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March 15 , 2010
Statistics
KSE-100 Index
Previous Index 9,879.70
Current Index 10,025.99
Change % 1.48%
YTD (CY10) 6.81%
YTD (FY10) 39.99%

International Indicators
  Close %age
BSE-30 17,166.62 (0.01)%
HANGSENG 21,209.74 (0.09)%
NIKKEI 255 10,751.26 0.81%
FTSE 5,625.60 0.15%
DJIA 10,624.69 0.12%
SSEC 3,013.41 (1.24)%
NASDAQ 2,367.66 (0.03)%

SCRA
Mar 12 , 2010 8.98
March, 2010 53.10
YTD 347.16

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 12.43%
10 yrs PIB 12.63%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 115.27
Rs/UK 126.82
Rs/US 84.24
Rs/OR 214.60

Commodities
Oil $80.81/barrel
Oil Change in % (0.53)%
Gold $1,106.00/ounce
Gold Change in % 0.39%

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 06, 2010) Rs4,388bn

NAVs and Returns
as of Mar 13, 2010
Funds Offer Redemption
POBOP 47.3649/- 46.8913/-
Daily Return 7.84%
POAIIF 50.5227/- 50.0175/-
Daily Return 7.26%
POAIF 52.76/- 51.44/-
Daily Return 0.00%
POASF 57.24/- 55.81/-
Daily Return 6.54%
POAF 10.8127/-
Daily Return 11.79%
*Daily Returns are calculated as per MUFAP guidelines

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

US to extend $18.36 million for repairing TPS Jamshoro
US would extend $18.36 million financial assistance to Pakistan for repairing of Thermal Power Station (TPS) Jamshoro, under strategic objective grant. For this purpose, an agreement will be inked between the GoP and the USAID on March, 17, 2010, in the committee room of the Ministry of Water and Power more... (BR)

Govt offers cover to offshore investorsTerrorism a major hurdle for foreign investment: Fahim
‘Even Insurance cos are not ready to insure foreign investors’
Federal Minister for Commerce Makhdoom Amin Fahim said the government has offered insurance cover to the foreigners for their travelling and investments more... (FD)

Weekly inflation witnesses nominal rise
The Sensitive Price Indicator (SPI), for the week ended on March 11, for the lowest income group up to Rs 3,000, has registered nominal increase of 0.19 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 255.56 points as against 255.08 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS) more... (BR)

Politics

Senior military officials to attend Washington talks
The inclusion of senior defence and security officials indicates that military and security issues would dominate more... (D)

US personnel facing threat, ambassador tells FM
Ms Patterson said she is concerned about media reports in which residences leased by Americans in Lhr have been identified more... (D)

Qaeda cornered: Holbrooke‘Improved Pak-US cooperation a big step forward'
The United States Special Envoy for Pakistan and Afghanistan, Richard Holbrooke said Sunday that al Qaeda has been squeezed to the limits and is under great pressure more... (FD)

Sector Briefing

Freight margin on petroleum products to be abolished
The current mechanism was opaque and a couple of refineries and marketing companies were using it for making profit more... (D)

POL stocks down to 11 days' need
The stock of petroleum products has declined sharply and is able to meet only eleven days' requirement due to the circular debt problem, Business Recorder has learnt. Sources said that the average stock might further decline in the coming months (April-June) if the fuel suppliers failed to import diesel and furnace oil to meet the surging demand due to cotton sowing season more... (BR)

Rules violation: SECP imposes Rs 2.5 million fine on KSE member
The Securities and Exchange Commission of Pakistan (SECP) has imposed a penalty of Rs 2,500,000 on a member of Karachi Stock Exchange (KSE) who violated the rules and regulations of the SECP and KSE in shares transactions 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.