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April 27 , 2010
Statistics
KSE-100 Index
Previous Index 10,607.03
Current Index 10,556.37
Change % (0.48)%
YTD (CY10) 12.46%
YTD (FY10) 47.39%

International Indicators
  Close %age
BSE-30 17,745.28 0.29%
HANGSENG 21,587.06 1.60%
NIKKEI 255 11,165.79 2.30%
FTSE 5,753.85 0.50%
DJIA 11,205.03 0.01%
SSEC 2,969.50 (0.47)%
NASDAQ 2,522.95 (0.28)%

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 12.28%
6m KIBOR 12.35%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 112.42
Rs/UK 129.73
Rs/US 84.18
Rs/OR 215.86

Commodities
Oil $83.85/barrel
Oil Change in % (0.42)%
Gold $1,155.50/ounce
Gold Change in % 0.13%

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 26, 2010
Funds Offer Redemption
POBOP 47.6925/- 47.2156/-
Daily Return 7.90%
POAIIF 50.9203/- 50.4111/-
Daily Return 7.62%
POAIF 54.01/- 52.66/-
Daily Return (29.96)%
POASF 58.09/- 56.64/-
Daily Return (51.34)%
POAF 11.0024/-
Daily Return 19.63%
*Daily Returns are calculated as per MUFAP guidelines

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

Next year's PSDP may be slashed by 30pc
Facing serious fiscal constraints, the government has firmed up a Rs310 billion federal Public Sector Development Programme (PSDP) for the more... (D)

NSS piles up Rs169.4bn in 9MMarch NSS deposits down 67pc YoY
NS bonds fetch Rs3.7bn in March
Net investment in National Savings Schemes (NSS) surged 5.83 billion to Rs169.4 billion in the first nine months of fiscal year 2009-10 against Rs163.57 billion during the same period last fiscal year more... (FD)

FY11 budget to bear no new tax but CGTGovt to approve VAT before budget
Agri, education, health, infrastructure funds may increase
Sources in Ministry of Finance Monday said the government might step up the funding for agriculture, education, health, and infrastructure sectors in the F11 budget along with more spending in public welfare oriented projects more... (FD)

Politics

Gilani, Singh may meet one-on-onePM sees Saarc as a peacemaker
Prime Minister Yousuf Raza Gilani Monday said Pakistan attached great importance to eight-nation South Asian Association for Regional Cooperation (SAARC) and desired to make it a vibrant body for regional cooperation and peace more... (FD)

Benazir's assassination: MI asked to provide phone record of its former chief
The fact-finding committee set up by the prime minister to ascertain the responsibility of hosing down the Liaqat Road after assassination of PPP leader Benazir Bhutto, has asked the Military Intelligence (MI) to provide complete telephonic record of the then Director General MI, Major General Nadeem Ejaz, during the last week of December, 2007 more... (BR)

India-Pakistan cloud hangs over South Asia summit
A familiar game of "will they-won't they" centred on a possible meeting between the leaders of India and Pakistan looks set to overshadow a summit of South Asian nations in Bhutan this week. The summit is supposed to culminate in a joint declaration entitled "Towards a Green and Happy South Asia", but with the region's bitterest rivals barely on speaking terms, there is unlikely to be much cheer to spread around more... (BR)

Sector Briefing

Sara Suri field's sale to State Canada: OGDCL Board chairman may lose office
Chairman Board of Directors (BoD) of Oil and Gas Development Company Limited (OGDCL), Farooq Rehmatullah, may lose office due to the tussle with Managing Director (MD) OGDCL over the sale of a very promising field, Sara Suri, located in Sindh to a new entrant, State Canada, Business Recorder has learnt more... (BR)

Telecom industry witnessed FDI growth in 2009
Pakistan Telecommunication Authority (PTA) Chairman Dr Muhammad Yasin has said the country has witnessed encouraging foreign direct investment in the telecom industry during last year while it is improving gradually. He was responding to newsmen after addressing the 3rd Global TeleCON on "Taking Pakistan to the next level of technology frontiers", organised by SHAMROCK Communications (Private) Limited, more... (BR)

Handling of $100 million Saudi urea at Gwadar: TCP, PSAG and stevedore companies in litigation
The smooth handling of thousands of tonnes urea imported from Saudi Arabia on deferred payment of around $100 million may be clouded at Gwadar Port where the clash in relevant rules is said to have brought the Singaporean operator and local users at loggerhead with each other 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.