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January 19 , 2010
Statistics
KSE-100 Index
Previous Index 9,923.14
Current Index 9,895.46
Change % (0.28)%
YTD (CY10) 5.40%
YTD (FY10) 38.20%

International Indicators
  Close %age
BSE-30 17,641.00 0.50%
HANGSENG 21,460.01 (0.90)%
NIKKEI 255 10,855.08 (1.16)%
FTSE 5,455.37 (0.80)%
DJIA 10,609.65 (0.94)%
SSEC 3,237.10 0.40%
NASDAQ 2,287.99 (1.24)%

SCRA
Jan 15, 2010 (0.62)
January, 2010 12.49
YTD 282.49

Money Market Updates
6m T-bill (Jan 14, 2010) 12.05%
12m T-bill (Jan 14, 2010) 12.05%
3m KIBOR 12.23%
6m KIBOR 12.30%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 121.24
Rs/UK 137.62
Rs/US 84.43
Rs/OR 215.61

Commodities
Oil $78.28/barrel
Oil Change in % 0.36%
Gold $1,136.90/ounce
Gold Change in % 0.28%

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 -Dec-09) $1.28bn
All Sch. Banks Deposit Base (Jan 09, 2010) Rs4,351bn

NAVs and Returns
as of Jan 18, 2010
Funds Offer Redemption
POBOP 47.9649/- 47.4853/-
Daily Return 9.71%
POAIIF 49.9923/- 49.4924/-
Daily Return 7.58%
POAIF 53.59/- 52.25/-
Daily Return (6.98)%
POASF 58.38/- 56.92/-
Daily Return (12.82)%
POAF 10.6179/-
Daily Return 8.42%
*Daily Returns are calculated as per MUFAP guidelines

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

PSDP: five ministries/departments got only 27 percent of allocation
The five ministries/departments including Pakistan Atomic Energy Commission (PAEC) on Monday claimed that the Finance Ministry has released Rs 27.1 billion funds ie, 27 percent of the total allocation of Rs 100.4 billion for the first half (July-December) of the current financial year 2009-10 more... (BR)

Meeting reviews preparations for FoDP moot in Dubai
A meeting of the Friends of Democratic Pakistan (FoDP) countries' missions held on Monday here at the Foreign Office reviewed preparations for the upcoming FoDP's Public-Private Partnership Conference being held in Dubai on January26. The meeting was chaired by Abdul Basit, Additional Secretary and Spokesman of the Ministry of Foreign Affairs more... (BR)

Two power projects inaugurated: energy crisis being eased, says Zardari
President Asif Ali Zardari has told business community that government is trying to resolve the issues of loadshedding of electricity and gas on a priority basis more... (BR)

Politics

Progress made by Pakistan in Swat impressive: US
US special envoy to Pakistan and Afghanistan Richard Holbrooke said on Monday that he was impressed with the progress made by Pakistan in Swat. "I was in Swat a few days ago and I was very impressed with the progress and they have done things in South Waziristan. But there are other issues that we have talked about, which I hope will see more actions," Holbrooke said talking to newsmen more... (BR)

PML-N ministers avoid Governor's House event
The ministers were ready to attend the ceremony when a message from CM Shahbaz forced them to change their plan more... (D)

All four attackers were Indians: Kasab
Ajmal Kasab, an under-trial in Mumbai terror case said on Monday that all the four attackers on Taj Hotel in November 2008 were Indians. Kasab told Tahaliyani, judge of the special court in Mumbai that Abu Ismail who was killed was from Mumbai. Kasab had already told judge that he did not know about the attack on Mumbai as he was in the custody of police at that time. The proceedings of the court are expected to continue in the next two or three months more... (BR)

Sector Briefing

Refineries may reject proposed oil pricing formula
The oil refineries may jointly reject the proposed oil pricing formula devised by a committee on oil pricing, which suggests fixing foreign exchange value at Rs 83 per dollar to determine the ex-refinery price, Business Recorder learnt on Monday. Sources told Business Recorder that the new proposed formula would be presented before an expert committee on oil pricing, which is scheduled to meet on Tuesday (today) more... (BR)

Lotte Group explores investment opportunities
Lotte, the South Korean conglomerate, is set to explore investment opportunities in Pakistan. In Sept last year, KP Chemicals a subsidiary of more... (D)

BankIslami proposes merger with EGIBL
The Board of Directors of BankIslami Pakistan Limited has decided to enter into a memorandum of understanding (MOU) with the Emirates Global Islamic Bank Limited, Pakistan (EGIBL) in relation to a proposed acquisition/merger of the EGIBL with BankIslami in such a way that BankIslami remains the surviving entity 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.