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September 14, 2009
Statistics
KSE-100 Index
Previous Index 8,996.19
Current Index 9,058.77
Change % 0.70%
YTD (CY09) 54.50%
YTD (FY10) 26.50%

International Indicators
  Close %age
BSE-30 16,264.30 0.29%
HANGSENG 21,161.42 0.44%
NIKKEI 255 10,444.33 (0.66)%
FTSE 5,011.47 0.48%
DJIA 9,605.41 (0.23)%
SSEC 2,989.79 2.22%
NASDAQ Composite 2,080.90 (0.15)%

SCRA
Sept 11, 2009 3.360
Sept 2009 111.688
YTD 182.739

Money Market Updates
6m T-bill (Sep 09, 2009) 12.78%
12m T-bill (Sep 09, 2009) 12.48%
3m KIBOR 12.61%
6m KIBOR 12.68%
10 yrs PIB 12.51%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 120.79
Rs/UK 138.20
Rs/US 82.96
Rs/OR 216.00

Commodities
Oil $68.40/barrel
Oil Change in % (1.28)%
Gold $1,004.10/ounce
Gold Change in % (0.23)%

Inflation
CPI Gen. - YoY (Aug 09) 10.70%
CPI Gen. - FY10 (Jul -Aug 09) 10.90%
NFNE Core INFL - YoY (Aug 09) 12.60%
NFNE Core INFL - FY10 (Jul-Aug 09) 13.30%

Economic Indicators
GDP Growth FY10E 2.00%
Per Capita Income $1,046
Population 167.34mn
US$ Reserves (Sep 05, 2009) 14.24bn
Trade Deficit (Aug 09) $(2.19)bn
Curr. A/C (Jul 09) $(606)mn
Remittances (Jul -Aug 09) $1.53bn
Foreign Investment (Jul 09) $195.6mn
All Sch. Banks Deposit Base (Sep 05, 2009) Rs.4,099bn

NAVs and Returns
as of Sept 12, 2009
Funds Offer Redemption
POBOP 51.8707/- 51.3520/-
Daily Return 20.82%
POAIIF 52.5932/- 52.0673/-
Daily Return 8.17%
POAIF 55.57/- 54.18/-
Daily Return 0.00%
POASF 56.04/- 54.64/-
Daily Return 0.00%
POAF 11.0828/-
Daily Return 12.96%
*Daily Returns are calculated as per MUFAP guidelines

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

Government in consonance with principle of growth: Prime Minister
Prime Minister Syed Yusuf Raza Gilani on Sunday said that his government was in consonance with the principle of growth and the only prescription to survive in the existing tough competition was to become more competitive, quality conscious and innovative more... (BR)

Oil price hedging plan in doldrums
The government's oil price hedging plan is reportedly in doldrums as most of the international commercial banks, with the exception of Deutsche Bank and BNP Paribas, have shown no interest in becoming consultants as offered by Finance Ministry, sources in Finance Ministry told Business Recorder more...

Govt plans 26pc stake sale in HBFC
Finance Minister Shaukat Tarin has said that the House Building Finance Corporation (HBFC) has gone bankrupt and become redundant, adding that 26 per cent shares of the corporation will be privatized soon more... (D)

Politics

Nawaz meets Saudi King
Pakistan Muslim League-N Chief Nawaz Sharif had a meeting with Saudi King Shah Abdullah Bin Abdul Aziz and discussed in detail matters relating to the region including Pakistan. The meeting held in King's guesthouse Qasr al Safa and lasted for one hour. Chief of Saudi intelligence Shahzada Mukran Bin Abdul Aziz, PML-N leader Ishaq Dar and Hussain Nawaz, son of Nawaz Sharif were also present in the meeting more... (BR)

Government noose tightening around Fazlullah neck
Inter Services Public Relations (ISPR) Director General Major General Athar Abbas on Sunday said security forces have traced various hideouts of Maulvi Fazlullah, Chief of Swat Taliban, and operation was going on for his arrest more... (FD)

Bin Laden says US support for Israel prompted 9/11
‘If you think about your situation well, you will know that the White House is occupied by pressure groups,’ he said more... (D)

Sector Briefing

Production from Nashpa oil well rose to 7000 bbl per day: OGDC
There has been a significant find in oil and gas near Kohat by Oil & Gas Development Company Limited. Production from Nashpa oil well has increased to 7000 bbl per day in addition to 25.7 million cubic feet of gas per day more... (BR)

PSO receivables amount to Rs 90 billion against Rs 58 billion dues: managing director
Total receivables of Pakistan State Oil (PSO) have increased to Rs 90 billion from IPPs and some other institutions. The company has to pay over Rs 58 billion to refineries and some other companies, according to Irfan Qureshi, Managing Director of PSO. He said this while briefingmedia at Iftar-dinner hosted by PSO here on Friday more... (BR)

Nepra refuses to approve tariff: three IPPs selected on ICB basis
The National Electric Power Regulatory Authority (Nepra) has reportedly refused to approve tariff of three independent power producers (IPPs), selected on the basis of International Competitive Bidding (ICB) being promoted by the Private Power Infrastructure Board (PPIB), well-informed sources told Business Recorder on Friday 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
  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.