BasedLine

Date:08-Oct-2013
KSE-100 Index
 
Previous Index 22,085.96
Current Index 21,864.85
Change % -1.00
YTD (CY13)% 29.34
YTD (FY14)% 4.09
Volume (mn) 44.38
Capitilization (USDbn) 12.48
FIPI (USDmn)(Daily) 3.47
FIPI (USDmn) (YTD) -96.61

 

KSE-100 Index
Previous Index 37,795.30
Current Index 37,309.81
Change % -1.28
YTD (CY13)% 28.10
YTD (FY14)% 1.62
Volume (mn) 13.96
Capitilization (USDbn) 6.92

International Indicators
 
Close
%age
BSE-30 19,895.10 -0.10
HANGSENG 22,973.95 -0.71
NIKKEI 225 13,853.32 -1.22
FTSE 6,437.28 -0.26
DJIA 14,936.24 -0.90
SSEC 2,174.67 0.00
NASDAQ 3,770.38 -0.98

 
Close
%age
TASI 7,976.80 -0.32
KSE(Kuwait) 7,664.59 0.12
BSE 1,198.74 0.38
MSM 6,647.74 -0.12
ADX 3,850.47 -0.45
DFM 2,777.71 -1.31
QSE 9,716.43 -0.15

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

T-Bills
%age
3 Months 9.20
6 Months 9.45
12 Months 9.77

Bonds
 
%age
3-Y PIB 11.90
5-Y PIB 12.55
10-Y PIB 12.99
20-Y PIB 13.45
30-Y PIB 13.68
Capital Market Overview

Market Watch: Stock market dips amid remarkably low volumes

The stock market continued to slip further as investors preferred to stay cautious, leading to depressed trade volumes. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1% or 221.11 points to end at 21,864.85 points. more... (ET)

News Clippings

Privatisation — the sequel: Of 31 enterprises, half a dozen to be sold outright

As part of its privatisation plan, the government will sell half a dozen enterprises including two hotels in New York and Paris, offload shares in 10 companies in international and domestic capital markets and hand over management control of a dozen enterprises to the private sector. more... (ET)

3G spectrum: Government targets to complete auction by February 2014

After formal approval by Prime Minister Nawaz Sharif the government has forwarded the policy directive for auction of next-generation technology spectrum to the Pakistan Telecommunication Authority (PTA) while instructing the regulator to remain vigilant on collusive bidding. The IT Ministry believes the auction process can be concluded by February 2014. more... (ET)

Going for listing: Engro Fertilizers to float shares for Rs20

Engro Fertilizers, a major subsidiary of Engro Corporation, was likely to go on with listing in the country’s stock exchanges in the next few months. According to Topline Securities, the general estimate is that the company will float close to a 100 million shares at a minimum price of Rs20. more... (ET)

Appointments of next army chief, new chairman JCSC: Nawaz seeks to play his cards close to his chest

Prime Minister Nawaz Sharif has said the appointments of new Chief of Army Staff and Chairman Joint Chiefs of Staff Committee (CJCSC) will be announced concurrently. more... (BR)

IT boom: Tech giants announced $25 million investment

Texpo and Cannon Technologies– two tech companies with combined experience of 50 years – have announced an investment of $25 million in Pakistan over the next five years. more...(ET)

SECP facilitates firms on directors’ elections

Elections of company directors are held in general meetings on completion of directors’ terms of office after every three years, as laid down in Sections 178 and 180 of the 1984 Companies Ordinance. more... (N)

KCA increases cotton price

The Karachi Cotton Association (KCA) revised up its cotton spot (average) rate by Rs50 per maund (37.324 kilograms) to Rs7,000 per maund after the price of the commodity recovered to Rs7,200 per maund at the local markets, a dealer said on Monday. more...(N)

NAVs and Returns
as of October 07, 2013
Funds Offer Redemption
POGSF
10.2607/-
10.2607/-
YTD Return
5.95%
POAIIF
52.2919/-
51.7690/-
YTD Return
1.54%
POAAAF
53.12/-
51.79/-
YTD Return
1.69%
POIAAF
55.54/-
54.15/-
YTD Return
1.88%
POAF
11.38/-
YTD Return
6.78%

 

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) 102.92
Gold Spot(USD/oz) 1,325.64
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.