BasedLine

Date:15-Jan-2014
KSE-100 Index
 
Previous Index 26,488.32
Current Index 26,590.69
Change % 0.39
YTD (CY14)% 5.26
YTD (FY14)% 26.59
Volume (mn) 108.15
Capitilization (USDbn) 15.29
FIPI (USDmn)(Daily) 0.96
FIPI (USDmn) (YTD) -10.65

 

KSE-100 Index
Previous Index 44,202.36
Current Index 44,338.81
Change % 0.31
YTD (CY14)% 4.50
YTD (FY14)% 20.77
Volume (mn) 66.75
Capitilization (USDbn) 8.21

International Indicators
 
Close
%age
BSE-30 21,134.21 1.81
HANGSENG 22,888.76 0.19
NIKKEI 225 15,912.06 0.20
FTSE 6,757.15 0.26
DJIA 16,257.94 -1.09
SSEC 2,014.10 -0.17
NASDAQ 4,113.31 -1.47

 
Close
%age
TASI 8,696.39 -0.18
KSE(Kuwait) 7,623.09 -0.07
BSE 1,269.28 0.53
MSM 7,136.92 -0.33
ADX 4,442.19 -0.34
DFM 3,568.41 0.52
QSE 11,051.48 0.29

KIBOR
 
%age
3 Months 10.09
6 Months 10.14
12 Months 10.46

T-Bills
%age
3 Months 9.94
6 Months 9.98
12 Months 10.03

Bonds
 
%age
3-Y PIB 11.89
5-Y PIB 12.39
10-Y PIB 12.65
20-Y PIB 13.08
30-Y PIB 13.21
Capital Market Overview

Market watch: Lower volume but a higher index

The index continued to inch up and closed at yet another record high near 26,600. However, volumes remained low on account of the two-day holiday during the week. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.39% or 102.37 points to end at 26,590.69. more... (ET)

News Clippings

Divestment of 10pc OGDCL shares termed unmanageable

Market analysts have expressed reservations over the planned divestment of 10 percent stakes in the Oil and Gas Development Company Limited (OGDCL), which the Privatisation Commission has reportedly approved. more... (N)

Bilateral relations: ‘Ambitious to strengthen ties with South Africa’

Majority shareholders of Masood Textile Mills have formally agreed to sell 52% shareholding through a Share Purchase Agreement with a Chinese group and two other acquirers, according to a notice sent to the Karachi Stock Exchange (KSE) on Monday. more... (ET)

Anti-money laundering: SBP, FIA to deepen cooperation

The State Bank of Pakistan (SBP) and the Federal Investigation Agency (FIA) have signed a memorandum of understanding (MoU) to further formalise coordination between the two institutions. SBP Governor Yaseen Anwar and FIA Director General Saud Ahmed Mirza signed the document at the SBP Karachi office on Monday. more... (ET)

26 percent of PIA shares: motion moved against divestment

Senator Raza Rabbani of Pakistan People's Party (PPP) Monday moved a privilege motion in Senate against government decision to divest 26 percent shares of Pakistan International Airlines (PIA). more... (BR)

Freight margin: Finance ministry calls for criteria to stop misuse

The Ministry of Finance and Planning Commission have floated a proposal that calls for setting criteria for taking strict action against the oil marketing companies (OMCs). more... (ET)

No MFN status to India for now

Pakistan on Monday ruled out the possibility of granting Most-Favoured Nation (MFN) status to India in the trade talks to begin from Wednesday (tomorrow) in New Delhi. “Granting MFN status to India is not part of agenda of the talks as both sides will hold negotiations on giving non-discriminatory access (NDA) to the markets of two countries,”. more... (TN)

Buy-out: Chinese firm to acquire Masood Textile Mills

Majority shareholders of Masood Textile Mills have formally agreed to sell 52% shareholding through a Share Purchase Agreement with a Chinese group and two other acquirers, according to a notice sent to the Karachi Stock Exchange (KSE) on Monday. more... (ET)

NAVs and Returns
as of January 13, 2014
Funds Offer Redemption
POGSF
10.3043/-
10.3043/-
YTD Return
6.25%
POAIIF
53.0380/-
52.5076/-
YTD Return
3.28%
POAAAF
57.55/-
56.11/-
YTD Return
10.30%
POIAAF
59.81/-
58.31/-
YTD Return
9.79%
POAF
10.90/-
YTD Return
7.36%

 

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
(January 03, 2013)
$8.11bn
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) 92.59
Gold Spot(USD/oz) 1,241.26
Cement (Rs./Bag) 514.88
Coal Spot(USD/ton) 84.25
Urea Fertilizer (Rs/bag) 1,856.15
DAP (Rs./bag) 1888.87
KCA Cotton (Rs/mound) 7000.00

 

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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.