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February 01, 2010
Statistics
KSE-100 Index
Previous Index 9,579.81
Current Index 9,579.81
Change % 0.36%
YTD (CY10) 2.42%
YTD (FY10) 34.24%

International Indicators
  Close %age
BSE-30 16,357.96 0.31%
HANGSENG 20,121.99 (1.15)%
NIKKEI 255 10,198.04 (2.08)%
FTSE 5,188.50 0.83%
DJIA 10,067.33 (0.52)%
SSEC 2,989.29 (0.16)%
NASDAQ 2,147.35 (1.45)%

SCRA
Jan 29, 2010 2.22
January, 2010 16.74
YTD 286.74

Money Market Updates
6m T-bill 27-Jan-10 11.897%
12m T-bill 27-Jan-10 12.015%
3m KIBOR 12.18%
6m KIBOR 12.23%
10 yrs PIB 12.49%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 117.56
Rs/UK 135.62
Rs/US 85.00
Rs/OR 219.42

Commodities
Oil $72.71/barrel
Oil Change in % (0.25)%
Gold $1,080.40/ounce
Gold Change in % (0.31)%

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 23, 2010) 15.10bn
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 23, 2010) Rs4,363bn

NAVs and Returns
as of Jan 30, 2010
Funds Offer Redemption
POBOP 47.6544/- 47.1779/-
Daily Return 9.90%
POAIIF 50.1391/- 49.6377/-
Daily Return 5.44%
POAIF 52.83/- 51.51/-
Daily Return (7.08)%
POASF 57.05/- 55.62/-
Daily Return 0.00%
POAF 10.6540/-
Daily Return 11.59%
*Daily Returns are calculated as per MUFAP guidelines

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

THE RUPEE: dollar hits new high
The rupee tumbled versus dollar after crossing 86 mark for a dollar on the open market and hit 85 mark on interbank market during the week ended on January 30, 2010. However, it is quite likely that the rupee may resist sharp decline in near future more... (BR)

SBP keeps interest rate unchanged
The central bank kept the primary interest rates unchanged at 12.5 per cent to stabilise the double-digit inflation more... (D)

IMF plans $100 billion fund to help poor mitigate climate effect
The IMF is working to create a 100 billion dollar Green Fund to help countries mitigate the effects of climate change, the agency said on its website Sunday more... (BR)

Politics

PML-N ambiguous on president's immunity
The party has been deliberately keeping its stance on the immunity vague so as to gain political mileage from the situation more... (D)

Killings in Karachi: Prime Minister seeks report from Sindh government
Prime Minister Syed Yusuf Raza Gilani asked for a report from the Sindh government on the recent incidents of killing in Karachi and on the situation arising out of these incidents more... (BR)

Terrorists want to derail democracy: minister
Sindh Minister for Environment and Alternative Energy, Shaikh Muhammad Afzal said the acts of terrorism are the conspiracy to de-stabilise economy and derail the democracy in the country. In a press statement issued here on Sunday, he said the elimination of extremism and terrorism is inevitable to establish peace and stabilise economy in the country more... (BR)

Sector Briefing

Petrol price raised by Rs 6.10, diesel by Rs 2.97
The Oil and Gas Regulatory Authority (Ogra) on Sunday raised petroleum products' prices, with a substantial hike of Rs6.10 per litre in petrol price. According to a notification issued by Ogra here on late Sunday night, petrol price has been increased by Rs6.10 per litre, HOBC by Rs7.41, light diesel by Rs2.97 and the price of kerosene oil has been raised by Rs3.32 per litre more... (BR)

Wateen Telecom plans to offer 110 million shares: AHL financial adviser for proposed IPO
Wateen Telecom Limited (WTL) has planned to offer 110 million ordinary shares to the general public at a price of Rs 10 per share with a greenshoe option of 90 million shares, it is learnt. In this regard, WTL has applied for listing at Karachi Stock Exchange (KSE). Arif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of Rs 2,000 million of the ordinary shares of Wateen Telecom Limited more... (BR)

Etisalat to pay $800 million by March: minister
Pakistan will receive a payment of $800 million by the end of March from the UAE's Etisalat for a stake in Pakistan Telecommunication Co (PTCL), Minister of Privatisation Waqar Ahmed Khan said on Wednesday. In 2006, Etisalat, the Gulf Arab region's second-largest telecom firm, signed an agreement to purchase a 26 percent stake in PTCL for $2.6 billion, but so far only $1.4 billion has been paid, due to problems linked with a transfer of 3,000 real estate units 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

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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.