BasedLine

Date:09-Sep-2013
KSE-100 Index
 
Previous Index 22,451.46
Current Index 22,765.87
Change % 1.40
YTD (CY13)% 34.67
YTD (FY14)% 8.38
Volume (mn) 178.30
Capitilization (USDbn) 13.17
FIPI (USDmn)(Daily) 1.11
FIPI (USDmn) (YTD) -88.39

 

KSE-100 Index
Previous Index 38,519.35
Current Index 39,057.17
Change % 1.40
YTD (CY13)% 34.10
YTD (FY14)% 6.38
Volume (mn) 57.16
Capitilization (USDbn) 7.39

International Indicators
 
Close
%age
BSE-30 19,270.06 1.53
HANGSENG 22,621.22 0.10
NIKKEI 225 13,860.81 -1.45
FTSE 6,547.33 0.23
DJIA 14,922.50 -0.10
SSEC 2,139.99 0.83
NASDAQ 3,660.01 0.03

 
Close
%age
TASI 7,635.66 0.02
KSE(Kuwait) 7,237.77 0.27
BSE 1,181.52 0.06
MSM 6,451.92 0.60
ADX 3,537.61 -0.26
DFM 2,371.19 1.46
QSE 9,257.81 0.57

KIBOR
 
%age
3 Months 8.89
6 Months 9.02
12 Months 9.46

T-Bills
%age
3 Months 8.69
6 Months 8.83
12 Months 9.15

Bonds
 
%age
3-Y PIB 10.76
5-Y PIB 11.24
10-Y PIB 11.89
20-Y PIB 12.52
30-Y PIB 12.68
Capital Market Overview

Weekly Review: IMF bails out Karachi bourse from corrective spell

The KSE-100 index gained 605 points to close at the 22,766-point level, with average daily volumes clocking in at 194 million shares though 4.5% down over the previous week while value traded in dollars declined 5.6% during the week. Foreign investors were net sellers this week, withdrawing $1.1 million in portfolio investments. more... (ET)

News Clippings

40mmcfd gas to be added to system on September 10

The Sui Southern Gas Company Limited (SSGC) is all-set to add 40 Million Cubic Feet per Day (mmcfd) additional gas into the system on September 10 from Latif gas field, SSGC senior officials said. According to SSGC officials, total production capacity of Latif is 100mmcfd and in the first stage the company has finalised all the arrangement to add 40mmcfd gas into the system, while remaining 60mmcfd gas would be brought into the system by June 2014 or earlier. more... (BR)

Bailout package approved: there will be no sell-off of PSM: ECC

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to approve a 3-month bailout package of Rs 2.9 billion for Pakistan Steel Mills (PSM) of which Rs 1.5 billion would be released in September, Rs 700 million in October and Rs 700 million in November 2013. more... (BR)

Rescue plan: Government approves Rs25.7b bailout for Railways

In a first step towards restructuring Pakistan Railways, the government approved a bailout package worth Rs25.7 billion for the crisis-hit entity. The funds will be used to repair the engines currently out of order in addition to buying 50 new diesel-electric locomotives. more... (ET)

Entering Africa: UBL expands network to Tanzania

Tanzanian Vice President Dr Mohamed Gharib Bilal inaugurated UBL Bank (Tanzania) Limited at a ceremony held recently at the bank’s premises, located in the heart of the city centre. more...(ET)

Unpaid bills of power companies inflate to Rs156bn

The unpaid bills of both private and public power companies have again soared to a staggering Rs156 billion in less than 10 weeks after the government had paid their previous bills for the pre-June period. The sum includes the unpaid bills of private power producers amounting to Rs54bn. more...(D)

Low interest rate fails to boost car leasing

The SBP had reduced the interest rate to 9pc in June 2013 from 13.5pc prevailing on August 2011 but car sales share through leasing and bank financing remained static between 20-25 per cent of the overall car sales. more...(D)

MFN status will be given to India, IMF assured

Pakistan has assured the International Monetary Fund (IMF) to grant ‘most favoured nation’ (MFN) status to India and move towards eliminating the negative list on trade with the neighbour as part of its overall trade policy. more...(D)

NAVs and Returns
as of September 06, 2013
Funds Offer Redemption
POGSF
10.2177/-
10.2177/-
YTD Return
5.92%
POAIIF
52.1099/-
51.5888/-
YTD Return
-0.06%
POAAAF
55.02/-
53.64/-
YTD Return
5.45%
POIAAF
57.06/-
55.63/-
YTD Return
4.74%
POAF
11.33/-
YTD Return
3.51%

 

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 30, 2013)
$9.99bn
Trade Deficit
(July 13)
$(1.72)bn
Curr. A/C
(July 13)
$46mn
Remittances
(July 13)
$1.40bn
Foreign Investment (July 13) $118mn
CPI Gen. - YoY
(Aug-13)
8.55%
CPI Gen. - FY14
(Jul-Aug13)
8.40%

Commodities
 
WTI (USD/bbl) 110.32
Gold Spot(USD/oz) 1,338.30
Cement (Rs./Bag) 502.00
Coal Spot(USD/ton) 76.10
Urea Fertilizer (Rs/bag) 1,837.00
DAP (Rs./bag) 2,359.66
KCA Cotton (Rs/mound) 6,700.00

 

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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.