BasedLine

Date:07-Mar-2014
KSE-100 Index
 
Previous Index 26,521.99
Current Index 26,842.53
Change % 1.21
YTD (CY14)% 6.26
YTD (FY14)% 27.79
Volume (mn) 189.54
Capitilization (USDbn) 16.25
FIPI (USDmn)(Daily) -2.12
FIPI (USDmn) (YTD) 31.84

 

KSE-100 Index
Previous Index 44,570.43
Current Index 44,967.32
Change % 0.89
YTD (CY14)% 5.98
YTD (FY14)% 22.48
Volume (mn) 95.74
Capitilization (USDbn) 8.54

International Indicators
 
Close
%age
BSE-30 21,513.87 1.11
HANGSENG 22,702.97 0.55
NIKKEI 225 15,134.75 1.59
FTSE 6,788.49 0.19
DJIA 16,421.89 0.38
SSEC 2,071.47 -0.18
NASDAQ 4,352.13 -0.13

 
Close
%age
TASI 9,248.82 0.95
KSE(Kuwait) 7,507.43 0.41
BSE 1,373.27 0.27
MSM 7,118.12 -0.16
ADX 4,896.87 -0.83
DFM 4,153.64 1.29
QSE 11,607.03 2.30

KIBOR
 
%age
3 Months 10.11
6 Months 10.14
12 Months 10.44

T-Bills
%age
3 Months 9.95
6 Months 9.97
12 Months 9.99

Bonds
 
%age
3-Y PIB 11.92
5-Y PIB 12.41
10-Y PIB 12.80
20-Y PIB 13.01
30-Y PIB 13.11
Capital Market Overview

Market watch: Institutional buying keeps stocks’ upward momentum

Continuing with its recent momentum, the index closed the 27,000 level as massive institutional buying excited investors to jump in the rally. The Karachi Stock Exchange’s (KSE) benchmark 100- index rose 1.21% or 320.54 points to end at 26,842.53. more... (ET)

News Clippings


Forex reserves rise to $8.73bn

The total liquid foreign exchange reserves of the country increased by $82.4 million to $8.737 billion by the week ended February 28 from $8.654 billion in the previous week, the State Bank of Pakistan (SBP) reported on Thursday. more... (N)


US to give $72m for Mangla

The United States and Pakistan on Thursday signed a $72 million project implementation agreement to refurbish and upgrade the Mangla Dam located in the Mirpur district of Azad Kashmir. more... (N)


Prime Minister links high growth to a thriving industry

Prime Minister Muhammad Nawaz Sharif has expressed the hope that the volume of Pakistani exports will be increased by US $1.5 billion during the fiscal year 2014-15. more... (BR)


Turkish mobile operator discusses spectrum

A delegation of Turkish mobile phone operator, Turkcell, arrived on Thursday to assess the market conditions ahead of the auction of 3G/4G licences scheduled for April 7, 2014. more... (N)

MOL completes work on $225m gas processing plant

MOL Pakistan has announced that its joint venture in Tal block has completed work on Makori gas processing plant at a cost of $225 million, which will immediately start producing 300 tons of liquefied petroleum gas (LPG) per day. more... (ET)


Pakistan to ink initial deal on CASA power import project

Pakistan and countries participating in the US-backed Casa-1,000 megawatt (MW) project are set to sign the initial deal in Istanbul, Turkey. more... (ET)


Dent in revenues: Govt admits to revising tax target downwards

After months of public denial, the federal government on Thursday admitted that the Rs2.475 trillion tax target has been revised downward, which will have direct implications for the development budget that has also been sliced by one-fifth. more... (ET)

NAVs and Returns
as of March 06, 2014
Funds Offer Redemption
POGSF
10.4026/-
10.4026/-
YTD Return
6.37%
POAIIF
53.4818/-
52.9470/-
YTD Return
3.84%
POAAAF
55.59/-
54.20/-
YTD Return
6.55%
POIAAF
59.57/-
57.08/-
YTD Return
9.36%
POAF
10.99/-
YTD Return
7.11%

 

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

  Jan-14 Dec-13
MoM (%)
AUM's (PKR bn) 394.60 388.26 1.63
No of AMCs 23 23 0.00
No of Funds 192 193 -0.52

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(February 28, 2014)
$8.74bn
Trade Deficit
(Jul-Jan 14)
$(11.11)bn
Curr. A/C
(Jul-Jan 14)
$(2.05)bn
Remittances
(Jul-Jan 14)
$9.00bn
FDI (Jul-Jan 14) $523mn
CPI Gen. - YoY
(Feb-14)
7.93%
CPI Gen. - FY14
(Jul-Feb 14)
8.65%

Commodities
 
WTI (USD/bbl) 101.82
Gold Spot(USD/oz) 1,349.45
Cement (Rs./Bag) 518.47
Coal Spot(USD/ton) 76.35
Urea Fertilizer (Rs/bag) 1,846.89
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 6,850.00

 

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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.