BasedLine

Date:24-Mar-2014
KSE-100 Index
 
Previous Index 27,148.52
Current Index 26,765.49
Change % -1.41
YTD (CY14)% 5.96
YTD (FY14)% 27.42
Volume (mn) 125.97
Capitilization (USDbn) 16.02
FIPI (USDmn)(Daily) -4.37
FIPI (USDmn) (YTD) 14.34

 

KSE-100 Index
Previous Index 45,210.36
Current Index 44,606.35
Change % -1.34
YTD (CY14)% 5.13
YTD (FY14)% 21.50
Volume (mn) 50.63
Capitilization (USDbn) 8.43

International Indicators
 
Close
%age
BSE-30 21,753.75 0.06
HANGSENG 21,436.70 1.20
NIKKEI 225 14,224.23 -1.65
FTSE 6,557.17 0.23
DJIA 16,302.77 -0.17
SSEC 2,047.62 2.72
NASDAQ 4,276.79 -0.98

 
Close
%age
TASI 9,425.21 1.28
KSE(Kuwait) 7,542.49 -0.20
BSE 1,396.63 0.75
MSM 6,916.15 -0.24
ADX 4,795.37 0.22
DFM 4,346.93 1.01
QSE 11,340.12 -0.24

KIBOR
 
%age
3 Months 10.04
6 Months 10.08
12 Months 10.39

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

Bonds
 
%age
3-Y PIB 11.66
5-Y PIB 12.23
10-Y PIB 12.70
20-Y PIB 13.01
30-Y PIB 13.12
Capital Market Overview

Weekly review: Oil and gas sector drags KSE down by 359 points

The stock market’s three-week rally came to an end as heavy selling in the oil and gas sector resulted in a decline of 359 points (1.4%) in the benchmark KSE-100 index during the week ended March 21. more... (ET)

News Clippings

External debts, liabilities decline by $4 billion in CY13

Pakistan's external debt and liabilities scaled down by some $4 billion during the last calendar year, (CY13), mainly due to massive repayment of Standby Arrangement (SBA) programme to International Monetary Fund (IMF). more... (BR)

Launching 3G services: Public purse to become heavier

One of the biggest questions asked when the arrival of 3G services is discussed is its benefit to the public purse. While there is no official study available that could provide a credible assessment of the impact on economic growth and subsequent contribution in tax revenues, there is a report that gives a snapshot of the next five years. more... (ET)

Govt bonds: Investors switch focus to longer-term papers

It is said that the best indications of the future course for the monetary policy come from the bond market. And the verdict of Pakistan’s bond market is loud and clear: the central bank is going to cut the key interest rate by at least 50 basis points to 9.5% in the next policy announcement in May. more... (ET)

Corporate sector’s generosity for officials

Top officials of the ministry of finance continue to enjoy benefits of the corporate sector by holding positions as directors on the boards of private and semi-government enterprises. more... (D)

Trade promotion: Diversification of export markets a priority, says textile minister

Federal Minister for Textile Industry Abbas Khan Afridi on Friday said the government has decided to focus on searching for new markets in order to enhance the variety of exports at the regional and global level. more... (ET)

Ground-breaking of Rs 44 billion Metro Bus project performed: Nawaz optimistic about Taliban talks, energy

Prime Minister Nawaz Sharif on Sunday expressed satisfaction over a dialogue process with the Taliban and hoped that the government's nominated negotiators would meet with the Taliban leadership anytime soon. more... (BR)

OMCs: Keep margins on hold to fend off criticism, suggests ministry

The Ministry of Finance has suggested that the Economic Coordination Committee (ECC) should keep a proposed increase in margins of oil marketing companies (OMCs) and dealers on hold until prices of petroleum products start falling in a bid to avoid criticism from the public. more... (ET)

NAVs and Returns
as of March 21, 2014
Funds Offer Redemption
POGSF
10.4523/-
10.4523/-
YTD Return
6.69%
POAIIF
53.5997/-
53.0637/-
YTD Return
3.94%
POAAAF
55.13/-
53.75/-
YTD Return
5.66%
POIAAF
60.02/-
58.52/-
YTD Return
10.19%
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) 99.26
Gold Spot(USD/oz) 1,327.55
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) 6,600.00

 

Kindly Click here for PDF Version

(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.