BasedLine
LOGO
November 05, 2009
Statistics
KSE-100 Index
Previous Index 8,838.99
Current Index 9,154.99
Change % 2.42%
YTD (CY09) 56.10%
YTD (FY10) 27.80%

International Indicators
  Close %age
BSE-30 15,912.13 3.29%
HANGSENG 21,614.77 1.76%
NIKKEI 255 9,844.31 0.40%
FTSE 5,107.89 1.40%
DJIA 9,802.14 0.31%
SSEC 3,128.54 0.46%
NASDAQ 2,055.52 (0.09)%

SCRA
Nov 03 , 2009 11.44
November, 2009 13.41
YTD 308.34

Money Market Updates
6m T-bill (Oct 21, 2009) 12.60%
12m T-bill (Oct 21, 2009) 12.61%
3m KIBOR 12.82%
6m KIBOR 12.85%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 123.80
Rs/UK 137.07
Rs/US 83.82
Rs/OR 218.56

Commodities
Oil $79.85/barrel
Oil Change in % (0.68)%
Gold $1,088.20/ounce
Gold Change in % 0.08%

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 24, 2009) 14.43bn
Trade Deficit (Sep 09) $(3.09)bn
Curr. A/C (Sep 09) $(462)mn
Remittances (Jul -Sep 09) $2.33bn
Foreign Investment (Jul -Sep-09) $671.1mn
All Sch. Banks Deposit Base (Oct 31, 2009) Rs4,194bn

NAVs and Returns
as of Nov 04, 2009
Funds Offer Redemption
POBOP 51.5689/- 51.0532/-
Daily Return 34.85%
POAIIF 53.1046/- 52.5736/-
Daily Return 2.82%
POAIF 55.20/- 53.82/-
Daily Return (33.88)%
POASF 56.00/- 54.60/-
Daily Return 80.40%
POAF 10.3604/-
Daily Return (10.03)%
*Daily Returns are calculated as per MUFAP guidelines

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

FBR collects Rs365 billionJuly-October 2009
IMF praised increased tax collection
Federal Board of Revenue (FBR) said Wednesday it provisionally collected Rs365 billion in taxes during July-October 2009 period as against Rs349.8 billion taxes last year, showing an increment by 4.3 per cent more... (FD)

Interest rate cut of 1pc likely by month-end
The cut-off yield on 6-month t-bills fell to 12.55 per cent from earlier 12.59 per cent reflecting the possible future trend more... (D)

Gold touches new high at Rs 34,500 per tola
Gold prices on Wednesday touched a new high of Rs 34,500 per tola following a record increase in international prices to $1091 an ounce, traders said. Gold recorded a rise of Rs 500 per tola in a single day trading to hit a new level of Rs 34,500, up from Rs 34,000. The price of 10 gram gold also surged to new high of Rs 29571, up by Rs 403 from Rs 29168 more... (BR)

Politics

Let NRO die its logical death on November 28: Kaira
Information Minister Qamar Zaman Kaira said on Wednesday that any decision on whether President Asif Ali Zardari will resign to face cases in the courts or enjoy immunity will be taken when November 28 comes. "The controversial National Reconciliation Ordinance (NRO) will die its logical death on November 28," he added more... (BR)

US allowed Al Qaeda to enter Fata: Hillary
US Secretary of State Hillary Clinton has conceded that the United States was also responsible for allowing Al Qaeda to enter Pakistan more... (D)

Militants losing ground: ZardariUNSG special envoy calls on President
President Asif Ali Zardari Wednesday said the militants were on a "retreat", following the massive military operation in South Waziristan to rid the area of terrorists more... (FD)

Sector Briefing

Incentives to textilers to go on: minister
Federal Minister for Textile Industries, Rana Farooq Saeed Khan said government will continue incentives for textile industrialists despite high interest rate. In a statement issued here, Federal Minister said that increase in interest rate by State Bank will not affect the textile policy and the incentives given to textile industry will continue more... (FD)

WPI, PPL apply for 40 mmcfd gas from Kandhkot
Pakistan Petroleum Limited (PPL) and Walters Power International (WPI) Limited, of US, have both shown keenness to set up a power plant, and both are competing for allocation of 40 mmcfd additional gas expected from Kandhkot gas field. The decision rests with the Economic Co-ordination Committee of the Cabinet more... (BR)

MQM tells KESC to raise power generation
The power utility was told that over and excessive billing was also a major issue affecting the citizens of Karachi 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
Abdul Majid Butt
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.