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October 08, 2009
Statistics
KSE-100 Index
Previous Index 9,643.11
Current Index 9,836.50
Change % 2.01%
YTD (CY09) 67.70%
YTD (FY10) 37.30%

International Indicators
  Close %age
BSE-30 16,806.66 (0.90)%
HANGSENG 21,241.59 2.07%
NIKKEI 255 9,799.60 1.10%
FTSE 5,108.90 (0.60)%
DJIA 9,725.58 (0.60)%
SSEC 2,779.43 0.90%
NASDAQ 2,110.33 0.32%

SCRA
Oct 06 , 2009 (0.275)
Oct, 2009 25.139
YTD 249.939

Money Market Updates
6m T-bill (Oct 07, 2009) 12.59%
12m T-bill (Oct 07, 2009) 12.61%
3m KIBOR 12.60%
6m KIBOR 12.66%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 122.27
Rs/UK 132.26
Rs/US 83.32
Rs/OR 217.14

Commodities
Oil $70.15/barrel
Oil Change in % 0.83%
Gold $1,051.60/ounce
Gold Change in % 0.69%

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 07, 2009
Funds Offer Redemption
POBOP 51.4844/- 50.9696/-
Daily Return 7.27%
POAIIF 52.7907/- 52.2628/-
Daily Return 7.84%
POAIF 56.18/- 54.78/-
Daily Return 86.83%
POASF 56.80/- 55.38/-
Daily Return 105.76%
POAF 10.2805/-
Daily Return 35.24%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF may hold further tranchesIn case of K-L Bill disapproval by Parliament
Chief of Army Staff, General Ashfaq Parvez Kayani put the ball in Parliament's court regarding Kerry-Lugar Bill Wednesday and if Parliament decides to disapprove it, then the national economy might have to face dire circumstances more... (FD)

SBP accepts Rs 22.96 billion bids for sale of MTBs
The State Bank of Pakistan (SBP) on Tuesday accepted bids of Rs 22.96 billion with realised value of Rs 21.328 billion, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). SBP had invited the bids through Primary Dealers on October 6 to 7, 2009. Bids were opened at 1130 hours on October 7, 2009 and overall SBP received amounted Rs 76.623 billion with realise value of Rs 71.869 billion bids for the sale of 3-month, 6-month and 12-month t-bills more... (BR)

Gold price reaches new peak of Rs 32,405 per tola
Gold price on Wednesday soared to a new peak of Rs 32,405 per tola going up by Rs 495 from the previous historic high of 31,900 per tola on the local market, traders said. Price of gold per 10 grams also climbed to a record high of Rs 27,685 per 10 grams from the previous record high of Rs 27,342, registering a rise of Rs 343 more... (BR)

Politics

Army expresses 'serious concern' on US aid bill
The top army brass expressed ``serious concern' on Wednesday over a proposed multibillion-dollar US aid package for the country, opening a rift with the weak US-backed civilian administration and bolstering critics who warn the bill will lead to greater American interference. The military's unusual public statement was vaguely worded more... (BR)

India urges world to apply pressure on Pakistan
'The international community should put effective pressure on Pakistan to... deal with terrorist groups within its territory.' more... (D)

Bugti murder case: BHC orders registration of FIR against Musharraf
A single bench of Balochistan High Court on Wednesday directed Dera Bugti police to register FIR against former president Pervez Musharraf and others in the murder case of Nawab Akbar Khan Bugti more... (BR)

Sector Briefing

UAE and Indonesia: 'MCB Bank, Maybank plan to buy banks'
The Chairman of Nishat Group, Muhammad Mansha, has said that MCB and Maybank Malaysia are planning to acquire foreign bank in UAE and Indonesia to bring Pakistan in the financial market globally. Talking to media persons after formal listing and trading of shares of Nishat Power at KSE here on Wednesday, he said that MCB Bank's deal with the Royal Bank of Scotland (RBS) was under process more... (BR)

Special FC Accounts: SBP allows five percent retention facility to cement exporters
The State Bank of Pakistan (SBP) on Tuesday allowed cement manufacturers to retain 5 percent of their export proceeds in special foreign currency accounts. Textile sector is already enjoying the 5 percent retention facility and now with an aim to enhance the cement exports, the central bank has granted this facility to cement exporters also more... (BR)

CCP looks into auto sector for cartelisation
The National Assembly was informed Wednesday that the Competition Commission of Pakistan (CCP) is examining the possibility of cartelisation in car manufacturing sector 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.