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December 01, 2009
Statistics
KSE-100 Index
Previous Index 9,204.57
Current Index 9,206.21
Change % 0.02%
YTD (CY09) 57.00%
YTD (FY10) 28.50%

International Indicators
  Close %age
BSE-30 16,926.22 1.77%
HANGSENG 21,821.50 3.25%
NIKKEI 255 9,315.92 2.60%
FTSE 5,190.68 (1.10)%
DJIA 10,344.84 0.34%
SSEC 3,195.30 3.20%
NASDAQ 2,144.60 0.29%

SCRA
Nov 25 , 2009 (7.93)
November, 2009 20.29
YTD 315.23

Money Market Updates
6m T-bill (Nov 18, 2009) 12.33%
12m T-bill (Nov-18, 2009) 12.22%
3m KIBOR 12.33%
6m KIBOR 12.41%
10 yrs PIB 12.62%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 126.19
Rs/UK 139.41
Rs/US 83.65
Rs/OR 215.88

Commodities
Oil $77.15/barrel
Oil Change in % (0.17)%
Gold $1,178.70/ounce
Gold Change in % (0.30)%

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 14, 2009) 14.12bn
Trade Balance (Jul-Oct 09) $(4.47)bn
Curr. A/C (Jul-Oct- 09) $(1.07)bn
Remittances (Jul -Oct 09) $3.10bn
Foreign Investment (Jul -Oct-09) $910.2mn
All Sch. Banks Deposit Base (Nov 21, 2009) Rs4,211bn

NAVs and Returns
as of Nov 26, 2009
Funds Offer Redemption
POBOP 51.9843/- 51.4645/-
Daily Return 9.74%
POAIIF 53.2637/- 52.7311/-
Daily Return 8.59%
POAIF 55.82/- 54.42/-
Daily Return 40.29%
POASF 56.31/- 54.90/-
Daily Return 0.00%
POAF 10.4461/-
Daily Return 15.00%
*Daily Returns are calculated as per MUFAP guidelines

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

Annual Report-2009: World Bank approves $500 million for regaining economic stability
The World Bank has approved $500 million to support the government programme to regain and maintain economic stability and steer the economy back onto a higher growth path. According to the WB Annual Report-2009, the Bank focused on helping South Asian countries cope with the impact of the global economic crisis. In Pakistan, the Bank approved $500 million to help the government put the economy back on track for attaining the higher growth target more... (BR)

Germany to enhance aid to 125 million euros: nation to hear good news on Kashmir issue: Gilani
Germany has agreed to enhance the development assistance to Pakistan from 80 million euros to 125 million euros to help strengthen Pakistan's economy and to wipe out terrorism and extremism from the country. The two sides will sign the new version of the Bilateral Investment Treaty to enhance co-operation in economy, defence, education, vocational education and other sectors more... (BR)

Dubai official: Dubai World's debt its own
The emirate will not guarantee Dubai world’s $60bln debt, a move that is sure to spook investors in the region more... (D)

Politics

I run the country, not Zardari: PM Gilani
The Prime Minister made the statement while addressing the German Press, but downplayed rumours of a rift more... (D)

Obama offers Pakistan expanded partnership: Washington Post
President Barack Obama has offered Pakistan an expanded strategic partnership, including additional military and economic co-operation, as the US seeks closer collaboration with the country against extremist groups operating along Pakistan-Afghanistan border. The Washington Post reported on Monday that the offer also includes an effort to help reduce tensions between Pakistan and India more... (BR)

India not sincere about talks, says Gilani
PM Gilani said that attempts by Pakistan to normalise relations between the two countries were being stalled more... (D)

Sector Briefing

Kapco accused of withholding payment to PSO
Pakistan State Oil (PSO) has accused Kot Addu Power Company Limited (Kapco) of financing its working capital requirements by withholding the payment due to the former, official sources told Business Recorder on Thursday more... (BR)

Petroleum product prices raised
In line with rising oil prices in the international market, the government has raised the petroleum oil products' prices by an amount ranging from Rs 4.37 per litre to Rs 5.61 per litre in the country for the month of December 2009 more... (BR)

Govt to raise Rs60bn for power generation Power demand may hike to 20,000MW in 2011
As power demand is feared to shoot up to 20,000MW in 2010-11, massive power shortage is in the offing in next couple of years, but government is evolving strategies with export credit agencies (ECAs) to set up Rs59.775 billion power plants for fighting the power crisis 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.