Sector Updates

Mutual Funds Review  (Dec 2008)

Fund performance is interplay between management strategy and market dynamics. Our capital markets have been characterized by significant volatility. Even though year-on-year index returns depict upward rally, with 66% return for 2003, 39% for 2004, 54% for 2005, 5% for 2006 and finally 40% in 2007, a breakdown into monthly returns shows that the index did not follow a straight upward trajectory. The average monthly returns graphed below, reflect the volatility over this period. More...

JCR-VIS considers the General Insurance Sector to be under significant stress   (Dec 2008)

Karachi, December 24, 2008: The insurance sector is one of the key pillars of an economy, with growth trends in premium and investment avenues reliant upon GDP growth and state of capital markets. Amidst weakening macroeconomic fundamentals, JCR-VIS Credit Rating Company Ltd. (JCR-VIS) believes that there is significant stress on the general insurance sector, as reflected in performance of both the underwriting and investment management functions. More...

JCR-VIS Credit Rating Company Limited has decided to withhold further ranking updates. Subsequent to year ended June 2008, the period for which last ranking update was made for equity funds, the stock market has experienced significant decline. The KSE-100 index shed over 3,000 points, following which a floor at 9,144 was fixed as of the prices of August 27, 2008.More...