BasedLine

Date:11-Nov-2013
KSE-100 Index
 
Previous Index 23,220.21
Current Index 23,367.15
Change % 0.63
YTD (CY13)% 38.22
YTD (FY14)% 7.29
Volume (mn) 98.15
Capitilization (USDbn) 0.24
FIPI (USDmn)(Daily) 0.30
FIPI (USDmn) (YTD) -30.85

 

KSE-100 Index
Previous Index 39,221.91
Current Index 39,389.93
Change % 0.45
YTD (CY13)% 35.24
YTD (FY14)% 7.29
Volume (mn) 29.51
Capitilization (USDbn) 7.27

International Indicators
 
Close
%age
BSE-30 20,666.15 -0.75
HANGSENG 22,744.39 -0.60
NIKKEI 225 14,086.80 -1.00
FTSE 6,697.22 -0.08
DJIA 15,761.78 0.82
SSEC 2,102.79 -0.19
NASDAQ 3,919.23 1.60

 
Close
%age
TASI 8,248.16 -0.18
KSE(Kuwait) 7,980.40 0.52
BSE 1,203.34 -0.24
MSM 6,764.38 0.15
ADX 3,846.47 -0.14
DFM 2,903.30 0.17
QSE 9,975.83 0.00

KIBOR
 
%age
3 Months 9.49
6 Months 9.59
12 Months 10.01

T-Bills
%age
3 Months 9.39
6 Months 9.47
12 Months 9.76

Bonds
 
%age
3-Y PIB 11.80
5-Y PIB 12.42
10-Y PIB 12.90
20-Y PIB 13.31
30-Y PIB 13.45
Capital Market Overview

Index continues to climb despite political hurdles

The stock market again put in a stellar performance and climbed for the third week in a row as a flurry of positive news outweighed negative political developments, leading to an increase of 718 points (3.2%) in the benchmark KSE 100-share index during the week ended November 8. more... (ET)

News Clippings


Energy crisis: LNG import can lead to cut in power tariff

A reduction in power tariff is linked with the import of liquefied natural gas (LNG), which will probably start next year. Currently, the government is producing a large share of power with diesel, costing Rs24 per unit, forcing it to pay the difference and putting an additional cost burden after increase in furnace oil prices from Rs83,000 to Rs89,000 per ton in just a few days. more... (ET)

Certain IPPs to get incentives for conversion to coal

Federal government has approved incentives for some existing Independent Power Producers (IPPs) for converting to coal from Residual Fuel Oil (RFO) that are able to accomplish certain milestones within two years, well-informed sources in PPIB told Business Recorder. more... (BR)


SBP, FIA move to curb dollar flight

The State Bank of Pakistan and the Federal Investigation Agency will sign a memorandum of understanding next week to curb smuggling of foreign currencies from the country. more... (D)

Cotton prices recover

Cotton prices recorded mild recovery on Friday on renewed buying interest from spinners and exporters on expected duty-free market access to European Union countries. more... (D)


IMF satisfied with Pakistan's economic progress

The IMF has agreed to loan Pakistan $6.7 billion over three years as part of the programme, but its condition of quarterly reviews means the cash is not guaranteed. more... (D)

Banks seem content with low return

In the wake of higher inflation and expected increase in policy interest rates, banks are not even interested in investing in three-month treasury bills, instead excess liquidity is placed with the State Bank through OMOs. more... (D)

IMF agree to release $550m to Pakistan in December

International Monetary Fund would release second tranche of about $550million to Pakistan till the end of December this year. more... (FP)

NAVs and Returns
as of November 08, 2013
Funds Offer Redemption
POGSF
10.1834
10.1834
YTD Return
6.07%
POAIIF
52.5534
52.0279
YTD Return
2.34%
POAAAF
53.42
52.08
YTD Return
2.38%
POIAAF
56.17
54.77
YTD Return
3.13%
POAF
11.48
YTD Return
7.07%

 

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
(October 25, 2013)
$9.51bn
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
(Oct-13)
9.08%
CPI Gen. - FY14
(Jul-Oct13)
8.03%

Commodities
 
WTI (USD/bbl) 94.66
Gold Spot(USD/oz) 1,286.78
Cement (Rs./Bag) 504.00
Coal Spot(USD/ton) 80.55
Urea Fertilizer (Rs/bag) 1,817.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,350.00

 

Kindly Click here for PDF Version

(BR) Business Recorder, (D) Dawn, (ET) Tribune, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (TN) The Nation, The Frontier Post (FP), (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.