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September 29, 2009
Statistics
KSE-100 Index
Previous Index 9,664.25
Current Index 9,409.58
Change % (2.64)%
YTD (CY09) 60.40%
YTD (FY10) 31.40%

International Indicators
  Close %age
BSE-30 16,693.00 (0.53)%
HANGSENG 20,588.41 (2.07)%
NIKKEI 255 10,009.52 (2.50)%
FTSE 5,165.70 1.60%
DJIA 9,789.36 1.28%
SSEC 2,763.92 (2.65)%
NASDAQ 2,130.74 1.90%

SCRA
Sept 25, 2009 14.405
Sept 2009 148.734
YTD 219.785

Money Market Updates
6m T-bill (Sep 09, 2009) 12.78%
12m T-bill (Sep 09, 2009) 12.48%
3m KIBOR 12.58%
6m KIBOR 12.65%
10 yrs PIB 12.46%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 121.07
Rs/UK 131.10
Rs/US 83.16
Rs/OR 216.49

Commodities
Oil $66.87/barrel
Oil Change in % 0.04%
Gold $994.10/ounce
Gold Change in % 0.00%

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 19, 2009) Rs.4,145bn

NAVs and Returns
as of Sept 28, 2009
Funds Offer Redemption
POBOP 51.4157/- 50.9015/-
Daily Return (79.51)%
POAIIF 52.8259/- 52.2976/-
Daily Return 10.88%
POAIF 56.03/- 54.63/-
Daily Return (112.53)%
POASF 56.59/- 55.18/-
Daily Return (126.55)%
POAF Book Closure
Daily Return N/A
*Daily Returns are calculated as per MUFAP guidelines

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

SBP likely to keep rate unchanged
The State Bank of Pakistan (SBP) is likely to retain its key policy rate at 13 percent to curb rising inflation and government budgetary borrowing, economists said. The SBP is scheduled to announce its Monetary Policy Statement (MPS) for September and October today (Tuesday) after the board of directors meeting. The central bank board will also approve the annual report on the country's economy more... (BR)

Rs 145 billion target set for October-December treasury-bills sale
The State Bank of Pakistan on Monday set a target of Rs 145 billion for the sale of Government of Pakistan Market Treasury Bills for 3-month, 6-month & 12-month for the second quarter of fiscal year 2010 (from October to December 2009). Auction Target calendar for sale of Government of Pakistan Market Treasury Bills for the second quarter of FY10 is mentioned below more... (BR)

Weekly inflation up by 0.62pc
The poor continue to be buffeted by inflation, according to the latest figures from the State Bank of Pakistan more... (D)

Politics

Punjab seeks postponement of by-election
The opposition is up in arms after the Shahbaz govt tried to postpone elections on security grounds more... (D)

India will not monitor Mumbai trial in Pakistan: Krishna
In response to Pakistan's statement that it would begin the trial of the suspects held for Mumbai attacks from October 3, Foreign Minister S M Krishna has said that India would not monitor these proceedings more... (D)

LHC issues notice to Musharraf in BB case
Pervez Musharraf and Chaudhry Pervaiz Illahi have been asked to submit replies to a petition against them more... (D)

Sector Briefing

40 percent increase in power tariff likely this year
Power tariffs are likely to be raised by around 40 percent in the current fiscal year if the government is to meet the commitment it made to the International Monetary Fund (IMF), the largest investor in Pakistan's economy today, sources exclusively told Business Recorder more...

Ministry trying to get control over urea import plan
The Ministry of Industries and Production is reportedly battling to get control over the urea import plan in an effort to allocate the fertiliser's distribution contract to its subsidiary, National Fertiliser Marketing Limited (NFML), official documents and informed sources told Business Recorder on Monday more... (BR)

Fixing gas, power tariffs job of Ogra, Nepra: Gilani
Prime Minister Syed Yousuf Raza Gilani on Monday said that fixing power and gas tariff was the job of National Electric Power Regulatory Authority (Nepra) and Oil and Gas Regulatory Authority (Ogra), saying that the government can't interfere in their day to day affairs 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

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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.