April 06 , 2010
KSE-100 Index
Previous Index 10,416.52
Current Index 10,447.84
Change % 0.30%
YTD (CY10) 11.30%
YTD (FY10) 45.88%

International Indicators
  Close %age
BSE-30 17,935.68 1.37%
HANGSENG 21,537.00 1.40%
NIKKEI 255 11,339.30 0.50%
FTSE 5,744.89 1.20%
DJIA 10,973.55 0.43%
SSEC 3,157.96 0.33%
NASDAQ 2,429.53 1.12%

April 02 , 2010 10.60
April, 2010 19.76
YTD 412.29

Money Market Updates
6m T-bill 24-Mar-10 12.30%
12m T-bill 24-Mar-10 12.36%
3m KIBOR 12.31%
6m KIBOR 12.38%
10 yrs PIB 12.64%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 113.83
Rs/UK 128.29
Rs/US 84.48
Rs/OR 214.41

Oil $86.41/barrel
Oil Change in % (0.24)%
Gold $1,128.90/ounce
Gold Change in % (0.43)%

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 27, 2010) 14.94bn
Trade Balance (Jul-Feb 10) $(9.42)bn
Curr. A/C (Jul-Feb-10) $(2.56)bn
Remittances (Jul -Feb 10) $5.79bn
Foreign Investment (Jul -Feb-10) $1.02bn
All Sch. Banks Deposit Base (Mar 27, 2010) Rs4,424bn

NAVs and Returns
as of April 05, 2010
Funds Offer Redemption
POBOP 47.4707/- 46.9960/-
Daily Return 7.83%
POAIIF 50.7957/- 50.2877/-
Daily Return 7.49%
POAIF 53.72/- 52.38/-
Daily Return 27.92%
POASF 58.15/- 56.70/-
Daily Return 35.47%
POAF 10.9163/-
Daily Return 11.67%
*Daily Returns are calculated as per MUFAP guidelines

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

Fuel prices can be slashed if government removes PL
Fuel prices can be slashed from Rs 3 to Rs 14 per litre, if government decides to remove Petroleum Levy (PL), Business Recorder has learnt. According to a notification issued by Oil and Gas Regulatory Authority (Ogra), government is charging Rs 10 per litre PL on premium motor gasoline (PMG), Rs 14 per litre on HOBC, Rs 6 per litre on kerosene oil, Rs 3 per litre on Light diesel oil (LDO) and Rs 8 per litre on High Speed Diesel (HSD) more... (BR)

Under Export Finance Scheme: SBP decision to increase rates of refinance criticised
Gulzar Firoz, Chairman, Pakistan Tanners Association, strongly criticised the decision of SBP to increase rates of refinance under the Export Finance Scheme (EFS) and Long-Term Financing Facility (LTFF) by 0.50 percent and 1.10 percent respectively from 1st April, 2010 more... (BR)

Cabinet to clear SBP Amendment Bill today
The Cabinet, which is scheduled to meet on Tuesday, will clear the State Bank of Pakistan (SBP) Amendment Bill 2010, enhancing effectiveness of the central bank in monetary policy formulation, according to official documents obtained from Finance Ministry. These amendments are part of the agreement between the GoP and the International Monetary Fund (IMF) more... (BR)


Implementation of NRO verdict: Law Ministry submits compliance report
The Ministry of Law and Justice on Monday submitted a compliance report regarding the implementation of Supreme Court judgement on the National Reconciliation Ordinance (NRO) to the Supreme Court office. The report was submitted by Secretary Law and Justice, former judge Aqil Mirza, as per the commitment before the seven-member bench of the apex court headed by Chief Justice Iftikhar Muhammad Chaudhry more... (BR)

US to intensify diplomacy to ease Indo-Pak tension
President Barack Obama is seeking to “intensify American diplomacy aimed at easing tensions between India and Pakistan, asserting that more... (D)

18th Amendment Bill to be approved today
The Federal Cabinet will approve the 18th Constitutional Amendment Bill in its meeting scheduled today (Tuesday), sources told Business Recorder. The bill, which has been tabled in both the houses of the Parliament by Chairman Parliamentary Committee on Constitutional Reforms (PCCR), would be placed before the Cabinet for consideration more... (BR)

Sector Briefing

Sukuk restructuring: Maple Leaf recommends further issue of 153.846m shares
In order to ensure an orderly and timely restructuring arrangements of long term Sukuk and Syndicated loan, the board of directors of Maple Leaf Cement Factory on Monday recommended further issue of 153.846 million ordinary shares of Rs 10 each other than rights at Rs 6.50 per share at a discount of 35 percent more... (BR)

Sui gas twins' asset revaluation likely
The Privatisation Commission Monday directed Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to revalue their assets and assess up-gradation requirements. It was decided in a meeting chaired by Shahab Khawaja Federal Secretary Ministry of Privatisation here more... (FD)

Wateen Telcom to offer 110 million shares for general public
Wateen Telecom Limited has decided to offer its 110 million shares to the general public and the institutions through IPO with a green shoe option of 90 million shares at the face value of Rs 10 to raise a fund of Rs 1.1 billion 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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