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April 30 , 2010
Statistics
KSE-100 Index
Previous Index 10,519.02
Current Index 10,454.63
Change % (0.61)%
YTD (CY10) 11.37%
YTD (FY10) 45.97%

International Indicators
  Close %age
BSE-30 17,503.47 0.71%
HANGSENG 20,778.92 (0.81)%
NIKKEI 255 10,924.79 (2.60)%
FTSE 5,617.84 0.60%
DJIA 11,167.32 1.10%
SSEC 2,868.43 (1.10)%
NASDAQ 2,511.92 1.63%

SCRA
April 28 , 2010 5.60
April, 2010 114.72
YTD 507.24

Money Market Updates
6m T-bill 07-Apr-10 12.35%
12m T-bill 07-Apr-10 12.41%
3m KIBOR 12.24%
6m KIBOR 12.33%
10 yrs PIB 12.53%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 111.15
Rs/UK 127.55
Rs/US 84.07
Rs/OR 216.23

Commodities
Oil $85.41/barrel
Oil Change in % 0.28%
Gold $1,172.50/ounce
Gold Change in % 0.32%

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 23, 2010) 14.98bn
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 24, 2010) Rs4,430bn

NAVs and Returns
as of April 29, 2010
Funds Offer Redemption
POBOP 46.7064/- 46.2393/-
Daily Return (93.58)%
POAIIF 50.9935/- 50.4836/-
Daily Return 45.88%
POAIF 53.76/- 52.42/-
Daily Return (55.62)%
POASF 57.63/- 56.19/-
Daily Return (135.90)%
POAF 11.0037/-
Daily Return 11.20%
*Daily Returns are calculated as per MUFAP guidelines

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

Fund's board to meet in mid-May: electricity crisis stifling economy, says IMF
The International Monetary Fund's board will meet in mid-May to approve the next tranche of Pakistan's $11.3 billion loan but Islamabad must do more to tackle rising inflation and overcome power shortages that stifle the economy, the IMF said on Thursday more... (BR)

CFLs project: ADB pledges $40 million
The Asian Development Bank (ADB) has pledged $40 million for energy efficient and cost-effective compact fluorescent lamps (CFLs) project. ADB and the Government of Pakistan on Thursday entered into an agreement in this regard. Secretary Economic Affairs Division (EAD) on behalf of the Government of Pakistan and Rune Strome, Country Director on behalf of ADB signed the agreement more... (BR)

Pakistan to get $600mn under US program: Pentagon
The US is in arrears in paying two billion dollars in military aid to Pakistan under the Coalition Support Fund more... (D)

Politics

‘Pakistan has moved 100,000 troops from eastern border'
“This deployment...indicates that Islamabad has acknowledged its domestic insurgent threat.” more... (D)

Verdict on NRO: should we issue notice to Prime Minister: Supreme Court judge
Non-compliance of its verdict on National Reconciliation Ordinance (NRO) is a serious cause of concern for the Supreme Court and on Thursday it led the court to ask whether it should ask the Prime Minister for the implementation since government functionaries were not doing the needful more... (BR)

India agrees to resume Composite Dialogue
After a gap of 14 months, Pakistan and India on Thursday agreed to resume composite dialogue process, that were suspended after the Mumbai attacks. This was announced after a meeting between Prime Minister Syed Yusuf Raza Gilani and his Indian counterpart Manmohan Singh at Bhutan House on the sidelines of the 16th South Asian Association of Regional Co-operation (Saarc) summit more... (BR)

Sector Briefing

Body to cut 20 percent gas supply to fertiliser units
A co-ordination committee is formed to cut 20 per cent gas supply to fertiliser units. Federal Ministry for Industries and Production chaired a meeting here on Thursday formed a committee to implement the energy diversion strategy approved by Prime Minister Syed Yousuf Raza Gilani in energy summit meeting. This step has been taken to divert gas from fertiliser units to power generation sector in order to relieve masses from the intensity of the loadshedding more... (BR)

PSO receivables touch Rs118bn
The receivables of the Pakistan State Oil (PSO) from various power producers and a national carrier, which was Rs108 billion on March 31, has more... (D)

PTCL after tax profit increases
The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has increased to Rs 2.505 billion in the quarter ended March 31, 2010 as compared to Rs 1.909 billion in the corresponding period in 2009. The company's earning per share surged to Rs 0.49 in the period under review against Rs 0.37 in the same period a year back 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.