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March 12 , 2010
Statistics
KSE-100 Index
Previous Index 9,784.98
Current Index 9,879.70
Change % 0.97%
YTD (CY10) 5.25%
YTD (FY10) 37.94%

International Indicators
  Close %age
BSE-30 17,167.96 0.41%
HANGSENG 21,228.20 0.09%
NIKKEI 255 10,664.95 0.96%
FTSE 5,617.26 (0.41)%
DJIA 10,611.84 0.42%
SSEC 3,051.28 0.08%
NASDAQ 2,368.46 0.40%

SCRA
Mar 10 , 2010 3.59
March, 2010 36.60
YTD 330.66

Money Market Updates
6m T-bill 24-Feb-10 12.30%
12m T-bill 24-Feb-10 12.36%
3m KIBOR 12.36%
6m KIBOR 12.42%
10 yrs PIB 12.63%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 115.37
Rs/UK 126.53
Rs/US 84.59
Rs/OR 217.31

Commodities
Oil $82.21/barrel
Oil Change in % 0.12%
Gold $1,112.80/ounce
Gold Change in % 0.42%

Inflation
CPI Gen. - YoY (Feb 10) 13.00%
CPI Gen. - FY10 (Jul -09-Feb 10) 11.10%
NFNE Core INFL - YoY (Feb-10) 10.10%
NFNE Core INFL - FY10 (Jul-09-Feb-10) 11.40%

Economic Indicators
GDP Growth FY10E 2.00%
Per Capita Income $1,046
Population 168.20mn
US$ Reserves (Mar 11, 2010) 14.72bn
Trade Balance (Jul-Jan 10) $(8.44)bn
Curr. A/C (Jul-Jan-10) $(2.49)bn
Remittances (Jul -Feb 10) $5.79bn
Foreign Investment (Jul -Jan-10) $1.47bn
All Sch. Banks Deposit Base (Mar 04, 2010) Rs4,388bn

NAVs and Returns
as of Mar 11, 2010
Funds Offer Redemption
POBOP 47.3454/- 46.8719/-
Daily Return 7.85%
POAIIF 50.5032/- 49.9982/-
Daily Return 7.26%
POAIF 52.70/- 51.38/-
Daily Return 35.55%
POASF 57.24/- 55.81/-
Daily Return 6.54%
POAF 10.8047/-
Daily Return 21.24%
*Daily Returns are calculated as per MUFAP guidelines

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

Country's FX cache down at $14.72bn
State Bank of Pakistan (SBP) data Thursday showed country's foreign exchange reserves reduced to $14.72 billion in the week ending on March 6 from $14.80 billion the previous week.Reserves held by the SBP fell to $10.91 billion from $10.96 billion a week earlier, while those held by commercial banks eased to $3.81 billion from $3.84 billion the previous week, said Syed Wasimuddin, chief spokesman for the central bank.-Reuters ... more... (FD)

Inflation up 13.04pc y-o-y in February
The consumer price index (CPI), a key indicator of inflation, rose 13.04 per cent in February from a year ago, the Federal Bureau of more... (D)

Dubai rallies on debt deal hopes
Dubai's market rallied to seven-week highs Thursday on hopes for a Dubai World debt deal while some major creditor banks halted internal trading in the firm's instruments, signalling an offer was approaching more... (FD)

Politics

IMF to loan despite finmin holdup: Tarin
Former finance minister Shaukat Tarin Thursday said that a delay in the appointment of new finance minister should not disrupt the delivery of loan tranche from the International Monetary Fund (IMF)."All the technical discussions were completed in February and the proposal had to be circulated for the IMF board meeting," Tarin told the news agency. A business newspaper reported this week that the failure to appoint a new finance minister could delay the fifth tranche of IMF loan more... (FD)

Pakistan will be privy to talks with Taliban: Karzai
The Afghan president promised to keep Pakistan on board about any political engagement with the Taliban more... (D)

NAB submits additional report on NRO verdict to SC
The National Accountability Bureau (NAB) on Thursday filed an additional report in the Supreme Court on the implementation of the apex court’s December 16, 2009 verdict on the National Reconciliation Ordinance (NRO) more... (DT)

Sector Briefing

KESC raises Rs6.3bn in right issue
Karachi Electric Supply Corporation has raised Rs6.3 billion by the issue of right shares at 14.5 per cent more... (D)

BOC to invest Rs 2bn to install new plant
BOC Pakistan has approved Rs 2 billion investment plan for the largest air separation plant in Pakistan. “Board of Directors of BOC Pakistan Limited accorded approval to the investment plan more... (DT)

PIA seeks finance to start new flights
The Pakistan International Airlines (PIA) is in desperate need of financial injection to make the national flag carrier a viable entity, a more... (D)

(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.