BasedLine

Date:24-Apr-2014
KSE-100 Index
 
Previous Index 29,191.84
Current Index 28,717.19
Change % -1.63
YTD (CY14)% 13.68
YTD (FY14)% 36.71
Volume (mn) 190.62
Capitilization (USDbn) 17.19
FIPI (USDmn)(Daily) 8.45
FIPI (USDmn) (YTD) 105.22

 

KSE-100 Index
Previous Index 46,357.46
Current Index 45,741.53
Change % -1.33
YTD (CY14)% 7.80
YTD (FY14)% 24.59
Volume (mn) 96.60
Capitilization (USDbn) 8.60

International Indicators
 
Close
%age
BSE-30 22,876.54 0.52
HANGSENG 22,509.64 -2.15
NIKKEI 225 14,546.27 1.09
FTSE 6,674.74 -0.11
DJIA 16,501.65 -0.08
SSEC 2,067.38 -0.26
NASDAQ 4,126.97 -0.83

 
Close
%age
TASI 9,546.27 -0.63
KSE(Kuwait) 7,453.61 -0.41
BSE 1,398.69 0.11
MSM 6,781.22 -0.49
ADX 5,211.89 0.43
DFM 5,134.95 2.31
QSE 12,961.56 0.17

KIBOR
 
%age
3 Months 10.18
6 Months 10.18
12 Months 10.46

T-Bills
%age
3 Months 10.01
6 Months 10.01
12 Months 10.00

Bonds
 
%age
3-Y PIB 12.00
5-Y PIB 12.50
10-Y PIB 12.83
20-Y PIB 13.12
30-Y PIB 13.22
Capital Market Overview

Market watch: Dramatic day at the bourse as index slips below 29,000

The stock market witnessed a volatile day as the index fell substantially under the pretence of the sale of the state fund. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.63% or 474.65 points to end at 28,717.19 point level. more... (ET)

News Clippings

Long-delayed 3G, 4G auction: amount fetched much below Dar's bullish prediction

Pakistan on Wednesday concluded the long-delayed auction for 3G/4G spectrum, fetching a non-tax revenue of over $1.11 billion with all the four qualified bidders winning 3G licenses. One of them emerged as the winner of 4G license as well. The government raised $903 million from 3G spectrum auction and $210 million from the 4G spectrum. more... (BR)

Islamic bonds soon: Dar

Finance Minister Ishaq Dar expressed hope on Wednesday that the government will seriously consider the issuance of Islamic bonds soon. more... (N)

Call for joint ventures with Turkey

The Pakistan Industrial and Traders Associations Front (PIAF) on Wednesday urged the business community to initiate joint ventures with their Turkish counterparts. PIAF chairman Malik Tahir Javaid said that that during his recent visit to Turkey, he found Turkish businessmen keen to do business in Pakistan. more... (N)

Long-term plans: Pakistan yearns for direct oil supply from Saudi refineries

Pakistan has requested Saudi Arabia to help strike a direct oil supply deal between state-run oil marketing firm Pakistan State Oil (PSO) and refineries in the Gulf monarch, in an effort to save millions of dollars due to exemption from premium in such contracts. more... (ET)

Sharif likely to visit Iran next month

Prime Minister Nawaz Sharif is likely to visit Iran next month on a two-day visit for a reset in relationship with its western neighbour. The trip scheduled to begin on May 11 has not been officially announced as yet. more... (D)

Over 1,000 items identified for preferential trade with India

The Pakistan Business Council (PBC) has identified 1,177 items for which Pakistan and India could seek preferential treatment for each other. more... (N)

SBP asked to allow traders to open accounts in RMB

The new bilateral swap agreement (BSA) between People’s Bank of China (PBC) and the State Bank of Pakistan (SBP) would reflect strengthening trade and investment relations between the two countries. more... (DT)

NAVs and Returns
as of April 23, 2014
Funds Offer Redemption
POGSF
10.5123/-
10.5123/-
YTD Return
6.68%
POAIIF
53.8432/-
53.3048/-
YTD Return
4.07%
POAAAF
55.30/-
53.92/-
YTD Return
6.00%
POIAAF
60.30/-
58.79/-
YTD Return
10.69%
POAF
11.07/-
YTD Return
6.80%

 

Funds Rating
AMC
AM3-
POAIIF
AA-(f)
POAF
A+ (f)
POAAAF
2 Star
POIAAF
4 Star
POGSF
AA(f)

  Mar-14 Feb-14
MoM (%)
AUM's (PKR bn) 423.74 404.35 4.80
No of AMCs 23 23 0.00
No of Funds 198 197 0.51

Economic Highlights
 
GDP Growth FY13 3.60%
Per Capita Income $1,380
Reserves
(April 11, 2014)
$9.84bn
Trade Deficit
(Jul-Mar 14)
$(13.93)bn
Curr. A/C
(Jul-Mar 14)
$(2.17)bn
Remittances
(Jul-Mar 14)
$11.6bn
FDI (Jul-Mar 14) $669.8mn
CPI Gen. - YoY
(Mar-14)
8.53%
CPI Gen. - FY14
(Jul-Mar 14)
8.65%

Commodities
 
WTI (USD/bbl) 101.64
Gold Spot(USD/oz) 1,287.06
Cement (Rs./Bag) 517.47
Coal Spot(USD/ton) 72.75
Urea Fertilizer (Rs/bag) 1,836.92
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 6,500.00

 

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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.