BasedLine

Date:07-Apr-2014
KSE-100 Index
 
Previous Index 28,336.36
Current Index 28,408.03
Change % 0.25
YTD (CY14)% 12.46
YTD (FY14)% 35.24
Volume (mn) 327.56
Capitilization (USDbn) 17.05
FIPI (USDmn)(Daily) 5.34
FIPI (USDmn) (YTD) 50.99

 

KSE-100 Index
Previous Index 46,594.97
Current Index 46,569.72
Change % -0.05
YTD (CY14)% 9.75
YTD (FY14)% 26.84
Volume (mn) 188.44
Capitilization (USDbn) 8.79

International Indicators
 
Close
%age
BSE-30 22,359.50 -0.66
HANGSENG 22,510.08 -0.24
NIKKEI 225 15,063.77 -0.05
FTSE 6,695.55 0.70
DJIA 16,412.71 -0.96
SSEC 2,058.83 0.74
NASDAQ 4,127.73 -2.60

 
Close
%age
TASI 9,531.40 -0.28
KSE(Kuwait) 7,583.22 0.14
BSE 1,373.88 0.47
MSM 6,769.55 -0.09
ADX 4,966.36 0.87
DFM 4,589.68 -0.62
QSE 12,098.46 0.96

KIBOR
 
%age
3 Months 10.17
6 Months 10.18
12 Months 10.45

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

Bonds
 
%age
3-Y PIB 12.01
5-Y PIB 12.48
10-Y PIB 12.86
20-Y PIB 13.11
30-Y PIB 13.20
Capital Market Overview

Weekly review: KSE-100 breaks past 28,000-point barrier on MSCI changes

The MSCI’s decision to make changes to Frontier Markets portfolio resulted in the benchmark KSE-100 index putting in a stunning performance and gaining 1,291 points to shatter past the 28,000 points barrier during the week ended April 4. It was a great week for investors as the KSE-100 recorded five straight trading days in the green to hit an all-time high of 28,408 points at the close of trading on Friday. more... (ET)

News Clippings

Disposal of securities: CGT rate not to be frozen

The government has no intention to freeze the rate of Capital Gains Tax (CGT) on disposal of securities (Tax Year 2015) at existing 10 per cent in budget (2014-15). Sources told Business Recorder here on Sunday that the Federal Board of Revenue (FBR) would continue with the CGT rates on stock exchanges as applicable under the Income Tax Ordinance 2001. more... (BR)

Uch-II power project may cause financial losses to public sector companies

Hectic efforts are being made to inaugurate the 404MW Uch-II power project despite the fact that the project is set to cause financial losses to public sector companies and unlikely to reduce energy shortage in the country. more... (D)

NAB officials investigating Modaraba scam receiving threats

Some senior officials of the National Accountability Bureau (NAB) have received phone calls threatening them to stay away from investigation into the multi-billion Modaraba (Islamic banking) scam. more... (D)

Islamic financial system: Shariah prohibits discounts, premiums in debt trading

Dominant Shariah opinion prohibits selling debt for a price other than its face value. This prohibition covers both discounts and premiums in the sale and purchase of debt. more... (ET)

Islamic finance good alternative: SBP

The State Bank of Pakistan (SBP) believes that Islamic finance is a better alternative to the conventional banking and is one of the fastest growing segments of the global as well as domestic financial sector. more... (D)

Power initiative: K-Electric to switch to coal, says NEPRA

The National Electric Power Regulatory Authority (Nepra) has allowed K-Electric to switch a few of its fuel-run power plants to coal, marking a major step in Pakistan’s fight against the energy crisis. more... (ET)

PTA to hold electronic auction

Unlike its Bangladeshi counterpart that sold the third-generation (3G) mobile spectrum licences through an open outcry method, the Pakistan Telecommunication Authority has chosen to hold an electronic auction, which sources say is in line with international standards and also likely to discourage collusive bidding. more... (ET)

NAVs and Returns
as of April 04, 2014
Funds Offer Redemption
POGSF
10.4825/-
10.4825/-
YTD Return
6.75%
POAIIF
53.6962/-
53.1592/-
YTD Return
3.98%
POAAAF
55.39/-
54.01/-
YTD Return
6.17%
POIAAF
60.23/-
58.72/-
YTD Return
10.56%
POAF
11.10/-
YTD Return
7.64%

 

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 31, 2014)
$10.07bn
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
(Mar-14)
8.53%
CPI Gen. - FY14
(Jul-Feb 14)
8.65%

Commodities
 
WTI (USD/bbl) 100.85
Gold Spot(USD/oz) 1,302.78
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.