BasedLine

Date:29-Jan-2014
KSE-100 Index
 
Previous Index 26,670.60
Current Index 26,653.73
Change % -0.06
YTD (CY14)% 5.51
YTD (FY14)% 26.89
Volume (mn) 163.81
Capitilization (USDbn) 15.33
FIPI (USDmn)(Daily) -2.81
FIPI (USDmn) (YTD) 12.57

 

KSE-100 Index
Previous Index 44,029.61
Current Index 43,857.64
Change % -0.39
YTD (CY14)% 3.36
YTD (FY14)% 19.46
Volume (mn) 49.61
Capitilization (USDbn) 8.12

International Indicators
 
Close
%age
BSE-30 20,683.51 -0.12
HANGSENG 21,960.64 -0.07
NIKKEI 225 14,980.16 -0.17
FTSE 6,572.30 0.33
DJIA 15,928.56 0.57
SSEC 2,044.93 0.49
NASDAQ 4,097.96 0.35

 
Close
%age
TASI 8,656.11 0.01
KSE(Kuwait) 7,749.49 -0.41
BSE 1,277.78 0.48
MSM 7,148.21 -0.12
ADX 4,585.81 1.28
DFM 3,805.16 3.18
QSE 11,348.45 -0.67

KIBOR
 
%age
3 Months 10.08
6 Months 10.13
12 Months 10.44

T-Bills
%age
3 Months 9.95
6 Months 9.97
12 Months 10.01

Bonds
 
%age
3-Y PIB 11.69
5-Y PIB 12.08
10-Y PIB 12.53
20-Y PIB 12.99
30-Y PIB 13.10
Capital Market Overview

Market watch: Index falls to correction

tocks opened positive and seemed to be on track to cover most of the losses on respite in regional markets and in absence of foreigner’s participation in dumping shares. However, limited institutional participation and sell-calls by chartist wiped most of the morning gains. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.06% or 16.87 points to end at 26,653.73. more... (ET)

News Clippings

Budget deficit curtailed at 2.2pc of GDP

The government has succeeded in curtailing the budget deficit at 2.2 percent of GDP due to collection of Rs545 billion in non-tax revenues during the six months of 2013-14, official sources said. more... (N)

SBP steps up push to develop Islamic banking

The State Bank of Pakistan is stepping up its push to develop Islamic banking, encouraging lenders to expand their operations in the world's second most populous Muslim nation. more... (BR)

3G/4G licence memorandum next month

The consultant hired for finalising the auction of 3G/4G licences will finalise its Information Memorandum (IM) within the first 10 days of the next month . more... (N)

106 megawatts hydropower project: Wapda awards contract

Water and Power Development Authority (Wapda) has awarded the contract of 106 MW Golan Gol Hydropower Project to M/s Andritz Hydro Gmbh, Austria -Andritz China Ltd. Consortium at a cost of Rs 5.650 billion. more... (BR)

Clearance of 900 old cars approved by ECC: TCP to buy 125,000 tons of sugar

The Economic Co-ordination Committee (ECC) of the Cabinet has approved clearance of 900 old vehicles from Karachi Port and allowed Trading Corporation of Pakistan (TCP) to purchase 75,000 tons of sugar from mills in the first month and 50,000 tons in the subsequent months. more... (BR)

Foreigners to inject $3bn in Pak economy: OICCI

Foreign investors intend to inject around $3 billion investment in the Pakistani economy in the next five years due to the fact that foreign investors have done well in terms of their bottom-lines, the Perception and Investment Survey 2013 released by the Overseas Investors Chambers of Commerce and Industry (OICCI). more... (N)

Unjustified revenue: New fertiliser plants make billions on disputed claims

A committee, constituted by the Economic Coordination Committee (ECC) of the cabinet, has found that new fertiliser manufacturing plants have pocketed billions of rupees from farmers with a sudden increase in urea prices on false claims of a rise in Gas Infrastructure Development Cess (GIDC). more... (ET)

NAVs and Returns
as of January 28, 2014
Funds Offer Redemption
POGSF
10.3295/-
10.3295/-
YTD Return
6.24%
POAIIF
53.1825/-
52.6507/-
YTD Return
3.52%
POAAAF
57.10/-
55.67/-
YTD Return
9.44%
POIAAF
59.71/-
58.22/-
YTD Return
9.62%
POAF
10.94/-
YTD Return
7.48%

 

Funds Rating
AMC
AM3-
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
2 Star
POIAAF
4 Star
POGSF
AA(f)

  Dec-13 Nov-13
MoM (%)
AUM's (PKR bn) 388.26 375.76 3.33
No of AMCs 23 23 0.00
No of Funds 193 191 1.05

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(January 17, 2014)
$8.17bn
Trade Deficit
(Jul-Dec 13)
$(9.03)bn
Curr. A/C
(Jul-Dec 13)
$(1.59)bn
Remittances
(Jul-Dec 13)
$7.79bn
FDI (Jul-Dec 13) $416mn
CPI Gen. - YoY
(Dec-13)
9.18%
CPI Gen. - FY14
(Jul-Dec 13)
8.89%

Commodities
 
WTI (USD/bbl) 97.18
Gold Spot(USD/oz) 1,253.46
Cement (Rs./Bag) 517.24
Coal Spot(USD/ton) 80.40
Urea Fertilizer (Rs/bag) 1,881.15
DAP (Rs./bag) 1888.87
KCA Cotton (Rs/mound) 7050.00

 

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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.