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October 12, 2009
Statistics
KSE-100 Index
Previous Index 9,740.87
Current Index 9,768.63
Change % 0.28%
YTD (CY09) 66.60%
YTD (FY10) 36.40%

International Indicators
  Close %age
BSE-30 16,642.66 (1.19)%
HANGSENG 21,499.44 0.06%
NIKKEI 255 10,016.39 1.87%
FTSE 5,161.87 0.01%
DJIA 9,864.94 0.80%
SSEC 2,911.72 4.76%
NASDAQ 2,139.28 0.72%

SCRA
Oct 08 , 2009 5.242
Oct, 2009 30.590
YTD 255.391

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 122.55
Rs/UK 131.84
Rs/US 83.33
Rs/OR 217.17

Commodities
Oil $72.55/barrel
Oil Change in % 1.09%
Gold $1,051.70/ounce
Gold Change in % 0.30%

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 $1,046
Population 167.63mn
US$ Reserves (Oct 03, 2009) 14.75bn
Trade Deficit (Sep 09) $(3.09)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 (Oct 03, 2009) Rs4,124bn

NAVs and Returns
as of Oct 10, 2009
Funds Offer Redemption
POBOP 51.5282/- 51.0129/-
Daily Return 18.74%
POAIIF 52.8235/- 52.2953/-
Daily Return 7.75%
POAIF 55.53/- 54.14/-
Daily Return 6.74%
POASF 56.37/- 54.96/-
Daily Return 0.00%
POAF 10.2832/-
Daily Return 13.63%
*Daily Returns are calculated as per MUFAP guidelines

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

Friends of Democratic Pakistan: finance urged not to include pledges in budget
The Economic Affairs Division (EAD) had strongly urged the Finance Ministry not to include the 5.7 billion dollars pledges/commitments as revenue in the 2009-10 budget, but the Finance Ministry reportedly refused to exclude the amount. This was stated by highly influential sources to exclusively Business Recorder more...

Pakistan may avail bridge financing from IMF: Tarin
IMF may be asked to fund development schemes if the signing of the Kerry-Lugar bill is delayed, said the finance minister more... (D)

FBR told to bring 0.1 million persons into tax net per month
The Ministry of Finance has directed the Federal Board of Revenue (FBR) to bring around 100,000 persons per month into the tax net under the countrywide exercise of broadening the tax base. Sources told Business Recorder here on Saturday that the Finance Ministry has fixed an ambitious target of 100,000 persons per month for FBR to broaden the tax base and register potential persons with the tax department more... (BR)

Politics

Kerry-Lugar bill: Gilani takes political leadership into confidence
Prime Minister Syed Yousuf Raza Gilani on Sunday telephoned Chief Minister Punjab Shahbaz Sharif and leaders of various political parties to take them into confidence about the government stance on Kerry-Lugar Bill more... (BR)

US and UK confident of Pakistan's control over nuclear weapons
The United States and Britain expressed confidence on Sunday in the security of Pakistani nuclear facilities after an attack by Taliban militants on the country's army headquarters. US Secretary of State Hillary Clinton told a news conference in London Washington was confident that Pakistani authorities had control over the nation's nuclear weapons more... (BR)

Bloody siege at GHQ ends: 20 dead; 39 hostages released
The commandos of Special Services Group (SSG) of Pakistan Army winded up the rescue operation after inflicting another defeat on the terrorists and secured the release of 39 hostages held by them at the Security Office of check-post No 2 of General Headquarters in Rawalpindi more... (BR)

Sector Briefing

Auto sales zoom 16pc for 1QFY1010,312 units sold in Sept '09
Sales of the passenger cars plus LCVs increased by 16 per cent year-on-year (YoY) basis with improvement witnessed in all three players -- PSMC, INDU and HCAR more... (FD)

SECP issues guidelines for NBFCs
The Securities and Exchange Commission of Pakistan (SECP) has introduced minimum requirements for Non-Banking Finance Companies (NBFCs) to undertake discretionary and non-discretionary portfolio management more... (FD)

Government fails to implement ADB's 'Forward Plan': Pepco's Rs 261 million debts not transferred to PHCL
The government has failed to implement Asian Development Bank's (ADB) 'Forward Plan', according to which Pepco's debts of Rs 261 million had to be transferred to the newly established Power Holding Company Limited (PHCL) by September 30, 2009 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.