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June 10 , 2010
Statistics
KSE-100 Index
Previous Index 9763.17
Current Index 9,678.38
Change % (0.86)%
YTD (CY10) 3.104%
YTD (FY10) 35013%

International Indicators
  Close %age
BSE-30 16,847.79 0.40%
HANGSENG 19,621.24 0.70%
NIKKEI 255 9,439.13 (1.00)%
FTSE 5,085.86 1.20%
DJIA 9,899.25 (0.41)%
SSEC 2,518.27 0.26%
NASDAQ 2,158.85 (0.54)%

SCRA
June 8 , 2010 0.21
June, 2010 2.10
YTD 502.35

Money Market Updates
6m T-bill 02-June-10 12.10%
12m T-bil 02-June-10 12.19%
3m KIBOR 12.25%
6m KIBOR 12.34%
10 yrs PIB 12.67%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 102.03
Rs/UK 123.22
Rs/US 85.42
Rs/OR 221.25

Commodities
Oil $72.31/barrel
Oil Change in % 2.99%
Gold $1,239.00/ounce
Gold Change in % (0.70)%

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 169.71mn
US$ Reserves (May 28, 2010) $16.01bn
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 June 9, 2010
Funds Offer Redemption
POBOP 45.9833/- 45.5235/-
Daily Return 5.35%
POAIIF 51.4086/-   50.8945/-
Daily Return 7.51%
POAIF 52.06/- 50.76/-
Daily Return -114.69%
POASF 54.74/- 53.37/-
Daily Return -95.50%
POAF 11.06/-
Daily Return 10.89%
*Daily Returns are calculated as per MUFAP guidelines

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

Khyber Pakhtunkhwa budget likely to increase to Rs 300 billion
The total outlay of Khyber Pakhtunkhwa (KP) budget for financial year 2010-11 is likely to amount to Rs 300 billion as against Rs 211 billion of the current financial year. The budget is scheduled to be presented in the provincial assembly on Saturday, June 12. more... (BR)

Sindh ADP fixed at Rs 133 billion: 2010-11 budget on Friday
The government of Sindh has decided to enhance its development outlay by 48 percent to Rs 133 billion under Annual Development Program (ADP) for the fiscal year 2010-11, it is learnt more... (BR)

Interior Ministry Budget Allocation: Rs 48 billion out of Rs 50 billion earmarked for capital's protection alone
The Interior Ministry's main focus on expenditure, as identified in the Federal Medium Term Budget Estimates (FMTBE), is for ensuring security of public at large with particular emphasis on Islamabad, as in 2010-11, out of Rs 50 billion budgetary allocation an amount of Rs 48 billion has been earmarked shielding the capital. In the FMTBE, Rs 50 billion has been allocated for 2010-11, which would be increased to Rs 56.1 billion in 2011-12 and to Rs 60.5 billion in 2012-13 more... (BR)

Politics

18th Amendment: referendum can be held to determine people's opinion: Chief Justice
Chief Justice Iftikhar Muhammad Chaudhry on Wednesday observed that the court would deliver such a verdict in 18th Amendment case that no one would be able point a finger as its fairness. "Parliament's power of constitutional amendment and judicial review cannot be restricted. We have to take into account all these aspects because it is all about our own future," observed the Chief Justice in response to Hamid Khan's argument that Parliament had a limited power to amend the Constitution more... (BR)

Hamesh Khan brings more trouble for Gujrat Chaudhrys
Former federal minister and leading business tycoon Jehangir Tareen has revealed that he was approached by Hamesh Khan to buy Phalia sugar mill, owned by the Chaudhrys of Gujrat, but he showed no interest to get into any such business deal more... (The News)


Sector Briefing

Punjab budget 2010-11: opposition seeks budgetary allocation for Kalabagh dam, new power plants
Opposition leader in Punjab Assembly Chaudhry Zaheeruddin Khan on Wednesday urged the Punjab government to allocate funds in the Punjab budget 2010-11 not only for the construction of Kalabagh dam but also for small power generation plants including mini atomic power houses to overcome power shortfall more... (BR)

ZTBL inks agreement with Chinese firm Xi'an
Zarai Taraqiati Bank Ltd (ZTBL) inked an agreement with Chinese firm M/s Xi'an Hong Yuan Equipment Ltd aiming at to introduce alternate energy technology for agriculture development in Pakistan. The Memorandum of Understanding was signed here at ZTBL, Head Office by Huang Minzhu of Xi'an Hong Yuan while Amna Imran, SEVP signed it on behalf of ZTBL.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.