BasedLine

Date:30-Dec-2013
KSE-100 Index
 
Previous Index 25,370.03
Current Index 25,258.05
Change % -0.44
YTD (CY13)% 49.41
YTD (FY14)% 20.24
Volume (mn) 113.88
Capitilization (USDbn) 14.54
FIPI (USDmn)(Daily) 2.64
FIPI (USDmn) (YTD) -9.39

 

KSE-100 Index
Previous Index 42,739.21
Current Index 42,557.79
Change % -0.42
YTD (CY13)% 46.12
YTD (FY14)% 15.92
Volume (mn) 59.62
Capitilization (USDbn) 7.88

International Indicators
 
Close
%age
BSE-30 21,193.58 0.56
HANGSENG 23,243.24 0.27
NIKKEI 225 16,178.94 0.03
FTSE 6,750.87 0.85
DJIA 16,478.41 -0.01
SSEC 2,102.55 1.42
NASDAQ 4,156.59 -0.25

 
Close
%age
TASI 8,494.76 0.16
KSE(Kuwait) 7,586.45 -0.52
BSE 1,228.07 0.42
MSM 6,808.12 0.26
ADX 4,209.48 0.57
DFM 3,287.57 -0.62
QSE 10,360.02 -0.30

KIBOR
 
%age
3 Months 10.06
6 Months 10.14
12 Months 10.46

T-Bills
%age
3 Months 9.93
6 Months 10.01
12 Months 10.10

Bonds
 
%age
3-Y PIB 11.81
5-Y PIB 12.41
10-Y PIB 12.74
20-Y PIB 13.23
30-Y PIB 13.37
Capital Market Overview

Weekly review: Stock market loses ground in holiday season

The stock market shed 321 points or 1.3% in the week ended December 27 amid sluggish activity and lack of foreign interest because of Christmas and New Year, resulting in reduced volumes. more... (ET)

News Clippings

Standby agreement: Pakistan pays 25th IMF instalment

Pakistan repaid $147 million on Friday under the International Monetary Fund (IMF) Standby Agreement (SBA), according to a spokesman for the State Bank of Pakistan (SBP). more... (ET)

Energy import: Iran to supply 1,000MW to Pakistan

Pakistan and Iran are set to sign an initial deal for the supply of 1,000 megawatts of electricity to overcome the crippling energy crisis in Pakistan“Pakistan will be paying 8-11 cents per unit of electricity under the formula agreed with Iran,” more... (ET)

Govt finalises SRO withdrawal plan

The government is likely to announce next week a plan for fiscal adjustments including gas levy on all sectors except domestic consumers and a road map for withdrawal of tax exemptions starting in April 2014. Total impact is estimated at about Rs125 billion or 0.5 per cent of GDP for current fiscal. more... (D)

Technology predictions for 2014 : Higher tech adoption rate to bring more investment

Higher adoption rate of new technology in Pakistan, increased connectivity, greater use of broadband, and excitement for third generation (3G) technology might bring more investment in technology in 2014 that will certainly boost the economy. more... (DT)

Technical support: India to assist in installing biomass power plant

Punjab Agriculture Minister Dr Farrukh Javed has announced that 1,277 megawatts of electricity will be generated from 10.94 million tons of biomass available from the residue of crops. A company from Indian Punjab named Universal Biomass Energy will help Pakistan by providing necessary technical guidance for setting up the plant. more... (ET)

All set: Banking sector prospects look bright for next year

With emerging clarity on the likely trend of the monetary policy in 2014, leading banks look set to benefit from widening spreads, decreasing non-performing loans (NPLs) and the government’s offloading of stakes in the banking sector. more... (ET)

Full spectrum: 3G, 4G or 5G – country needs to find solution

Finally, with the international consultants in place, the Pakistan Telecommunication Authority (PTA) is moving towards spectrum auction for wireless broadband networks. Asking for 4G is actually justified. 4G already covers 20% of the global population and is projected to cover half the world by 2017. more... (ET)

NAVs and Returns
as of December 27, 2013
Funds Offer Redemption
POGSF
10.2676/-
10.2676/-
YTD Return
6.11%
POAIIF
52.9131/-
52.3840/-
YTD Return
3.10%
POAAAF
56.44/-
55.03/-
YTD Return
8.18%
POIAAF
58.38/-
56.92/-
YTD Return
7.17%
POAF
10.83/-
YTD Return
6.92%

 

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) 100.21
Gold Spot(USD/oz) 1,210.54
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.