BasedLine

Date:06-Jan-2014
KSE-100 Index
 
Previous Index 25,608.85
Current Index 25,962.18
Change % 1.38
YTD (CY13)% 2.78
YTD (FY14)% 23.60
Volume (mn) 257.11
Capitilization (USDbn) 14.94
FIPI (USDmn)(Daily) -0.47
FIPI (USDmn) (YTD) -16.16

 

KSE-100 Index
Previous Index 43,235.29
Current Index 43,785.78
Change % 1.27
YTD (CY13)% 3.19
YTD (FY14)% 19.26
Volume (mn) 108.86
Capitilization (USDbn) 8.11

International Indicators
 
Close
%age
BSE-30 20,851.33 -0.18
HANGSENG 22,817.28 -2.24
NIKKEI 225 16,291.31 0.69
FTSE 6,730.67 0.19
DJIA 16,469.99 0.17
SSEC 2,083.14 -1.24
NASDAQ 4,131.91 -0.27

 
Close
%age
TASI 8,637.74 0.23
KSE(Kuwait) 7,551.13 0.02
BSE 1,248.35 0.03
MSM 6,899.14 0.14
ADX 4,383.68 0.56
DFM 3,467.18 -0.15
QSE 10,664.16 1.13

KIBOR
 
%age
3 Months 10.09
6 Months 10.15
12 Months 10.48

T-Bills
%age
3 Months 9.87
6 Months 9.94
12 Months 9.97

Bonds
 
%age
3-Y PIB 11.60
5-Y PIB 12.24
10-Y PIB 12.50
20-Y PIB 13.05
30-Y PIB 13.22
Capital Market Overview

Weekly review: KSE-100 rings in 2014 by crossing 26,000 points

The stock market resumed its upward drive, following a brief correction in the previous week as the benchmark KSE-100 index shot up by 788 points (3.1%) to usher the New Year by shattering the 26,000-point barrier during the week ended January 3. more... (ET)

News Clippings

Sell-off of 31 SOEs: privatisation BoD meets on January 8

The Board of Directors (BoD) of Privatisation Commission (PC) is all-set to take up the issue of selling 31 state-owned entities including Oil and Gas Development Company (OGDCL) and Pakistan Petroleum Limited (PPL) in its secluded meeting on January 8-9, it has been learnt. more... (BR)

Bridging gaps: Economic growth on back of foreign capital

Foreign capital refers to the investment in a country that comes from non-residents. It has a crucial role in development of every national economy, irrespective of its level of development. more... (ET)

December 5 LoI commits to ameliorate risks to EFF

The Letter of Intent (LoI) dated 5 December commits to several contingent measures to ameliorate risks to the $6.4 billion Extended Fund Facility programme, including reduced expenditure allocations in the first nine months compared to the budget and refraining from issuing any new concessions or exemptions (including customs tariffs) through SROs. more... (BR)

Pakistan yet to receive $798 million under CSF

Pakistan is yet to receive $798 million under Coalition Support Fund (CSF) from the United States for the period from October 2012 to March 2013. Finance Minister Ishaq Dar briefed the Cabinet and media that the government had billed $798 million for recovery under the CSF for October 2012 to March 2013. more... (BR)

Growth rate to hit 3.7pc: IMF

The International Monetary Fund has projected that Pakistan's economic growth is expected to accelerate to about 3.7pc over the next fiscal year, and to rise further in the medium-term as fiscal adjustment eases and structural reforms alleviate constrains in the energy sector. more... (D)

Banking sector: One step ahead, two steps back

It appears to be the proverbial ‘one step forward, two steps back' situation for the banking sector of Pakistan. First the central bank kept squeezing the banks' spreads by lowering the discount rate. Then it changed the methodology to calculate the minimum deposit rate, which limited the gains the banking sector was set to have in the wake of monetary tightening in the economy more... (ET)

Cement sales see surge in last month of 2013

Domestic cement dispatches in December 2013 hit 2.33 million tons – the highest-ever monthly sales – compared to 2.24 million tons in the same month of 2012, representing a 3.8% growth. more... (ET)

NAVs and Returns
as of December 03, 2013
Funds Offer Redemption
POGSF
10.2832/-
10.2832/-
YTD Return
6.18%
POAIIF
52.9639/-
52.4343
YTD Return
3.18%
POAAAF
57.13/-
55.70/-
YTD Return
9.49%
POIAAF
59.36/-
57.88/-
YTD Return
8.98%
POAF
10.84/-
YTD Return
6.78%

 

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 27, 2013)
$8.52bn
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) 94.03
Gold Spot(USD/oz) 1,242.11
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.