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January 11 , 2010
Statistics
KSE-100 Index
Previous Index 9,737.47
Current Index 9,776.21
Change % 0.40%
YTD (CY10) 4.10%
YTD (FY10) 36.50%

International Indicators
  Close %age
BSE-30 17,540.29 (0.43)%
HANGSENG 22,296.75 0.12%
NIKKEI 255 10,798.32 1.09%
FTSE 5,534.20 0.14%
DJIA 10,618.19 0.11%
SSEC 3,196.00 0.10%
NASDAQ 2,317.17 0.74%

SCRA
Jan 08, 2010 1.34
January, 2010 9.44
YTD 279.44

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 12.36%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 122.40
Rs/UK 136.12
Rs/US 85.01
Rs/OR 220.10

Commodities
Oil $82.75/barrel
Oil Change in % 0.11%
Gold $1,138.90/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 (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 (Jan 02, 2010) Rs4,416bn

NAVs and Returns
as of Jan 07, 2010
Funds Offer Redemption
POBOP 49.2039/- 48.7119/-
Daily Return 13.93%
POAIIF 50.8886/- 50.3797/-
Daily Return 17.71%
POAIF 54.18/- 52.83/-
Daily Return 0.00%
POASF 57.81/- 56.36/-
Daily Return 6.48%
POAF 10.6312/-
Daily Return 1.04%
*Daily Returns are calculated as per MUFAP guidelines

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

SPI inflation surges to 16.9 per cent
The SPI inflation surged to 16.92 per cent in the week ending on Jan 7 over the same period last year for the combined group, said the data more... (D)

External debt to rise by 43pc in five years
According to the IMF, the debt will increase by about 13 per cent by the end of the current fiscal year more... (D)

Foreigners invest $9.73mn in boursesLocal individuals eject $15.1mn last week
With growing confidence of offshore investors in the country's political situation and new allocation of funds from abroad, net inflow of portfolio investment in the country's equity market worth $9.73 million was recorded in first week of the New Year, as per the National Clearing Company of Pakistan Limited (NCCPL) data more... (FD)

Politics

Pakistan army may move into North Waziristan: US Senator
A senator who's just visited Pakistan says Pakistan's military may be considering a move into the militant stronghold of North Waziristan. Sen. Joe Lieberman says the Pakistani army is on the move and there's a possibility the US will see activity in that volatile northern region more... (BR)

Karachi violence: Miliband for political solution
British Foreign Secretary David Miliband on Sunday condemned the recent killings in financial hub of Karachi and called on negotiations between political parties in a bid to reverse the tide of violence. More than 50 people have been killed in the port city of around 18 million people since Thursday - most of them affiliated with the feuding ruling political allies more... (BR)

Pakistan, China stability interconnected: Ambassador
Pakistan's ambassador to China Masood Khan on Sunday said that the stability of China and Pakistan are interconnected, as both the countries believe in peace and stability of the region more... (BR)

Sector Briefing

KESC authorised to run up power tariff, tariff for Agri customers would be Rs4.75/unit
l Industrial customers to be charged Rs7.76/unit l Customers using 100 to 300 units to be charged Rs5. 89/unit l New tariff to take effect from July 1, 2010 more... (FD)

Construction of Diamer-Bhasha Dam to start this year: Wapda chief
After international competitive bidding, construction work on Diamer-Bhasha Dam Project will start in October this year. The project, on its completion, will store 6.4 million-acre feet (MAF) of water for agriculture besides generating 4500-MW of low-cost hydel electricity more... (BR)

Two key events today: tapping non-bank sources of financing
Two key events are slated for today - the launch of National Savings Bonds by Finance Minister Shaukat Tarin at Islamabad and the launch of Electronic Bond Trading Platform by State Bank of Pakistan governor Salim Raza at Karachi 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.