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January 08 , 2010
Statistics
KSE-100 Index
Previous Index 9,727.36
Current Index 9,737.47
Change % 0.10%
YTD (CY10) 3.70%
YTD (FY10) 36.00%

International Indicators
  Close %age
BSE-30 17,615.72 (0.48)%
HANGSENG 22,269.45 (0.66)%
NIKKEI 255 10,681.66 (0.50)%
FTSE 5,526.72 (0.10)%
DJIA 10,606.86 0.31%
SSEC 3,254.22 (0.85)%
NASDAQ 2,300.05 (0.05)%

SCRA
Jan 06, 2010 1.26
January, 2010 2.10
YTD 272.10

Money Market Updates
6m T-bill (Dec 30, 2009) 12.10%
12m T-bill (Dec 30, 2009) 12.09%
3m KIBOR 12.26%
6m KIBOR 12.35%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 122.06
Rs/UK 135.70
Rs/US 84.88
Rs/OR 215.99

Commodities
Oil $82.30/barrel
Oil Change in % (0.44)%
Gold $1,125.30/ounce
Gold Change in % (0.74)%

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 (Jan 02, 2010) 15.03bn
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 07, 2010
Funds Offer Redemption
POBOP 49.1742/- 48.6825/-
Daily Return 9.42%
POAIIF 50.8560/- 50.3474/-
Daily Return 7.44%
POAIF 53.98/- 52.63/-
Daily Return 20.82%
POASF 57.68/- 56.24/-
Daily Return (6.49)%
POAF 10.6280/-
Daily Return 12.00%
*Daily Returns are calculated as per MUFAP guidelines

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

Reserves rise to $15.03bn
Pakistan’s foreign exchange reserves rose to $15.03 billion in the week ending on Jan 2 from $13.96 billion in the previous week, boosted by the more... (D)

Euro Sukuk Bond: Pakistan has to pay $600 million at maturity on January 26
Pakistan has to pay $600 million on maturity of five-year Euro Sukuk Bond to foreign buyers on January 26, sources in the banking industry told Business Recorder on Thursday. They said Pakistan entering the international bond market had launched its first-ever Euro Bond in 2004 to dig up foreign exchange and since than the country has auctioned overall $1800 million bonds in the global market more... (BR)

Rupee falls to new low
The rupee fell to a record low on Thursday for the fourth consecutive day because of high demand for dollars to pay for imports, especially oil more... (D)

Politics

Govt against appointment of ad hoc judges in SC
The govt appears to have made up its mind to elevate permanent judges to fill vacancies in the superior courts more... (D)

Drone strikes 'effective' part of US strategy: McCain
The use of drone strikes against suspected militants in Pakistan is an effective part of US strategy and should continue, Republican Senator John McCain said Thursday. His comments came after al Qaeda reportedly said an attack on a US base in eastern Afghanistan which killed seven CIA agents was to avenge drone strikes that have killed prominent militants more... (BR)

US stays focussed on Pak-Afghan region: Pentagon
Pakistan also shared America's views on this issue and regarded the border area as the main front in this war: spokesman more... (D)

Sector Briefing

Changes in OGDC management planned
The govt is working on this plan to improve the performance of the company and increase oil and gas production more... (D)

Lucky Cement hunts for indigenous coal
In quest to save on energy costs in the production of concrete, Lucky Cement has entered into a Memorandum of Understanding (MoU) with M/s more... (D)

Fatima Fertilizer: largest public offer in two years
The public offering of 10 per cent shares in Fatima Fertilizer, the largest share offering in the Pakistan equity market in two years, would 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.