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October 19, 2009
Statistics
KSE-100 Index
Previous Index 9,845.74
Current Index 9,838.12
Change % (0.08)%
YTD (CY09) 67.70%
YTD (FY10) 37.40%

International Indicators
  Close %age
BSE-30 17,322.82 0.74%
HANGSENG 21,929.90 (0.31)%
NIKKEI 255 10,257.56 0.20%
FTSE 5,190.24 (0.63)%
DJIA 9,995.91 (0.67)%
SSEC 2,976.63 (0.11)%
NASDAQ 2,156.80 0.76%

SCRA
Oct 16 , 2009 0.757
Oct, 2009 76.923
YTD 301.723

Money Market Updates
6m T-bill (Oct 07, 2009) 12.59%
12m T-bill (Oct 07, 2009) 12.61%
3m KIBOR 12.61%
6m KIBOR 12.65%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 124.08
Rs/UK 136.20
Rs/US 83.37
Rs/OR 217.34

Commodities
Oil $78.60/barrel
Oil Change in % 0.09%
Gold $1,052.60/ounce
Gold Change in % 0.10%

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 10, 2009) 14.46bn
Trade Deficit (Sep 09) $(3.09)bn
Curr. A/C (Aug 09) $(527)mn
Remittances (Jul -Sep 09) $2.33bn
Foreign Investment (Jul -Sep-09) $671.1mn
All Sch. Banks Deposit Base (Oct 10, 2009) Rs4,133bn

NAVs and Returns
as of Oct 17, 2009
Funds Offer Redemption
POBOP 51.3505/- 50.8370/-
Daily Return 36.68%
POAIIF 52.9040/- 52.3750/-
Daily Return 9.79%
POAIF 56.14/- 54.74/-
Daily Return 6.67%
POASF 56.81/- 55.39/-
Daily Return (13.17)%
POAF 10.3102/-
Daily Return (3.14)%
*Daily Returns are calculated as per MUFAP guidelines

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

US aid bill: Pakistan to get $874 million before June 30, says Tarin
Pakistan will receive 874 million dollars under Kerry-Lugar Bill in the current fiscal year, ie before June 30, said Finance Minister Shaukat Tarin while talking to Business Recorder on Saturday. Tarin said that 1.5 billion-dollar civil assistance for Pakistan would also include 500 million dollars the US had pledged in Friends of Democratic Pakistan Conference (FoDP) in Tokyo more... (BR)

Investment in Pakistan: Italy to set up $10 billion credit facility: BoI
Italy will set up a creditline facility of $10 billion for its companies aiming to invest in various fields in Pakistan. The Chairman of the Board of Investment (BoI), Saleem H Mandviwalla, told reporters on Saturday at a press conference at the BoI office that the facility would conclude in six months, which would be available for Italian firms in Italy to avail more... (BR)

Nominal increase witnessed in weekly inflation
The weekly inflation for the lowest income group up to Rs3,000, increased by 0.08pc over the previous week more... (D)

Politics

‘Pentagon closely monitoring Pakistan situation'
The Defense Department is closely monitoring the situation in Pakistan, following a series of terrorist attacks there that have killed or injured scores of innocent people, a senior Pentagon spokesman said more... (D)

Kerry arrives
Senator John Kerry, Chairman US Senate's Foreign Relation Committee and one of the authors of the controversial US legislation (Kerry-Lugar Bill) for tripling non-military aid to Pakistan, arrived here on late Sunday night on two-day visit more... (BR)

Over 100,000 flee Waziristan offensive
More than 100,000 people have fled South Waziristan, the lawless area on the Afghan border where Pakistan has launched a major ground assault against the Taliban, officials said Sunday. "Around 100,000 people have been displaced. They are settling in neighbouring Tank and Dera Ismail Khan districts," Colonel Waseem Shahid from an army support group told AFP more... (BR)

Sector Briefing

Refineries want to hedge crude oil price, foreign exchange cover
Oil refineries have sought permission from the government to hedge crude oil price and foreign exchange cover (dollar) to defuse the impact of fluctuations in the oil price as well as depreciation of the rupee against the dollar in future more... (BR)

Alternative to ADB plan: US proposes $ two billion 'equity fund'
The US has proposed an alternative strategy to that prescribed by Asian Development Bank in response to IMF stipulation to eliminate the circular debt as part of its standby facility: establish an equity fund worth $2 billion with the assistance of local banks, public sector and multilaterals to provide funds to independent power producers (IPPs) to settle the circular debt, sources told Business Recorder more...

IMC pushes up car price by Rs30,000
The car-maker thought that it is the right time to enhance prices as everything goes unchecked as the entire nation is in a fix more... (D)

(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.