SUNRISE BUSINESS UPDATES Monday 31,december 2012

                                                                                                                                         

 

SUNRISE CAPITAL “BUSINESS NEWS”

National & International

Monday, December 31,2012

 

 Crude down in Asia on fading hopes of US fiscal cliff deal

 SINGAPORE: Crude was down in Asia Monday as traders hopes of a last-minute compromise deal between US politicians (KSE)

 

Bank of Japan will work with new government

TOKYO: The head of Japan's central bank has vowed to work with the nation's new government to tackle deflation, according to an interview published Saturday.   "The Bank of Japan, not just the government, will support efforts to strengthen growth potential," Masaaki Shirakawa told the Nikkei business daily.

(Brecorder)

Dollor down against euro, yen on fiscal cliff fears     SINGAPORE: The dollar weakened against the euro in Asia Monday with traders fleeing the US currency as hopes       faded (KSE)

 

Qatari growth slows as energy sector sluggish

                                         

DUBAI: Qatar's economic growth slowed in the third quarter of the year but was supported by strong expansion of non-oil sectors, data released by the statistics authority showed on Sunday.   Gross domestic product in the July-September period, adjusted for inflation, rose 3.9 percent from a year earlier and grew 1.7 percent from the previous quarter

(Brecorder)

 

 

Saudi Arabia sets record budget for 2013

 

RIYADH/DUBAI: Saudi Arabia has set a record state budget for next year as high oil prices allow heavy spending on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab world

(Brecorder)

 

Symbol	Price		Change		Volume
BOP		10.70		1.00	8,472,500
BYCO		14.55		0.63	5,569,500
NIB		2.68		0.16	3,199,500
PIAA		4.65		0.22	2,447,000
MLCF		14.95		0.41	1,993,500

 (Brecorder)

Thanks & Regards
Research & Marketing Department
Sunrise Capital (Pvt.) Ltd
www.sunrisecapital.com.pk | 111-786-772 | research@sunrisecapital.com.pk
faebook.com/sunrisecapitalkse | twitter.com/sunrisecapital1 | pk.linkedin.com/sunrisecapitalkse | sunrisecapital.blogspot.com

 

 

Research & Marketing

                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                           

SUNRISE CAPITAL “BUSINESS NEWS”
National & International
Friday, December 21,2012

KSE hits 16,900 mark as TRG, Byco shine

Karachi Stock Exchange( KSE) achieved hat-trick of hitting fresh historic all-time highs on Thursday as the main index ended above the never-seen 16,900 levels with market participation improving considerably after investors took keen interest in the TRG Pakistan and Byco Petroleum. The benchmark KSE 100-Index gained 0.23 percent or 38.19 points to close at 16,908.02 levels on Thursday as against close of 16, 869.83 levels reported on Wednesday as both the TRG Pakistan and Byco Petroleum finished the day at their upper circuit-breakers. The KSE 100-Index completed the hat-trick of striking an all- time high, a feat very rare in the global stock markets, as it hit 16,858.68 levels on Monday, 16,869.83 levels on Wednesday, and 16, 908.02 levels on Thursday.

Consultants for 3G/4G in violation of PPRA: NAB

The National Accountability Bureau (NAB) decreed the process for hiring of 3G and 4G consultants a violation of Public Procurement Regulatory Authority (PPRA) rules. The Bureau advised Pakistan Telecommunication Authority (PTA) to ensure compliance with PPRA Rules and summoned a report on December 26. NAB Chairman in a letter to Secretary Ministry of Information Technology (MoIT) summoned the secretary to give detailed presentations on tax evasion, SMS GST evasion, Universal Services Fund (USF) and E-Governance and Auction of Broadband frequency.

Pakistan Stocks Best as Violence Ignored: Riskless Return

Pakistan is handing equity investors the world’s best risk-adjusted returns as terrorist attacks, power blackouts and a war with Taliban insurgents fail to curb gains in consumer spending that sent profits to a record high. The KSE 100 Index, the benchmark for Pakistan’s $43 billion equity market, rose 8.3 percent in the past three years when adjusted for price swings, the top gain among 72 markets worldwide.

Crude prices up in Asia on US inventory forecasts

SINGAPORE: Oil prices rose in thin Asian trade Wednesday, supported by a forecasted fall in US crude supplies, analysts said, while US lawmakers appear to be making progress in fiscal cliff talks.New York s main contract, light sweet crude for delivery in January rose one cent to $87.94 a barrel and Brent North Sea crude for February delivery advanced a cent to $108.85.Traders were heartened by data released by the American Petroleum Institute (API) late Tuesday showing a sharper-than-expected fall in US stockpiles, said Nick Trevethan, senior commodities strategist at ANZ Research.'API crude stocks dropped over four million barrels, which should support oil prices,' he told. The fall was far steeper than the 1.7 million to 2.3 million barrel drawdown projected by various analysts.

