BasedLine

Date:13-Dec-2013
KSE-100 Index
 
Previous Index 24,972.90
Current Index 25,072.00
Change % 0.40
YTD (CY13)% 48.31
YTD (FY14)% 19.36
Volume (mn) 135.91
Capitilization (USDbn) 14.43
FIPI (USDmn)(Daily) 1.12
FIPI (USDmn) (YTD) -8.68

 

KSE-100 Index
Previous Index 41,736.10
Current Index 41,936.05
Change % 0.48
YTD (CY13)% 43.98
YTD (FY14)% 14.22
Volume (mn) 68.96
Capitilization (USDbn) 77.69

International Indicators
 
Close
%age
BSE-30 20,925.61 -1.20
HANGSENG 23,218.12 -0.51
NIKKEI 225 15,341.82 -1.12
FTSE 6,445.25 -0.96
DJIA 15,739.43 -0.66
SSEC 2,203.42 0.07
NASDAQ 3,998.40 -0.13

 
Close
%age
TASI 8,387.61 -0.14
KSE(Kuwait) 7,704.34 -0.60
BSE 1,206.70 -0.14
MSM 6,749.75 -0.03
ADX 4,000.94 0.37
DFM 3,157.85 1.88
QSE 10,486.23 0.28

KIBOR
 
%age
3 Months 10.07
6 Months 10.14
12 Months 10.46

T-Bills
%age
3 Months 9.88
6 Months 9.99
12 Months 10.09

Bonds
 
%age
3-Y PIB 12.08
5-Y PIB 12.57
10-Y PIB 12.97
20-Y PIB 13.36
30-Y PIB 13.50
Capital Market Overview

Market watch: Record-breaking streak continues as index hits 25,000

The stock market experienced a volatile session on Thursday but bulls still managed to take the index to a new peak above 25,000 points. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.40% or 99.10 points to end at 25,072. more... (ET)

News Clippings

Duty free access: EU approves GSP Plus status for Pakistan

The European Parliament has allowed duty free access to Islamabad in a move that will augment its exports by $1 billion annually amid calls to implement international conventions on human rights, good governance, labour and environmental standards. more... (ET)

Foreign exchange reserves hit 12-year low, reveals SBP data

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have declined to a 12-year low of $2.9 billion, hitting its lowest level since November 2001, according to data released yesterday. more... (ET)

In limbo: Iran takes back pipeline financing deal

Iran has backed out of the $500-million financing deal committed for the Iran-Pakistan (IP) gas pipeline project due to constraints following possible sanctions by the United States (US), bringing the process of awarding the contract to Tadbir, an Iranian energy firm, to a halt. more... (ET)

July-November trade gap narrows down by 5.52 percent

The country's trade deficit narrowed down by 5.52 percent in July-November 2013 as compared to the corresponding period of last fiscal year. more... (BR)

Duty relief: Economy likely to get a big boost from GSP Plus status

Textile tycoons, government officials and financial analysts all converge on one point that the grant of European Union’s GSP Plus status to Pakistan is going to spark investment, create jobs and give a big boost to Pakistan’s economy in coming years. more... (ET)

Industrial units: In a surprise U-turn, govt resumes gas supply

Caving in to the demand from the industrialists of Punjab – the voter base of the ruling party – the federal government has decided to resume gas supply to industrial units less than 48 hours after its suspension amid widening gap between demand and supply due to drop in temperature. more... (ET)

Pakistan to get $550m after IMF review meeting on Dec. 19

International Monetary Fund (IMF) first quarter review meeting on Pakistan’s loan programme will be held on December 19 for the release of $550 million to Pakistan after the staff-level approval of agreement with the officials. more... (N)

NAVs and Returns
as of December 12, 2013
Funds Offer Redemption
POGSF
10.2424/-
10.2424/-
YTD Return
6.11%
POAIIF
52.7762/-
52.2448/-
YTD Return
2.80%
POAAAF
55.84/-
54.44/-
YTD Return
7.02%
POIAAF
57.83/-
56.38/-
YTD Return
6.16%
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
(December 06, 2013)
$8.06bn
Trade Deficit
(Jul-Nov 13)
$(7.74)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) 97.53
Gold Spot(USD/oz) 1,227.40
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.