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January 12 , 2010
Statistics
KSE-100 Index
Previous Index 9,776.21
Current Index 9,797.00
Change % 0.21%
YTD (CY10) 4.40%
YTD (FY10) 36.80%

International Indicators
  Close %age
BSE-30 17,526.71 (0.08)%
HANGSENG 22,411.52 0.51%
NIKKEI 255 10,798.32 1.09%
FTSE 5,538.07 0.10%
DJIA 10,663.99 0.43%
SSEC 3,212.75 0.52%
NASDAQ 2,312.41 (0.21)%

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 123.26
Rs/UK 136.57
Rs/US 84.88
Rs/OR 216.95

Commodities
Oil $81.98/barrel
Oil Change in % (0.65)%
Gold $1,153.40/ounce
Gold Change in % 0.17%

Inflation
CPI Gen. - YoY (Dec 09) 10.50%
CPI Gen. - FY10 (Jul -Dec 09) 10.30%
NFNE Core INFL - YoY (Dec 09) 10.70%
NFNE Core INFL - FY10 (Jul-Dec 09) 11.80%

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-Dec 09) $(6.80)bn
Curr. A/C (Jul-Nov- 09) $(1.36)bn
Remittances (Jul -Dec 09) $4.53bn
Foreign Investment (Jul -Nov-09) $1.09bn
All Sch. Banks Deposit Base (Jan 02, 2010) Rs4,416bn

NAVs and Returns
as of Jan 11, 2010
Funds Offer Redemption
POBOP 47.8796/- 47.4008/-
Daily Return (99.31)%
POAIIF 49.9229/- 49.4237/-
Daily Return (96.97)%
POAIF 53.32/- 51.99/-
Daily Return (290.18)%
POASF 57.86/- 56.41/-
Daily Return 16.19%
POAF 10.6305/-
Daily Return (1.19)%
*Daily Returns are calculated as per MUFAP guidelines

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

$1.8 billion expected from FoDP by June
Finance Minister Shaukat Tarin on Monday said the delay in $1.3 billion Coalition Support Fund (CSF) by the US would increase the budget deficit. The minister, who was replying to questions after the launch of National Saving Bonds, said the US promised to release $1.3 billion in the ongoing fiscal year but the delay would cast negative impact on the budget more... (BR)

July-December remittances rise to $4.531 billion
Remittances sent home by overseas Pakistanis rose to $4.531 billion during first half (July-December) of the current fiscal year, showing an increase of $891.07 million, or 24.48 percent, over the same period of last fiscal year. The amount of 4.531 billion dollars includes 0.99 million dollars received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs) more... (BR)

CPI inflation swells by 10.31 percent during July-December
The CPI inflation swelled by 10.31 percent during July-December 2009-10 against the budgetary target of 9.5 percent for the ongoing fiscal, which may go further up in the days ahead. Official figures on inflation released by the Federal Bureau of Statistic here on Monday showed that Wholesale Price Index (WPI) and Sensitive Price Indicator (SPI) increased by 5.25 percent and 9.76 percent respectively during the period under review as compared to the same period of last year more... (BR)

Politics

Row in NA over ‘fightback' by Zardari
The government and the opposition crossed swords over a perceived political fightback by President Asif Ali Zardari at the start of a more... (D)

Yasin proposes setting up of Kashmir body: representatives of major parties of Pakistan and India meet
Speakers at Pak-India peace conference here on Monday called for resolution of Kashmir issue for peace in the region. A group of Kashmiri Pandits tried to disrupt the proceedings of the conference when JKLF leader Yasin Malik rose to speak on Kashmir issue. They raised slogans against him more... (BR)

India test-fires air-to-air missile
India, in continuation to its aggressive designs in the South Asia, test-fired beyond visual range (BVR) air-to-air missile --named Astra-- Monday at Integrated Test Rage (ITR) at Chandipur in Orissa state. The missile was fired from a launcher in the launch pad No2 of the ITR complex at about 09:45 am, Indian television channel reported quoting defence sources more... (FD)

Sector Briefing

Car sales surge by 34 per cent
Sale of locally assembled cars spiked in July-Dec 2009 despite high mark-up rates, inflation and poor security situation more... (D)

Efforts on to press OGDC to part with Sara West gas field
After failing to sell Zin field located in Balochistan province to a private company, a certain lobby in government quarters is pressing the Oil and Gas Development Company (OGDC) to farm out Sara West gas field situated in Khairpur district, Sindh, to a local company, Saif Energy Limited, a consultant operator of the field, Business Recorder has learnt more... (BR)

Overcharging: Ogra issuing show-cause notices to POL dealers
The Oil and Gas Regulatory Authority (Ogra) has started issuing show-cause notices to petrol pump owners, allegedly involved in overcharging on prices of petroleum products and shortage. Petroleum Dealers Association (PDA) Chairman Abdul Sami said on Monday that petrol pumps, involved in overcharging and shortage, could face both penalties and cancellation of licences 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.