BasedLine

Date:09-Apr-2014
KSE-100 Index
 
Previous Index 28,578.96
Current Index 28,653.37
Change % 0.26
YTD (CY14)% 13.43
YTD (FY14)% 36.41
Volume (mn) 237.45
Capitilization (USDbn) 17.20
FIPI (USDmn)(Daily) 6.61
FIPI (USDmn) (YTD) 65.56

 

KSE-100 Index
Previous Index 46,529.81
Current Index 46,552.59
Change % 0.05
YTD (CY14)% 9.71
YTD (FY14)% 26.80
Volume (mn) 97.62
Capitilization (USDbn) 8.79

International Indicators
 
Close
%age
BSE-30 22,343.45 -0.07
HANGSENG 22,596.97 0.98
NIKKEI 225 14,606.88 -1.36
FTSE 6,590.69 -0.49
DJIA 16,256.14 0.06
SSEC 2,098.28 7.92
NASDAQ 4,112.99 0.81

 
Close
%age
TASI 9,565.28 0.61
KSE(Kuwait) 7,544.80 -0.73
BSE 1,384.48 0.65
MSM 6,808.23 0.70
ADX 5,006.86 -0.11
DFM 4,743.40 1.92
QSE 12,189.69 -0.22

KIBOR
 
%age
3 Months 10.19
6 Months 10.17
12 Months 10.47

T-Bills
%age
3 Months 9.98
6 Months 9.99
12 Months 10.00

Bonds
 
%age
3-Y PIB 12.03
5-Y PIB 12.51
10-Y PIB 12.87
20-Y PIB 13.11
30-Y PIB 13.20
Capital Market Overview

Market watch: Volatile index settles in black

Amid high volumes, the index managed to stay in the black. At the end of the day, the Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.26% or 74.41 points to end at 28,653.37. more... (ET)

News Clippings

IMF concerned at low tax-to-GDP ratio

The International Monetary Fund (IMF) has stated that Pakistani authorities must raise tax-to-GDP ratio significantly to allow for needed social and investment expenditures while lowering the deficit. more... (BR)

March revenue posts six percent lower growth YoY

Revenue collection rose by 17 percent in March 2014 compared to the corresponding period last year, however this rise pales in comparison to the 22 percent rise in collections in March 2013 compared to the corresponding period of a year before, well-informed sources told Business Recorder, here on Tuesday. more... (BR)

Eurobonds roadshows evince overwhelming response

Pakistan's roadshows for the issuance of Eurobonds worth $500 million have received an overwhelming response in the international markets. A Finance Ministry spokesman, quoting Finance Minister Ishaq Dar, told APP on Tuesday that the process for the issuance of Eurobonds would be completed in next 24 hours. more... (BR)

DG Khan Cement expansion may spark price war

Players in the cement sector are keeping a close eye on Lucky Cement as the largest cement manufacturer in the country is likely to leave the cement cartel – the All Pakistan Cement Manufacturers Association (APCMA) – if DG Khan Cement goes ahead with its plans to construct a 2.5 million ton plant in the south of the country. more... (N)

Swiss envoy visits LCCI

The Swiss ambassador to Pakistan, Christoph Bubb, said on Tuesday that a number of Swiss business delegations are planning to visit Pakistan soon because of the country’s investment potential in a number of sectors of the economy. more... (N)

Statement: Finance minister assures economic growth

Finance Minister Ishaq Dar has said that the government will spend $34 billion in the next four years in various sectors of the economy, particularly for the expansion of motorways, power transmission lines and development of energy sector. more... (ET)

Market share of global renewable energy climbs

The share of renewable energy in the global electricity generation continued its steady climb last year despite a 14 percent drop in investment to $214.4 billion, according to a report released on Tuesday. more... (N)

NAVs and Returns
as of April 08, 2014
Funds Offer Redemption
POGSF
10.4895/-
10.4895/-
YTD Return
6.74%
POAIIF
53.7292/-
53.1919/-
YTD Return
4.01%
POAAAF
55.37/-
53.99/-
YTD Return
6.13%
POIAAF
60.11/-
58.61/-
YTD Return
10.36%
POAF
11.11/-
YTD Return
7.63%

 

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) 102.34
Gold Spot(USD/oz) 1,312.49
Cement (Rs./Bag) 517.82
Coal Spot(USD/ton) 73.05
Urea Fertilizer (Rs/bag) 1,838.46
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.