BasedLine

Date:10-Dec-2013
KSE-100 Index
 
Previous Index 24,870.55
Current Index 24,998.89
Change % 0.52
YTD (CY13)% 47.88
YTD (FY14)% 19.01
Volume (mn) 103.61
Capitilization (USDbn) 14.41
FIPI (USDmn)(Daily) 2.95
FIPI (USDmn) (YTD) -8.82

 

KSE-100 Index
Previous Index 41,535.13
Current Index 41,744.30
Change % 0.50
YTD (CY13)% 43.33
YTD (FY14)% 13.70
Volume (mn) 40.13
Capitilization (USDbn) 7.67

International Indicators
 
Close
%age
BSE-30 21,483.74 2.32
HANGSENG 23,811.17 0.29
NIKKEI 225 15,585.46 1.90
FTSE 6,559.48 0.11
DJIA 16,025.53 0.03
SSEC 2,242.01 0.30
NASDAQ 4,068.75 0.15

 
Close
%age
TASI 8,359.55 0.46
KSE(Kuwait) 7,759.65 -0.17
BSE 1,206.07 0.49
MSM 6,768.59 -0.02
ADX 4,001.47 0.30
DFM 3,100.33 1.45
QSE 10,434.10 -0.02

KIBOR
 
%age
3 Months 10.04
6 Months 10.12
12 Months 10.43

T-Bills
%age
3 Months 9.77
6 Months 9.98
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

Market watch: Index finishes day just shy of the 25,000 mark

Market watch: Index finishes day just shy of the 25,000 mark The stock market closed just a few points below 25,000, narrowly missing out on the unprecedented finish. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.52% or 128.34 points to end at 24,998.89 points. more... (ET)

News Clippings

ADB approves $900m loan for Jamshoro coal plants

In a major development, the executive board of Asian Development Bank (ADB) on Monday approved a $900 million soft loan for the set up of two coal-based power plants in Jamshoro, each having a capacity to generate 660 MW of electricity. more... (N)

FBR to collect Rs25bn additional revenue

Tax authorities expect additional revenue worth around Rs25 billion during the current fiscal year due to an audit amnesty announced last week by the Federal Board of Revenue (FBR) for those taxpayers who declare 25 per cent more income during the tax year 2013 from a year ago, sources in the Federal Board of Revenue (FBR) said on Monday. more... (N)

Whitening of black money through SRO

The PML-N government is considering to introduce a three-year tax amnesty scheme with incentives to whiten black money at home and abroad through SRO instead of routing it through parliament. more... (D)

EFF benchmark: government needs to cut borrowing stock from SBP

The government would be required to reduce its borrowing stock from the State Bank of Pakistan (SBP) to Rs2,560 billion, as a benchmark under the International Monetary Fund (IMF) Extended Fund Facility (EFF) by end-December 2013. more... (BR)

Implementation, monitoring: FBR given plan to run new tax incentives scheme

Finance Minister Ishaq Dar has given a detailed plan to the Federal Board of Revenue for effective implementation and monitoring of the new tax incentives scheme and established a central monitoring office in the FBR HQ to run the scheme amicably at the national level. more... (BR)

APTMA to unveil 5-year plan to double exports

Taking the expected Generalised Scheme of Preferences (GSP) Plus as a source of respite for Pakistan’s textile sector, the All Pakistan Textile Mills Association (APTMA) is hoping to convert Pakistan’s current account deficit into a surplus during the next five years. more... (ET)

Despite challenges, multinationals will continue to invest’

Despite the prevailing power crisis and security challenges, investments being made by multinationals operating in Pakistan have been growing and the trend is expected to continue in the future. more... (ET)

NAVs and Returns
as of December 09, 2013
Funds Offer Redemption
POGSF
10.2345/-
10.2345/-
YTD Return
6.05%
POAIIF
52.7546/-
52.2271/-
YTD Return
2.76%
POAAAF
55.55/-
54.16/-
YTD Return
6.47%
POIAAF
57.63/-
56.19/-
YTD Return
5.80%
POAF
10.75/-
YTD Return
6.12%

 

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) 97.57
Gold Spot(USD/oz) 1,240.66
Cement (Rs./Bag) 511.00
Coal Spot(USD/ton) 83.95
Urea Fertilizer (Rs/bag) 1,836.00
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,450.00

 

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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.