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October 05, 2009
Statistics
KSE-100 Index
Previous Index 9,301.18
Current Index 9,455.15
Change % 1.66%
YTD (CY09) 61.20%
YTD (FY10) 32.00%

International Indicators
  Close %age
BSE-30 17,134.55 0.05%
HANGSENG 20,375.49 (2.77)%
NIKKEI 255 9,731.87 (2.50)%
FTSE 4,988.70 (1.20)%
DJIA 9,487.67 (0.23)%
SSEC 2,779.43 0.90%
NASDAQ 2,048.11 (0.46)%

SCRA
Oct 02 , 2009 21.155
Oct, 2009 14.501
YTD 239.303

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 121.24
Rs/UK 132.54
Rs/US 83.23
Rs/OR 217.06

Commodities
Oil $69.77/barrel
Oil Change in % (0.26)%
Gold $1,004.20/ounce
Gold Change in % (0.01)%

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 26, 2009) 14.49bn
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 Oct 03, 2009
Funds Offer Redemption
POBOP 51.4589/- 50.9443/-
Daily Return (6.24)%
POAIIF 52.6716/- 52.1449/-
Daily Return (74.36)%
POAIF 55.90/- 54.50/-
Daily Return (13.39)%
POASF 56.54/- 55.13/-
Daily Return (6.62)%
POAF 10.2443/-
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

FBR revises quarterly collection targets
The Federal Board of Revenue (FBR) has revised the quarterly revenue collection targets for 2009-10 to ensure Rs 1380 billion collection by the end of the fiscal year. Sources told Business Recorder here on Saturday that the revenue collection target for first quarter (July-September) 2009-10 has been fixed at Rs 270 billion, reflecting 19.6 percent of the annual target more... (BR)

Weekly inflation dips by 0.37 percent
The Sensitive Price Indicator (SPI), for the week ended on October 1, for the lowest income group up to Rs 3,000, has registered decrease of 0.37 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 237.94 as against 238.83 registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS) more... (BR)

Asian economy rallying: IMFIMF panel endorses Group of 20 economic plan
Asia is emerging from the global downturn faster and stronger than any other region, according to a top official at the International Monetary Fund (IMF) more... (FD)

Politics

Nawaz Sharif unlikely to contest by-election
‘But in case the court directs holding of polls, the party will abide by the court order and Mr Sharif will decide.’ more... (D)

South Waziristan: Pakistan has forces, equipment for assault: US
Pakistan has mobilised enough forces and equipment to launch a long awaited ground offensive against Taliban militants in their South Waziristan stronghold near the Afghan border, US defence officials said on Sunday more... (BR)

Fazl offers to mediate between govt and Taliban
‘We want to pull the nation, the government and the army out of the US pressure:’ Maulana Fazlur Rehman more... (D)

Sector Briefing

OGDC stopped from auctioning LPG
The Sindh High Court (SHC) on Friday barred OGDC from conducting auction of liquefied petroleum gas (LPG) produced at its two gas fields — Bobi and Kunnar — after serious objections filed by the Power Gas Company and Aftab Traders on the move more... (D)

'Government responsible for increasing power tariff'
The government, instead of the International Monetary Fund (IMF), should be held responsible for increasing power tariff and it could have been avoided, some official sources privy to IMF claimed. The sources said that the heavy line losses were the major reason behind the power shortage and the government has been unable to reduce the losses due to its incompetent governance more... (BR)

MCB Bank to introduce some new products soon: Bajwa
The MCB Bank President, Atif Aslam Bajwa, has said, "Despite present economic crisis and rising trade deficit, purchase of 20 percent share by Maybank has brought $ 900 million in the country and Maybank and other banking experts will also help MCB in improving banking practices and product lines including e-banking 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.