BasedLine
LOGO
November 11, 2009
Statistics
KSE-100 Index
Previous Index 8,936.48
Current Index 8,762.40
Change % (1.95)%
YTD (CY09) 49.40%
YTD (FY10) 22.30%

International Indicators
  Close %age
BSE-30 16,440.56 (0.35)%
HANGSENG 22,268.16 0.27%
NIKKEI 255 9,870.73 0.60%
FTSE 5,230.55 (0.10)%
DJIA 10,246.97 0.20%
SSEC 3,178.61 0.10%
NASDAQ 2,151.08 (0.14)%

SCRA
Nov 06 , 2009 5.21
November, 2009 30.70
YTD 325.63

Money Market Updates
6m T-bill (Oct 21, 2009) 12.60%
12m T-bill (Oct 21, 2009) 12.61%
3m KIBOR 12.74%
6m KIBOR 12.76%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 125.25
Rs/UK 140.13
Rs/US 83.64
Rs/OR 217.14

Commodities
Oil $78.86/barrel
Oil Change in % (0.24)%
Gold $1,109.10/ounce
Gold Change in % 0.60%

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 31, 2009) 14.23bn
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 10, 2009
Funds Offer Redemption
POBOP 51.7141/- 51.1970/-
Daily Return 26.67%
POAIIF 53.1706/- 52.6389/-
Daily Return 7.55%
POAIF 55.13/- 53.75/-
Daily Return (27.10)%
POASF 55.68/- 54.29/-
Daily Return (35.75)%
POAF 10.3893/-
Daily Return 14.16%
*Daily Returns are calculated as per MUFAP guidelines

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

Japan to aid $2bn in next 5 yearsPledges $5bn assistance for Afghanistan
The government of Japan has approved $2 billion aid for Pakistan which it will receive through instalments in next five years. Afghanistan will receive $5 billion while Pakistan $2 billion to rehabilitate the areas which have been affected in the war against terrorism. The aid will start from next year and will be completed in five-year duration. Japanese Cabinet has shown its consent about the aid more... (FD)

Govt to receive over $500mn in current quarter: Hina
The minister said that Pakistan would get $174 million from the US and more than $300 million from Saudi Arabia more... (D)

Three loan pacts for $380 million signed with Saudi Arabia
Saudi Arabia has pledged to extend assistance amounting to $380 million to Pakistan for budgetary support, import of urea and co-financing for Neelum Jhelum Hydropower Project. The two countries on Tuesday signed three loan agreements in this regard more... (BR)

Politics

Government formally withdraws NRO
The government has submitted a formal request to the national assembly speaker seeking to withdraw the NRO more... (D)

Validation of Competition Ordinance by November 28: CCP seeks Parliamentary sanction
The Chairman of Competition Commission of Pakistan (CCP), Khalid Mirza, has urged the government to get the Competition Commission Ordinance 2007 validated from the Parliament, or it would be disastrous for the economy and a conspiracy against the general public more... (BR)

Pak realises need to go beyond S. Waziristan: Hillary
‘The US believes that Pakistan understands the need to maintain pressure on militants in other areas too.’ more... (D)

Sector Briefing

NSS plans listing of bonds on KSE in DecTanzelur Rehman
The National Savings Scheme is looking to launch trading bonds in the country's stock markets by December this year, while the formal business is expected to start from January 2010. Zafar Sheikh, Director General NSS, told media persons here Tuesday that now anybody can buy and sell these bonds from the stock exchanges and added that their minimum lot would be 20,000 more... (FD)

Notices issued to five fertiliser companies
Chairman Competition Commission of Pakistan Khalid Mirza has said that the CCP has issued show cause notices to five leading fertiliser companies for, prima facie, linking sale of Urea with other fertilisers like Diammonium Phosphates (DAP) or its substitutes more... (BR)

Use of petroleum products rises by 30pc in October
Consumption of petroleum products increased by 30 percent during month of October in Pakistan, reported a private TV news channel 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.