BasedLine

Date:27-Dec-2013
KSE-100 Index
 
Previous Index 25,366.69
Current Index 25,370.03
Change % 0.01
YTD (CY13)% 50.07
YTD (FY14)% 20.78
Volume (mn) 108.67
Capitilization (USDbn) 14.60
FIPI (USDmn)(Daily) 0.80
FIPI (USDmn) (YTD) -12.03

 

KSE-100 Index
Previous Index 42,788.23
Current Index 42,808.80
Change % 0.05
YTD (CY13)% 46.98
YTD (FY14)% 16.60
Volume (mn) 78.74
Capitilization (USDbn) 7.93

International Indicators
 
Close
%age
BSE-30 21,074.59 0.20
HANGSENG 23,179.55 0.00
NIKKEI 225 16,174.44 1.03
FTSE 6,694.17 0.00
DJIA 16,479.88 0.75
SSEC 2,073.10 -1.58
NASDAQ 4,167.18 0.28

 
Close
%age
TASI 8,481.10 -0.01
KSE(Kuwait) 7,626.23 -0.23
BSE 1,222.90 0.49
MSM 6,790.77 0.10
ADX 4,185.65 -0.05
DFM 3,307.95 0.03
QSE 10,391.17 -0.68

KIBOR
 
%age
3 Months 10.07
6 Months 10.15
12 Months 10.47

T-Bills
%age
3 Months 9.92
6 Months 9.99
12 Months 10.08

Bonds
 
%age
3-Y PIB 11.80
5-Y PIB 12.41
10-Y PIB 12.71
20-Y PIB 13.23
30-Y PIB 13.37
Capital Market Overview

Market Watch: Stocks steady on thin volumes as investors wait until year-end

Despite an initial spike, the stock market ended steady on Thursday with volumes staying low close to the end of the year. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.01% or 3.34 points to end at 25,370.03 points. more... (ET)

News Clippings

CDWP approves eight projects

The Central Development Working Party (CDWP) has approved eight projects worth Rs4.7 billion during a meeting with Deputy Chairman Planning Commission Ahsan Iqbal on Thursday. more... (N)

Foreign currency: With heavy debt repayment, reserves fall to $3.1b

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased to $3.1 billion on December 20 as opposed to $3.4 billion a week earlier, showed data released by the SBP on Thursday. more... (ET)

TDAP to setup GSP Plus helpdesk

Trade Development Authority of Pakistan (TDAP) is setting up a GSP Plus helpdesk in Karachi and developing a mobile application, especially for the EU’s GSP Plus status on the iOS, Android & Windows platform, to facilitate exporters. more... (N)

Profit abroad: China a paradise for budding entrepreneurs

As an aspiring entrepreneur China is the dream country to start a business. Adil Husain, a Pakistani entrepreneur who started his business in China seven years ago, advises budding Pakistani entrepreneurs to enter the Chinese market instead of any other country. more... (ET)

LNG imports deal worth $2 billion in hot water

The $2 billion deal of terminal contract services for fast-track LNG imports took a new turn as Elengy Terminal Pakistan Limited (ETPL), a wholly-owned subsidiary of Engro Corporation, has further demanded basic changes in the tender terms and conditions, official sources said. more... (N)

New trend: Islamic banking gaining ground globally

University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan has said Islamic banking is gaining popularity across the globe as the volume of Islamic banking has touched $1.4 trillion. more... (ET)

Non-reconciliation of receivables: power sector faces serious financial problems

The government's inability to reconcile power sector receivables may drag the sector into serious financial problems and increase the duration of loadshedding beyond the current level of 8 to 10 hours. Sources said Pepco's rising outstandings against public sector remained one of the major agenda items of the last finance secretaries' meeting. more... (BR)

NAVs and Returns
as of December 26, 2013
Funds Offer Redemption
POGSF
10.2658/-
10.2658/-
YTD Return
6.11%
POAIIF
52.8777/-
52.3489/-
YTD Return
2.98%
POAAAF
56.26/-
54.85/-
YTD Return
7.82%
POIAAF
58.43/-
56.97/-
YTD Return
7.27%
POAF
10.83/-
YTD Return
6.91%

 

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-Nov13)
$(1.88)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) 99.50
Gold Spot(USD/oz) 1,205.05
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.