BasedLine

Date:07-Jan-2014
KSE-100 Index
 
Previous Index 25,962.18
Current Index 26,169.83
Change % 0.47
YTD (CY14)% 3.60
YTD (FY14)% 24.58
Volume (mn) 149.22
Capitilization (USDbn) 15.06
FIPI (USDmn)(Daily) -2.99
FIPI (USDmn) (YTD) -15.15

 

KSE-100 Index
Previous Index 43,785.78
Current Index 44,009.46
Change % 0.29
YTD (CY14)% 3.72
YTD (FY14)% 19.87
Volume (mn) 85.98
Capitilization (USDbn) 8.15

International Indicators
 
Close
%age
BSE-30 20,787.30 -0.31
HANGSENG 22,684.15 -0.58
NIKKEI 225 15,908.88 -2.35
FTSE 6,730.73 0.19
DJIA 16,425.10 -0.27
SSEC 2,045.71 -1.80
NASDAQ 4,113.68 -0.44

 
Close
%age
TASI 8,611.81 -0.30
KSE(Kuwait) 7,607.71 0.75
BSE 1,250.03 0.13
MSM 6,931.91 0.47
ADX 4,456.00 1.65
DFM 3,428.06 -1.13
QSE 10,784.49 1.13

KIBOR
 
%age
3 Months 10.07
6 Months 10.12
12 Months 10.43

T-Bills
%age
3 Months 9.90
6 Months 9.94
12 Months 9.98

Bonds
 
%age
3-Y PIB 11.60
5-Y PIB 12.25
10-Y PIB 12.50
20-Y PIB 13.03
30-Y PIB 13.20
Capital Market Overview

Market watch: Another day, another high for KSE

The index started on a positive tone, carrying last week’s momentum and hit 26,299 points during intraday trading. Pakistan equities added another 123.12 points to close at yet another high. At the end of the day, the Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.47% or 123.12 points to end at 26,169.83. more... (ET)

News Clippings

Ruling party speeds up privatisation process

In a mad rush to sell off sensitive and important national assets, the ruling Pakistan Muslim League-Nawaz has left behind the privatisation zeal of even the Musharraf government. Its haste is fuelled in part by a desire to please some US friends, according to well-placed sources. more... (ET)

Pakistan, India work on new mechanism to enhance trade

The Indian High Commission and the Lahore Chamber of Commerce and Industry (LCCI) have joined hands in an effort to evolve a new mechanism for regular interaction every month to address issues hampering trade between Islamabad and Delhi. more... (ET)

SNGPL seeks hefty raise in gas tariff

The Sui Northern is seeking a massive Rs69 per MMBTU raise in gas tariff, arguing it would be left with no option but to brave losses worth Rs6 billion per annum if the requested hike is not put in to place. more... (N)

Economic turnaround : President urges businessmen to step up efforts

President Mamnoon Hussain on Monday emphasised the critical role of the business community and entrepreneurs in the ongoing economic turnaround of the country and urged them to step up efforts and complement government’s initiatives. more... (DT)

IMF assured of rising interest rate

Pakistan has assured the International Monetary Fund (IMF) that it will keep increasing the interest rate and purchase dollars from the open market to buffer reserves. The development comes after the IMF blamed the State Bank of Pakistan for its failure to prioritise the most pressing challenge of building reserves. more... (ET)

CSF outstanding payments discussed

The agenda of the forthcoming meeting of the Economic Working Group between Pakistan and the United States which is scheduled to be held in April in Washington also came under discussion. During the meeting the progress on the outstanding payments of the Coalition Support Fund (CSF) were also reviewed. more... (BR)

Cement sales up five percent in December

The sales of cement in December rose by five percent to 2.95 million tonnes against 2.82 million tonnes in the same month last year, a brokerage house reported on Monday. more... (N)

NAVs and Returns
as of December 06, 2013
Funds Offer Redemption
POGSF
10.2884/-
10.2884/-
YTD Return
6.18%
POAIIF
52.9856/-
52.4557/-
YTD Return
3.21%
POAAAF
57.29/-
55.86/-
YTD Return
9.81%
POIAAF
59.46/-
57.97/-
YTD Return
9.15%
POAF
10.84/-
YTD Return
7.28%

 

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) 93.65
Gold Spot(USD/oz) 1,241.00
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.