BasedLine
LOGO
April 09 , 2010
Statistics
KSE-100 Index
Previous Index 10,523.01
Current Index 10,533.57
Change % 0.10%
YTD (CY10) 12.22%
YTD (FY10) 47.07%

International Indicators
  Close %age
BSE-30 17,683.45 (1.59)%
HANGSENG 21,867.04 (0.28)%
NIKKEI 255 11,168.20 (1.10)%
FTSE 5,712.70 (0.90)%
DJIA 10,927.07 0.27%
SSEC 3,118.71 (0.94)%
NASDAQ 2,436.81 0.23%

SCRA
April 07 , 2010 6.79
April, 2010 45.11
YTD 437.63

Money Market Updates
6m T-bill 07-Apr-10 12.35%
12m T-bill 07-Apr-10 12.41%
3m KIBOR 12.28%
6m KIBOR 12.36%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 111.44
Rs/UK 127.28
Rs/US 83.70
Rs/OR 214.46

Commodities
Oil $85.68/barrel
Oil Change in % 0.34%
Gold $1,152.00/ounce
Gold Change in % (0.08)%

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 (Apr 03, 2010) 14.96bn
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 08, 2010
Funds Offer Redemption
POBOP 47.5001/- 47.0251/-
Daily Return 7.99%
POAIIF 50.8257/- 50.3147/-
Daily Return 7.45%
POAIF 54.36/- 53.00/-
Daily Return 117.81%
POASF 58.47/- 57.01/-
Daily Return 38.60%
POAF 10.9342/-
Daily Return 10.90%
*Daily Returns are calculated as per MUFAP guidelines

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

Reserves rise to $14.96bn
Pakistan’s foreign exchange reserves rose to $14.96 billion in the week ending on April 3 from $14.94 billion the previous week, the central more... (D)

Revenue target of Rs1.6tr likely next year
The estimate comes amid an evasive stance of the IMF about remaining instalments of the $11.3 billion package more... (D)

IMF team to discuss budget deficit
The country may miss the budget deficit target of 5.1 per cent agreed with the IMF due to emergence of unforeseen expenditures related to more... (D)

Politics

Profoundly Historic
The National Assembly on Thursday made history by passing unanimously "The Constitution (Eighteenth Amendment) Bill, 2010, even surpassing a two-thirds majority (292-member) that the bill required for its passage to remove distortions from the 1973 Constitution. All the 292 MNAs present in the 342-member National Assembly voted to approve the 102-clause bill. No one voted against more... (BR)

US nuclear policy makes exceptions for Pakistan
The 22,000-word US Nuclear Posture Review shows a deliberate attempt to keep India, Pakistan and Israel out of trouble, although there are several clauses that could lead to punitive actions against states seeking to gatecrash into the nuclear club more... (D)

Obama moves to de-link terrorism from Islam
The US President ordered a security revision with the aim to remove terms like “Islamic radicalism.” more... (D)

Sector Briefing

PSO board to consider LPG outsourcing contract today
Pakistan State Oil's (PSO) Board of Management (BoM) is holding a meeting in Islamabad on Friday (today) to discuss a one-point agenda: LPG outsourcing contract, well-informed sources told Business Recorder. "We are facing a catch 22 situation in this project despite the fact that 4 out of 7 Board members cleared the project; however there is considerable influence from some influentials who are not in the favour of the project," the sources added more... (BR)

Kharif season: fertiliser demand seen at 4.138 million tons
In the ongoing Kharif season, Pakistan's total fertilizer demand would be 4.138 million tons whereas the available stock is 4.357 million tons, a report of Ministry for Food and Agriculture revealed. According to the report, urea consumption is projected at 3.140 million tons against 3.094 million tons of the previous Kharif season, showing an increase of 1.5 percent more... (BR)

Agritech to start trading from 12th
Karachi Stock Exchange (KSE) has approved the formal listing and quotation of shares of Agritech Ltd after the approval of prospects and completion of relevant listing requirements. According to KSE here Thursday, the trading in the shares of Agritech will commence from April 12 more... (FD)

(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.