BasedLine

Date:09-Dec-2013
KSE-100 Index
 
Previous Index 24,800.69
Current Index 24,870.55
Change % 0.28
YTD (CY13)% 47.12
YTD (FY14)% 18.40
Volume (mn) 194.68
Capitilization (USDbn) 14.06
FIPI (USDmn)(Daily) -4.00
FIPI (USDmn) (YTD) -7.77

 

KSE-100 Index
Previous Index 41,624.84
Current Index 41,535.13
Change % -0.22
YTD (CY13)% 42.61
YTD (FY14)% 13.13
Volume (mn) 63.89
Capitilization (USDbn) 7.63

International Indicators
 
Close
%age
BSE-30 20,996.53 0.18
HANGSENG 23,743.10 0.13
NIKKEI 225 15,299.86 0.81
FTSE 6,551.99 0.83
DJIA 16,020.20 1.26
SSEC 2,235.20 0.09
NASDAQ 4,062.52 0.73

 
Close
%age
TASI 8,321.33 0.94
KSE(Kuwait) 7,772.66 0.10
BSE 1,200.18 0.22
MSM 6,770.24 0.02
ADX 3,989.62 1.27
DFM 3,055.95 1.41
QSE 10,436.52 0.46

KIBOR
 
%age
3 Months 10.05
6 Months 10.12
12 Months 10.43

T-Bills
%age
3 Months 9.81
6 Months 9.99
12 Months 10.10

Bonds
 
%age
3-Y PIB 12.16
5-Y PIB 12.65
10-Y PIB 13.04
20-Y PIB 13.38
30-Y PIB 13.51
Capital Market Overview

Weekly review: KSE-100 hits record high despite macro concerns

The stock market continued its relentless upwards march this week despite several macroeconomic concerns, as the benchmark KSE-100 index rose by 454 points (2.3%) to close at a new record-high of 24,870 points. more... (ET)

News Clippings

Investment hotspot: Investor confidence drives stock market boom

A familiar refrain against the stock market goes like this: “Most indicators show the economy is going down, but the benchmark index is rising nonetheless. What makes investors so upbeat about our stock market anyway?”. more... (ET)

Obstacles in place: Despite encouraging policies, foreign investment not forthcoming

Pakistan offers one of the most liberal investment regimes in Asia, but still it encounters hurdles to attracting foreign investment aimed at increasing economic productivity and creating jobs for the youth bulge. more... (ET)

Oil and gas: Investment environment fraught with risks

oreign oil and gas exploration and production companies view the investment environment in Pakistan as something that is fraught with risks, which emerge due to bureaucratic hurdles, cumbersome regulatory framework, slow implementation, inconsistent policies, NAB investigations, law and order issues and foreign policy. more... (ET)

FBR fails to implement FTO's suggestions

Federal Tax Ombudsman (FTO) recommendations to submit details of sales tax refund cases pending for more than one year across Pakistan and monitor the conduct of IRS officers remained unimplemented by FBR without filing any review/representation before FTO/President. more... (BR)

Consumer goods: Multinationals bask in high-growth market

In complete disregard for all the negative headlines about violence and energy shortage, multinational consumer goods and food companies continue to grow in a country they refer to as an attractive market for investment. more... (ET)

Pakistan turns to China for development

Pakistan’s launch of work on its largest nuclear power plant last week is the latest example of big-money Chinese infrastructure projects in the country. Cash-strapped Pakistan is battling to get its shaky economy back on track and solve a chronic energy crisis that cripples industry. more... (DT)

Regulatory gaps stymie fresh investment

Multinational food and consumer goods companies have been growing significantly despite all regulatory challenges. However, these businesses say their investment could rise further if the government closes the loopholes in the regulatory framewor. more... (ET)

NAVs and Returns
as of December 06, 2013
Funds Offer Redemption
POGSF
10.2286/-
10.2286/-
YTD Return
6.03%
POAIIF
52.7328/-
52.2055/-
YTD Return
2.72%
POAAAF
55.32/-
53.94/-
YTD Return
6.03%
POIAAF
57.45/-
56.01/-
YTD Return
5.46%
POAF
10.78/-
YTD Return
6.79%

 

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 29, 2013)
$8.24bn
Trade Deficit
(Jul-Oct 13)
$(5.88)bn
Curr. A/C
(Jul-Oct 13)
$(1.37)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) 97.31
Gold Spot(USD/oz) 1,226.83
Cement (Rs./Bag) 511.00
Coal Spot(USD/ton) 82.80
Urea Fertilizer (Rs/bag) 1,836.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,400.00

 

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