BasedLine

Date:03-Dec-2013
KSE-100 Index
 
Previous Index 24,302.19
Current Index 24,401.57
Change % 0.41
YTD (CY13)% 44.34
YTD (FY14)% 16.17
Volume (mn) 119.09
Capitilization (USDbn) 13.81
FIPI (USDmn)(Daily) 1.27
FIPI (USDmn) (YTD) -16.71

 

KSE-100 Index
Previous Index 40,669.34
Current Index 40,814.09
Change % 0.36
YTD (CY13)% 40.13
YTD (FY14)% 11.17
Volume (mn) 48.72
Capitilization (USDbn) 7.50

International Indicators
 
Close
%age
BSE-30 20,898.01 0.51
HANGSENG 24,038.60 0.66
NIKKEI 225 15,655.10 -0.04
FTSE 6,695.33 -0.83
DJIA 16,008.80 -0.48
SSEC 2,205.56 0.99
NASDAQ 4,045.26 -0.36

 
Close
%age
TASI 8,334.31 0.40
KSE(Kuwait) 7,724.10 -0.23
BSE 1,201.92 -0.37
MSM 6,758.40 0.01
ADX 3,896.15 1.20
DFM 2,987.17 1.40
QSE 10,366.21 -0.28

KIBOR
 
%age
3 Months 10.03
6 Months 10.10
12 Months 10.45

T-Bills
%age
3 Months 9.86
6 Months 9.97
12 Months 10.09

Bonds
 
%age
3-Y PIB 12.16
5-Y PIB 12.66
10-Y PIB 13.08
20-Y PIB 13.38
30-Y PIB 13.51
Capital Market Overview

Market watch: Stock market goes up despite high inflation rates

The stock market opened on a positive note on the last month of the year as the upward trend continued despite the high inflation rates. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.41 % or 99.38 points to end at 24,401.57. more... (ET)

News Clippings

Spiral Hike: Inflation bounces back, in double digits again

Inflation in Pakistan bounced back to double digits after a gap of 16 months and hit 10.9% in November despite apprehensions about keeping the figure at a lower level, highlighting the impact of excessive currency note printing and rise in prices of commodities and utilities. more... (ET)

Tussle: Federal government goes after State Bank

The federal government has publicly debunked the State Bank of Pakistan (SBP) due to its failure to respond to the worsening currency crisis, directing its management to immediately take corrective measures. more... (ET)

SECP approves SME regulations

The Securities and Exchange Commission of Pakistan (SECP) has approved regulations for the listing of small and medium enterprises (SMEs) at the Islamabad Stock Exchange. more... (N)

IFC to help Pakistan float global rupee bond

In a major development, the International Finance Corporation (IFC) – the private sector lending arm of the World Bank Group – has agreed to help float rupee-denominated bonds and euro-dollar bonds to bailout financially beleaguered Pakistan. more... (N)

Taxing business: FBR reviewing capacity tax on beverage industry

The government is facing an increasing pressure to review a controversial tax regime concerning the beverage industry that threatens revenue collection and force half a dozen companies to shut down operations. more... (ET)

Islamic banks feel heat of deposit rate hike

Islamic banks are finding the going tough in deposit mobilisation after the State Bank’s linking of minimum deposit rate of conventional banks to its own repo rate. more... (D)

State Bank to provide dollars to money exchangers, scheduled banks

To stabilise the dollar exchange rate against Pakistani rupee, the State Bank of Pakistan (SBP) will provide money exchange companies and scheduled banks with a large sum of dollars, Express News reported on Monday . more... (D)

NAVs and Returns
as of December 02, 2013
Funds Offer Redemption
POGSF
10.2229/-
10.2229/-
YTD Return
6.05%
POAIIF
52.7002/-
52.1732/-
YTD Return
2.64%
POAAAF
54.61/-
53.24/-
YTD Return
4.66%
POIAAF
56.97/-
55.55/-
YTD Return
4.59%
POAF
10.77/-
YTD Return
6.82%

 

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

  Oct-13 Sep-13
MoM (%)
AUM's (PKR bn) 361.08 359.72 0.36
No of AMCs 23 24 -4.17
No of Funds 190 191 -0.52

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(November 22, 2013)
$8.80bn
Trade Deficit
(Jul-Sep 13)
$(4.50)bn
Curr. A/C
(Jul-Oct 13)
$(1.3)bn
Remittances
(Jul-Oct 13)
$5.28bn
Foreign Investment (Jul-Oct 13) $284mn
CPI Gen. - YoY
(Nov-13)
10.90%
CPI Gen. - FY14
(Jul-Nov 13)
8.84%

Commodities
 
WTI (USD/bbl) 94.04
Gold Spot(USD/oz) 1,220.85
Cement (Rs./Bag) 508.00
Coal Spot(USD/ton) 82.80
Urea Fertilizer (Rs/bag) 1,831.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,350.00

 

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(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.