BasedLine

Date:01-Nov-2013
KSE-100 Index
 
Previous Index 22,310.59
Current Index 22,775.85
Change % 2.09
YTD (CY13)% 34.73
YTD (FY14)% 8.43
Volume (mn) 96.02
Capitilization (USDbn) 12.94
FIPI (USDmn)(Daily) 4.21
FIPI (USDmn) (YTD) -39.64

 

KSE-100 Index
Previous Index 37,945.64
Current Index 38,688.00
Change % 1.96
YTD (CY13)% 32.83
YTD (FY14)% 5.38
Volume (mn) 35.22
Capitilization (USDbn) 7.14

International Indicators
 
Close
%age
BSE-30 21,164.52 0.62
HANGSENG 23,206.37 -0.42
NIKKEI 225 14,327.94 -1.20
FTSE 6,731.43 -0.68
DJIA 15,545.75 -0.47
SSEC 2,141.61 -0.87
NASDAQ 3,919.71 -0.28

 
Close
%age
TASI 8,044.47 0.49
KSE(Kuwait) 7,946.39 0.32
BSE 1,201.79 0.29
MSM 6,674.07 0.16
ADX 3,845.72 0.10
DFM 2,922.18 0.23
QSE 9,837.49 0.82

KIBOR
 
%age
3 Months 9.49
6 Months 9.57
12 Months 9.98

T-Bills
%age
3 Months 9.30
6 Months 9.43
12 Months 9.67

Bonds
 
%age
3-Y PIB 11.50
5-Y PIB 12.05
10-Y PIB 12.56
20-Y PIB 13.13
30-Y PIB 13.29
Capital Market Overview

Market watch: Stock market ends higher after volatile session

The stock market underwent an unexpected correction as the bulls took the reins, pushing the index up by almost 500 points. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 2.09% or 465.25 points to end at 22,775.85 points. more... (ET)

News Clippings


Government plans $750 million eurobond issue

Pakistan is planning its first eurobond issue for six years and aims to raise $750 million to boost dwindling foreign exchange reserves and shore up the rupee, officials said. The finance ministry has approached several international banks seeking advice and with a view to appointing one as lead adviser for the launch, a ministry official told AFP. more... (BR)

Forex reserves up to $9.4 billion

The country’s foreign exchange reserves increased by $267 million to $9.497 billion during the week ended October 25 on the back of receiving the outstanding amount of $322 million from the US under the Coalition Support Fund (CSF), said the central bank’s chief spokesman on Thursday. more... (N)

Rate revision: Petrol price ‘slashed’ by nearly half a rupee

The federal government on Thursday slashed petrol price by a measly Rs0.48 per litre, instead of the recommended Rs2.48 cut. The reduction takes effect from November 1, according to a notification by the Oil and Gas Regulatory Authority (Ogra). more... (ET)

Domestic debt crosses Rs 10 trillion mark

For the first time in the history of Pakistan, the government's overall stocks of domestic debt have crossed Rs 10 trillion mark mainly due to rising fiscal deficit and shortfall in the revenue. "Although the federal government is taking several steps to reduce its expenses aimed to curb the higher fiscal deficit, the borrowing from domestic banking sources is still on surge," economists said. more... (BR)

Joint action: Pakistan and Russia to join forces for energy projects

Minister of State for water and power Abid Sher Ali, met the Russian Deputy Minister of Energy Sentyurin Yuriy Petrovich in Moscow and said Pakistan believed in a strong partnership with Russia. more...(ET)

SBP to conduct auction for CNY loan facility

In order to provide Chinese Yuan (CNY) funding to the scheduled banks, the State Bank of Pakistan (SBP) will conduct an auction for CNY loan facility of 3- and 6-month tenors in December. more... (BR)

Tax collection: FBR misses target for fourth successive month

The federal government’s back-pedalling on critical tax policy measures has led to less than targeted collection for the fourth month in a row, as major policy and administrative measures, which were announced for improving revenues, remain unimplemented. more...(ET)

NAVs and Returns
as of October 31, 2013
Funds Offer Redemption
POGSF
10.1716
10.1716
YTD Return
6.12%
POAIIF
52.4992
51.9742
YTD Return
2.18%
POAAAF
53.17/-
51.84/-
YTD Return
1.91%
POIAAF
55.64/-
54.25/-
YTD Return
2.15%
POAF
11.46/-
YTD Return
6.93%

 

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

  Sep-13 Aug-13
MoM (%)
AUM's (PKR bn) 359.72 368.34 -2.34
No of AMCs 24 24 0.00
No of Funds 191 191 0.00

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(25 October , 2013)
$9.40bn
Trade Deficit
(Jul-Sep 13)
$(4.50)bn
Curr. A/C
(Jul-Sep 13)
$(1.2)bn
Remittances
(Jul-Sep 13)
$3.90bn
Foreign Investment (Jul-Sep13) $230mn
CPI Gen. - YoY
(Sep-13)
7.39%
CPI Gen. - FY14
(Jul-Sep13)
8.06%

Commodities
 
WTI (USD/bbl) 96.38
Gold Spot(USD/oz) 1,324.34
Cement (Rs./Bag) 501.00
Coal Spot(USD/ton) 79.35
Urea Fertilizer (Rs/bag) 1,814.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,650.00

 

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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.