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February 17, 2010
Statistics
KSE-100 Index
Previous Index 9,701.81
Current Index 9,769.68
Change % 0.70%
YTD (CY10) 4.08%
YTD (FY10) 36.41%

International Indicators
  Close %age
BSE-30 16,226.68 1.17%
HANGSENG 20,268.69 (0.11)%
NIKKEI 255 10,034.25 0.20%
FTSE 5,244.06 1.50%
DJIA 10,268.41 1.68%
SSEC 2,985.50 (1.08)%
NASDAQ 2,214.19 1.40%

SCRA
Feb 15 , 2010 0.12
February, 2010 (0.32)
YTD 286.42

Money Market Updates
6m T-bill 10-Feb-10 12.02%
12m T-bill 10-Feb-10 12.05%
3m KIBOR 12.25%
6m KIBOR 12.32%
10 yrs PIB 12.54%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 115.80
Rs/UK 133.32
Rs/US 85.08
Rs/OR 218.37

Commodities
Oil $77.35/barrel
Oil Change in % 0.44%
Gold $1,120.30/ounce
Gold Change in % 0.04%

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 16, 2010
Funds Offer Redemption
POBOP 46.6463/- 46.1798/-
Daily Return 2.81%
POAIIF 50.2778/- 49.7750/-
Daily Return 7.29%
POAIF 52.39/- 51.08/-
Daily Return 14.30%
POASF 56.78/- 55.36/-
Daily Return 26.39%
POAF 10.6892/-
Daily Return 11.55%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF ups budget deficit to 5.1pc5th tranche of $1.2bn to be released in March
Talks between Pakistan and International Monetary Fund (IMF) concluded on successful note Monday as the Fund said it would release the 5th tranche of the standby arrangement programme worth $1.20 billion next month more... (FD)

Pakistan ranks third at risk from terrorist attack: analysts
Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time. The index based on 2009 data ranks Afghanistan second, with Pakistan and Somalia third and fourth respectively more... (BR)

CDWP moot on 23rd may approve 64 projects worth Rs 311.142 billion
The Central Development Working Party (CDWP) of the Planning Commission which is scheduled to meet on February 23 is likely to approve/recommend 64 projects worth Rs 311.142 billion with foreign exchange component (FEC) of Rs 87.858 billion, Business Recorder has learnt more... (BR)

Politics

Signs of thaw in stand-off: Prime Minister meets CJP at dinner for Ramday
Prime Minister Yousuf Raza Gilani Tuesday threw up a pleasant surprise for Chief Justice Iftikhar Muhammad Chaudhry and other guests by appearing at the farewell reception for Justice Khalil-ur-Rehman Ramday. "I have come here to dispel the impression of any collusion and to prove our good relations," said the PM when asked about the purpose of his visit to the party being hosted by the CJP more... (BR)

US welcomes better Pakistan cooperation on extremism
The White House welcomed Tuesday increased co-operation between the United States and Pakistan against "extremists," but refused to confirm the reported capture of a top Taliban commander. Asked at a press briefing whether there has been increased co-operation between US and Pakistani intelligence services, President Barack Obama's chief spokesman affirmed that there had more... (BR)

Nawaz Sharif withdraws papers for NA-123 by-polls
Former prime minister and Pakistan Muslim League-N Quaid Mian Nawaz Sharif has withdrawn his nomination papers for bye-election on National Assembly constituency NA-123.Pakistan Muslim League-N chief has backed party leader Pervez Malik as his replacement candidate for the same constituency. Experts believe there could be many reasons that the PML-N leader has withdrawn his nomination for the bye-elections more... (FD)

Sector Briefing

Power tariff may rise by 15pc next month
The proposed tariff increase would be in addition to six per cent raise to be allowed from April 1 as agreed with the IMF more... (D)

Government releases Rs 3.6 billion to cash-strapped PSO
The government has released Rs 3.6 billion to cash-strapped Pakistan State Oil in a bid to support the entity which is on verge of collapse due to all time high receivables against its clients especially power sector, Business Recorder has learnt more... (BR)

Exploration rights to eight companies granted
Government has granted exploration rights to eight oil and gas explorations companies for ten blocks with minimum firm work commitment of $52.6 million. The total area of the ten blocks is 17,789.77 sq. km 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.