BasedLine

Date:29-Aug-2013
KSE-100 Index
 
Previous Index 22,523.71
Current Index 22,236.33
Change % -1.28
YTD (CY13)% 31.53
YTD (FY14)% 5.86
Volume (mn) 203.95
Capitilization (USDbn) 12.92
FIPI (USDmn)(Daily) -0.78
FIPI (USDmn) (YTD) -90.69

 

KSE-100 Index
Previous Index 38,666.14
Current Index 38,133.24
Change % -1.38
YTD (CY13)% 30.93
YTD (FY14)% 3.87
Volume (mn) 66.81
Capitilization (USDbn) 7.24

International Indicators
 
Close
%age
BSE-30 17,996.15 0.16
HANGSENG 21,524.65 -1.60
NIKKEI 225 13,338.46 -1.51
FTSE 6,430.06 -0.17
DJIA 14,824.51 0.33
SSEC 2,101.30 -0.11
NASDAQ 3,593.35 0.41

 
Close
%age
TASI 7,751.32 0.37
KSE(Kuwait) 7,707.66 -0.76
BSE 1,189.78 0.30
MSM 6,640.90 -3.00
ADX 3,737.24 -2.22
DFM 2,516.48 -1.30
QSE 9,547.41 -2.29

KIBOR
 
%age
3 Months 9.07
6 Months 9.15
12 Months 9.52

T-Bills
%age
3 Months 8.91
6 Months 9.11
12 Months 9.30

Bonds
 
%age
3-Y PIB 10.99
5-Y PIB 11.45
10-Y PIB 12.02
20-Y PIB 12.59
30-Y PIB 12.76
Capital Market Overview

Market Watch: Stock market continues to tumble

The stock market remained volatile amidst uncertainty about the country’s monetary policy, and news of an impending attack on Syria.The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.28% or 287.38 points to end at 22,236.33 points. more... (ET)

News Clippings

Turkish bank to provide $300 million credit facility

Export Credit Bank of Turkey (Exim Bank) is to give $300 million credit facility to Pakistan for 2013-14 for which a formal pact will be signed during the 3-day (September 16-18) official visit of Prime Minister Nawaz Sharif to Turkey, well-informed sources told Business Recorder. more... (BR)

Raising finance: Sino-Sindh Resources gets investment to develop Thar

Sino-Sindh Resources (SSRL) executed a subscription and cooperation agreement with a consortium of investors consisting of Global Mining (China) Limited (GMC) and Asiapak Investments (Asiapak). more... (ET)

Latif Gas Field to add 40mmcfd gas by September 10

There will be an addition of about 40 Million Cubic Feet per Day (mmcfd) gas by September 10 from Latif Gas Field in District Khairpur Sindh, it is learnt. more... (BR)

Fresh banking spreads shrink by 70 bps in August 2013

Fresh banking spreads in August have followed a similar trend to weighted average (WA) spreads as it reduced by 70 basis points (bps) on monthly basis to 4.75 percent after it had improved by 97 bps to 5.45 percent in the previous month on the back of higher cost of deposits, according to latest State Bank of Pakistan’s (SBP) data on Wednesday. more...(DT)

Impact of flooding : Urea offtake drops by 20 percent in July

Urea offtake in Pakistan witnessed 20 percent monthly decline to 466,000 tonnes during July as against 567,000 tonnes in the previous month of this year due to flooding in major agricultural regions of the country, revealed National Fertiliser Development Corporation’s (NFDC) data. more...(DT)

17.4–megawatt Gomal Zam Dam project starts power generation

Power generation has been started from the Gomal Zam Dam, adding 17.4 megawatts (MW) electricity to the national grid. Prime Minister Nawaz Sharif had issued directives in this regard to the Planning Commission and expects formal inauguration of the project in the next few days. more...(DT)

Manufacturing sector suffers due to recession’

The manufacturing sector is suffering in Pakistan not only because of recession, power crisis and past flawed state policies but also because of weak associations related to industry, as trade bodies that acted proactively have succeeded to deliver adverse circumstances. more...(N)

NAVs and Returns
as of August 28, 2013
Funds Offer Redemption
POGSF
10.2006/-
10.2006/-
YTD Return
5.77%
POAIIF
52.0370/-
51.5166/-
YTD Return
-0.94%
POAAAF
55.93/-
54.53/-
YTD Return
7.19%
POIAAF
57.76/-
56.32/-
YTD Return
6.04%
POAF
11.32/-
YTD Return
3.60%

 

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) 109.45
Gold Spot(USD/oz) 1,409.40
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.