Bank Islami Seeks 50% Profit Jump in 2013 after Doubling Branches

Bank Islami Pakistan Ltd. (BIPL), the nation’s second-biggest Islamic bank, is targeting a 50 percent profit increase next year as it doubles its branches to meet demand for Shariah-compliant services. Bank Islami will expand its network of outlets to about 200 in as many as 90 locations by the end of 2013, Chief Executive Officer Hasan Aziz Bilgrami said in an interview. The lender as of December last year operated 102 branches in 49 cities.

ISE-10 stays bullish

 Islamabad Stock Exchange (ISE-10) here on Thursday witnessed bullish trend as the index was up by 7.01 points to close at 3258.55 as compared to the previous day's trading.   The major punters were seen in the intra-day trading leading the market to the positive trend, said the Stock Analyst, Ibrahim while talking to APP.

SBP helps propel rupee

The State Bank of Pakistan’s efforts aimed at arresting the slide of Pak rupee bore fruit on Wednesday when Pak rupee showed some recovery against the US dollar as the parity remained range-bound between Rs97.75 and 97.80 to a dollar.   The rupee also gained strength on the kerb where it was available at Rs98.60 for purchase and at Rs98.80 for sale to a dollar as it improved its parity on the inter-bank market.

TOP TRADES:

Symbol	Price	Change	Volume
TRG	5.03	1.00	35,260,500
BYCO	12.34	1.00	21,014,500
MLCF	15.29	0.43	14,604,000
LOTPTA	7.54	0.18	9,454,500
FCCL	6.44	0.03	4,377,500

Foreign Exchange Rates

US Dollar (USD)                     97.45
UK Pound Sterling (GBP)   158.31
Canadian Dollar (CAD)         98.47
Euro (EUR)                            128.61
Saudi Riyal (SAR)                  25.98
U.A.E Dirham (AED)             26.53
Australian Dollar (AUD)      101.85

Thanks & Regards

Research & Marketing Department

Sunrise Capital (Pvt.) Ltd

www.sunrisecapital.com.pk | 111-786-772 | research@sunrisecapital.com.pk

faebook.com/sunrisecapitalkse | twitter.com/sunrisecapital1 | pk.linkedin.com/sunrisecapitalkse | sunrisecapital.blogspot.com



  

Karachi Stock Exchange – An Overview

A stock exchange considers as the mirror of economy and one of the major indicator of any country’s economical growth. The economy of Pakistan is struggling with many challenges from several years including Law & Order situation mainly because of the war against terrorism but on the same time we see a record growth in Stock Markets of Pakistan which not only shows but proves the potential of national economy.  One can consider that if the index of Karachi Stock Exchange can hit an ever record high 16,900 point in the current scenario so what this market can do in an ideal situation of peace and consistent policies. 

If we see the trends so we find aggressive progress in different sectors like Cement, Textile, Foods, Chemical, Bank, Oil & Energy and Pharmaceuticals. The current index is at 16, 800 plus and up coming Monetary Policy can give the market more strength if rate of interest cuts down up to 100 basis points. This will directly make an impact on Cement and Textile Industry and their share values will boost in no time.  Allocation of dedicated Gas for fertilizer sector has made a positive impact and fertilizer companies are enjoying this. 

 

Due to end of year market can come under pressure of Profit Taking but it will be correction only which is expected not any crash. The investor’s behavior in that scenario should be positive and calm, rely on yours fund manager and let him handle with this confidently.

Future forecast for Karachi Stock Exchange is very positive and bright, as 2013 is election year so the Government of Pakistan is trying to do all in favor of business community.  The Business community is as well looking positive for next year’s prospects.  

 

 

Introduction of Sunrise Capital Private Limited

Welcome to your Brokerage House. We at Sunrise Capital provide access to professional investing for a wide range of clients including financial institutions, corporate, Asset managers and individuals. Our ambition is to guide and benefit our clients in defining, interpreting and executing their decisions in order to capitalize on market opportunities. We foster a strong relationship with our clients based trust, flexibility and efficiency in meeting all their changing demands.

        Sunrise Capital Private Limited is a privately owned independent company established recently in July           2009 to provide professional intelligence and financial advice from its head office in Karachi..

At the core, Sunrise Capital is a team of highly accomplished financial professionals with a range of skills and qualifications which enable us to advise confidently and competently on most aspects of portfolio management and associated financial planning issues including specialist areas.