BasedLine

Date:18-Dec-2013
KSE-100 Index
 
Previous Index 25,298.32
Current Index 25,350.20
Change % 0.21
YTD (CY13)% 49.95
YTD (FY14)% 20.68
Volume (mn) 194.49
Capitilization (USDbn) 14.59
FIPI (USDmn)(Daily) -3.96
FIPI (USDmn) (YTD) -8.07

 

KSE-100 Index
Previous Index 42,505.60
Current Index 42,559.21
Change % 0.13
YTD (CY13)% 46.12
YTD (FY14)% 15.92
Volume (mn) 87.51
Capitilization (USDbn) 7.88

International Indicators
 
Close
%age
BSE-30 20,612.14 -0.23
HANGSENG 23,069.23 -0.20
NIKKEI 225 15,278.63 0.83
FTSE 6,486.19 -0.55
DJIA 15,875.26 -0.06
SSEC 2,150.23 0.10
NASDAQ 4,023.68 -0.14

 
Close
%age
TASI 8,412.32 0.32
KSE(Kuwait) 7,609.17 -0.61
BSE 1,206.93 0.02
MSM 6,794.92 0.58
ADX 4,103.59 1.11
DFM 3,144.04 0.68
QSE 10,468.59 -0.33

KIBOR
 
%age
3 Months 10.10
6 Months 10.15
12 Months 10.47

T-Bills
%age
3 Months 9.91
6 Months 10.00
12 Months 10.07

Bonds
 
%age
3-Y PIB 12.05
5-Y PIB 12.54
10-Y PIB 12.95
20-Y PIB 13.36
30-Y PIB 13.50
Capital Market Overview

Market watch: Stock market continues upward trend

Led by the cement and financial sector, the stock market continued its upward trend. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.21% or 51.88 points to end at 25350.20. more... (ET)

News Clippings

Back-door deals?: Rupee gains despite SBP's dollar purchases

The State Bank of Pakistan has purchased $250 million to meet the target of Net International Reserves (NIR) set by the International Monetary Fund (IMF). more... (ET)

FDI up by 4.7 percent in July-November

Foreign direct investment stood at $330.7 million during the first five months of the current fiscal year, statistics issued by the State Bank of Pakistan (SBP) on Tuesday revealed. more... (N)

$167.2 million loan approved for Discos

The Asian Development Bank (ADB) has approved a loan of $167.2 million for eight distribution companies in Pakistan to improve the power distribution system. more... (BR)

Tough love: Raise gas tariff, do away with cross-subsidy, asks WB

The World Bank has asked the government of Pakistan to increase the tariff for gas consumers in order to recover the entire production cost and do away with cross-subsidy that shifts burden of a consumer to another one. more... (ET)

FBR to investigate exemption certificates worth Rs60bn

The Federal Board of Revenue (FBR) will investigate all exemption certificates issued to importers and manufacturers as a huge sum of around Rs60 billion has been granted under a concessionary regime during the first four months of the current fiscal year. more... (N)

Industry given more gas to cash in on GSP+ opportunity

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved the diversion of 85 mmcfd of power sector gas to industry for a period of two months with immediate effect. more... (BR)

KESC, Descon sign contract for conversion of plants

KESC has entered into an agreement with Descon to convert its two open cycle plants (25MW each) to combined cycle plants, which will enhance the capacity by around 10MW each by adding a steam turbine and heat recovery boiler. more... (N)

NAVs and Returns
as of December 17, 2013
Funds Offer Redemption
POGSF
10.2487/-
10.2487/-
YTD Return
6.07%
POAIIF
52.8125/-
52.2844/-
YTD Return
2.87%
POAAAF
56.48/-
55.07/-
YTD Return
8.26%
POIAAF
58.35/-
56.89/-
YTD Return
7.12%
POAF
10.77/-
YTD Return
6.14%

 

Funds Rating
AMC
AM3-
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
2 Star
POIAAF
4 Star
POGSF
AA(f)

  Nov-13 Oct-13
MoM (%)
AUM's (PKR bn) 375.76 360.99 4.09
No of AMCs 23 23 0.00
No of Funds 191 190 0.53

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-Nov 13) $399mn
CPI Gen. - YoY
(Nov-13)
10.90%
CPI Gen. - FY14
(Jul-Nov 13)
8.84%

Commodities
 
WTI (USD/bbl) 97.36
Gold Spot(USD/oz) 1,232.71
Cement (Rs./Bag) 510.59
Coal Spot(USD/ton) 84.25
Urea Fertilizer (Rs/bag) 1,859.23
DAP (Rs./bag) 2,258.47
KCA Cotton (Rs/mound) 6,600.00

 

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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.