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April 26 , 2010
Statistics
KSE-100 Index
Previous Index 10,615.15
Current Index 10,607.03
Change % (0.08)%
YTD (CY10) 13.00%
YTD (FY10) 48.10%

International Indicators
  Close %age
BSE-30 17,694.20 0.68%
HANGSENG 21,244.49 (0.98)%
NIKKEI 255 10,914.46 (0.32)%
FTSE 5,723.60 1.03%
DJIA 11,204.28 0.63%
SSEC 2,983.54 (0.53)%
NASDAQ 2,530.15 0.44%

SCRA
April 22 , 2010 6.38
April, 2010 74.10
YTD 466.62

Money Market Updates
6m T-bill 07-Apr-10 12.35%
12m T-bill 07-Apr-10 12.41%
3m KIBOR 12.27%
6m KIBOR 12.34%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 111.10
Rs/UK 128.93
Rs/US 84.03
Rs/OR 218.56

Commodities
Oil $85.45/barrel
Oil Change in % 0.39%
Gold $1,158.10/ounce
Gold Change in % 0.38%

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-Mar-10) $(2.70)bn
Remittances (Jul -Mar 10) $6.55bn
Foreign Investment (Jul -Mar-10) $1.37bn
All Sch. Banks Deposit Base (Apr 17, 2010) Rs4,415bn

NAVs and Returns
as of April 23, 2010
Funds Offer Redemption
POBOP 47.6627/- 47.1861/-
Daily Return 7.96%
POAIIF 50.8896/- 50.3807/-
Daily Return 7.59%
POAIF 54.14/- 52.79/-
Daily Return (55.23)%
POASF 58.34/- 56.88/-
Daily Return 6.42%
POAF 10.9862/-
Daily Return 11.96%
*Daily Returns are calculated as per MUFAP guidelines

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

National Savings Schemes: government considers raising interest rates on individual investment
Federal government is considering for raising the interest rates on individual investments in instruments on offer under the National Savings Schemes (NSS) (Disallowing the corporate sector and provident and pension funds from investing in such instruments), ensuring that they are in real terms positive and sufficiently attractive more... (BR)

Hafeez highlights achievements at World Bank-IMF meetings
Pakistan's economy is transitioning from stabilisation to steady growth path as a result of key measures and some extremely difficult decisions it has taken under a challenging environment, Finance Advisor Dr Abdul Hafeez Shaikh highlighted in a series of meetings at the World Bank-IMF spring gathering of top finance and economic leaders more... (BR)

CPI inflation to be 12 percent against targeted 9.5 percent: IMF informed
Pakistan has informed the International Monetary Fund (IMF) that CPI inflation would be 12 percent, against 9.5 percent targeted in the budget for the current fiscal year, it is learnt. Sources said that the government in the Supplementary Memorandum of Economic and Financial Policies (SMEFP) has informed the IMF that electricity tariff adjustments and higher food prices would push the annual consumer price inflation up more... (BR)

Politics

PML-Q to table 19th amendment in parliament
Shujaat said the ruling coalition should avoid repeating mistakes it made while formulating the 18th amendment more... (D)

'Assassins of BB to be dealt with in light of UN report'
Member National Assembly (MNA) Syeda Nafisa Shah has said that assassins of Benazir Bhutto will be taken to task in the light of United Nations (UN) Report. She said this in a ceremony regarding renovation of Khairpur Railway Station costing Rs 19.95 million more... (BR)

'Roti Kapra aur Makan' slogan makers gave nothing to people: Altaf
Muttahida Qaumi Movement (MQM) chief, Altaf Hussain, has said the MQM conventions being held in three cities of Punjab-Rawalpindi, Lahore and Multan, are aimed at getting rid the people of feudal, landlords, vaderas and oppressors, saying that those, who raised the slogan of "Roti, Kapra and Makan" gave nothing to the people during the last 62 years more... (BR)

Sector Briefing

Six percent power tariff hike will be effective from April 1, 2010
Power tariff increase of 6 percent will be effective from April 1, 2010, Pakistan committed with the International Monetary Fund and assured it to retire the circular debt of Rs 116 billion next month, reliable sources told Business Recorder on Friday more... (BR)

KESC in no mood yet to use seven-gas-powered plants
Despite severe electricity shortages and reduction of 250 megawatts (MW) from the Water and Power Development Authority (Wapda), Karachi Electric Supply Company (KESC) seems to be in no mood to use the seven of its dysfunctional gas-based power plants for generating at least 175 MW more... (BR)

SECP needs to act before stock market plunges into crisis
The broker fraternity is often in conflict with those having low business, staring with a mixture of envy and jealousy at the few with fat more... (D)

(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.