BasedLine

Date:10-Oct-2013
KSE-100 Index
 
Previous Index 22,080.47
Current Index 21,657.22
Change % -1.92
YTD (CY13)% 28.11
YTD (FY14)% 3.10
Volume (mn) 83.77
Capitilization (USDbn) 12.37
FIPI (USDmn)(Daily) 0.73
FIPI (USDmn) (YTD) -86.23

 

KSE-100 Index
Previous Index 37,513.30
Current Index 36,759.88
Change % -2.01
YTD (CY13)% 26.21
YTD (FY14)% 0.13
Volume (mn) 37.86
Capitilization (USDbn) 6.82

International Indicators
 
Close
%age
BSE-30 20,249.26 1.33
HANGSENG 23,033.97 -0.63
NIKKEI 225 14,037.84 1.03
FTSE 6,337.91 -0.44
DJIA 14,802.98 0.25
SSEC 2,211.77 0.62
NASDAQ 3,677.78 -0.46

 
Close
%age
TASI 7,977.26 0.20
KSE(Kuwait) 7,703.53 0.08
BSE 1,191.17 -0.44
MSM 6,648.16 0.06
ADX 3,850.92 0.12
DFM 2,798.33 0.17
QSE 9,743.68 -0.15

KIBOR
 
%age
3 Months 9.49
6 Months 9.54
12 Months 10.02

T-Bills
%age
3 Months 9.34
6 Months 9.45
12 Months 9.81

Bonds
 
%age
3-Y PIB 11.95
5-Y PIB 12.53
10-Y PIB 12.95
20-Y PIB 13.46
30-Y PIB 13.69
Capital Market Overview

Market watch: Stock market dips as foreign investors spark sell-off

The stock market dropped more than 400 points as investor panic led to massive selling, with Hub Power Company hitting its lower lock during the day. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.92% or 423.25 points to end at 21,657.22 point. more... (ET)

News Clippings

Foreign investment: Turkey to work for Pak infrastructure development

Prime Minister Nawaz Sharif on Wednesday said that Pakistan offers various investment opportunities with ideal economic returns for foreign investors. Nawaz while talking to the Turkish delegation, led by Vice Chairman NUROL Group, Orguz Carmikli which called on him today, said that Pakistan’s priority sectors for investment include hydel and coal power projects, Karachi-Lahore Motorway and infrastructure development. more... (ET)

Eight hydropower projects: Lukewarm response of ministry, depts caused delay

Eight hydropower projects: Lukewarm response of ministry, depts caused delayWater and Power Development Authority's incompetence particularly from 2007-13, the Planning Commission's curtailment of the development budget and Ministry of Water & Power's apathy reportedly delayed at least eight hydropower projects, causing billions of rupees loss to the national exchequer. The opportunity cost in billions, if the projects had been completed on time, is in addition to the above loss. more... (BR)

Banks’ investment in T-bills to continue: experts

With government appetite for bank borrowing showing no signs of abating, financial experts predict continual bank investment in government papers while steering clear from private sector investment in the near future. more... (N)

Cotton spot rate declines

The Karachi Cotton Association (KCA) revised down its cotton spot (average) rate by Rs50 per maund (37.324 kilograms) to Rs6,950 per maund due to decline in the commodity price at the local markets, a broker said on Wednesday. more... (N)

SECP’s corporate portfolio increases to 62,571

The Securities and Exchange Commission of Pakistan (SECP) registered 332 limited-liability companies in the month of September, raising the total corporate portfolio to 62,571 companies, said a press release issued on Wednesday. more...(ET)

Govt borrowings touch Rs513 billion

The government’s borrowings during the first quarter (July-September) of this fiscal year touched Rs513 billion, the State Bank said on Tuesday. During the same quarter of the last fiscal, the government’s borrowings from the SBP were negative Rs271b. more... (D)

PSO management says selloff unlikely

Pakistan State Oil (PSO) is likely not to be privatised in the current fiscal year, according to PSO’s senior management. more...(N)

NAVs and Returns
as of October 09, 2013
Funds Offer Redemption
POGSF
10.2607/-
10.2607/-
YTD Return
5.99%
POAIIF
52.2919/-
51.7690/-
YTD Return
1.61%
POAAAF
53.12/-
51.79/-
YTD Return
1.28%
POIAAF
55.54/-
54.15/-
YTD Return
1.49%
POAF
11.38/-
YTD Return
6.83%

 

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) 101.66
Gold Spot(USD/oz) 1,303.96
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.