BasedLine

Date:07-Oct-2013
KSE-100 Index
 
Previous Index 22,152.35
Current Index 22,085.96
Change % -0.30
YTD (CY13)% 30.64
YTD (FY14)% 5.14
Volume (mn) 59.94
Capitilization (USDbn) 12.61
FIPI (USDmn)(Daily) 3.47
FIPI (USDmn) (YTD) -96.61

 

KSE-100 Index
Previous Index 37,905.53
Current Index 37,795.30
Change % -0.29
YTD (CY13)% 29.77
YTD (FY14)% 2.95
Volume (mn) 16.51
Capitilization (USDbn) 7.01

International Indicators
 
Close
%age
BSE-30 19,915.95 0.07
HANGSENG 23,138.54 -0.03
NIKKEI 225 14,024.31 -0.94
FTSE 6,449.04 0.18
DJIA 15,072.58 0.51
SSEC 2,174.67 0.00
NASDAQ 3,807.75 0.89

 
Close
%age
TASI 8,002.65 -0.19
KSE(Kuwait) 7,655.07 0.40
BSE 1,194.17 0.01
MSM 6,655.99 0.13
ADX 3,867.99 0.26
DFM 2,814.58 -0.30
QSE 9,731.50 -0.30

KIBOR
 
%age
3 Months 9.47
6 Months 9.52
12 Months 10.03

T-Bills
%age
3 Months 9.34
6 Months 9.46
12 Months 9.76

Bonds
 
%age
3-Y PIB 12.01
5-Y PIB 12.61
10-Y PIB 13.00
20-Y PIB 13.45
30-Y PIB 13.68
Capital Market Overview

Weekly Review: Banking sector drags KSE down 302 points

The stock market saw another torrid week as the banking sector took a battering; resulting in the benchmark KSE 100-share index falling 302 points (1.3%) during the week ended October 4. more... (TR)

News Clippings

Record-making: Why and how KSE became the world’s second-best performing market this year

The Karachi Stock Exchange has broken its all-time record this year, proving a point to the world by becoming the second best performing market on the planet, where only Japan’s stock market has been able to perform better. more... (ET)

Economic growth: Booming banking sector has failed to kick-start the economy

Pakistan has been suffering from low growth for many years now. The energy crisis is the most popularly quoted reason for this but in fact the problems that continue to hold back growth are much deeper and much more varied. more... (ET)

Structural flaws in IMF programme may hinder reduction in budget deficit

Structural flaws in the recently-signed programme with the International Monetary Fund (IMF) may work against one of the key objectives of ‘stabilising economy through belt-tightening’, as quarterly budget ceilings set by the IMF are contrary to historical budget deficit trends. more... (ET)

Political economy: The economy of 100 days

It seems to have become a tradition for elected governments whenever they assume power they set ambitious targets, build tall claims on baseless facts, and promote a culture of sweet dreams which never come true within the prevailing constraints of the economy. more... (ET)

No new tax imposed on gas, electrical appliances, tiles, tyres: FBR

The Federal Board of Revenue (FBR) here on Friday clarified that the government had not imposed any new tax on household gas and electrical appliances, tiles, tyres etc. more...(N)

THE RUPEE: rates move cautiously

The rupee resisting sharp decline moved cautiously against the dollar on the currency market during the week, ended on October 5. On the interbank market, the rupee fell by seven paisa in relation to the dollar for buying and selling at Rs 106.10 and Rs 106.15 against the dollar. On the open market, the rupee shed five paisa versus the dollar for buying at Rs 106.80, while it stayed put for selling at Rs 107.00. more... (BR)

Conflicting interests: Moral hazard and cost of doing business in Pakistan

The notion of agency costs in economics is somewhat different from how lawyers tend to define it. It has two components – moral hazard and adverse selection. more...(ET)

NAVs and Returns
as of October 04, 2013
Funds Offer Redemption
POGSF
10.2607/-
10.2607/-
YTD Return
5.92%
POAIIF
52.2919/-
51.7690/-
YTD Return
1.43%
POAAAF
53.12/-
51.79/-
YTD Return
1.73%
POIAAF
55.54/-
54.15/-
YTD Return
2.01%
POAF
11.38/-
YTD Return
6.82%

 

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

  Aug-13 Jul-13
MoM (%)
AUM's (PKR bn) 368.34 380.60 -3.22
No of AMCs 24 24 0.00
No of Funds 191 190 0.53

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(September 27, 2013)
$9.92bn
Trade Deficit
(Jul-Aug 13)
$(3.29)bn
Curr. A/C
(Jul-Aug 13)
$(632)mn
Remittances
(Jul-Aug 13)
$2.46bn
Foreign Investment (Jul-Aug13) $182.5mn
CPI Gen. - YoY
(Sep-13)
7.39%
CPI Gen. - FY14
(Jul-Sep13)
8.06%

Commodities
 
WTI (USD/bbl) 103.38
Gold Spot(USD/oz) 1,313.63
Cement (Rs./Bag) 498.00
Coal Spot(USD/ton) 78.30
Urea Fertilizer (Rs/bag) 1,845.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 7,250.00

 

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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.