BasedLine
LOGO
August 10, 2009
Statistics
KSE-100 Index
Previous Index
7,822.32
Current Index
7,872.23
Change %
0.64%
YTD (CY09)
36.84%
YTD (FY10)
8.27%

International Indicators
 
Close
Percentage
BSE-30
15,160.24
(2.28)%
HANGSENG
20,375.37
(2.51)%
NIKKEI 255
10,412.09
0.23%
FTSE
4,731.60
0.88%
DJIA
9,370.07
1.23%
SSEC
3,260.69
(2.85)%
NASDAQ
2,000.25
1.37%

S.C.R.A
Aug 07, 2009
5.985
Aug 2009
6.971
YTD
11.878

Money Market Updates
Tbill (6 months)
11.38%
Tbill (12 months)
11.75%
KIBOR (3 months)
12.09%
KIBOR (6 months)
12.10%
PIB (10 years)
11.92%

Exchange Rates
Rs/EURO
116.77
Rs/UK
137.30
Rs/US
82.77
Rs/OMAN RIYAL
213.58
   

Commodities
Oil
$70.85/barrel
Oil Change in %
(0.99)%
Gold
$957.00/ounce
Gold Change in %
(0.70)%

Inflation
CPI Gen. Jun 09 (YOY)
13.10%
CPI Gen. (Jul 08-Jun 09)
20.80%
NFNE Core INFL Jun 09 (YOY)
15.90%
NFNE Core INFL (Jul 08-Jun 09)
17.60%

Economic Indicators
US$ Reserves
11.72bn
GDP Growth FY09E
2.00%
Per Capita Income
$1,046
Population
167.12mn
Trade Deficit (Jul 08-Jun 09)
$(17.04)bn
Curr. A/C (Jul 08-Jun 09)
$(8.86)bn
Remittances (Jul 08-Jun 09)
$7.81bn
Foreign Investment (Jul 08-Jun 09)
$2.67bn
All Scheduled Banks Deposit Base (Aug 01, 09)
Rs.4,153mn

Daily Returns and NAVs
as of Aug 08, 2009
 
Offer
Redemption
POBOP
51.4603/-
50.9457/-
Daily Return
(82.39)%
POAIIF
52.2948/-
51.7719/-
Daily Return
(13.39)%
POAIF
53.91/-
52.56/-
Daily Return
(6.94)%
POASF
54.15/-
52.80/-
Daily Return
(62.11)%
POAF
11.07/-
Daily Return
60.10%
* Daily Returns are calculated as per MUFAP guidelines

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-
Economy

IMF package goes up to $11.3bn
The International Monetary Fund has pledged a back-up loan of $3.2 billion to Pakistan, besides approving a third instalment of $840 million to help the country weather the current economic crisis. more... (D)

FX reserves likely to hit 17-mth high$470mn wiped out in 5 weeks
$470mn wiped out in 5 weeks
Country's foreign exchange reserves, after hitting 15-month high, plunged by $500 million in just five weeks in current fiscal year (FY10). Foreign reserves which reached $12.2 billion level on July 4, 2009 declined to $11.71 billion during the last week ended on August 1, 2009. more... (FD)

Govt delaying IP gas-line on US behest
Project in danger zone, says Dr Asim
Pakistan is under severe US pressure to postpone Pak-Iran gas pipeline project due to which the government is delaying to formally get the project approved by the federal cabinet. more... (FD)

US believes Mehsud dead: James Jones
The United States is nearly certain the Pakistani Taliban's leader is dead and that there now is a leadership struggle within the terrorist group, White House national security adviser James Jones said Sunday. more... (BR)

Rehman challenges Taliban to prove Mehsud still alive
Interior Minister Rehman Malik has challenged the Taliban to prove their leaders are still alive, after receiving reports that two of them have been killed. Rehman Malik told the BBC officials that physical evidence showed that the top commander, Baitullah Mehsud, was killed in a US missile attack on Wednesday. more... (BR)

Sector Briefing

Askari decides not to buy Mybank
Askari Bank has decided not to buy Mybank Limited, sending shockwaves in the market, deepening perception that the banking industry is in distress. more... (D)

Hubco profits likely to increase by 68pc
The after-tax earnings of Hub Power Company Limited (HUBCO) -- country's second largest power producer in the private sector -- are likely to grow by 68.1 per cent to Rs4.37 billion for the fiscal year 2008-09, translating into an earning per share (EPS) of Rs3.78, an analysis conducted by The Financial Daily (TFD) Research reveals. more... (FD)

Sindh gas fields to produce extra 400mmcfd
The country will get more than 400 mmcfd gas from Miano and Sawan gas fields in Sindh with the development of horizontal drilling. more... (D)

Two Nishat power plants to start this year
Nishat Group is expected to start power generation from its two power plants by end of this year well ahead of their scheduled commissioning. more... (D)

Rs. 114 billion PDL collected during 2008-09
To meet the revenue target committed to International Monetary Fund (IMF), the government collected Rs 114 billion on account of petroleum development levy (PDL) dduring financial year 2008-09 Sources in Finance Ministry told Business Recorder that the government netted Rs 41 billion PDL during the last quarter (April-June) of 2008-09. more... (BR)

SECP initiates probe into KESC affairs
The Securities and Exchange Commission of Pakistan (SECP) is said to have initiated probe into the affairs of Karachi Electric Supply Company (KESC), whose top management is under pressure for not fulfilling commitments made with the GoP, sources told Business Recorder. more... (BR)

(BR): Business Recorder, (D): Dawn, (N) The News, (DT) Daily Times, (FD): The Financial Daily
Research Team:
Shoaib Ali Khan
Department Head
Shayan Hasan
Research Analyst
Salman Kazmi
Research Analyst
Imran Altaf
Research Analyst
Faizan Ahmed
Research Analyst
Faiz Malik
Database Manager
Separator
Disclaimer:
This news update 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 news update or any part of it should not be reproduced, published or distributed without prior permission