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May 28 , 2010
Statistics
KSE-100 Index
Previous Index 9,611.55
Current Index 9,439.97
Change % (1.79)%
YTD (CY10) 0.57%
YTD (FY10) 31.80%

International Indicators
  Close %age
BSE-30 16,774.00 0.65%
HANGSENG 19,431.37 1.22%
NIKKEI 255 9,639.72 1.20%
FTSE 5,195.17 3.10%
DJIA 10,258.99 2.85%
SSEC 2,645.69 (0.39)%
NASDAQ 2,277.68 3.73%

SCRA
May 25, 2010
(0.70)
May, 2010 14.47
YTD 535.25

Money Market Updates
6m T-bill 19-May-10 12.09%
12m T-bil l19-May-10 12.17%
3m KIBOR 12.12%
6m KIBOR 12.24%
10 yrs PIB 12.61%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 104.30
Rs/UK 123.30
Rs/US 85.07
Rs/OR 218.88

Commodities
Oil $74.66/barrel
Oil Change in % 3.93%
Gold $1,219.60/ounce
Gold Change in % (0.29)%

Inflation
CPI Gen. - YoY (Apr-10) 13.3%
CPI Gen. - FY10 (Jul -09-Apr 10) 11.5%
NFNE Core INFL - YoY (Apr-10) 10.6%
NFNE Core INFL - FY10 (Jul-09-Apr-10) 11.2%

Economic Indicators
GDP Growth FY10E 4.10 %
Per Capita Income $ 1,046
Population 169.60mn
US$ Reserves (May 21, 2010) $15.95bn
Trade Balance (Jul-Apr 10) $(12.24)bn
Curr. A/C (Jul-Apr-10) $(3.06)bn
Remittances (Jul -Apr 10) $7.31bn
Foreign Investment (Jul -Apr-10) $1.73bn
All Sch. Banks Deposit Base (Apr 24, 2010) Rs4,430bn

NAVs and Returns
as of May 27, 2010
Funds Offer Redemption
POBOP 45.9947/- 45.5348 /-
Daily Return 8.00%
POAIIF 51.2762/-   50.7634/-
Daily Return 7.38%
POAIF 51.79/- 50.50/-
Daily Return (236.97)%
POASF 54.64/- 53.27/-
Daily Return (190.85)%
POAF 11.08/-
Daily Return (0.01)%
*Daily Returns are calculated as per MUFAP guidelines

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

FX reserves grow up to hit $15.95bn
ountry's foreign exchange reserves stood at $15.95 billion in the week ending May 21, up from $15.05 billion the previous week, a central bank official said Thursday more... (TFD)

Rupee ends down, but CSF money helps trim early losses
The release of $288 million Coalition Support Fund (CSF) by the United States helped the rupee to regain some lost ground on Thursday to end marginally down against the dollar, dealers said more... (The News)

Politics

SC directs Tariq Khosa to probe BoP loan scam; CJ apprehends embezzlement in trillions
Much to the consternation of the land's dirty and mighty, the Supreme Court (SC) on Thursday ordered constitution of an investigation team, headed by the highly respected former director general, FIA more... (The News)

Parliament's right to legislate can't be curtailed: govt
he federal government submitted on Thursday its reply to petitions challenging the 18th Amendment and said that no doctrine, maxim or theory could curtail or fetter parliament's rights to legislate more... (D)

Sector Briefing


Urea sales fall 4.9pc; DAP down by 2.9pc
Total nutrient offtake depicts 6.1 per cent fall to reach at 1.1 million tonnes in first four-month of calendar year 2010 (4MCY10) against 1.17 million tonnes in the same period last year, as revealed by the recent data released by National Fertilizer Development Centre (NDFC) more.. (TFD)


ZTBL disburses Rs 204 billion during last three years
The Zarai Taraqiyati Bank Limited (ZTBL) has disbursed loans of Rs 204.290 billion to the farmers across the country during the last three years. Official sources told this agency here on Thursday, out of the said amount, the bank granted loans of Rs 77.680 billion in 2009, Rs 70.698 billion in 2008 and Rs 55.912 billion in 2007 more... (BR)

To avoid six percent hike in power tariff: $10 million aid may be sought from Saudi Arabia, UAE

The federal government is considering seeking financial assistance of $10 million from Saudi Arabia/United Arab Emirates (UAE) for Pakistan Electric Power Company (Pepco) instead of increasing electricity rates by 6 percent as was agreed with the World Bank, IMF and the ADB 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
    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.