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April 13 , 2010
Statistics
KSE-100 Index
Previous Index 10,586.46
Current Index 10,557.19
Change % (0.28)%
YTD (CY10) 12.47%
YTD (FY10) 47.40%

International Indicators
  Close %age
BSE-30 17,853.00 (0.45)%
HANGSENG 22,138.17 (0.32)%
NIKKEI 255 11,251.90 0.40%
FTSE 5,777.09 0.10%
DJIA 11,005.97 0.08%
SSEC 3,129.26 (0.51)%
NASDAQ 2,457.87 0.16%

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 12.30%
6m KIBOR 12.36%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 114.80
Rs/UK 129.99
Rs/US 84.31
Rs/OR 217.11

Commodities
Oil $84.03/barrel
Oil Change in % (0.37)%
Gold $1,152.60/ounce
Gold Change in % (0.83)%

Inflation
CPI Gen. - YoY (Mar 10) 12.90%
CPI Gen. - FY10 (Jul -09-Mar 10) 11.29%
NFNE Core INFL - YoY (Mar-10) 9.90%
NFNE Core INFL - FY10 (Jul-09-Mar-10) 11.20%

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-Mar 10) $(10.92)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 12, 2010
Funds Offer Redemption
POBOP 47.5402/- 47.0648/-
Daily Return 8.15%
POAIIF 50.8656/- 50.3569/-
Daily Return 7.44%
POAIF 54.48/- 53.12/-
Daily Return (51.39)%
POASF 58.50/- 57.04/-
Daily Return (73.29)%
POAF 10.9474/-
Daily Return 11.63%
*Daily Returns are calculated as per MUFAP guidelines

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

14.29 percent decline in July-March trade deficit
Pakistan's trade deficit has been recorded at $10.920 billion during nine months of the current fiscal year, showing a decline of 14.29 percent against $12.741 billion for the same period of last year, according to Federal Bureau of Statistics (FBS.) more... (BR)

PSDP outlay to be cut by Rs60bn in 2010-11
For the first time the development and the non-development budget would be finalised by the same committee, which is scheduled to meet from more... (D)

SBP limits borrowing under LTTFBig textile exporters in trouble
The State Bank of Pakistan (SBP) has made changes in Long Term Financing Facility (LTFF) rules with immediate effect. According to a circular issued here the SBP said the maximum financing limit for a single export-oriented project under LTFF will not exceed Rs1 billion henceforth more... (FD)

Politics

Pakistan preparing to expand nuclear production: New York Times
Pakistan is gearing to expand production of nuclear weapons-grade fuel and blocking talks on a treaty that would halt global production of new nuclear material, the New York Times reported Monday more... (BR)

Obama to visit Pakistan
US President Barack Obama has agreed to visit Pakistan in the near future, but his schedule will be finalised later, officials said on more... (D)

Rabbani tables 18th Amendment Bill in Senate
Chairman Parliamentary Committee on Constitutional Reforms (PCCR) and Advisor to Prime Minister Mian Raza Rabbani on Monday tabled "The Constitution (Eighteenth Amendment) Bill, 2010" in Upper House of the Parliament for discussion. Before tabling of the Bill by Rabbani, Leader of the House in Senate, Syed Nayyer Bokhari, moved a motion seeking suspension of all the other business of the House, which was adopted unanimously more... (BR)

Sector Briefing

PSO gets Rs 12 billion from Wapda, gencos
The Pakistan State Oil (PSO) has received Rs 12 billion on account of fuel supply from power generating companies enabling it to clear its oil refineries' dues and to import oil, Business Recorder has learnt. It received Rs 3.5 billion from Kapco, Rs 3 billion from Wapda, and Rs 5.4 billion from Hubco. After receiving this amount, its dues against different clients stand at Rs 107.9 billion more... (BR)

KESC seeks hike in power tariff
Karachi Electric Supply Company (KESC) has asked National Electric Power Regulatory Authority (Nepra) to further increase power tariff, Business Recorder learnt Monday. While terming the last increase of 15 paisa (Ps) per unit as insufficient, which was set by Nepra after a public hearing in the city last year against the company's tariff petition, the company has asked the authority to revise its decision and further increase the tariff more... (BR)

New investments in textile machinery, technology: government to give 50 percent mark-up support
The federal government would give 50 percent mark-up support for new investments in machinery and technology, and 20 percent grant of capital cost for establishment of new plants in textile sector, Business Recorder learnt on Monday 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.