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April 20 , 2010
Statistics
KSE-100 Index
Previous Index 10,659.21
Current Index 10,669.88
Change % 0.10%
YTD (CY10) 13.68%
YTD (FY10) 48.98%

International Indicators
  Close %age
BSE-30 17,400.68 (1.08)%
HANGSENG 21,405.17 (2.10)%
NIKKEI 255 10,908.77 (1.74)%
FTSE 5,727.91 (0.28)%
DJIA 11,082.22 0.58%
SSEC 2980.30 (4.79)%
NASDAQ 2,477.04 (0.17)%

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 12.35%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 113.09
Rs/UK 128.16
Rs/US 84.15
Rs/OR 215.83

Commodities
Oil $82.04/barrel
Oil Change in % 0.72%
Gold $1,137.60/ounce
Gold Change in % 0.16%

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 19, 2010
Funds Offer Redemption
POBOP 47.6227/- 47.1465/-
Daily Return 7.93%
POAIIF B. C. B. C.
Daily Return B. C.
POAIF 54.40/- 53.04/-
Daily Return (34.34)%
POASF 58.47/- 57.01/-
Daily Return (51.08)%
POAF 10.9650/-
Daily Return 42.84%
*Daily Returns are calculated as per MUFAP guidelines

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

$900mn loan can defer IMF-dictated tariff hikeDr Sheikh unveils 6-pt plan to beat energy crisis
International Monetary Fund (IMF) may give more time to hike power tariff if Pakistan somehow wins a $900 million loan from Asian Development Bank (ADB) and World Bank (WB). Advisor to Prime Minister on Finance, Dr Abdul Hafiz Sheikh revealed this while talking to media here on Monday more... (FD)

67.75 percent decline in current account deficit
Pakistan's current account deficit has posted a declined of $5.677 billion or 67.75 percent during nine months of the current fiscal year, mainly due to higher inflows, sharp decline in trade deficit, and rising trend in services exports. The State Bank of Pakistan on Monday said that the country's current account deficit posted a decline of 67.75 percent during July-March period of fiscal year 2009-10 more... (BR)

LPG price slashed by Rs 3 to Rs 68 per kg
Marketing companies have slashed price of liquefied petroleum gas (LPG) by Rs 3 to 67 to 68 per kilogram in Karachi and Lahore due to piled up unsold stocks, touching 10,000 metric tons. This was stated by the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association Abdul Hadi Khan here on Monday. Price of 11.8 kg cylinder has been cut by Rs 30 to 35 to Rs 675-685 while 45.4 kg cylinder will be down by Rs 115-120 to Rs 2,585 to 2,600 more... (BR)

Politics

Terrorists attack police, JI rally in Peshawar
Twenty-four people were killed and at least 42 others were injured as the city was rocked by two explosions hours apart more... (D)

Second petition filed in SC against amendment
The day President Asif Zardari singed the 18th Constitutional Amendment bill into law, a second petition was moved in the Supreme Court challenging the constitution of a judicial commission for the appointment of superior court judges more... (D)

All named in UN report to be brought to book: Kaira
Federal minister for information & broadcasting Qamar-uz-Zaman Kaira affirmed that action will be taken against all those including former president Pervez Musharraf who are in anyway involved, according to investigative report of UN's commission, in assassination of Benazir Bhutto more... (FD)

Sector Briefing

Loan scam accused told to transfer his properties to BoP
The Supreme Court on Monday directed Haris Afzal, son of Sheikh Afzal, principal accused of Rs 9 billion Bank of Punjab loan scam to fulfil his commitment of transferring his movable and immovable properties to BoP within three days before the accountability court, when told the process was being delayed more... (BR)

Rs 2.2 billion paid for R&D to 1,146 textile units
The Ministry of Textile has disbursed Rs 2.2 billion among 1146 registered units on submission of their research and development (R&D) claims. Sources in the Textile Ministry told Business Recorder that the government had earmarked Rs 5.6 billion for R&D. To claim R&D dues it was mandatory to register all textile units with the Ministry of Textile more... (BR)

Violation of securities laws: 22 stockbrokers, stakeholders penalised
The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on 22 members of the stock exchanges and other market stakeholders for violation of securities laws pertaining to insider trading, price manipulation, short/blank selling, wash trades, broker misconduct and non-compliance of the listing regulations during last one year 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.