BasedLine

Date:28-Mar-2014
KSE-100 Index
 
Previous Index 26,821.92
Current Index 27,165.49
Change % 1.28
YTD (CY14)% 7.54
YTD (FY14)% 29.32
Volume (mn) 174.94
Capitilization (USDbn) 16.25
FIPI (USDmn)(Daily) 0.70
FIPI (USDmn) (YTD) 12.99

 

KSE-100 Index
Previous Index 44,647.50
Current Index 44,902.84
Change % 0.57
YTD (CY14)% 5.83
YTD (FY14)% 22.30
Volume (mn) 53.44
Capitilization (USDbn) 8.36

International Indicators
 
Close
%age
BSE-30 22,214.37 0.54
HANGSENG 21,834.45 -0.24
NIKKEI 225 14,622.89 1.01
FTSE 6,588.32 -0.26
DJIA 16,264.23 -0.03
SSEC 2,046.59 -0.83
NASDAQ 4,151.23 -0.54

 
Close
%age
TASI 9,423.08 -0.28
KSE(Kuwait) 7,584.76 -0.10
BSE 1,341.01 -1.03
MSM 6,921.78 -0.06
ADX 4,855.10 0.05
DFM 4,380.67 -0.06
QSE 11,482.34 1.33

KIBOR
 
%age
3 Months 10.15
6 Months 10.16
12 Months 10.42

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

Bonds
 
%age
3-Y PIB 11.92
5-Y PIB 12.47
10-Y PIB 12.81
20-Y PIB 13.09
30-Y PIB 13.18
Capital Market Overview

Market watch: Upbeat index closes above 27,000 level

The index opened gallantly following Wednesday’s foreign inflows in heavy oil names and chemicals and closed in the green above the 27,000 level. The Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 1.28% or 343.57 points to end at 27,165.49. more... (ET)

News Clippings

$550m third IMF tranche received

Pakistan received the third installment of $550 million from the International Monetary Fund (IMF) on Thursday, the State Bank said. more... (D)

Incoming: New loans of $2.2b to come in next two months

Pakistan will receive $2.2 billion in fresh loans in the next two months including expensive borrowing of $500 million by floating Eurobond as the government has decided to pay even a high return of 8.5% for entering the global debt market after a hiatus of seven years. more... (ET)

Forex reserves decline to $9.14 billion

Pakistan's foreign exchange reserves fell to $9.143 billion during the week ended March 21 as compared to $9.648 billion in the previous week, the central bank reported on Thursday. more... (N)

Chinese businessmen to invest in textiles

Chinese businessmen are all set to make sizeable investment in Pakistan's textile industry to keep a firm hold over the global textile market, said business leaders on Thursday. more... (N)

Initiating sell-off: PTA holds information session for bidders

As the country moves closer to the spectrum auction for next-generation mobile broadband internet services, the Pakistan Telecommunication Authority (PTA) briefed prospective bidders about the process during an information session in Islamabad on Thursday. more... (ET0)

Improved economic activity: surge in repatriation of profits, dividends

The overall repatriation of profits and dividends amount by foreign investors has exceeded the Foreign Direct Investment (FDI). From the beginning of this fiscal year, the repatriation of profits is on surge which is supported by improved economic activities. more... (BR)


Switching operations: Faysal Bank to turn to the Islamic banking system

Faysal Bank is going to turn itself into a full-fledged Shariah-compliant institution in the next two to three years. Quoting the CEO of Bahrain’s Ithmaar Bank – which owns a 66.7% stake in Faysal Bank along with associated companies, undertakings and related parties – news agency Reuters has reported the Gulf-based Islamic retail bank wants to consolidate its business line. more... (ET)

NAVs and Returns
as of March 27, 2014
Funds Offer Redemption
POGSF
10.4627/-
10.4627/-
YTD Return
6.68%
POAIIF
53.6380/-
53.1016/-
YTD Return
3.95%
POAAAF
55.09/-
53.71/-
YTD Return
5.58%
POIAAF
60.04/-
58.54/-
YTD Return
10.22%
POAF
11.06/-
YTD Return
7.38%

 

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 21, 2014)
$9.14bn
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) 101.35
Gold Spot(USD/oz) 1,294.04
Cement (Rs./Bag) 518.24
Coal Spot(USD/ton) 72.90
Urea Fertilizer (Rs/bag) 1,840.00
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 6,550.00

 

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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.