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January 15 , 2010
Statistics
KSE-100 Index
Previous Index 9,784.85
Current Index 9,802.45
Change % 0.18%
YTD (CY10) 4.43%
YTD (FY10) 36.86%

International Indicators
  Close %age
BSE-30 17,584.87 0.43%
HANGSENG 21,716.95 (0.65)%
NIKKEI 255 10,907.68 1.60%
FTSE 5,498.20 0.45%
DJIA 10,710.55 0.28%
SSEC 3,215.55 1.35%
NASDAQ 2,316.74 0.38%

SCRA
Jan 13, 2010 2.22
January, 2010 11.82
YTD 281.82

Money Market Updates
6m T-bill (Jan 14, 2010) 12.05%
12m T-bill (Jan 14, 2010) 12.05%
3m KIBOR 12.24%
6m KIBOR 12.32%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 123.35
Rs/UK 138.22
Rs/US 84.88
Rs/OR 216.22

Commodities
Oil $79.01/barrel
Oil Change in % (0.48)%
Gold $1,137.70/ounce
Gold Change in % (0.46)%

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 09, 2010) 15.20bn
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 09, 2010) Rs4,351bn

NAVs and Returns
as of Jan 14, 2010
Funds Offer Redemption
POBOP 47.9163/- 47.4371/-
Daily Return 9.76%
POAIIF 49.9524/- 49.4529/-
Daily Return 7.58%
POAIF 53.55/- 52.21/-
Daily Return 70.04%
POASF 58.15/- 56.70/-
Daily Return 148.66%
POAF 10.6275/-
Daily Return (12.53)%
*Daily Returns are calculated as per MUFAP guidelines

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

Forex reserves rise to $15.2 billion
The country’s foreign exchange reserves were boosted by inflows from development banks, said an SBP official more... (D)

Work on Diamer-Bhasha dam to begin this year'
Water and Power Minister Raja Pervez Ashraf said the Asian Development Bank had assured financing for the project more... (D)

MTBs, PIBs auctions: non-competitive bids tender procedure revised
The State Bank of Pakistan has revised the procedure for tender/acceptance of non-competitive bids for the auction of Market Treasury Bills and Pakistan Investment Bonds. According to a FSCD Circular No 1 issued on Thursday by the SBP, the non-competitive bid will be sent to the SBP separately from the normal bids before commencement of primary auction time with the name and amount of investors without quoting price through primary dealers more... (BR)

Politics

US Senator scolds leaders over drone criticisms
A top Senate ally of President Barack Obama sharply scolded Pakistan's leaders on Wednesday, charging them with privately supporting the very US drone strikes they have publicly denounced. US Senate Armed Services Committee chairman Carl Levin, fresh from a trip to Pakistan and Afghanistan, told reporters on a conference call that he was "very unhappy" with the vocal criticism from top officials in Islamabad more... (BR)

Zardari reposes trust in Sharifs
The president also emphasised on saving the system and nurturing it to a point where an elected government felt secure more... (D)

General Kapoor's statement unfriendly, repugnant to regional peace: China
Chinese Ambassador to Pakistan, Lau Zhaohui has expressed his concern over the statement of Indian Chief of Army Staff, Deepak Kapoor that it can take on Pakistan and China at the same time, what he termed, "as very unfriendly" remark. Talking to private News channel, he said that his statement adversely affected regional peace and security and did not help Sino-lndia relations more... (BR)

Sector Briefing

Judicial Commission's recommendations: new oil pricing formula finalised
A new oil pricing formula following the recommendations of the Judicial Commission has been finalised by a committee, comprising oil experts and economists, headed by the Petroleum Secretary. Under the new formula, oil prices will be reduced by 7.4 percent - up to Rs 5.84 per litre based on prices effective from January 1, 2010, Business Recorder learnt here on Thursday more... (BR)

Rs114bn PIA budget okayed
PIA’s board of directors in its meeting on Thursday approved Rs114 billion corporate budget for the year 2010 which is 20 per cent higher more... (D)

Fatima Fertilizer oversubscribed by 4.18pc
The book building process of Fatima Fertilizer Company witnessed an overwhelming response from the high-net-worth individuals and institutional investors as bids of 595.5 million shares have been received during four days oversubscribing by around 4.18 times with a strike price of Rs14.10 per share 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.