BasedLine

Date:26-Mar-2014
KSE-100 Index
 
Previous Index 26,391.41
Current Index 26,670.14
Change % 1.06
YTD (CY14)% 5.58
YTD (FY14)% 26.97
Volume (mn) 80.65
Capitilization (USDbn) 15.96
FIPI (USDmn)(Daily) -0.94
FIPI (USDmn) (YTD) 9.17

 

KSE-100 Index
Previous Index 44,016.53
Current Index 44,420.77
Change % 0.92
YTD (CY14)% 4.69
YTD (FY14)% 20.99
Volume (mn) 34.88
Capitilization (USDbn) 8.28

International Indicators
 
Close
%age
BSE-30 22,055.21 0.02
HANGSENG 21,732.32 -0.52
NIKKEI 225 14,423.19 -0.36
FTSE 6,604.89 1.30
DJIA 16,367.88 0.56
SSEC 2,067.31 0.05
NASDAQ 4,234.27 0.19

 
Close
%age
TASI 9,433.63 0.05
KSE(Kuwait) 7,581.41 0.36
BSE 1,356.42 -1.54
MSM 6,937.78 0.31
ADX 4,812.05 0.19
DFM 4,345.49 0.63
QSE 11,309.53 0.45

KIBOR
 
%age
3 Months 10.08
6 Months 10.11
12 Months 10.40

T-Bills
%age
3 Months 10.02
6 Months 9.99
12 Months 10.00

Bonds
 
%age
3-Y PIB 11.69
5-Y PIB 12.23
10-Y PIB 12.70
20-Y PIB 13.02
30-Y PIB 13.12
Capital Market Overview

Market watch: Index’s run of closing in red ends

The stock market finally ended on a bullish note as some clarity emerged on foreign selling. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 1.06% or 278.14 points to end at 26,670.14. more... (ET)

News Clippings

Macroeconomic indicators showing positive direction: Dar

National Price Monitoring Committee meeting was held on Tuesday under the chairmanship of Federal Minister for Finance, Ishaq Dar. The Finance Minister said price stability throughout the country has always been the top priority of the PML-N government. more... (BR)

$500 million Eurobonds: first roadshow in Dubai next month

Finance Minister Ishaq Dar is scheduled to leave Pakistan for Dubai on April 1 to hold the first roadshow with expectation to raise $500 million projected in the current fiscal year budget to meet fiscal deficit financing, it is learnt. more... (BR)

Second review completed: economic conditions remain challenging: IMF

The International Monetary Fund (IMF) has said that economic conditions of Pakistan remain challenging, and more needs to be done to reduce vulnerabilities. more... (BR)

Assurance to IMF: Circular debt money to be recovered from consumers

Pakistan has assured the International Monetary Fund (IMF) that it will recover over Rs300 billion debt, along with interest that had been obtained from banks to retire the circular debt, from electricity consumers by increasing power tariffs – a move tantamount to punishing honest consumers and rewarding thieves. more... (ET)

Investment-oriented: Chinese see scope of JVs in multiple sectors

Chinese delegates have said that there is vast scope for joint ventures between the two countries in the fields of agriculture, textile, pharmaceutical, automobile, leather, transport and construction. more... (ET)

Foreign banks assets, deposits declining: central bank

Once upon a time, foreign banks were bullish on Pakistan and eager to capitalise on growth in a country considered underbanked. No longer: as the State Bank of Pakistan’s quarterly compendium on sector stats shows, the share of foreign banks in overall banking sector assets and deposits is on the decline. more... (N)

Positive signs: Price stability top priority, says Dar

Finance Minister Ishaq Dar said on Tuesday that price stability throughout the country was always the top priority of the government. He said this while chairing the National Price Monitoring Committee (NPMC) meeting at the ministry. more... (ET)

NAVs and Returns
as of March 25, 2014
Funds Offer Redemption
POGSF
10.4585/-
10.4585/-
YTD Return
6.67%
POAIIF
53.6296/-
53.0932/-
YTD Return
3.96%
POAAAF
54.84/-
53.47/-
YTD Return
5.11%
POIAAF
59.96/-
58.46/-
YTD Return
10.07%
POAF
11.06/-
YTD Return
7.40%

 

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) 99.35
Gold Spot(USD/oz) 1,313.15
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

 

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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.