BasedLine

Date:21-Oct-2013
KSE-100 Index
 
Previous Index 21,775.39
Current Index 21,599.78
Change % -0.81
YTD (CY13)% 27.71
YTD (FY14)% 2.83
Volume (mn) 39.65
Capitilization (USDbn) 12.30
FIPI (USDmn)(Daily) -0.15
FIPI (USDmn) (YTD) -85.74

 

KSE-100 Index
Previous Index 37,033.41
Current Index 36,768.32
Change % -0.72
YTD (CY13)% 26.24
YTD (FY14)% 0.15
Volume (mn) 8.86
Capitilization (USDbn) 6.79

International Indicators
 
Close
%age
BSE-30 20,882.89 1.73
HANGSENG 23,340.10 0.52
NIKKEI 225 14,561.54 1.09
FTSE 6,622.58 2.09
DJIA 15,399.65 1.07
SSEC 2,193.78 -1.54
NASDAQ 3,914.28 3.23

 
Close
%age
TASI 8,133.24 1.88
KSE(Kuwait) 7,905.71 1.79
BSE 1,203.77 0.80
MSM 6,705.48 0.52
ADX 3,830.47 -0.31
DFM 2,909.91 2.79
QSE 9,751.89 0.29

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

T-Bills
%age
3 Months 9.32
6 Months 9.46
12 Months 9.84

Bonds
 
%age
3-Y PIB 11.94
5-Y PIB 12.45
10-Y PIB 12.91
20-Y PIB 13.44
30-Y PIB 13.68
Capital Market Overview

KSE weekly: Not much to write home about

The Karachi Stock Exchange (KSE) had little to report this week, trading only on Monday prior to the national Eid holidays. However investors chose to sell off their stocks on that day as well, preferring instead to wait for the market to pick up after Eid. more... (ET)

News Clippings

Military, economic assistance: US 'quietly' decides to release $1.6 billion

The United States government has quietly decided to release more than $1.6 billion of military and economic aid to Pakistan. According to a news item carried by the US media, the US Congress has cleared most of the money, and it would start moving early next year (2014). more... (BR)

Economic ties, drone strikes top talks agenda: Nawaz-Obama meeting Wednesday

Prime Minister Nawaz Sharif left Saturday for the United States with a full agenda in his scheduled meeting with President Barack Obama on Wednesday ranging from economic ties to Afghan reconciliation process to drone strikes to alleged militant sanctuaries in North Waziristan used for staging attacks on US led Nato forces in Afghanistan. more... (BR)

Remittances sent: US clears old CSF dues worth $322m

State Bank of Pakistan has received an amount of $322 million in lieu of the Coalition Support Fund (CSF) against old dues, a spokesman for the ministry of finance said on Friday. more... (ET)

Pakistan, IFC discuss $500m trade financing for oil imports

Pakistan and the International Financial Corporation (IFC) have agreed in principle on a potentially $500 million revolving trade finance facility for Pakistan to import oil. more... (ET)

IMF calls for action against money laundering

After the recent agreement with the IMF, Pakistan is under pressure to enhance and enforce anti-money laundering laws. The country has been under criticism from global players, including the Financial Action Task Force (FATF), which has recently issued a list of countries that have failed to completely fulfil requirements against terror-financing and money-laundering. more...(D)

Banking the unbanked: Microfinance market in Pakistan keeps bankers optimistic

With foreign direct investment in decline for many years in a row, the recent acquisition of Kashf Microfinance Bank by a foreign entity seems like a clean break with the past. more... (ET)

Cellphone usage: Telecom sector welcomes business friendly govt moves

The telecom sector, which is in the process of finalising the 3G auction in Pakistan, welcomed steps by the government to facilitate the industry, the most recent of which was not suspending cellphone activity during the Eid holidays; a practice commonly adopted by the previous government and one which lead to substantial losses. more...(ET)

NAVs and Returns
as of October 14, 2013
Funds Offer Redemption
POGSF
10.2607/-
10.2607/-
YTD Return
6.10%
POAIIF
52.2919/-
51.7690/-
YTD Return
1.76%
POAAAF
53.12/-
51.79/-
YTD Return
1.36%
POIAAF
55.54/-
54.15/-
YTD Return
1.36%
POAF
11.38/-
YTD Return
6.81%

 

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-Sep 13)
$(4.50)bn
Curr. A/C
(Jul-Aug 13)
$(632)mn
Remittances
(Jul-Sep 13)
$3.90bn
Foreign Investment (Jul-Aug13) $182.5mn
CPI Gen. - YoY
(Sep-13)
7.39%
CPI Gen. - FY14
(Jul-Sep13)
8.06%

Commodities
 
WTI (USD/bbl) 100.84
Gold Spot(USD/oz) 1,318.56
Cement (Rs./Bag) 501.00
Coal Spot(USD/ton) 79.10
Urea Fertilizer (Rs/bag) 1,814.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,900.00

 

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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.