BasedLine

Date:12-Dec-2013
KSE-100 Index
 
Previous Index 24,878.68
Current Index 24,972.90
Change % 0.38
YTD (CY13)% 47.72
YTD (FY14)% 18.89
Volume (mn) 116.57
Capitilization (USDbn) 14.39
FIPI (USDmn)(Daily) 1.07
FIPI (USDmn) (YTD) -9.80

 

KSE-100 Index
Previous Index 41,557.68
Current Index 41,736.10
Change % 0.43
YTD (CY13)% 43.30
YTD (FY14)% 13.68
Volume (mn) 46.42
Capitilization (USDbn) 7.67

International Indicators
 
Close
%age
BSE-30 21,171.41 -0.39
HANGSENG 23,338.24 -1.71
NIKKEI 225 15,515.06 -0.62
FTSE 6,507.72 -0.24
DJIA 15,843.53 -0.81
SSEC 2,201.84 -0.45
NASDAQ 4,003.61 -1.40

 
Close
%age
TASI 8,399.65 0.00
KSE(Kuwait) 7,750.76 -0.07
BSE 1,208.44 0.06
MSM 6,751.47 -0.14
ADX 4,986.11 -0.83
DFM 3,099.54 -0.07
QSE 10,457.12 -0.38

KIBOR
 
%age
3 Months 10.03
6 Months 10.12
12 Months 10.44

T-Bills
%age
3 Months 9.77
6 Months 9.98
12 Months 10.07

Bonds
 
%age
3-Y PIB 12.08
5-Y PIB 12.59
10-Y PIB 12.99
20-Y PIB 13.37
30-Y PIB 13.50
Capital Market Overview

Market watch: Index picks up on IMF’s projection

The index picked up with positive news inflows and good performance by the finance and cement sector to end higher yesterday. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.38% or 94.22 points to end at 24,972.90. more... (ET)

News Clippings

Ambitious plans: Every dollar of CSF to be recovered, says Dar

Pakistan has vowed to recover every dollar of the Coalition Support Fund (CSF) from the United States and has said the $850 million outstanding amount is not a “charity but its right”, as the government targets the CSF and new $2.5 billion international bonds to shore up its reserves. more... (ET)

Sindh government, Japanese firm sign three MoUs worth $6.3 billion

Three separate Memorandums of Understanding (MoUs) with total investment of $ 6.3 billion were signed between Government of Sindh and Japan-based company ETON. more... (BR)

Pakistan GSP Plus: EU Parliament may approve law today

The European Parliament is expected to approve the law with a majority vote on Thursday (today) enabling energy-starved Pakistan and nine other countries to get GSP Plus status effective January 2014 for 10 years. more... (BR)

Q1 GDP posts five percent growth: power subsidy inadequate: Dar

Finance Minister Ishaq Dar said on Wednesday that a few people have tried to make the currency 'hostage' and that exchange rate of Rs110 was completely 'artificial.' more... (BR)

Power sector’s ‘circular debt’ piles up again

The unpaid bills of power companies have again piled up to a precarious level of Rs216 billion in less than six months after the Nawaz Sharif government had settled the previous ‘overdue’ bills of both the public and private electricity producers and their fuel suppliers for the pre-March 2013 period. more... (D)

China ready to finance Thar coal project: SECMC chief

As International Financial Institutions (IFIs) refuse to extend financing to develop Thar coal reserves, China has offered to provide $900 million for mining and setting up power plants, seeking a guarantee from the federal government in order to go ahead with the offer. more... (ET)

Banks’ balance sheets show upturn in foreign currency

Finance Minister Ishaq Dar continues to take leading commercial banks to task for the volatility of the rupee, the balance sheets for these banks show a dramatic upturn in foreign currency income in the third quarter of the current year. more... (N)

NAVs and Returns
as of December 11, 2013
Funds Offer Redemption
POGSF
10.2385/-
10.2385/-
YTD Return
6.06%
POAIIF
52.7691/-
52.2414/-
YTD Return
2.79%
POAAAF
55.57/-
54.18/-
YTD Return
6.51%
POIAAF
57.71/-
56.27/-
YTD Return
5.95%
POAF
10.76/-
YTD Return
6.13%

 

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) 97.33
Gold Spot(USD/oz) 1,254.01
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.