October7,2013

NEWS&VIEWS

3Oct13 4Oct13 %Chg MARKETROUNDUP

KSE100indexlost66pointsonFridaytocloseat22,086points,with105mnshares
22,152.35 22,085.96 0.30% being traded. Top volumes were witnessed in PAELR, TELE and NCL. Activity was
KSE30Index
16,834.88 16,777.11 0.34% mainly concentrated in Household Goods, Personal Goods (Textile) and Fixed Line
Communication.
SharesTraded(mn)
102
105 3.02%
ValueTradedPKRm
4,931
3,588 27.23% WerecommendinvestorstoSellonStrength.

KSE100Index

ValueTradedUSDm
MarketCap.PKRbn
MarketCap.USDbn
TRADEDATE

34 27.23% NEWSSNAPSHOT
5,240 0.30% Kayani says he's retiring: Chief of Army Staff (COAS) General Ashfaq Parvez Kayani
SundayannouncedthathewouldstepdownonNovember29,2013thedayhisten
49.4 0.30% ureends,endingmonthsofspeculationabouthisfuture.ChiefofArmyStaff,General

47
5,256
49.6

CLIENT
TYPE

BUY
VALUE

SELL
VALUE

NET
VALUE

(2,848)
(1,383)
(107)
(20)
(413)
(25)
(4,796)
(70)

(103)
16
121
30
(258)
18
(176)
176

inPKRm
4Oct13
4Oct13
4Oct13
4Oct13
4Oct13
4Oct13
4Oct13

Individuals 2,745
Companies 1,398
Banks/DFIs 228
NBFC
50
MutualFunds 155
Others
43
LIPI
4,620
FIPI
246

Source:NCCPL,TSLResearch

MARKET LASTWEEK
Index

Vol.(m)

22,500

300

22,200
150
21,900

Fri

Thrus

Wed

Tue

0
Mon

21,600

COMMODITIES

PRICE CHANGE %
(inUSD) (inUSD)

BrentCrude
Cotton
Gold
Silver

109.12
85.97
1,313.40
21.77

Source:Bloomberg

(0.34)
(1.21)
3.60
0.01

0.31%
1.39%
0.27%
0.06%

AshfaqParvezKayaniislikelytobeappointedasPakistanambassadortotheUnited
States,AajNewsreported.(BR)

Cementsalesincrease:Duringthefirstquarterofthecurrentfiscalyear,thecement
industryhaspostedagrowthof2.17percentinlocalsales,comparedwithsalesdur
ingthefirstquarterofthelastfiscalyear.(TN)

Nepra to determine new power rates: Succumbing to the countrywide protests

against the multifold increase in electricity tariff, the government has decided to
makewhatisbeingdescribedasastrategicretreat.(ET)

Additional2pcGSTatfactorylevel:TheFederalBoardofRevenue(FBR)imposedon
Friday twoper cent additional sales tax at the level of the manufacturer on several
items,tobeworkedoutonthebasisofactualvalueaddition.AtaxexperttoldDawn
that now the tax would be levied at the factory price instead of retail price which
wouldprovideenoughroomforunderstatementoftheactualpriceofproducts.(TD)

TwopercentextraSTimposedonimportofitems:Thetwopercentextrasalestax
has also become applicable on the import of items, which were recently excluded
fromThirdScheduleoftheSalesTaxActunderSRO896(I)/2013.(BR)

Purchasing apartments in Dubai; FBR's bid to collect buyers' information: FBRhas

madeanattempttocollectparticularsofPakistanis,whohaveshowninterestinbuy
ingpropertiesand luxuriousapartments inDubai, as recently seminarswere organ
isedinKarachiandLahorebyinternationalmarketingcompaniestolurethelocalin
vestors.(BR)

World Bank to give $2.2 billion for 15 projects: The government has reportedly
claimed that the World Bank will provide $2.205 billion for 15 projects in the pipe
line.(BR)

MOLPakistansatisfiedwithgovtpolicy:MOLGrouphasexpressedsatisfactionover
thePetroleumPolicy2012andhopedthatitwillbringmoreinvestmentintheE&P
sectorofthecountry.MOLGroupstayscommittedtoPakistansoilandgasexplora
tionandproductionsectorandcontinuestoinvestinthecountry,asitskeystrategic
areaofupstreambusinessdevelopment,AlexandarDodds,vicepresidentofexplora
tion&production,MOLGroupsaid.(TN)

Continuedonpage2

DISCLAIMER:Theaboveinformationandadviceisgiveningoodfaith,withoutanylegalresponsibility.TaurusSecuritiesLimitedorindividualsconnected
withitmayhaveusedresearchmaterialbeforepublicationandmayhavepositionsinormaybeinterestedinthesecuritiesmentionedherein.

