BasedLine

Date:13-Mar-2014
KSE-100 Index
 
Previous Index 27,309.02
Current Index 27,115.20
Change % -0.71
YTD (CY14)% 7.34
YTD (FY14)% 29.09
Volume (mn) 207.55
Capitilization (USDbn) 16.40
FIPI (USDmn)(Daily) -0.78
FIPI (USDmn) (YTD) 28.18

 

KSE-100 Index
Previous Index 45,730.45
Current Index 45,343.48
Change % -0.85
YTD (CY14)% 6.86
YTD (FY14)% 23.50
Volume (mn) 121.74
Capitilization (USDbn) 8.61

International Indicators
 
Close
%age
BSE-30 21,856.22 0.14
HANGSENG 21,901.95 -1.65
NIKKEI 225 14,830.39 -2.59
FTSE 6,620.90 -0.97
DJIA 16,340.08 -0.07
SSEC 1,997.69 -0.17
NASDAQ 4,323.33 0.37

 
Close
%age
TASI 9,351.11 -0.04
KSE(Kuwait) 7,503.61 -0.22
BSE 1,374.61 -0.92
MSM 7,069.15 -0.12
ADX 4,650.17 -2.77
DFM 3,935.79 -3.81
QSE 11,349.17 -1.39

KIBOR
 
%age
3 Months 10.07
6 Months 10.10
12 Months 10.38

T-Bills
%age
3 Months 9.79
6 Months 9.80
12 Months 9.84

Bonds
 
%age
3-Y PIB 11.19
5-Y PIB 11.84
10-Y PIB 12.23
20-Y PIB 12.68
30-Y PIB 12.81
Capital Market Overview

Market watch: Index takes a breather after continuous gains

The index opened positive and traded volatile before settling into red, witnessing profit taking by institutions despite further strengthening of the rupee against the US dollar during the day. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.71% or 193.82 points to end at 27,115.20. more... (ET)

News Clippings

State Bank likely to reduce discount rate: analysts

The State Bank of Pakistan (SBP) is expected to slash the discount rate by 0.5 percentage points in its in its March-April monetary policy statement due to lower inflation and drastic appreciation of the exchange rate. more... (BR)

Dollar may stabilise at Rs 98-99: ECAP

Malik Boostan, Chairman Exchange Companies Association of Pakistan, (ECAP) has said that dollar may stable at Rs 98-99 in open currency market to avoid speculation and artificial appreciation of Pak rupee against the greenback. more... (BR)

Trade with India: Minister playing it safe

Commerce Minister Engineer Khurram Dastgir has said that Pakistan is waiting for New Delhi's response to acceptance of "some specific conditions" which will lead to trade liberalisation on a reciprocal basis and without a positive response the process cannot go forward. more... (BR)

Netherlands to invest in three sectors

Dutch Vice Minister for Foreign Trade Simon J H Smits has said the Netherlands government has shortlisted three key sectors for developing investment and joint venture opportunities in Pakistan. more... (N)

Dar exudes optimism on growth, BoP after PKR recovery

The balance of payment problems of the country are over with an increase in foreign inflows and a $2 billion improvement in net foreign exchange reserves of State Bank of Pakistan (SBP) during the last one month. more... (BR)

Abad expo likely to fetch $500m investment

The expo to be organised by the Association of Builders and Developers of Pakistan (Abad) in August is expected to fetch at least $500 million of foreign investment. more... (N)

Power supply: Tajikistan to offer Pakistan another 1,000MW

In a significant development, Tajikistan is planning to offer 1,000 megawatts of electricity to Pakistan, in addition to CASA-1,000 power supply project, in an effort to put its surplus energy to use and help Islamabad ease the energy crisis. more... (ET)

NAVs and Returns
as of March 12, 2014
Funds Offer Redemption
POGSF
10.4432/-
10.4432/-
YTD Return
6.80%
POAIIF
53.5327/-
52.9974/-
YTD Return
3.89%
POAAAF
55.31/-
53.93/-
YTD Return
6.02%
POIAAF
59.66/-
58.17/-
YTD Return
9.53%
POAF
11.01/-
YTD Return
7.09%

 

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 07, 2014)
$9.37bn
Trade Deficit
(Jul-Feb 14)
$(12.54)bn
Curr. A/C
(Jul-Jan 14)
$(2.05)bn
Remittances
(Jul-Feb 14)
$10.2bn
FDI (Jul-Jan 14) $523mn
CPI Gen. - YoY
(Feb-14)
7.93%
CPI Gen. - FY14
(Jul-Feb 14)
8.65%

Commodities
 
WTI (USD/bbl) 98.32
Gold Spot(USD/oz) 1,372.27
Cement (Rs./Bag) 518.47
Coal Spot(USD/ton) 74.30
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.