BasedLine

Date:19-May-2014
KSE-100 Index
 
Previous Index 28,843.02
Current Index 28,883.33
Change % 0.14
YTD (CY14)% 14.34
YTD (FY14)% 37.50
Volume (mn) 94.69
Capitilization (USDbn) 17.30
FIPI (USDmn)(Daily) 3.19
FIPI (USDmn) (YTD) 148.55

 

KSE-100 Index
Previous Index 46.032.62
Current Index 45,920.10
Change % -0.24
YTD (CY14)% 8.22
YTD (FY14)% 25.08
Volume (mn) 58.79
Capitilization (USDbn) 8.42

International Indicators
 
Close
%age
BSE-30 24,121.74 0.90
HANGSENG 22,712.91 -0.08
NIKKEI 225 14,096.59 -1.41
FTSE 6,855.81 0.22
DJIA 16,491.31 0.27
SSEC 2,026.50 0.08
NASDAQ 4,090.59 0.52

 
Close
%age
TASI 9,809.81 0.02
KSE(Kuwait) 7,404.89 0.02
BSE 1,463.22 -0.03
MSM 6,744.92 0.15
ADX 4,986.09 -0.70
DFM 5,135.95 -0.87
QSE 13,020.72 -0.64

KIBOR
 
%age
3 Months 10.13
6 Months 10.14
12 Months 10.44

T-Bills
%age
3 Months 9.90
6 Months 9.88
12 Months 9.89

Bonds
 
%age
3-Y PIB 11.72
5-Y PIB 12.28
10-Y PIB 12.74
20-Y PIB 13.02
30-Y PIB 13.11
Capital Market Overview


Weekly review: KSE-100 gains 389 points on MSCI upgrade

The stock market bounced back with the KSE-100 index climbing 389 points (1.4%) following the MSCI increasing the country’s weight in its Frontier Markets index from 3.88% to 7.02%, during the week ended May 16. more... (ET)

News Clippings

Policymaking: budget must reflect government vision: Dar

Finance Minister Senator Ishaq Dar chaired a meeting to review the ongoing budget process at the FBR headquarters here on Sunday. The Finance Minister was briefed by the FBR Chairman on broad outlines of the measures being considered for inclusion in the proposals, with a view to broadening the tax base and encouraging documentation of economy. more... (BR)

Pakistan and Afghanistan mull trade expansion

Pakistan and Afghanistan on Sunday underscored the need for taking practical measures to enhance the bilateral trade from $2.4 billion to $5 billion in the years ahead. more... (BR)

In line with expectations: SBP keeps monetary policy rate unchanged

In line with market expectations, the State Bank of Pakistan (SBP) on Saturday kept the monetary policy rate unchanged at 10% for the next two months. more... (ET)

ECC huddle: Govt to borrow Rs31b to pay some circular debt

As circular debt keeps on increasing due to unsatisfactory recoveries and persistently higher line losses, the federal government decided on Friday to retire Rs31 billion of circular debt with borrowing from commercial banks to keep power plants running during summer. more... (ET)

New taxes of Rs255bn in FY14-15 budget likely

The Pakistan Muslim League-N government is all set to introduce a number of revenue-generation measures in the budget for financial year 2014-15, including new taxes that are expected to yield an estimated Rs255 billion. more... (D)

Tax-to-GDP ratio down

The budget strategy paper for 2014-17 presented to the federal cabinet by Finance Minister Ishaq Dar sets ambitious targets for reduction of debt build-up and fiscal deficit, but concedes that the tax-to-GDP ratio has declined during the current year despite an increase in tax rates. more... (D)

Collaboration: Buksh Foundation joins hands with IDC

Buksh Foundation – a not-for-profit microfinance institute – has become a member of the Italian Development Committee (IDC), a body working to promote bilateral trade and investment between Italy and Pakistan. more... (ET)

NAVs and Returns
as of May 16, 2014
Funds Offer Redemption
POGSF
10.5483/-
10.5483/-
YTD Return
6.61%
POAIIF
54.0056/-
53.4655/-
YTD Return
4.13%
POAAAF
54.87/-
53.50/-
YTD Return
5.15%
POIAAF
60.55/-
59.04/-
YTD Return
11.13%
POAF
11.13/-
YTD Return
6.94%

 

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
(May 09, 2014)
$12.88bn
Trade Deficit
(Jul-Mar 14)
$(13.93)bn
Curr. A/C
(Jul-Mar 14)
$(2.17)bn
Remittances
(Jul-Apr 14)
$12.9bn
FDI (Jul-Apr 14) $750.9mn
CPI Gen. - YoY
(Apr-14)
9.18%
CPI Gen. - FY14
(Jul-Apr 14)
8.69%

Commodities
 
WTI (USD/bbl) 102.19
Gold Spot(USD/oz) 1,295.35
Cement (Rs./Bag) 518.94
Coal Spot(USD/ton) 72.85
Urea Fertilizer (Rs/bag) 1,830.08
DAP (Rs./bag) 1,888.87
KCA Cotton (Rs/mound) 6,700.00

 

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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.