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April 12 , 2010
Statistics
KSE-100 Index
Previous Index 10,533.57
Current Index 10,586.46
Change % 0.50%
YTD (CY10) 12.78%
YTD (FY10) 47.81%

International Indicators
  Close %age
BSE-30 17,933.14 1.23%
HANGSENG 22,208.50 1.56%
NIKKEI 255 11,204.34 0.32%
FTSE 5,771.00 1.02%
DJIA 10,997.35 0.64%
SSEC 3,145.35 0.85%
NASDAQ 2,454.05 0.71%

SCRA
April 09 , 2010 6.29
April, 2010 52.31
YTD 444.83

Money Market Updates
6m T-bill 07-Apr-10 12.35%
12m T-bill 07-Apr-10 12.41%
3m KIBOR 12.29%
6m KIBOR 12.36%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 113.39
Rs/UK 129.15
Rs/US 84.20
Rs/OR 217.84

Commodities
Oil $85.23/barrel
Oil Change in % 0.37%
Gold $1,164.90/ounce
Gold Change in % 0.26%

Inflation
CPI Gen. - YoY (Feb 10) 13.00%
CPI Gen. - FY10 (Jul -09-Mar 10) 11.29%
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 -Mar 10) $6.55bn
Foreign Investment (Jul -Feb-10) $1.02bn
All Sch. Banks Deposit Base (Apr 03, 2010) Rs4,426bn

NAVs and Returns
as of April 10, 2010
Funds Offer Redemption
POBOP 47.5198/- 47.0446/-
Daily Return 7.82%
POAIIF 50.8456/- 50.3371/-
Daily Return 7.44%
POAIF 54.64/- 53.27/-
Daily Return 0.00%
POASF 58.74/- 57.27/-
Daily Return 0.00%
POAF 10.9408/-
Daily Return 11.27%
*Daily Returns are calculated as per MUFAP guidelines

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

Macroeconomic situation risky: World Bank
The World Bank has portrayed Pakistan's macroeconomic situation as 'risky', but maintained that conditions are improving under an International Monetary Fund (IMF) and Bank-supported programme. The Bank made these comments on a draft concept note for a 'Rehabilitate, Operate and Transfer' (ROT) approach, which has been considered for genco-1 (Jamshoro and Kotri thermal power plants) more... (BR)

July-March: 15.78 percent rise in remittances
Remittances from overseas Pakistanis continued to rise and $6,550.88 million was received in nine months (July-March) of the current fiscal year, showing an increase of $892.82 million, or 15.78 percent, over the amount received during same period of last fiscal year more... (BR)

July-March CPI inflation swells by 11.29 percent
The CPI inflation swelled by 11.29 percent during July-March 2009-10 against the budgetary target of 9.5 percent and it is likely that it will go up further. Official figures released by the Federal Bureau of Statistic on Saturday showed that Wholesale Price Index (WPI) and Sensitive Price Indicator (SPI) increased by 10.08 percent and 12.54 percent, respectively during the period under review as compared to the same period last year more... (BR)

Politics

Gilani holds talks with Obama
Meeting between Prime Minister Syed Yousuf Raza Gilani and US President Barack Obama was underway in Washington till our going to press by 2:50 am. Aaj News reported that both the leaders met at Blair House, Washington more... (BR)

Gilani on mission to seek nuclear status in Washington
The PM launched Pakistan’s campaign for international acceptance as a responsible nuclear state more... (D)

India conveys to US concerns over Pakistan
PM Manmohan Singh met President Obama conveying his country’s concerns over American military aid to Pakistan more... (D)

Sector Briefing

Car sales surge by 41.3pc
The highest recall of Toyota vehicles in the US has not created any negative sentiments among local car buyers, as Toyota Corolla sales have more... (D)

Import of 50,000 tons of urea: TCP awards tender to Dubai-based supplier
The Trading Corporation of Pakistan (TCP) on Saturday awarded the second urea import tender of 50,000 tons to a Dubai-base supplier at a lowest price of $304.40 per ton. In pursuance of the Economic Co-ordination Committee (ECC) of the Cabinet decision to import 100,000 tons urea to meet the requirement of Kharif 2010, TCP opened second urea import tender on Saturday for the purchase of 500,000 tons of urea more... (BR)

TI Pakistan to scrutinise PSO documents: MoU to be signed today
The Pakistan State Oil (PSO) and Transparency International (TI) Pakistan are to ink a Memorandum of Understanding (MoU) on Monday, which would empower the latter to scrutinise the pacts signed, or to be signed, by the public sector oil supplier 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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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.