BasedLine

Date:11-Dec-2013
KSE-100 Index
 
Previous Index 24,998.89
Current Index 24,878.68
Change % -0.48
YTD (CY13)% 47.16
YTD (FY14)% 18.44
Volume (mn) 108.32
Capitilization (USDbn) 14.34
FIPI (USDmn)(Daily) -2.05
FIPI (USDmn) (YTD) -10.88

 

KSE-100 Index
Previous Index 41,744.30
Current Index 41,557.68
Change % -0.45
YTD (CY13)% 42.68
YTD (FY14)% 13.19
Volume (mn) 45.68
Capitilization (USDbn) 7.64

International Indicators
 
Close
%age
BSE-30 21,255.26 -1.10
HANGSENG 23,744.19 -0.28
NIKKEI 225 15,611.31 0.17
FTSE 6,523.31 -0.55
DJIA 15,973.13 -0.33
SSEC 2,211.88 -1.34
NASDAQ 4,060.49 -0.20

 
Close
%age
TASI 8,399.39 0.48
KSE(Kuwait) 7,756.10 -0.05
BSE 1,207.66 0.13
MSM 6,761.19 -0.11
ADX 4,019.41 0.45
DFM 3,101.86 0.05
QSE 10,496.89 0.60

KIBOR
 
%age
3 Months 10.04
6 Months 10.12
12 Months 10.44

T-Bills
%age
3 Months 9.74
6 Months 9.98
12 Months 10.06

Bonds
 
%age
3-Y PIB 12.09
5-Y PIB 12.60
10-Y PIB 13.00
20-Y PIB 13.37
30-Y PIB 13.50
Capital Market Overview

Market watch: Bourse fails to keep Monday’s momentum

With oil and cement in the red, the stock market reversed the previous day’s gains and fell on Tuesday despite breaching the 25,000-point mark a few times during intra-day trade. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.48% or 120.21 points to end at 24,878.68 points. more... (ET)

News Clippings

Shariah-based system: Government takes steps to spread Islamic banking

The federal government on Tuesday issued a notification announcing the constitution of a steering committee that would come up with recommendations in light of the work done so far by various stakeholders for promotion of Islamic banking in the country and implementing a real Shariah-based financial system. more... (ET)

Dar expects reserves to rise by $3 billion

The government on Tuesday tried to soothe top bankers and assured them that the thin foreign currency reserves of the country will increase by about $3 billion. more... (ET)

Overseas Pakistanis send $6.4b in five months

Overseas Pakistani workers sent home $6.407 billion in the first five months (July-November) of the current fiscal year 2013-14, a growth of 7.10% compared with $5.982 billion remitted in the same period of last year. more... (ET)

SECP approves commercial papers

After consultations with the stakeholders and market players, the Securities and Exchange Commission of Pakistan (SECP) approved on Tuesday the Issue of Commercial Papers’ Regulations, 2013. more... (N)

Bankers refute IMF’s liquidity crisis prediction

Bankers have ruled out any possibility of banking crisis due to the liquidity crunch that has been hinted by the International Monetary Fund in the recent country report on Pakistan titled “Risk assessment matrix”. more... (N)

IMF projects 7.09 percent inflation for FY14

The International Monetary Fund (IMF) projected 7.09 percent inflation for Pakistan on its website for the current fiscal year as compared to 7.4 percent for last fiscal year while Consumer Price Index for November was recorded at 10.9 percent. more... (BR)

Revenue body provides timeframe for amnesty plan

In order to avail the money whitening scheme recently announced by Prime Minister Nawaz Sharif, the FBR has provided a two-and-a-half year timeframe to industrial units, which would receive benefits under this scheme, to begin production. more... (N)

NAVs and Returns
as of December 10, 2013
Funds Offer Redemption
POGSF
10.2365/-
10.2365/-
YTD Return
6.06%
POAIIF
52.7619/-
52.2343/-
YTD Return
2.78%
POAAAF
55.52/-
54.13/-
YTD Return
6.41%
POIAAF
57.58/-
56.14/-
YTD Return
5.71%
POAF
10.76/-
YTD Return
6.14%

 

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-Nov 13)
$6.41bn
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) 98.45
Gold Spot(USD/oz) 1,257.78
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.