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January 06 , 2010
Statistics
KSE-100 Index
Previous Index 9,437.85
Current Index 9,657.38
Change % 2.33%
YTD (CY10) 2.90%
YTD (FY10) 34.80%

International Indicators
  Close %age
BSE-30 17,686.34 0.73%
HANGSENG 22,279.58 2.09%
NIKKEI 255 10,681.83 0.30%
FTSE 5,522.50 0.40%
DJIA 10,572.02 (0.11)%
SSEC 3,243.76 (1.02)%
NASDAQ 2,308.71 0.11%

SCRA
Jan 04, 2010 2.35
December, 2009 (44.96)
YTD 272.35

Money Market Updates
6m T-bill (Dec 30, 2009) 12.10%
12m T-bill (Dec 30, 2009) 12.09%
3m KIBOR 12.28%
6m KIBOR 12.35%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 121.99
Rs/UK 136.09
Rs/US 84.73
Rs/OR 218.37

Commodities
Oil $81.77/barrel
Oil Change in % 0.00%
Gold $1,123.80/ounce
Gold Change in % 0.46%

Inflation
CPI Gen. - YoY (Nov 09) 10.50%
CPI Gen. - FY10 (Jul -Nov 09) 10.30%
NFNE Core INFL - YoY (Nov 09) 10.60%
NFNE Core INFL - FY10 (Jul-Nov 09) 12.00%

Economic Indicators
GDP Growth FY10E 2.00%
Per Capita Income $1,046
Population 168.20mn
US$ Reserves (Dec 26, 2009) 13.96bn
Trade Balance (Jul-Nov 09) $(5.48)bn
Curr. A/C (Jul-Nov- 09) $(1.36)bn
Remittances (Jul -Nov 09) $3.80bn
Foreign Investment (Jul -Nov-09) $1.09bn
All Sch. Banks Deposit Base (Dec 26, 2009) Rs4,325bn

NAVs and Returns
as of Jan 05, 2010
Funds Offer Redemption
POBOP 49.1497/- 48.6582/-
Daily Return 9.42%
POAIIF 50.8463/- 50.3378/-
Daily Return 20.23%
POAIF 53.96/- 52.61/-
Daily Return 329.02%
POASF 57.61/- 56.17/-
Daily Return 321.21%
POAF 10.6263/-
Daily Return 6.74%
*Daily Returns are calculated as per MUFAP guidelines

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

Exporters fail to process $100 million export proceeds
Exporters could not bring back some 100 million dollars export proceeds during last fiscal year mainly due to worst law and order situation and global economic recession more... (BR)

Gas, power tariffs: increase may lead to closure of industrial units
With the frequent upward revision in the prices of gas and electricity, the financial viability of the industry keeps eroding and cost of doing business is increasing, making it difficult to keep industrial units operative in the international market. Industrialists featured that industrial units can not survive and they are bound to close down in near future more... (BR)

Pak-Canadian promotion, protection pact in final stages: BoI seeks provinces' comments
Pakistan-Canada bilateral promotion and protection agreement is in final stages as the Canadian government has sent a draft agreement to the federal government for suggestions, Business Recorder learnt here on Tuesday. For this purpose, the Board of Investment (BoI) has forwarded a letter along with a copy of draft agreement to the Chief Secretaries of Sindh, Punjab, Balochistan and NWFP on January 4, 2010 seeking comments on the agreement on urgent basis more... (BR)

Politics

Gilani warns against any strategic imbalance in region
Prime Minister Syed Yousuf Raza Gilani on Tuesday said Pakistan would counter any negative trend, through "all appropriate means", which attempts at undermining the strategic stability of the region. Addressing the meeting of Defence Committee of the Cabinet (DCC) here at the PM House, Gilani said strategic stability in South Asia was a pre-requisite for enduring peace and prosperity for the people of the region more... (BR)

Nawaz seeks to end politics of 'Sindh card'
Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif on Tuesday vowed to defend the democratic process in the country against any sort of conspiracies. He said he wanted to end the politics based on "Sindh Card" permanently. Speaking at a press conference here, he asked the President to let his party know about the conspiracies and conspirators hatching conspiracies to derail the democratic process, as his party was still unaware about them more... (BR)

Kashmir key to peace in region: Zardari
President Asif Ali Zardari urged the world community on Tuesday to pay attention to the Kashmir issue and expressed the hope that superpowers would take a decision in favour of the people of Kashmir more... (D)

Sector Briefing

NBP to buy NIB stake in NAFA
The Board of Directors of National Bank of Pakistan has approved purchase of NIB Bank’s shareholding of 27 per cent in National Fullerton Asset more... (D)

KESC claims Rs 46 billion dues against government
Karachi Electric Supply Company (KESC) has claimed that the government owes to it Rs 46 billion outstanding dues and said that it has to pay only Rs 18 billion to Pepco, and not Rs 44 billion as claimed by it. The National Assembly standing committee has expressed concerns that KESC has not paid Rs 44 billion to Pepco, which the company on Tuesday termed inflated amount, saying that the government should set its record straight, as the original amount is Rs 18 billion only more... (BR)

National Savings Bonds Rules, 2009 notified
The government on Tuesday notified National Savings Bonds Rules, 2009. In a notice sent to Karachi Stock Exchange (KSE), it has been stated that these rules will be called National Savings Bonds Rules, 2009 and come into force at once 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

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.