TAURUSSECURITIESLIMITEDNEWS&VIEWS

WORLDINDICES
MarketsatClose
DJIA
Nasdaq
S&P
FTSE
DAX
CAC40
Nikkei
H.Seng

Oct4,2013 Govtshouldprivatisepowerdistributioncompanies:Renownedleadingindustrial
Index
15,072.58
3,807.75
1,690.50
6,453.88
8,622.97
4,164.25
13,886.39
22,969.38

Chg
0.51
0.89
0.71
0.08
0.29
0.88
(0.98)
(0.73)

istMianManshasaidthatthegovernmentshouldderegulatetheenergysector,cut
itssizeshortandprivatisethepowerdistributioncompaniescompletelyforthecoun
tryssurvival.(TN)

StateBankofPakistanCorrigendum:StateBankofPakistanGovernorYaseenAnwar
has said no one can quantify precisely the amount of dollars smuggled out of the
country on daily basis. In a press statement, he said the smuggled amount is esti
matedtobeupto$25millionbutnoonecanquantifyitpreciselyonanygivenday.
(TN)

FFCacquiresAlHamdFood:Inalandmarkeconomicdevelopment,FFCPakistanac
quiredAlHamdFoodsLtd.Stakeholdersandinvestorskeenlyobservedthesigningof
acquisition documents by company secretary FFC in a graceful ceremony. The cere
monywasattendedbyChaudhryKhursheedCEOAlHamdFood,LtGenNaeemKhalid
Lodhi(Retd)CE&ManagingDirectorFFC,MrRashidKhanandotherkeyofficials.(TN)

FBR raises GST rate to 19% on over 40 items: TheFederalBoardofRevenue(FBR)

Fridayraisedgeneralsalestax(GST)onmorethan40itemsbytwopercentagepoints
to19percent,mediareported.Accordingtomediareports,therevenuebodyissued
anotificationtoincreaseGSTrateonvarioushouseholditemsincludingaircondition
ers,fans,bulbs,gasappliances,geysers,heaters,refrigerators,televisions,telephones
etc. GST rate on some edible items including biscuits, chocolates, toffees has also
beenraised.ItispertinenttomentionherethatFBRalsonotifiedadecreaseinGST
rateby2.0percentagepointsonsomeitemsincludingreadymadegarments.(DT)

Tractor industry in serious crisis : The countrys indigenous tractor industryhas al

most closed, as one of the major manufacturers AlGhazi Tractors has stopped its
productionforthelastthreemonthswhileMillatTractorsLtdispresentlyoperating
at20percentofitstotalproductioncapacity.Thishasrenderedsome300plustier1
suppliers and thousands of workers who work in these factories and down stream
industriesjobless.(DT)

Govtsdecisiontowithdrawpowertariffhikelauded:IslamabadChamberofCom
merceandIndustry(ICCI)laudedthegovernmentsdecisiontowithdrawitsnotifica
tionformakinganincreaseof40201percentinpowertarifffordomesticelectricity
consumersandtermeditapositivemovetosavethegeneralpublicfromunbearable
burden.(DT)

Weeklyinflationhits9percent:Weeklyinflationreachedasevenweekhighof9.15
percentfortheweekendingonSeptember3comparedwiththepreviousweek.The
sensitivepriceindex(SPI)fortheweekunderreviewrevealedanincreaseinpricesof
18dailyuseitems,adeclineinninewhile26itemsremainedunchanged.(TN)

ILO standards will be met: ThegovernmentofPakistanhasshownitsintentionto

join the Better Work Programme (BWP) to avert the cancellation of huge orders of
textileproductsbyforeigncompaniesandtothiseffectthesecretaryTextileDivision
RukhsanaShahhaswrittenalettertotheInternationalLabourOrganization.(TN)

DISCLAIMER:Theaboveinformationandadviceisgiveningoodfaith,withoutanylegalresponsibility.TaurusSecuritiesLimitedorindividualsconnected
withitmayhaveusedresearchmaterialbeforepublicationandmayhavepositionsinormaybeinterestedinthesecuritiesmentionedherein.