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February 16, 2010
Statistics
KSE-100 Index
Previous Index 9,805.87
Current Index 9,701.81
Change % (1.06)%
YTD (CY10) 3.35%
YTD (FY10) 35.46%

International Indicators
  Close %age
BSE-30 16,038.35 (0.71)%
HANGSENG 20,268.69 (0.11)%
NIKKEI 255 10,013.30 (0.80)%
FTSE 5,167.47 0.49%
DJIA 10,099.14 (0.44)%
SSEC 2,985.50 (1.08)%
NASDAQ 2,183.53 0.28%

SCRA
Feb 12 , 2010 1.94
February, 2010 (0.44)
YTD 286.30

Money Market Updates
6m T-bill 10-Feb-10 12.02%
12m T-bill 10-Feb-10 12.05%
3m KIBOR 12.24%
6m KIBOR 12.30%
10 yrs PIB 12.54%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 115.80
Rs/UK 133.25
Rs/US 85.05
Rs/OR 216.69

Commodities
Oil $74.41/barrel
Oil Change in % 0.38%
Gold $1,109.70/ounce
Gold Change in % 1.81%

Inflation
CPI Gen. - YoY (Jan 10) 13.70%
CPI Gen. - FY10 (Jul -09-Jan 10) 10.80%
NFNE Core INFL - YoY (Jan-10) 10.30%
NFNE Core INFL - FY10 (Jul-09-Jan-10) 11.60%

Economic Indicators
GDP Growth FY10E 2.00%
Per Capita Income $1,046
Population 168.20mn
US$ Reserves (Feb 06, 2010) 14.48bn
Trade Balance (Jul-Jan 10) $(8.44)bn
Curr. A/C (Jul-Dec- 09) $(1.76)bn
Remittances (Jul -Jan 10) $5.20bn
Foreign Investment (Jul -Jan-10) $1.47bn
All Sch. Banks Deposit Base (Feb 06, 2010) Rs4,372bn

NAVs and Returns
as of Feb 15, 2010
Funds Offer Redemption
POBOP 46.6427/- 46.1763/-
Daily Return 10.65%
POAIIF 50.2681/- 49.7654/-
Daily Return 7.26%
POAIF 52.37/- 51.06/-
Daily Return (21.42)%
POASF 56.74/- 55.32/-
Daily Return (85.37)%
POAF 10.6860/-
Daily Return 7.68%
*Daily Returns are calculated as per MUFAP guidelines

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

Check inflation, slash rate: IMFFourth tranche meeting minutes
IMF tasks Tarin to lower inflation in 3mths
International Monetary Fund (IMF) has expressed its dissatisfaction over the rising inflation in Pakistan, during its meeting with the delegation in Dubai more... (FD)

US used influence to ensure Pakistan's SBA with IMF: Patterson
US Ambassador to Pakistani Anne W. Patterson has reiterated US resolve to support Pakistan, saying that her country is committed to help Pakistan address the urgent economic needs and it has used its influence at the international level to ensure that Pakistan's Stand-by Arrangement (SBA) with the International Monetary Fund continue to move forward more... (BR)

FDI posts 54.6 percent decline in first seven months
The foreign direct investment (FDI) posted a sharp decline of over 54.6 percent during the first seven months of the current fiscal year, mainly due to the global economic recession and poor law and order situation in the country more... (BR)

 

Politics

Restoration of sacked judges on March 16: Gilani says Executive Order still needs endorsement by Parliament
Prime Minister Syed Yousuf Raza Gilani has said that Executive Order issued on March 16, 2009 for the restoration of judges sacked by former President Musharraf on November 3 still requires endorsement of the Parliament more... (BR)

Musharraf hints at return to politics
Former president Pervez Musharraf hinted at a return to politics in his homeland on Monday, saying he would "do anything for Pakistan" but the voters there must decide. "I love my country and I would do anything for Pakistan," the retired general told a meeting at the Chatham House think-tank in London more... (BR)

India troops violate ceasefire in Battal sector
Inter Services Public Relations (ISPR) claimed Monday that Indian troops have resorted to unprovoked firing on the Line of Control. The ISPR said in a statement that Indian troops fired in Battal Sector on the Line of Control (LoC) on night of 13-14 February 2010 more... (FD)

Sector Briefing

Dues against fuel supplies: PSO to receive a meagre Rs 12 billion from MoF and Pepco
Pakistan State Oil, having receivables of over Rs 100 billion against different clients, is hoping to receive a meagre Rs 12 billion from the Finance Ministry and Pakistan Electric Power Company (Pepco) against the dues of fuel supplies and mature orders for oil import to meet the country's oil requirements more... (BR)

POL prices may decline by 6-7 percent next month: Ogra
The oil prices are gradually coming down in the international market and if the present trend continues during the second fortnight of February, the petroleum prices may decline by 6-7 percent for the next month in the local market. Mainly because of descending oil prices in the international market, an impact of 4.5-5 percent has so far been received locally during the first fortnight of the current month more... (BR)

NIT announces financial results for its funds
National Investment Trust (NIT) announced financial results for funds under its management after its board of directors approved the accounts of both NI(U)T and NI(U)T-LOC Fund for the half year ended on 31.12.2009 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.