BasedLine

Date:21-Mar-2014
KSE-100 Index
 
Previous Index 27,258.68
Current Index 27,148.52
Change % -0.40
YTD (CY14)% 7.47
YTD (FY14)% 29.24
Volume (mn) 133.51
Capitilization (USDbn) 16.25
FIPI (USDmn)(Daily) 0.06
FIPI (USDmn) (YTD) 18.71

 

KSE-100 Index
Previous Index 45,475.96
Current Index 45,210.36
Change % -0.58
YTD (CY14)% 6.55
YTD (FY14)% 23.14
Volume (mn) 74.96
Capitilization (USDbn) 8.43

International Indicators
 
Close
%age
BSE-30 21,740.09 -0.42
HANGSENG 21,182.16 -1.79
NIKKEI 225 14,224.23 -1.65
FTSE 6,542.44 -0.47
DJIA 16,331.05 0.67
SSEC 1,993.48 -1.40
NASDAQ 4,319.29 0.27

 
Close
%age
TASI 9,305.64 -0.14
KSE(Kuwait) 7,557.29 0.28
BSE 1,386.27 1.07
MSM 6,932.50 -0.96
ADX 4,784.85 -1.07
DFM 4,303.55 1.13
QSE 11,367.31 -0.18

KIBOR
 
%age
3 Months 10.06
6 Months 10.09
12 Months 10.41

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

Bonds
 
%age
3-Y PIB 11.67
5-Y PIB 12.23
10-Y PIB 12.70
20-Y PIB 13.01
30-Y PIB 13.12
Capital Market Overview

Market watch: Stocks fall as investors cautious over foreign selling

The stock market traded sideways and closed lower as investors opted to stay cautious over fears of foreign selling in index heavyweights such as Lucky Cement (-1.8%). The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.40% or 110.16 points to end at 27,148.52 on Thursday. more... (ET)

News Clippings

Reserves close to $10bn

The country’s foreign exchange reserves are reaching close to $10 billion as announced by the finance minister. The State Bank reported on Thursday that the total reserves of the country rose to $9.648bn in the week ending March 14. more... (D)

Privatisation will end govt’s micromanaging

The Cabinet Committee on Privatisation (CCoP) has been working with complete vigilance and efficiency to balance the competing objectives of maximising sale proceeds while adequately addressing labour, social and environmental issues, said Minister of State for Privatisation. more... (N)

EU wants stronger ties with Pakistan

U Ambassador Lars-Gunnar Wigemark said on Thursday that relations with Pakistan should have stronger political and security dimension. more... (D)

Power production: General Electric to help increase output

General Electric is partnering with Sapphire Electric Company Limited through a memorandum of understanding (MoU) to co-create GE solutions that will play an integral role in delivering more power to Pakistan and help close a gap between the country’s power capacity and demand. more... (ET)

Govt slashes Bhasha Dam funds worth Rs7.5 billion

The government has diverted Rs7.5 billion from Diamer-Bhasha Dam project to Neelum-Jhelum hydropower project, showing that Bhasha Dam is no more top priority project, senior officials told The News on Thursday. more... (N)

Govt plans shipyards at Gwadar, Port Qasim

The government on Thursday decided to set up two new shipyards at Gwadar and Port Qasim with investments from Japanese and Korean firms on build, operate and transfer (BOT) basis. more... (D)

Govt urged to work with private sector

Experts and stakeholders of the economy urged the government on Thursday to set its priorities straight to ensure sustainable economic growth. more... (N)

NAVs and Returns
as of March 20, 2014
Funds Offer Redemption
POGSF
10.4496/-
10.4496/-
YTD Return
6.68%
POAIIF
53.5923/-
53.0564/-
YTD Return
3.93%
POAAAF
55.42/-
54.03/-
YTD Return
6.21%
POIAAF
60.28/-
58.77/-
YTD Return
10.66%
POAF
11.05/-
YTD Return
7.44%

 

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

  Feb-14 Jan-13
MoM (%)
AUM's (PKR bn) 404.36 394.60 2.72
No of AMCs 23 23 0.00
No of Funds 193 193 0.00

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(March 14, 2014)
$9.65bn
Trade Deficit
(Jul-Feb 14)
$(12.54)bn
Curr. A/C
(Jul-Feb 14)
$(2.02)bn
Remittances
(Jul-Feb 14)
$10.2bn
FDI (Jul-Feb 14) $606.3mn
CPI Gen. - YoY
(Feb-14)
7.93%
CPI Gen. - FY14
(Jul-Feb 14)
8.65%

Commodities
 
WTI (USD/bbl) 98.50
Gold Spot(USD/oz) 1,333.71
Cement (Rs./Bag) 518.29
Coal Spot(USD/ton) 73.10
Urea Fertilizer (Rs/bag) 1,840.00
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 6,700.00

 

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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.