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April 08 , 2010
Statistics
KSE-100 Index
Previous Index 10,419.82
Current Index 10,523.01
Change % 0.99%
YTD (CY10) 12.10%
YTD (FY10) 46.92%

International Indicators
  Close %age
BSE-30 17,970.02 0.16%
HANGSENG 21,928.77 1.82%
NIKKEI 255 11,292.83 (0.10)%
FTSE 5,762.06 (0.30)%
DJIA 10,897.52 (0.66)%
SSEC 3,148.22 (0.33)%
NASDAQ 2,431.16 (0.23)%

SCRA
April 06 , 2010 12.91
April, 2010 38.32
YTD 430.85

Money Market Updates
6m T-bill 07-Apr-10 12.35%
12m T-bill 07-Apr-10 12.41%
3m KIBOR 12.30%
6m KIBOR 12.37%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 112.19
Rs/UK 127.80
Rs/US 83.90
Rs/OR 214.73

Commodities
Oil $85.85/barrel
Oil Change in % (0.03)%
Gold $1,146.40/ounce
Gold Change in % (0.57)%

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 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 (Apr 03, 2010) Rs4,426bn

NAVs and Returns
as of April 07, 2010
Funds Offer Redemption
POBOP 47.4901/- 47.0152/-
Daily Return 7.99%
POAIIF 50.8157/- 50.3075/-
Daily Return 7.45%
POAIF 54.19/- 52.84/-
Daily Return 117.81%
POASF 58.25/- 56.79/-
Daily Return 38.60%
POAF 10.9311/-
Daily Return 11.28%
*Daily Returns are calculated as per MUFAP guidelines

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

July-February 2009-10: Direct taxes, sales tax show double-digit growth
There is growth of 12.9 percent and 15.3 percent in direct taxes and sales tax respectively during July-February (2009-10) against the collection in the corresponding period of last fiscal year. Sources told Business Recorder here on Wednesday that the Federal Excise Duty (FED) and customs duty have registered an increase of 5.8 percent and 2.3 percent respectively during July-February (2009-10) as compared to last year more... (BR)

SBP accepts Rs 72.338 billion bids for MTBs
The State Bank on Wednesday accepted bids worth Rs 72.338 billion with realised value of Rs 65.396 billion for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). The SBP conducted auction of 3-month, 6-month & 12-month MTBs more... (BR)

National Savings to issue Sukuk bond before July
National Savings Organisation is planning to issue another saving bond before the end of current fiscal year as the government continues to focus on domestic debt market to fulfil current expenditure. National Savings considers launching Shariah-compliant Sukuk bond and zero-coupon bonds to capture interest-free investment and saving more... (BR)

Politics

Nuclear summit: Obama to host meeting with Gilani
President Barack Obama will host a bilateral meeting with Prime Minister Yousaf Raza Gilani, who will represent Pakistan at next week's Nuclear Security Summit, the White House said on Tuesday. The two leaders are expected to discuss bilateral co-operation in wide-ranging areas including economy, trade, security and energy, Pakistani officials told APP more... (BR)

Bill to be put to vote today: MQM contends many of its proposals not accepted
"The Constitution (Eighteenth Amendment) Bill, 2010" would be put to vote clause by clause in the Lower House of the Parliament today (Thursday), reliable sources told Business Recorder. According to National Assembly Secretariat sources, the debate on 18th Amendment Bill came to an end on Wednesday, and now each and every clause of the Bill would be required to be passed by a two-thirds majority more... (BR)

War games add to alertness: Kayani 128th Corps Commanders' Conference
The top brass of Pakistan's armed forces Wednesday termed upcoming Azm-e-Nau III military exercises as highly significant. The commanders of the forces said this during 128th Corps Commanders' Conference held at General Headquarters, Army spokesman said more... (FD)

Sector Briefing

Gas supply to cement units cut by 36pc
The Karachi Chamber of Commerce and Industry has expressed concern over 36 per cent reduction in gas supplies to cement plants in Karachi this more... (D)

Islamic banking: SBP developing short-term securities
The SBP is actively working with the industry and the federal government to develop Shariah compliant short-term securities which would be more... (D)

Wateen Telecom starts trading
Wateen Telecom Limited — the technology arm of the giant Abu Dhabi group — would begin provisional trading at the stock exchanges from 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

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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.