BasedLine

Date:20-Dec-2013
KSE-100 Index
 
Previous Index 25,524.46
Current Index 25,472.64
Change % -0.20
YTD (CY13)% 50.68
YTD (FY14)% 21.27
Volume (mn) 173.75
Capitilization (USDbn) 14.66
FIPI (USDmn)(Daily) -1.16
FIPI (USDmn) (YTD) -9.49

 

KSE-100 Index
Previous Index 42,888.45
Current Index 42,836.26
Change % -0.12
YTD (CY13)% 47.07
YTD (FY14)% 16.68
Volume (mn) 98.11
Capitilization (USDbn) 7.93

International Indicators
 
Close
%age
BSE-30 20,708.62 -0.23
HANGSENG 22,888.75 -1.10
NIKKEI 225 15,859.22 1.74
FTSE 6,584.70 1.43
DJIA 16,179.08 0.07
SSEC 2,115.10 -1.46
NASDAQ 4,058.14 -0.29

 
Close
%age
TASI 8,509.68 0.82
KSE(Kuwait) 7,605.04 0.39
BSE 1,206.44 -0.11
MSM 6,823.14 0.23
ADX 4,141.13 1.14
DFM 3,238.54 0.96
QSE 10,468.59 -0.33

KIBOR
 
%age
3 Months 10.09
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 trendMarket watch: Stocks fall as investors book profits

The stock market experienced a volatile session and closed weaker as local institutions booked profits at new highs. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.20% or 51.82 points to end at 25,472.64 points. more... (ET)

News Clippings

Reforms on track: IMF clears release of second $550m tranche

The International Monetary Fund (IMF) on Thursday approved the release of the second tranche of the $6.7 billion loan package to Pakistan and said the country was broadly on track with reforms tied to the programme. more... (ET)

Foreign currency: Reserves rise to $3.4 billion on inflows from institutions

After dropping to a 12-year low of $2.9 billion on December 6, foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $505 million to $3.4 billion a week later, according to the latest data released by the SBP on Thursday. more... (ET)

Dar upbeat about uptick in growth

Pakistan is heading towards economic revival and stability due to viable economic reforms of the government and average GDP growth rate in first quarter of the current fiscal year has increased to 5 percent as compared to 2.9 percent in the same period of last year. more... (BR)

SECMC to set up first Thar coal-based power plant: accord inked with Atlas, Liberty and Sapphire

SECMC a joint venture between Engro Powergen and Government of Sindh signed a Memorandum of Understanding (MoU) on Thursday with Pakistan's leading business groups Atlas, Liberty and Sapphire to set up country's first Thar coal-based power plant with an investment of $800 million. more... (BR)

AMCs allowed to outsource functions

The Securities and Exchange Commission of Pakistan (SECP) has allowed asset management companies (AMCs) to outsource its basic functions to third party service providers. more... (N)

Islamic banking rises to $1.6tr: Dar

Finance Minister Ishaq Dar said on Thursday the global size of Islamic Banking had reached $1.6 trillion, hoping that the Steering Committee for the Promotion of Islamic Banking would find ways to raise the banking’s size locally and give suggestions to benefit from itt. more... (D)

IMF, ADB and USAID take up Discos' sell-off

The International Monetary Fund has reportedly started consultations with the Asian Development Bank and USAID on the proposed power sector's privatisation plan. more... (BR)

NAVs and Returns
as of December 19, 2013
Funds Offer Redemption
POGSF
10.2519/-
10.2519/-
YTD Return
6.06%
POAIIF
52.8267/-
52.2984/-
YTD Return
2.89%
POAAAF
56.19/-
54.79/-
YTD Return
7.71%
POIAAF
58.30/-
56.84/-
YTD Return
7.02%
POAF
10.78/-
YTD Return
6.25%

 

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 13, 2013)
$8.53bn
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) 98.89
Gold Spot(USD/oz) 1,194.87
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.