BasedLine

Date:10-June-2014
KSE-100 Index
 
Previous Index 29,509.11
Current Index 29,472.52
Change % -0.12
YTD (CY14)% 16.67
YTD (FY14)% 40.31
Volume (mn) 90.11
Capitilization (USDbn) 17.63
FIPI (USDmn)(Daily) 3.28
FIPI (USDmn) (YTD) 219.30

 

KSE-100 Index
Previous Index 47,211.90
Current Index 47,194.67
Change % -0.04
YTD (CY14)% 11.23
YTD (FY14)% 28.55
Volume (mn) 44.19
Capitilization (USDbn) 8.92

International Indicators
 
Close
%age
BSE-30 25,580.21 0.72
HANGSENG 23,117.47 0.73
NIKKEI 225 15,124.00 0.31
FTSE 6,875.00 0.24
DJIA 16,943.10 0.11
SSEC 2,024.83 -0.66
NASDAQ 4,336.24 0.34

 
Close
%age
TASI 9,892.12 0.39
KSE(Kuwait) 7,252.58 0.27
BSE 1,450.91 -0.19
MSM 6,933.22 -0.18
ADX 4,948.10 -1.00
DFM 4,771.10 -4.06
QSE 12,969.65 -1.37

KIBOR
 
%age
3 Months 10.18
6 Months 10.17
12 Months 10.46

T-Bills
%age
3 Months 9.95
6 Months 10.00
12 Months 10.04

Bonds
 
%age
3-Y PIB 12.25
5-Y PIB 12.62
10-Y PIB 13.00
20-Y PIB 13.17
30-Y PIB 13.25
Capital Market Overview

Market watch: Unfettered index ends slightly in the red

Political stability following Muttahida Qaumi Movement (MQM) chief Altaf Hussain’s release overshadowed the attack on Karachi airport as index avoided any large dips. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.12% or 36.59 points to end at 29,472.52. more... (ET)

News Clippings

Govt plans to increase GDP rate to 16pc: BoI chairman

Special Assistant to the Prime Minister and Chairman of the Board of Investment (BoI) Dr Miftah Ismail said the government plans to increase gross domestic product (GDP) growth rate to 16 percent, eliminate unemployment and raise the income of the common man by 2016. more... (BR)

Turkish businessmen keen for joint ventures

Turkish businessmen are ready to initiate joint ventures with their Pakistani counterparts, as they are convinced that ample opportunities lie in a number of sectors, including construction and energy, a statement said on Monday. more... (N)

Pama appreciates cut in sales tax

Pakistan Automotive Manufacturers Association (Pama) on Monday appreciated the finance minister’s decision to reduce the sales tax on tractors to 10 percent and abolish the federal excise duty on vehicles above 1800cc, a statement said. more... (N)

Power supply: Govt refuses to bear cost of leakages, low recoveries

Amid increasing criticism of a plan to recover circular debt from electricity consumers, the federal government on Monday refused to allocate about Rs300 billion in the budget to pay off the debt on account of leakages and reduced recovery of bills. more... (ET)

India vows to simplify business visa

The new Indian government will make efforts to promote regional cooperation, particularly trade with Pakistan, by offering more facilities, simplifying business visa process and removing trade-related hurdles on a priority basis, says a top diplomat. more... (ET)

Agriculture income tax: Provinces not ready to authorise FBR: Dar

Provinces are not ready to authorise federal government to impose tax on agriculture income, said Finance Minister Ishaq Dar on Monday. more... (BR)

Last 12 months: Pakistan records biggest positive sentiment, says Journal

Pakistan has recorded the biggest positive sentiment change among all frontier markets in the last 12 months, according to the Wall Street Journal. more... (DT)

NAVs and Returns
as of June 09, 2014
Funds Offer Redemption
POGSF
10.6049/-
10.6049/-
YTD Return
6.74%
POAIIF
54.1591/-
53.6175/-
YTD Return
4.16%
POAAAF
55.02/-
53.64/-
YTD Return
5.45%
POIAAF
61.04/-
59.51/-
YTD Return
12.05%
POAF
11.19/-
YTD Return
7.00%

 

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)
$13.43bn
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)
8.34%
CPI Gen. - FY14
(Jul-Apr 14)
8.66%

Commodities
 
WTI (USD/bbl) 104.70
Gold Spot(USD/oz) 1,254.38
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.