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November 13, 2009
Statistics
KSE-100 Index
Previous Index 8,916.18
Current Index 8,924.24
Change % 0.09%
YTD (CY09) 52.20%
YTD (FY10) 24.60%

International Indicators
  Close %age
BSE-30 16,696.03 (0.91)%
HANGSENG 22,397.57 (1.01)%
NIKKEI 255 9,804.49 (0.68)%
FTSE 5,276.50 0.19%
DJIA 10,199.28 (0.89)%
SSEC 3,172.95 (0.07)%
NASDAQ 2,150.77 (0.74)%

SCRA
Nov 11 , 2009 0.05
November, 2009 35.42
YTD 330.36

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 125.21
Rs/UK 138.54
Rs/US 83.60
Rs/OR 217.98

Commodities
Oil $76.84/barrel
Oil Change in % (0.13)%
Gold $1,105.40/ounce
Gold Change in % (0.11)%

Inflation
CPI Gen. - YoY (Oct 09) 8.90%
CPI Gen. - FY10 (Jul -Oct 09) 10.20%
NFNE Core INFL - YoY (Oct 09) 11.00%
NFNE Core INFL - FY10 (Jul-Oct 09) 12.40%

Economic Indicators
GDP Growth FY10E 2.00%
Per Capita Income $1,046
Population 167.63mn
US$ Reserves (Nov 07, 2009) 14.27bn
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 12, 2009
Funds Offer Redemption
POBOP 51.7401/- 51.2227/-
Daily Return 9.71%
POAIIF 53.1934/- 52.6615/-
Daily Return 8.15%
POAIF 55.36/- 53.98/-
Daily Return 6.77%
POASF 55.97/- 54.57/-
Daily Return 15.63%
POAF 10.3959/-
Daily Return 12.68%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF sees recovery for Pakistan with risks
Pakistan's economy is showing signs of recovery but risks remain, the International Monetary Fund said on Thursday, and the country said it was readying its first foray onto international debt markets since 2007. The IMF bailed out Pakistan in 2008 to avert a balance of payments crisis that, allied to budget and political concerns, had undermined investors' faith in a country central to US efforts to confront al Qaeda and settle a volatile region more... (BR)

Third IMF tranche of $1.2bn by mid-Dec: Tarin
The finance minister said Pakistan was on track in terms of its economic targets including those for the budget deficit more... (D)

October trade deficit narrows to $1.37 billion
Pakistan’s trade deficit narrowed to $1.37 billion in October compared with $1.98 billion in October last year, the Federal Bureau of Statistics said on Thursday more... (D)

Politics

PPP in sight of majority in Gilgit-Baltistan
The first elections of the region were held largely peacefully with no major incident of violence reported during the polling more... (D)

Suicide blast hits Nato military base in Kabul
An Afghan police source said the blast was caused by a suicide bomber and the area has been sealed off more... (D)

Nawaz calls for probe into submarine deal
‘The names of civil and military leaders who had received kickbacks must be made public,’ said the PML-N chief more... (D)

Sector Briefing

Three oil refining companies to boost capacity
A refinery will be set up at Port Qasim and two others in Balochistan as companies take advantage of govt incentives more... (D)

Bond sales under study, says Tarin
Pakistan is considering issues of Islamic bonds and Eurobonds, while the International Monetary Fund believes the country's economy remains at risk despite some progress, its finance minister said on Thursday. Pakistan could tap debt markets as early as the first or second quarter of 2010 with one or more issues, the minister told Reuters in an interview in the United Arab Emirates more... (BR)

Qadirpur gasfield: Ministry directed to resolve technical, other issues
The Federal Cabinet has directed the Ministry of Petroleum and Natural Resources (MoPNR) to take remedial measures to resolve problems, including technical flaws, currently being faced by the Qadirpur gasfield. The gasfield might run dry in early June 2010 if remedial measures were not taken immediately, sources told Business Recorder on Thursday 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
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.