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January 25, 2010
Statistics
KSE-100 Index
Previous Index 9,753.84
Current Index 9,777.59
Change % 0.24%
YTD (CY10) 4.20%
YTD (FY10) 36.50%

International Indicators
  Close %age
BSE-30 16,859.68 (1.12)%
HANGSENG 20,726.18 (0.65)%
NIKKEI 255 10,590.55 (2.56)%
FTSE 5,303.00 (0.60)%
DJIA 10,172.98 (2.09)%
SSEC 3,128.59 (0.96)%
NASDAQ 2,205.29 (2.67)%

SCRA
Jan 22, 2010 1.77
January, 2010 17.26
YTD 287.26

Money Market Updates
6m T-bill (Jan 14, 2010) 12.05%
12m T-bill (Jan 14, 2010) 12.05%
3m KIBOR 12.20%
6m KIBOR 12.26%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 119.51
Rs/UK 136.36
Rs/US 84.65
Rs/OR 219.48

Commodities
Oil $74.60/barrel
Oil Change in % 0.08%
Gold $1,101.00/ounce
Gold Change in % 0.82%

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 16, 2010) 15.24bn
Trade Balance (Jul-Dec 09) $(6.80)bn
Curr. A/C (Jul-Dec- 09) $(1.76)bn
Remittances (Jul -Dec 09) $4.53bn
Foreign Investment (Jul -Dec-09) $1.28bn
All Sch. Banks Deposit Base (Jan 16, 2010) Rs4,363bn

NAVs and Returns
as of Jan 23, 2010
Funds Offer Redemption
POBOP 47.5756/- 47.0998/-
Daily Return (96.48)%
POAIIF 50.0521/- 49.5516/-
Daily Return 17.08%
POAIF 53.16/- 51.83/-
Daily Return 63.49%
POASF 57.71/- 56.27/-
Daily Return 19.47%
POAF 10.6353/-
Daily Return 41.94%
*Daily Returns are calculated as per MUFAP guidelines

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

In spite of getting $6.5 billion SBA: Pakistan still weak, says IMF official
Despite drawing $6.5 billion from IMF's Stand-By Arrangement (SBA), Pakistan is still weak in implementing structural reforms like tax reforms and financial sector reforms, said Paul Ross, IMF Resident Representative in Pakistan, in an exclusive interview with Business Recorder more...

UAE to host FoDP moot ABU DHABI:UAE
Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan will chair the 'Friends of Democracy in Pakistan' conference in Dubai on Tuesday (tomorrow). Pakistan's Foreign Minister and the representatives of participating countries will be present at the conference to be held in Dubai more... (FD)

LSM up 0.66pc for 5M
Large Scale Manufacturing (LSM) grew by a negligible 0.66 per cent during the first five months of the current financial year (5MFY10) due to higher consumption of food stuff and better production of automobile and cement sectors, according to data released by Federal Bureau of Statistics (FBS) more... (FD)

Politics

Seeking implementation of Supreme Court verdict on NRO: lawyers pursue protest campaign
The Supreme Court Bar Association (SCBA) President Qazi Anwar said that lawyers would go on strike throughout the country on January 28. He was talking to media here on Sunday more... (BR)

Conspirators desire that army take over control: this would not happen: Prime Minister
Prime Minister Yousuf Raza Gilani has said that there will be no clash between the judiciary and the administration, and every institution would work under its own circle, without disturbing any other institution more... (BR)

Osama bin Laden claims Dec. 25 US plane attempt
A purported audio tape of Osama bin Laden aired on Al Jazeera television claimed responsibility for a December 25 attempted bombing of a US-bound plane, and the al Qaeda leader vowed to continue attacks on the United States more... (D)

Sector Briefing

Ex-refinery pricing: government may revert to 'guaranteed return formula'
The government may again revert to the 'guaranteed return formula' by making some amendments to determining ex-refinery price after facing strong resistance from oil refineries on elimination of existing 7.5 percent 'deemed duty' on high speed diesel (HSD) more... (BR)

Pepco asked to prepare 10-year plan: available gas to be diverted to KESC
The Cabinet Committee on Energy Crisis (CCEC) which met with Minister for Water and Power Raja Pervez Ashraf in the chair here on Saturday restricted its business to the issues relating to KESC. "The minister's panel neither discussed the problem of inter-circular debt which has put the whole energy sector at risk, nor the extremely controversial Rental Power Plants (RPPs)," said one of the officials present in the meeting more... (BR)

Engro's profit before tax soars to Rs 5.214 billion
Before taxation profit of Engro Corporation increased to Rs 5.214 billion in the year ended December 31, 2009 as compared to Rs 5.204 billion in the same period in 2008. However, the company's after tax profit has declined to Rs 3.957 billion in this period against Rs 4.240 billion earned in the same period a year back 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
Rafey Ahmed 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.