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October 15, 2009
Statistics
KSE-100 Index
Previous Index 9,686.40
Current Index 9,804.61
Change % 1.22%
YTD (CY09) 67.20%
YTD (FY10) 36.90%

International Indicators
  Close %age
BSE-30 17,231.11 1.20%
HANGSENG 21,886.48 1.95%
NIKKEI 255 10,060.21 (0.20)%
FTSE 5,256.10 2.00%
DJIA 10,015.86 1.47%
SSEC 2,970.53 1.17%
NASDAQ 2,172.23 1.51%

SCRA
Oct 13 , 2009 3.927
Oct, 2009 56.445
YTD 281.246

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

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 124.07
Rs/UK 132.92
Rs/US 83.35
Rs/OR 217.42

Commodities
Oil $75.89/barrel
Oil Change in % 0.94%
Gold $1,065.00/ounce
Gold Change in % 0.03%

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 10, 2009) Rs4,133bn

NAVs and Returns
as of Oct 14, 2009
Funds Offer Redemption
POBOP 51.2465/- 50.7340/-
Daily Return (60.65)%
POAIIF 52.8687/- 52.3400/-
Daily Return 8.50%
POAIF 55.76/- 54.37/-
Daily Return 168.61%
POASF 56.49/- 55.08/-
Daily Return 93.01%
POAF 10.2986/-
Daily Return 17.71%
*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 may seek $874m more from IMF
Shaukat Tarin said that additional aid from the IMF maybe needed in case the Kerry-Lugar Bill is jeopardised more... (D)

Agriculture sector, bourses to be taxed within three years, National Assembly told
Minister of State on Finance Hina Rabbani Khar has said that the government would bring agriculture sector and stock exchanges into the tax net within the next three years under the plan to broaden the tax base. During question-hour session of the National Assembly here on Wednesday, she said that the government is committed to bring all potential sectors into the tax net more... (BR)

$11.406 billion loans obtained from IMF since 1958: Tarin
Minister for Finance Shaukat Tarin on Wednesday informed the National Assembly that the total loans obtained from the International Monetary Fund (IMF) since 1958 amount to $11.406 billion. In a written replay, he informed the house that the question of Abdul Majeed Khan Khanan Khail MNA is related to the Stand-By Arrangement (SBA) signed with the IMF in November 2008 more... (BR)

Politics

Kayani going nowhere: KairaSays GHQ attack report to be made public soon
Federal Minister for Information and Broadcasting, Qamar Zaman Kaira on Wednesday made it clear that there is no truth whatsoever on removal of Chief of Army Staff, stressing all such rumours are baseless and fabricated more... (FD)

Britain's Brown pledges more Afghanistan troops
Prime Minister Gordon Brown said Britain will also send 10 million pounds in aid to Pakistan and Afghanistan more... (D)

Unreasonable to say Taliban do not exist in Quetta: US CG
Terrorism anywhere needs to be eliminated. This was stated by US Consul General Stephen Fakan while speaking to newsmen here on Wednesday. Replying to a question about the drone attacks in Balochistan, he said it is misunderstanding. Pakistan Army was fighting a battle against Taliban in Waziristan, Fata and Malakand where Taliban have strong base and during this operation we have seen how difficult it is to dislodge them from there more... (BR)

Sector Briefing

MOL discovers new gas in Tal Block
Hungarian oil and gas firm has made a new discovery of gas and condensate at the Maramzai-1 well in the Tal Block in Pakistan, the company said on Wednesday. The production of the well is 1.1 million cubic metres of gas per day and 228 cubic meters of condensate per day, MOL said in a statement. "The production rates can improve further after acid stimulation of two limestone reservoirs in the well," MOL said more... (BR)

Banks see a tough 2H2HFY10: A nightmare in the making
The second half of the Financial Year 2009-10 (2HFY10) is haunting the country's banking sector like a nightmare on account of apprehensions regarding delay in funding from the Friends of Democratic Pakistan (FoDP) and a shift of around $6 billion oil payments to the inter-bank market from February 2009 more... (FD)

Oil, gas exploration, power sectors: Prime Minister promises investors good returns, security
Prime Minister Syed Yousuf Raza Gilani on Wednesday invited Chinese businessmen to invest in Pakistan's Hydropower sector by building small and medium-sized dams. "Our energy requirements have increased rapidly and we are offering investment opportunities in oil and gas exploration and power generation sectors," Gilani said while addressing a gathering of Pakistani and Chinese businessmen at the round-table conference on Pakistan-China trade and investment co-operation here 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.