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April 19 , 2010
Statistics
KSE-100 Index
Previous Index 10,677.47
Current Index 10,659.21
Change % (0.17)%
YTD (CY10) 13.55%
YTD (FY10) 48.83%

International Indicators
  Close %age
BSE-30 17,591.18 (0.27)%
HANGSENG 21,865.26 (1.32)%
NIKKEI 255 11,102.18 (1.52)%
FTSE 5,744.00 (1.39)%
DJIA 11,018.66 (1.13)%
SSEC 3,130.30 (1.10)%
NASDAQ 2,481.26 (1.37)%

SCRA
April 16 , 2010 3.47
April, 2010 63.85
YTD 456.38

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 129.03
Rs/US 84.13
Rs/OR 218.22

Commodities
Oil $81.99/barrel
Oil Change in % (1.50)%
Gold $1,136.20/ounce
Gold Change in % (0.06)%

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 10, 2010) 15.05bn
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 -Mar-10) $1.37bn
All Sch. Banks Deposit Base (Apr 10, 2010) Rs4,451bn

NAVs and Returns
as of April 17, 2010
Funds Offer Redemption
POBOP 47.6028/- 47.1268/-
Daily Return 18.49%
POAIIF B. C. B. C.
Daily Return B. C.
POAIF 54.50/- 53.14/-
Daily Return 0.00%
POASF 58.64/- 57.17/-
Daily Return 0.00%
POAF 10.9436/-
Daily Return 12.01%
*Daily Returns are calculated as per MUFAP guidelines

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

Rs 564 billion PSDP recommended for 2010-11
The Panel of Economists, constituted by the Planning Commission, has recommended a sum of Rs 564 billion for development projects under 2010-11 Public Sector Development Programme (PSDP) to achieve average 5 percent Gross Domestic Product (GDP) target more... (BR)

Pakistan asked to focus on energy import sources: World Bank supports IPI for the first time
The World Bank (WB) has insisted that Islamabad should realise the importance of import of electricity from Central Asia, liquefied natural gas (LNG) import project, gas import through Iran-India-Pakistan (IPI) pipeline and Turkmenistan-Pakistan-India (TAPI) pipeline to meet the increasing energy demand, official sources told Business Recorder more... (BR)

US to make transformational investments in Pakistan
The US is envisaging “large scale investments” in Pakistan that could “take us all where we want to go.” more... (D)

Politics

Prepared for any call-out: Kayani
Chief of Army Staff (COAS) General Ashfaq Parvez Kayani Sunday said Army was fully prepared to take on any challenge. He stated this while addressing the closing ceremony of the first phase of 'Azm-e-Nau III' war games here on Sunday more... (FD)

Zardari signs 18th Amendment todaySharif consents to attend historic event
PML-N leader Mian Nawaz Sharif Sunday accepted President Asif Ali Zardari's invitation to witness the 18th Amendment signing ceremony at the Presidency more... (FD)

BB assassination: 'Judicial commission should have been set up'
Secretary General of Jamaat-i-Islami, (JI), Liaquat Baloch on Sunday said that a judicial commission should have been set up to investigate into the murder of Benazir Bhutto. Addressing a press conference, he said the probe conducted by the UN has not only wasted money of Rs 700 million and time, but also the exercise provided protection to the murderers more... (BR)

Sector Briefing

OMCs gasoline price differential: ECC may clear Rs 3.3 billion claims
The Economic Co-ordination Committee (ECC) of Cabinet, scheduled to meet on Monday, April 19, may clear Rs 3.3 billion for Pakistan State Oil (PSO) and Shell on account of imported motor gasoline differential claims, as Finance Ministry has refused to arrange the money, Business Recorder has learnt more... (BR)

MoP for continuing refineries' 7.5 percent 'deemed duty' on HSD: ECC meeting on April 19
After facing pressure mounted by oil refineries, the Petroleum Ministry, in its new proposed oil pricing formula, has recommended to the Economic Co-ordination Committee (ECC) of the Cabinet, scheduled to meet on Monday, to continue the existing 7.5 percent 'deemed duty' on high speed diesel (HSD). However, de-regulation of freight component is likely to cause reduction in the prices of HSD and petrol, by 2 to 24 percent more... (BR)

New oil marketing company: ECC to approve new investment criteria
The Economic Co-ordination Committee of the Cabinet, scheduled to meet on Monday, is set to approve new investment criteria for establishing new oil marketing company (OMC) by reducing equity investment to Rs 500 million, with minimum upfront equity of Rs 100 million, to attract investment in the oil industry, Business Recorder has learnt 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.