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October 07, 2009
Statistics
KSE-100 Index
Previous Index 9,487.95
Current Index 9,643.11
Change % 1.64%
YTD (CY09) 64.40%
YTD (FY10) 34.60%

International Indicators
  Close %age
BSE-30 16,958.54 0.55%
HANGSENG 20,811.53 1.87%
NIKKEI 255 9,691.80 0.20%
FTSE 5,137.98 2.30%
DJIA 9,731.25 1.37%
SSEC 2,779.43 0.90%
NASDAQ 2,103.57 1.71%

SCRA
Oct 05 , 2009 0.916
Oct, 2009 25.413
YTD 250.214

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 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 122.39
Rs/UK 132.99
Rs/US 83.39
Rs/OR 217.26

Commodities
Oil $71.66/barrel
Oil Change in % 1.10%
Gold $1,040.20/ounce
Gold Change in % 0.05%

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 06, 2009
Funds Offer Redemption
POBOP 51.4745/- 50.9598/-
Daily Return 7.20%
POAIIF 52.7798/- 52.2520/-
Daily Return 7.61%
POAIF 56.05/- 54.65/-
Daily Return 60.21%
POASF 56.64/- 55.22/-
Daily Return 33.08%
POAF 10.2720/-
Daily Return 37.22%
*Daily Returns are calculated as per MUFAP guidelines

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

Govt plans to launch $500m Eurobond
The govt hopes to issue an international bond in the first quarter of 2010, sources in the Finance Ministry said more... (D)

UK will help Pakistan strengthen its economy: Alan
British Home Secretary Alan Johnson on Tuesday assured UK's commitment to continue to assist Pakistan in war against terrorism, saying his country wants to see Pakistan as a strong, stable and a peaceful country. "The UK will help Pakistan strengthen its economy by making complete peace after elimination of terrorists," Alan said while addressing a joint press conference with Rehman Malik, Federal Interior Minister here more... (BR)

Procurement target raised to 7.5 million tons: ECC fixes GMP of wheat at Rs 950 per 40 kg
The Economic Co-ordination Committee (ECC) of the Cabinet has fixed the guaranteed minimum price (GMP) of wheat for year 2009-10 at Rs 950 per 40 kg, and approved fixation of public sector wheat procurement target for 2009-10 at 7.5 million tons more... (BR)

Politics

Army top brass to scrutinise US aid bill
There are indications that the legislation will not find favour at GHQ, souring relations between the army and civilian govt more... (D)

US will stay in Afghanistan, Gates tells Husain Haqqani
US Defence Secretary Robert Gates said he has reassured Pakistan that the United States would not be pulling out of Afghanistan despite a strategy review underway at the White House more... (D)

War on terror: 'Pakistan shows progress but gains tenuous'
While much of the focus in Washington is a review of strategy in Afghanistan, the Obama administration is also assessing what Pakistan's fragile civilian government has achieved so far and what must change. "We are seeing evidence of some significant progress compared to a year or two years ago," said Bruce Riedel of the Brookings Institution think tank more... (BR)

Sector Briefing

ECC allocates 429 MMCFD gas from eight new fields to SSGCL, SNGPL
The Economic Co-ordination Committee (ECC) of the Cabinet has given formal approval of gas allocation of 429 MMCFD from 8 new gas fields to SSGCL and SNGPL. The ECC met here on Tuesday under the chairmanship of Federal Minister for Petroleum and Privatisation Syed Naveed Qamar more... (BR)

Margin Financing, Margin Trading: KSE BoD recommends two leverage systems to SECP
The board of directors of Karachi Stock Exchange (KSE) has recommended two leverage systems including Margin Financing and Margin Trading to the Securities and Exchange Commission of Pakistan (SECP). The KSE board, in its meeting held on October 5, 2009 considered the matter of providing long-term and sustainable liquidity for the growth and development of the capital markets more... (BR)

TCP urea bidding hits mighty snagsTenders attract below expectation response
Lately, the Economic Coordination Committee (ECC) of the Cabinet approved import of 600,000 tonnes and Trading Corporation (TCP) was given the mandate to import the stipulated quantity at the earliest. The Corporation was prompt in floating the tender for the first lot of 150,000 tonnes of the commodity more... (FD)

(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.