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February 10, 2010
Statistics
KSE-100 Index
Previous Index 9,809.98
Current Index 9,786.46
Change % (0.24)%
YTD (CY10) 4.26%
YTD (FY10) 36.64%

International Indicators
  Close %age
BSE-30 16,042.18 0.67%
HANGSENG 19,790.28 1.22%
NIKKEI 255 9,932.90 (0.20)%
FTSE 5,111.84 0.40%
DJIA 10,058.64 1.52%
SSEC 2,948.84 0.47%
NASDAQ 2,150.87 1.17%

SCRA
Feb 08 , 2010 1.19
February, 2010 (1.74)
YTD 285.00

Money Market Updates
6m T-bill 27-Jan-10 11.897%
12m T-bill 27-Jan-10 12.015%
3m KIBOR 12.21%
6m KIBOR 12.26%
10 yrs PIB 12.54%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 116.26
Rs/UK 132.61
Rs/US 85.03
Rs/OR 218.71

Commodities
Oil $73.30/barrel
Oil Change in % (0.61)%
Gold $1,076.90/ounce
Gold Change in % (0.03)%

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 30, 2010) 14.52bn
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 30, 2010) Rs4,401bn

NAVs and Returns
as of Feb 09, 2010
Funds Offer Redemption
POBOP 46.6733/- 46.2066/-
Daily Return 10.03%
POAIIF 50.2142/- 49.7121/-
Daily Return 4.43%
POAIF 52.46/- 51.15/-
Daily Return 7.14%
POASF 57.09/- 55.66/-
Daily Return (6.56)%
POAF 10.6668/-
Daily Return 11.57%
*Daily Returns are calculated as per MUFAP guidelines

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

'US keen to invest in privatisation programme'
US investors are keen to participate in Pakistan's privatisation programme and to identify the areas and projects, said Anne W. Patterson, US envoy to Pakistan. In a meeting here on Tuesday with Federal Minister for Privatisation Senator Waqar Ahmed Khan, she said that through this, the US would enhance the interaction between the investors of both the countries more... (BR)

Tax-to-GDP ratio projected at 12.1 per cent
The Budget Strategy Paper once approved will set the benchmark to fix priorities in budget making for the next three years more... (D)

All provincial PSDPs: PC proposes transfer to provinces
The Planning Commission (PC) has proposed to Finance Ministry to transfer all provincial projects to the provinces after their enhanced shares under the Seventh National Finance Commission (NFC) Award in case Public Sector Development Programme (PSDP) for 2009-10 is reduced to Rs 250 billion from Rs 446 billion due to financial crunch, Business Recorder has learnt more... (BR)

Politics

Tarin decides to quit: Aaj News
Shaukat Tarin has decided to quit as Finance Minister, Aaj News reported on Tuesday. According to the channel, Tarin is expected to vacate his position by month-end. The minister has informed Prime Minister Yousuf Raza Gilani, donor states and lending agencies of his decision. Dr Hafiz Pasha, Dr Ishrat Hussain and Naseem Baig are strong contenders for this post, according to the channel more... (BR)

Appointment of Judges: Supreme Court moved for issuance of directive to federal government
The Supreme Court on Tuesday was moved for issuance of direction to the federal government to perform its constitutional duty by immediately appointing all the judges, for which it had already received recommendations from the judicial consultees more... (BR)

US security team due for crucial talks
A national security team, led by Gen James Jones, is visiting Pakistan for talks on the US strategy for defeating militants more... (D)

Sector Briefing

Employees get 12 percent of government shares in PNSC
Pakistan National Shipping Corporation (PNSC) has transferred 12 percent of the federal government's shares to its employees, Business Recorder learnt Tuesday. According to official sources, the Corporation has taken the measure following the directives of the Ministry of Ports and Shipping under the government initiative to empower the employees through making them shareholders in the State Owned Entities (SOEs) more... (BR)

NRL posts Rs 1,153.725 million profit after tax
National Refinery Limited (NRL) has posted Rs 1,153.725 million as profit after tax in the half year period ended December 31, 2009 as compared to after tax loss of Rs 793.300 million recorded in the corresponding period in 2008. The board of directors of the company in its meeting held at Damascus, Syria on Tuesday declared per share earning of the company at Rs 14.43 in the period under review against per share loss of Rs 9.92 in the same period a year back more... (BR)

Chashma-Jehlum hydro-power link canal project: Sindh to approach Nepra, CCI against Punjab, PA told
The Sindh government would knock the doors of Council of Common Interests (CCI) in its dispute with Punjab over the construction of Chashma-Jehlum hydro-power link canal project. In view of the past bitter experiences, Sindh government apprehends that the "infeasible" project, if completed, would deprive the water-thirsty province of its due share in the country's water reserves 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.