BasedLine

Date:30-Apr-2014
KSE-100 Index
 
Previous Index 28,695.00
Current Index 28,436.59
Change % -0.89
YTD (CY14)% 12.57
YTD (FY14)% 35.38
Volume (mn) 130.52
Capitilization (USDbn) 17.27
FIPI (USDmn)(Daily) 1.68
FIPI (USDmn) (YTD) 113.85

 

KSE-100 Index
Previous Index 45,874.50
Current Index 45,408.84
Change % -0.80
YTD (CY14)% 7.02
YTD (FY14)% 23.68
Volume (mn) 67.41
Capitilization (USDbn) 8.63

International Indicators
 
Close
%age
BSE-30 22,466.19 -0.73
HANGSENG 22,453.89 1.45
NIKKEI 225 14,288.23 -0.98
FTSE 6,769.91 1.04
DJIA 16,535.37 0.28
SSEC 2,020.34 0.85
NASDAQ 4,103.54 0.72

 
Close
%age
TASI 9,562.93 -0.13
KSE(Kuwait) 7,409.36 -0.16
BSE 1,425.62 0.03
MSM 6,742.08 -0.10
ADX 5,071.61 -0.37
DFM 5,084.97 0.21
QSE 12,626.95 -0.55

KIBOR
 
%age
3 Months 10.16
6 Months 10.17
12 Months 10.45

T-Bills
%age
3 Months 9.96
6 Months 9.98
12 Months 9.99

Bonds
 
%age
3-Y PIB 11.74
5-Y PIB 12.29
10-Y PIB 12.70
20-Y PIB 13.00
30-Y PIB 13.11
Capital Market Overview

Market watch: Index continues downward move

The index witnessed bearish activity amid institutional profit-taking following below expected earnings announcements in oil and fertiliser sectors. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.89% or 255.03 points to end at 28,436.59. more... (ET)

News Clippings

Budget 2014-15: Govt increases proposed development allocation

The federal government has increased the proposed allocation for next year’s development budget to Rs525 billion amid competing demands from ministries that are seeking 50% more funds to keep the pace of work against ongoing schemes than what has been indicated to them. more... (ET)

Economic reforms: World Bank impressed by government performance

Lauding the leadership of Prime Minister Nawaz Sharif in undertaking reforms that are necessary to lead Pakistan on a stable path to recovery, the World Bank has affirmed its commitment to helping the PML-N government in implementing its programme on economic reforms. more... (BR)

Fiscal Year 2015 Budget: discussions with IMF may begin from today

Pakistani and the International Monetary Fund (IMF) are expected to commence discussions on next fiscal year's budget from today (Tuesday) during the third review of Pakistan economic performance under the Extended Fund Facility (EFF). more... (BR)

Government borrowing: Domestic debt reaches a staggering Rs10.8t

After increasing by a whopping 22.9% in just one year, domestic debt of the central government reached Rs10.8 trillion at the end of March, data released by the State Bank of Pakistan (SBP) shows. more... (ET)

Gas import: China abandons IP project, eyes TAPI pipeline

In a strategic move, China has shelved a plan to be part of the Iran-Pakistan (IP) gas pipeline that faces the threat of US sanctions and has come up with an offer to join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline to meet its growing energy needs. more... (ET)

Meezan gears up for HSBC acquisition

Meezan Bank Limited has approved the general guidelines for the conversion of a conventional bank’s operations into shariah-compliant operations as it prepares to acquire the business operations of HSBC Pakistan, confirmed the bank’s officials on Tuesday. more... (N)

Foreign investors concerned over FBR corruption

Foreign investors have expressed concerns over rampant corruption in the Federal Board of Revenue (FBR) and said that several finance ministers in the past had admitted this but no strong action could be taken by the law-enforcement agencies against unscrupulous persons during the last 10 years. more... (N)

NAVs and Returns
as of April 29, 2014
Funds Offer Redemption
POGSF
10.5218/-
10.5218/-
YTD Return
6.66%
POAIIF
53.8861/-
53.3472/-
YTD Return
4.09%
POAAAF
54.40/-
53.04/-
YTD Return
4.27%
POIAAF
60.16/-
58.66/-
YTD Return
10.45%
POAF
11.06/-
YTD Return
6.56%

 

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 18, 2014)
$11.75bn
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) 100.50
Gold Spot(USD/oz) 1,293.82
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.