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October 13, 2009
Statistics
KSE-100 Index
Previous Index 9,768.63
Current Index 9,642.56
Change % (1.29)%
YTD (CY09) 64.40%
YTD (FY10) 34.60%

International Indicators
  Close %age
BSE-30 17,026.67 2.31%
HANGSENG 21,299.35 (0.93)%
NIKKEI 255 10,016.39 1.90%
FTSE 5,210.17 0.90%
DJIA 9,885.80 0.21%
SSEC 2,894.48 (0.59)%
NASDAQ 2,139.14 0.01%

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 12.59%
6m KIBOR 12.65%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 122.51
Rs/UK 131.90
Rs/US 83.37
Rs/OR 217.11

Commodities
Oil $73.03/barrel
Oil Change in % (0.33)%
Gold $1,056.80/ounce
Gold Change in % (0.07)%

Inflation
CPI Gen. - YoY (Sep 09) 10.10%
CPI Gen. - FY10 (Jul -Sep 09) 10.70%
NFNE Core INFL - YoY (Sep 09) 11.90%
NFNE Core INFL - FY10 (Jul-Sep 09) 12.90%

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 -Sep 09) $2.33bn
Foreign Investment (Jul -Aug-09) $412.2mn
All Sch. Banks Deposit Base (Oct 03, 2009) Rs4,124bn

NAVs and Returns
as of Oct 12, 2009
Funds Offer Redemption
POBOP 51.3326/- 50.8193/-
Daily Return (50.04)%
POAIIF 52.8451/- 52.3166/-
Daily Return 7.71%
POAIF 55.37/- 53.99/-
Daily Return (50.56)%
POASF 56.12/- 54.72/-
Daily Return (79.69)%
POAF 10.2904/-
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

CPI inflation surges by 10.66 percent in September
The CPI inflation surged by 10.66 percent in September, 2009 over the same period of last year, according to the data on monthly inflation released by Federal Bureau of Statistics (FBS) on Monday. The official figures released by the FBS showed that Sensitive Price Indicator (SPI) and Wholesale Price Index (WPI) inflation witnessed an increase 9.29 and 0.49 percent respectively in September, 2009 over the same period of last year more... (BR)

Exports decline by 13pc in first quarter
Pakistan’s exports declined by 13.86 per cent during the first quarter (July-Sept) of the fiscal year 2009-10. The government has fixed a target of six per cent increase in exports for the current year more... (D)

Oil rises near $73 ahead of US earnings results
Oil prices approached $73 a barrel Monday as investors looked to a slew of US corporate earnings reports this week for signs of economic recovery more... (D)

Politics

Nawaz to be consulted on US aid bill: Prime Minister
The Prime Minister, Syed Yousuf Raza Gilani, has said that on his return he will take all the stakeholders into confidence on the controversial Kerry-Lugar bill passed by the US Congress recently. Talking to the media aboard the aircraft on his way to Beijing to attend a meeting of the Shanghai Co-operation Organisation, he said that hopefully, Nawaz Sharif would also return to the country by that time and he too would be consulted more... (BR)

India tests nuclear-capable Prithvi-II missile
The Indian military successfully test-fired two short-range nuclear-capable missiles from a site in the east of the country on Monday, a defence source said more... (D)

'GHQ attackers demanded release of 100 militants'
Major-Gen Athar Abbas said their target was to take hostage senior officers and make demands more... (D)

Sector Briefing

Portfolio management: SECP introduces minimum requirements for NBFCs
The Securities and Exchange Commission of Pakistan (SECP), as part of its continuous efforts for development of the capital markets and to safeguard the investors' interest has introduced minimum requirements for NBFCs to undertake discretionary and non-discretionary portfolio management, through Circular No 32 of 2009 dated October 9 2009 more... (BR)

Rules for consumer financing amended
The State Bank revised rules after amending Rule 13 of the Prudential Regulations for Consumer Financing more... (D)

Rental power companies will be subject to normal taxation: Minister tells National Assembly
Minister for Water and Power Raja Pervaiz Ashraf informed the National Assembly here on Monday that rental power companies will be subject to normal taxation under the Income Tax Ordinance 2001, which would result in additional revenue for the government of Pakistan 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.