BasedLine

Date:14-Feb-2014
KSE-100 Index
 
Previous Index 26,677.27
Current Index 26,541.26
Change % -0.51
YTD (CY14)% 5.07
YTD (FY14)% 26.35
Volume (mn) 148.50
Capitilization (USDbn) 16.13
FIPI (USDmn)(Daily) -3.05
FIPI (USDmn) (YTD) 19.48

 

KSE-100 Index
Previous Index 44,121.83
Current Index 43,815.50
Change % -0.69
YTD (CY14)% 3.26
YTD (FY14)% 19.34
Volume (mn) 48.25
Capitilization (USDbn) 8.29

International Indicators
 
Close
%age
BSE-30 20,193.35 -1.25
HANGSENG 22,165.53 -0.54
NIKKEI 225 14,534.74 -1.79
FTSE 6,659.42 -0.23
DJIA 16,027.59 0.40
SSEC 2,098.40 -0.55
NASDAQ 4,240.67 0.94

 
Close
%age
TASI 8,929.60 0.19
KSE(Kuwait) 7,842.62 -0.23
BSE 1,317.94 0.23
MSM 7,173.24 0.19
ADX 4,892.41 0.49
DFM 4,098.67 1.27
QSE 11,515.50 0.55

KIBOR
 
%age
3 Months 10.12
6 Months 10.16
12 Months 10.44

T-Bills
%age
3 Months 9.90
6 Months 9.96
12 Months 9.99

Bonds
 
%age
3-Y PIB 11.99
5-Y PIB 12.42
10-Y PIB 12.79
20-Y PIB 13.02
30-Y PIB 13.12
Capital Market Overview

Market watch: Late profit-taking pushes index in red

Continuing with Wednesday’s momentum, the index started on a positive note and quickly rose to 26,850 levels on Thursday, before late selling mainly on profit-taking, wiped morning gains and pulled the index in red. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.51% or 136.01 points to end at 26,541.26. more... (ET)

News Clippings


SBP reserves slip to 13-year low at $2.8 billion

The State Bank of Pakistan’s (SBP) foreign exchange reserves tumbled down to a historic $2.8 billion — the lowest since 2001 — according to statistics issued by the central bank on Thursday. more... (N)


Tackling manipulation: Govt officials scupper plans to empower oil regulator

The civil bureaucracy and the ruling elite have blocked attempts aimed at empowering the oil and gas industry regulator to slap fines and penalties on oil marketing companies (OMCs) for allegedly forming a cartel to charge higher prices and pocket billions from consumers. more... (ET)

State-Owned Enterprises 26 percent shares to be divested

Finance Minister Ishaq Dar reportedly said Thursday that the word 'privatisation' should not be used in future because it gave an impression as if the government wanted to sell national assets, it is learnt. more... (BR)

GSP Plus status to enhance trade

Consul General of Germany Dr Tilo Klinner has said that the GSP Plus status will play an important role in further strengthening the business relations between Pakistan and Germany, a statement said on Thursday. more... (N)


Sigh of relief: Power companies escape turnover tax again

The federal government has exempted power distribution companies from 1% turnover tax for one more year, providing relief to electricity consumers, but the decision may annoy the International Monetary Fund (IMF) that is advocating withdrawal of all tax exemptions. more... (ET)


Dar reviews overall economic situation

A meeting to review the overall economy with a focus on external financing was held at the Ministry of Finance under the chairmanship of the Federal Minister for Finance Senator Mohammad Ishaq Dar here on Thursday. more... (BR)

Comcast to buy Time Warner Cable for $45.2 billion

Comcast Corp said on Thursday it would buy Time Warner Cable Inc for $45.2 billion in an all-stock deal that combines the two largest US cable operators. more... (BR)

NAVs and Returns
as of February 13, 2014
Funds Offer Redemption
POGSF
10.3591/-
10.3591/-
YTD Return
6.24%
POAIIF
53.2962/-
52.7632/-
YTD Return
3.62%
POAAAF
57.01/-
55.58/-
YTD Return
9.22%
POIAAF
60.00/-
58.50/-
YTD Return
10.39%
POAF
10.96/-
YTD Return
7.24%

 

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 31, 2014)
$8.02bn
Trade Deficit
(Jul-Jan 14)
$(11.11)bn
Curr. A/C
(Jul-Dec 13)
$(1.59)bn
Remittances
(Jul-Jan 14)
$9.00bn
FDI (Jul-Dec 13) $416mn
CPI Gen. - YoY
(Jan-14)
7.91%
CPI Gen. - FY14
(Jul-Jan 14)
8.75%

Commodities
 
WTI (USD/bbl) 100.21
Gold Spot(USD/oz) 1,306.10
Cement (Rs./Bag) 517.82
Coal Spot(USD/ton) 76.85
Urea Fertilizer (Rs/bag) 1,884.82
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 7,000.00

 

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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.