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April 15 , 2010
Statistics
KSE-100 Index
Previous Index 10,506.20
Current Index 10,570.88
Change % 0.62%
YTD (CY10) 12.61%
YTD (FY10) 47.59%

International Indicators
  Close %age
BSE-30 17,821.96 (0.17)%
HANGSENG 22,121.43 0.08%
NIKKEI 255 11,204.90 0.40%
FTSE 5,796.25 0.60%
DJIA 11,123.11 0.94%
SSEC 3,166.18 0.16%
NASDAQ 2,504.86 1.58%

SCRA
April 13 , 2010 (1.05)
April, 2010 53.76
YTD 446.29

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 12.35%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 114.68
Rs/UK 129.54
Rs/US 83.91
Rs/OR 215.78

Commodities
Oil $86.08/barrel
Oil Change in % 0.28%
Gold $1,157.90/ounce
Gold Change in % (0.15)%

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 14, 2010
Funds Offer Redemption
POBOP 47.5597/- 47.0841/-
Daily Return 7.98%
POAIIF 50.8857/- 50.3768/-
Daily Return 7.52%
POAIF 54.35/- 52.99/-
Daily Return 89.77%
POASF 58.45/- 56.99/-
Daily Return 160.82%
POAF 10.9536/-
Daily Return 10.88%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF assures Gilani of next tranche
Regional head South Asia of International Monetary Fund (IMF) assured Prime Minister Syed Yousuf Raza Gilani here late Tuesday that the IMF board in its upcoming meeting of May 3 would approve the release of next tranche for Pakistan more... (BR)

Exports register 38pc rise in March
Exports grew by a record 38 per cent to over $1.8 billion in March 2010 indicating that the country has overcome global recession challenges more... (D)

Tariff agreed with RPPs is on higher side: IMF
The International Monetary Fund (IMF) has reportedly termed the tariff agreed with the controversial Rental Power Plants (RPPs) as being on the higher side and not affordable by the common man, well-informed official sources told Business Recorder here on Wednesday more... (BR)

Politics

PML-Q raises demand for 'Bahawalpur province': bill to be put to vote today
The 18th Constitutional Amendment will be put to vote today (Thursday) after a two-day general debate on the bill, which was concluded a with-wide support for it. Winding up the debate on the bill Wednesday in the Senate, Leader of the House Syed Nayyar Hussain Bokhari expressed the hope that it would be approved with the same spirit as was demonstrated in the National Assembly more... (BR)

'18th Amendment cannot guarantee good governance'
A senior Parliamentarian and member of PCCR said the 18th Amendment Bill 2010 would block the way of bad governance, but it could not guarantee good governance. While participating in the debate on the Bill, S.M. Zafar said they had tried utmost to block bad governance through their efforts that they put in the bill, but the constitution could not guarantee good governance more... (BR)

India says no talks with Pakistan until it acts
Indian Prime Minister Manmohan Singh on Tuesday ruled out serious discussions with Pakistan until it took "credible steps" to bring the perpetrators of the 2008 Mumbai attacks to justice. Singh said he had exchanged pleasantries twice with Prime Minister Yusuf Raza Gilani on the sidelines of a two-day nuclear security meeting in Washington, but they had not covered serious issues during their brief encounters more... (BR)

Sector Briefing

Adamjee plans expansion in ME
Encouraged by the increase in total gross premium generated in Dubai and visualising greener pastures, the Adamjee Insurance Company has more... (D)

Demand up despite surging prices: Car-makers unveil production plan
Car-makers have unveiled an optimistic production plan to their vendors for April to August in view of on-going booming demand and orders in more... (D)

LPG price down by Rs 12,000 per tonne
Jamshoro Joint Ventures Limited (JJVL) reduced the price of Liquefied Petroleum Gas by Rs 12,000 per tonne, a private TV channel reported on Wednesday. Talking to the private TV channel, President LPG Distributors Association Irfan Khokar said the JJVL brought down the LPG prices from Rs 65,864 to Rs 53,536 per tonnes, adding this price cut will take the domestic cylinder price down by Rs 143 and industrial cylinder by Rs 550 in next two days 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.