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October 06, 2009
Statistics
KSE-100 Index
Previous Index 9,455.15
Current Index 9,487.95
Change % 0.35%
YTD (CY09) 61.80%
YTD (FY10) 32.50%

International Indicators
  Close %age
BSE-30 16,866.41 (1.56)%
HANGSENG 20,429.07 0.26%
NIKKEI 255 9,674.49 (0.60)%
FTSE 5,024.33 0.70%
DJIA 9,599.75 1.18%
SSEC 2,779.43 0.90%
NASDAQ 2,068.15 0.98%

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 122.07
Rs/UK 133.32
Rs/US 83.40
Rs/OR 217.25

Commodities
Oil $70.56/barrel
Oil Change in % 0.21%
Gold $1,020.50/ounce
Gold Change in % 0.27%

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 05, 2009
Funds Offer Redemption
POBOP 51.4647/- 50.9501/-
Daily Return (6.24)%
POAIIF 52.7692/- 52.2415/-
Daily Return (74.36)%
POAIF 55.96/- 54.56/-
Daily Return (13.39)%
POASF 56.58/- 55.17/-
Daily Return (6.62)%
POAF 10.2631/-
Daily Return 39.74%
*Daily Returns are calculated as per MUFAP guidelines

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

Pakistan enjoying 'stable' economy: Moody's
International economic rating agency Moody's Investors Services has placed Pakistan among countries enjoying the 'stable' economies, a private TV channel reported. Quoting Anand Mitra, the analyst of the Moody's, the channel said that Pakistan is seeing the economy growing towards stability cum positive policies for gradual increment in the foreign exchange reserves more... (BR)

Rs 259.241 billion revenue collected in first quarter
The Federal Board of Revenue (FBR) has collected Rs 259.241 billion during the first quarter (July-September) of 2009-10 against quarterly target of Rs 270 billion, reflecting a sshortfall of Rs 10.76 billion. According to provisional figures released here on Monday, the aggregate collection during the first quarter of current fiscal year comes to Rs 259.24 billion more... (BR)

ECC may approve wheat support price today
The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to meet on Tuesday, is expected to approve wheat support price for 2009-10. Analysts say that the possibility of a substantial increase in the support price is slim as a task force, headed by the Minister for Food and Agriculture (Minfa), Nazar Muhammad Gondal, has recommended Guaranteed Minimum Price (GMP) within the range of Rs 950 to Rs 960 per 40 kg despite the fact that input cost has increased by 19 percent more... (BR)

Politics

Bomber strikes WFP office, kills 5
Five people were killed including a foreigner while 8 received injuries in a suicide bomb attack inside the United Nations World Food Programme (WFP) office in Islamabad. The blast occurred at 1230 PST Monday at WFP office located in F-8/3 sector of the Capital. Initial reports say that the blast occurred at ground floor of Finance and Logistic branch of the office more... (FD)

British ministers in Islamabad for counter-terrorism talks
Britain's home and defence secretaries arrived in Islamabad on Monday for talks with Pakistani leaders on counter-terrorism and defence in the insurgent-plagued nation, officials said more... (D)

Hakimullah Mehsud dispels rumours of his death
New Taliban chief Hakimullah Mehsud appeared in a video clip broadcast on local television on Monday, dispelling rumours of his death and vowing "severe" new attacks. "I am alive and sitting in front of you. All the stories about my death were baseless. You can see me, that I am alive," a healthy-looking Hakimullah Mehsud said in a video clip seen in full by an AFP reporter more... (BR)

Sector Briefing

Proposal to convert National Savings into corporate body under study: National Assembly told
The government is considering a proposal to convert the Directorate of National Savings into a corporate body where rights of its employees would be fully protected under relevant rules and regulations. Responding to a query, Minister for Finance Shaukat Tarin told the National Assembly here on Monday that the proposal to convert the National Savings into a corporate body is under consideration more... (BR)

KSE to beat world mkts growth-wiseApex bourse may cross 12k in 2QFY10
Global markets are under shadows of doubts after forecasts regarding a quick global economic recovery went out of expectations, but the good news is that Karachi Stock Exchange (KSE) may continue to stay bullish this quarter more... (FD)

Refineries' profits report to be reviewed
The Ministry of Petroleum and Natural Resources in a report submitted to Economic Co-ordination Committee (ECC) of the Cabinet has said that oil refineries earned profit amounting to Rs 60.364 billion during last ten years, from 1998-2008. The ECC had sought a report on profit and loss of oil refineries while considering summary of Petroleum Ministry for empowering the Oil and Gas Regulatory Authority (Ogra) to regulate furnace oil price 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.