BasedLine

Date:11-Oct-2013
KSE-100 Index
 
Previous Index 21,657.22
Current Index 21,674.98
Change % 0.08
YTD (CY13)% 28.21
YTD (FY14)% 3.19
Volume (mn) 59.58
Capitilization (USDbn) 12.38
FIPI (USDmn)(Daily) 2.00
FIPI (USDmn) (YTD) -80.22

 

KSE-100 Index
Previous Index 36,759.88
Current Index 36,795.90
Change % 0.10
YTD (CY13)% 26.34
YTD (FY14)% 0.22
Volume (mn) 21.99
Capitilization (USDbn) 6.82

International Indicators
 
Close
%age
BSE-30 20,272.91 0.12
HANGSENG 22,951.30 -0.36
NIKKEI 225 14,194.71 1.12
FTSE 6,430.49 1.46
DJIA 15,126.07 2.18
SSEC 2,190.93 -0.94
NASDAQ 3,760.75 2.26

 
Close
%age
TASI 7,982.95 0.07
KSE(Kuwait) 7,766.83 0.82
BSE 1,194.81 0.31
MSM 6,651.81 0.05
ADX 3,842.35 -0.22
DFM 2,830.92 1.16
QSE 9,723.52 -0.21

KIBOR
 
%age
3 Months 9.50
6 Months 9.55
12 Months 10.02

T-Bills
%age
3 Months 9.31
6 Months 9.46
12 Months 9.80

Bonds
 
%age
3-Y PIB 11.91
5-Y PIB 12.42
10-Y PIB 12.91
20-Y PIB 13.46
30-Y PIB 13.69
Capital Market Overview

Market watch: KSE recovers after massive midday drop

The stock market managed to recover, ending barely above its opening position, after dipping to 21,476 near mid-day. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.08% or 17.76 points to end at 21,674.98 points. After a massive drop of nearly 200 points, the bourse managed to regain its losses. more... (ET)

News Clippings

PM approves issuance of 3G licences for 15-year term

The federal government has decided to issue next generation licence for 15 years, policy directives, a copy of which was made available to The News, revealed. more... (N)

Energy sector: circular debt again peaks to Rs 157 billion

Pakistan's energy sector circular debt has again peaked to Rs 157 billion three months after Rs 480 billion was settled by the Finance Ministry without audit of Independent Power Producers ' claims. Well-informed sources in Pakistan Electric Power Company (Pepco) told Business Recorder that the government had reconciled an amount of Rs 561 billion in June 2013 of which Rs 480 billion was settled, which implies that only Rs 81 billion remained unsettled. more... (BR)

FBR restrained from charging ISL

Sindh High Court (SHC) on Thursday granted stay order against the imposition of the 0.5 percent Income Support Levy imposed through Finance Act, 2013. It is learnt on Thursday that the stay has been granted on a petition filed by Syed Naved Andrabi Advocate Supreme Court on behalf of some Karachi-based industrialists. more... (BR)

Trade deficit narrows

Pakistan’s economy has recorded a trade deficit (an excess of imports over exports) of $4.465 billion during the first three months of fiscal 2013-14, down 5.15 percent compared with $4.708 billion registered in the same period of last fiscal year, showed data by the Pakistan Bureau of Statistics (PBS) on Thursday. more... (N)

Remittances rise in July-Sept

Foreign remittances increased by 9.14 percent to $3.927 billion during the first quarter of the current fiscal year, reported the State Bank of Pakistan on Thursday. more...(N)

SBP reserves enter crisis-level territory

The foreign exchange reserves of the State Bank of Pakistan (SBP) touched their lowest levels in five years to $3.9 billion, enough to cover less than a month worth of imports. more... (N)

Shutdown impact: US stops offering GSP scheme to exporters

US Consul General in Karachi Michael J Dodman has said the Generalised System of Preferences (GSP) scheme has been put on hold for the time being because of the federal government shutdown in Washington but it will be restored soon and Pakistan is most likely to benefit from the facility. more...(ET)

NAVs and Returns
as of October 10, 2013
Funds Offer Redemption
POGSF
10.2607/-
10.2607/-
YTD Return
6.01%
POAIIF
52.2919/-
51.7690/-
YTD Return
1.63%
POAAAF
53.12/-
51.79/-
YTD Return
1.14%
POIAAF
55.54/-
54.15/-
YTD Return
1.36%
POAF
11.38/-
YTD Return
6.85%

 

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) 102.75
Gold Spot(USD/oz) 1,292.41
Cement (Rs./Bag) 500.00
Coal Spot(USD/ton) 79.10
Urea Fertilizer (Rs/bag) 1,834.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,950.00

 

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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.