
12 Months 9.64

T-Bills
%age
3 Months 8.94
6 Months 9.12
12 Months 9.25

Bonds
 
%age
3-Y PIB 10.87
5-Y PIB 11.38
10-Y PIB 11.93
20-Y PIB 12.58
30-Y PIB 12.75
Capital Market Overview

Market Watch: Tumbling regional markets induce domino effect at KSE

The Karachi Stock Exchange’s (KSE) benchmark 100-share index lost 1.74% percent or 398.53 points to end at the 22,523.71 point level. Trade volumes fell to 188 million shares, compared with Monday’s tally of 202 million shares. more... (ET)

News Clippings

First step toward realisation of key 'economic corridor': inaugural meeting held

The inaugural meeting of Joint Co-operation Committee (JCC) of China-Pakistan Economic Corridor was held here on Tuesday between a Chinese delegation led by Zhang Xiaoqiang, vice chairman National Development and Reforms Commission (NRDC) and representatives of different ministries. more... (BR)

Debt servicing eats up Rs900 billion in FY13

Debt servicing of domestic and external liabilities has become the single largest component of the country’s expenditures, as it consumed Rs990 billion during the last financial year ended on June 30. more... (N)

SBP stresses upon Islamic finance industry to develop Islamic microfinance

State Bank of Pakistan has stressed upon the Islamic finance industry should take steps to make individual as well as collaborative efforts to develop Islamic microfinance in the country. more... (DT)

Big rise in tax revenues as reforms kick in

The government, keen to show its commitment to fixing its ailing finances, on Tuesday reported a 25% rise in tax revenues since the beginning of the fiscal year due to a raft of new tax collection measures. more...(ET)

UCGR proposes new credit rating system for Pakistan

A newly-formed non-sovereign global credit rating agency has asked the government of Pakistan to seek sovereign credit rating from it as an alternate to the existing rating by the domineering foreign rating agencies – including Moody’s, Standard & Poor’s and Fitch. more...(N)

Feed gas: fertiliser companies claim getting subsidy, government refutes

Fertiliser companies claim they are getting subsidy of Rs 294 per bag on feed gas whereas federal government refutes this claim, saying that the amount of subsidy varies from plant to plant on the basis of efficiency. more...(BR)

DISCOs seek tariff revision

Five power distribution companies (DISCOs) have filed petitions with the National Electric Power Regulatory Authority (NEPRA) for the upward revision of their consumer-end electricity tariff in the fiscal year 2013-14. more...(N)

NAVs and Returns
as of August 27, 2013
Funds Offer Redemption
POGSF
10.1991/-
10.1991/-
YTD Return
5.78%
POAIIF
52.0289/-
51.5086/-
YTD Return
-1.05%
POAAAF
56.22/-
54.81/-
YTD Return
7.75%
POIAAF
58.02/-
56.57/-
YTD Return
6.51%
POAF
11.32/-
YTD Return
3.56%

 

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) 380.60 360.18 5.24
No of AMCs 24 24 0.00
No of Funds 190 181 4.97

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) 111.45
Gold Spot(USD/oz) 1,417.28
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.