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November 12, 2009
Statistics
KSE-100 Index
Previous Index 8,762.40
Current Index 8,916.18
Change % 1.75%
YTD (CY09) 52.00%
YTD (FY10) 24.50%

International Indicators
  Close %age
BSE-30 16,849.60 2.49%
HANGSENG 22,627.21 1.61%
NIKKEI 255 9,871.68 0.01%
FTSE 5,266.75 0.70%
DJIA 10,291.26 0.43%
SSEC 3,175.19 (0.11)%
NASDAQ 2,166.90 0.74%

SCRA
Nov 10 , 2009 4.68
November, 2009 35.37
YTD 330.31

Money Market Updates
6m T-bill (Nov 04, 2009) 12.55%
12m T-bill (Nov-04, 2009) 12.52%
3m KIBOR 12.74%
6m KIBOR 12.75%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 125.03
Rs/UK 139.49
Rs/US 83.43
Rs/OR 218.06

Commodities
Oil $79.19/barrel
Oil Change in % (0.11)%
Gold $1,119.60/ounce
Gold Change in % 0.45%

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 -Oct 09) $3.10bn
Foreign Investment (Jul -Sep-09) $671.1mn
All Sch. Banks Deposit Base (Oct 31, 2009) Rs4,194bn

NAVs and Returns
as of Nov 11, 2009
Funds Offer Redemption
POBOP 51.7270/- 51.2097/-
Daily Return 9.48%
POAIIF 53.1820/- 52.6502/-
Daily Return 8.15%
POAIF 55.33/- 53.95/-
Daily Return 45.27%
POASF 55.90/- 54.50/-
Daily Return 47.06%
POAF 10.3925/-
Daily Return 11.90%
*Daily Returns are calculated as per MUFAP guidelines

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

July-October remittances cross $3 billion
Remittances by overseas Pakistanis continued to show rising trend as $3,089.77 million was received in the first four months (July-October) of the current fiscal year 2009-10, showing an increase of $743.78 million or 31.70 percent over the same period of last fiscal year more... (BR)

IMF remains single largest lender with $1.2 billion third tranche
The International Monetary Fund (IMF) remained the single largest lender to Pakistan with a 1.2 billion-dollar third tranche injection under the standby arrangement in August 2009, out of a total foreign support of 1.84 billion dollars for the first three months (July-September) of the current fiscal year more... (BR)

SBP accepts Rs 15,398 billion bids for PIBs sale
The State Bank of Pakistan on Wednesday accepted bids of Rs 15,398.631 million for auction of Pakistan Investment Bonds (PIBs) for 3-, 5-,7-,10-,15-,20- and 30-year maturity. At the auction of PIBs the SBP received Rs 35,666.401 million bids for 3-, 5-, 7-, 10-, 15-, 20- and 30-year long-term PIBs more... (BR)

Politics

5,475 in Sindh benefited from NRO: prosecutors asked to provide details of beneficiaries
The Sindh government has directed the District Public Prosecutors (DPPs) to submit the details of beneficiaries of the controversial National Reconciliation Ordinance (NRO) within a week, it is learnt. According to official sources, a meeting of the public prosecutors of all the 28 districts of the province, including five districts of Karachi, was held at the Sindh Assembly building on Tuesday more... (BR)

‘US wants effective partnership with Pakistan'
President Obama said the partnership should ensure that the two countries are not working at cross purposes more... (D)

Gunmen kill Pakistani working at Iranian Consulate
Abul Hasan Jaffri was working as the director of public relations at the Iranian Consulate in Peshawar more... (D)

Sector Briefing

Oil, gas production: MOL's processing facility in Manzalai likely to be operational by December
MOL, an oil and gas exploration company, on Wednesday announced to make central processing facility (CPF) operational in Manzalai, district Karak, NWFP, formalising natural gas supply of 250 mmcfd in the national transmission system more... (BR)

Power tariff to be raised by 1.6pc, IMF informed
IMF team had expressed concerns that non-productive expenditures of the energy sector remained high more... (D)

Refiners' sales drop 9.9pc in 4MSurge 13.2pc in October MoM
Country's refineries off-take declined by 9.9 per cent to 2.84 million tonnes in first four months of the current fiscal year (4MFY10) as against 3.15 million tonnes recorded in same period last year, as per the latest The Oil Companies Advisory Committee (OCAC) mainly due to lower gross refinery margins and liquidity constraints more... (FD)

(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

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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.