October 01, 2009
KSE-100 Index
Previous Index 9,475.48
Current Index 9,349.68
Change % (1.33)%
YTD (CY09) 59.40%
YTD (FY10) 30.50%

International Indicators
  Close %age
BSE-30 17,126.84 1.63%
HANGSENG 20,955.25 (0.28)%
NIKKEI 255 10,133.23 0.30%
FTSE 5,133.90 (0.50)%
DJIA 9,712.28 (0.31)%
SSEC 2,779.43 0.90%
NASDAQ 2,122.42 (0.08)%

Sept 29, 2009 3.120
Sept 2009 155.584
YTD 226.634

Money Market Updates
6m T-bill (Sep 09, 2009) 12.78%
12m T-bill (Sep 09, 2009) 12.48%
3m KIBOR 12.59%
6m KIBOR 12.65%
10 yrs PIB 12.46%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 121.84
Rs/UK 133.48
Rs/US 83.27
Rs/OR 217.18

Oil $69.90/barrel
Oil Change in % (1.01)%
Gold $1,007.20/ounce
Gold Change in % (0.21)%

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 19, 2009) 14.48bn
Trade Deficit (Aug 09) $(2.19)bn
Curr. A/C (Aug 09) $(527)mn
Remittances (Jul -Aug 09) $1.53bn
Foreign Investment (Jul -Aug-09) $412.2mn
All Sch. Banks Deposit Base (Sep 26, 2009) Rs.4,162bn

NAVs and Returns
as of Sept 30, 2009
Funds Offer Redemption
POBOP 51.4382/- 50.9238/-
Daily Return 7.35%
POAIIF 52.8474/- 52.3189/-
Daily Return 7.83%
POAIF 55.86/- 54.46/-
Daily Return (120.24)%
POASF 56.47/- 55.08/-
Daily Return (191.24)%
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-

LSM tad higher for 1MFY10M Qawee
Large Scale Manufacturing (LSM) growth has inched up by 0.59 per cent during the first month (July) of the current financial year (1MFY10) due to higher consumption of food stuff, better production of automobile, cement and steel products, according to data from the Federal Bureau of Statistics (FBS) more... (FD)

Rates of return on NSS to remain unchanged
The Federal Government has announced that the rates of return on National Savings Schemes shall remain unchanged. According to a press release here on Wednesday, the existing rates of return on different National Savings Schemes are 12.15 per cent for Defence Savings Certificates, 12.00 per cent for Regular Income Certificates, 11.67 per cent for Special Savings Certificates and 8.50 per cent for Savings Account more... (BR)

POL prices reduced
The government on Wednesday slashed prices of petroleum products up to Rs 4.80 per litre in line with the reduction in global oil prices effective today (Thursday). The Oil and Gas Regulatory Authority (Ogra) has issued notification in this regard. The spokesman has said that the government cut the prices of motor spirit, HOBC, kerosene oil and Light Diesel Oil (LDO) by Rs 3.63 per litre, Rs 4.80 per litre, Rs 2.73 per litre and Rs 1.99 per litre, respectively more... (BR)


US Congress approves bill on assistance
The US Congress on Wednesday approved tripling non-military aid to Pakistan to help fight extremism in the nuclear-armed country, sending the measure to President Barack Obama for signing into law. Obama had urged the bill's passage to promote stability in a crisis-ridden nation that is key to the US war in neighbouring Afghanistan. Final action on the legislation came as the House of Representatives approved it more... (BR)

Kalimullah Mehsud killed
A Taliban spokesman says the brother of the new head of the Taliban was killed in a shootout with troops close to the Afghan border. Local media reports, however, quoted intelligence sources as saying Kalimullah Mehsud was among several militants to die in one of US drone strike late on Tuesday more... (BR)

Five foreign militants among eight killed in drone attack
Eight militants were killed in a US missile strike in North Waziristan on Wednesday, security officials said, in the third such attack on the Taliban's tribal strongholds in 24 hours. "It was a US drone attack which targeted a compound in Norak area in North Waziristan," a security official in the region said more... (BR)

Sector Briefing

Power tariff up by six percent from today
The government on Wednesday increased power tariff by 6 percent effective October 1, 2009 (today) after Prime Minister Syed Yousuf Raza Gilani cleared a summary of the Ministry of Water and Power, official sources told Business Recorder. The sources said the government has also done away with the differential tariff mechanism, equalising tariff for all the Discos more... (BR)

$175 million bids received for 41 blocks
The government on Wednesday received competitive bids for 41 blocks against bids for 53 blocks in all the four provinces. However, investors have not shown any interest in 12 blocks located in Balochistan due to poor law and order situation. Total value of the bids received for the minimum work programme is $175 million for three-year period and actual expenditures against minimum commitments would be easily over $500 million, said special secretary G A Sabri in a press conference here more... (BR)

Net income down 59.3 percent in fiscal year 2009
The net income of Karachi Stock Exchange (KSE) has declined by 59.3 percent to Rs 314.085 million in the year ended June 30, 2009 (FY09) as compared to Rs 771.728 million earned in the same period in FY08. The major reason for this decline has been attributed to a drastic decrease in its income from operations and mark-up/interest 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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