BasedLine
LOGO
July 07, 2010
Statistics
KSE-100 Index
Previous Index 9,637.97
Current Index 9,575.20
Change % (0.65)%
YTD (CY10) 2.01%
YTD (FY11) (1.51)%

International Indicators
  Close %age
BSE-30 17,614.48 0.99%
HANGSENG 20,084.12 1.20%
NIKKEI 255 9,338.04 0.80%
FTSE 4,965.00 2.90%
DJIA 9,743.62 0.59%
SSEC 2,409.42 1.92%
NASDAQ 2,093.88 0.10%

SCRA
July 02 , 2010 2.73
June, 2010 68.40
YTD (FY10) 568.87

Money Market Updates
6m T-bill 16-June-10 12.10%
12m T-bil 16-June-10 12.19%
3m KIBOR 12.26%
6m KIBOR 12.35%
10 yrs PIB 12.67%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 107.43
Rs/UK 129.77
Rs/US 85.63
Rs/OR 219.69

Commodities
Oil $72.01/barrel
Oil Change in % 0.04%
Gold $1,190.70/ounce
Gold Change in % (0.37)%

Inflation
CPI Gen. - YoY (May-10) 13.1%
CPI Gen. - FY10 (Jul -09-May 10) 11.6%
NFNE Core INFL - YoY (May-10) 10.3%
NFNE Core INFL - FY10 (Jul-09-May-10) 11.1%

Economic Indicators
GDP Growth FY10E 4.10 %
Per Capita Income $ 1,051
Population 169.73mn
US$ Reserves (Jun 25, 2010) $15.83bn
Trade Balance (Jul-May 10) $(13.88)bn
Curr. A/C (Jul-May-10) $(2.98)bn
Remittances (Jul -May 10) $8.06bn
Foreign Investment (Jul -May-10) $1.89bn
All Sch. Banks Deposit Base (Jun 25, 2010) Rs4,661bn

NAVs and Returns
as of June 30, 2010
Funds Offer Redemption
POBOP 47.7816/- 47.3038/-
Daily Return (70.93)%
POAIIF 53.4703/-   52.9356/-
Daily Return (99.99)%
POAIF 54.12/- 52.77/-
Daily Return (117.21)%
POASF 51.54/- 50.25/-
Daily Return 21.80%
POAF 11.1147/-
Daily Return 5.05%
*Daily Returns are calculated as per MUFAP guidelines

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

FBR-KSE committee on CGT to meet Friday
The first meeting of the FBR-KSE committee on Capital Gains Tax (CGT) will be held at Karachi Stock Exchange (KSE) on Friday. The FBR team would be headed by Member Direct Tax, Israr Rauf while the KSE team includes Managing Director Adnan Afridi, Arif Habib, Yasin Lakhani, Dawood Jan Muhammad and Farrukh Waqaruddin Junaidi more... (BR)

Monetary growth touches double-digit mark
The monetary growth finally entered the double-digit figure after a gap of one year in the last week of the previous fiscal 2009-10 indicating more... (D)

Transportation of Indian goods to Afghanistan via Wahgah: Pakistan says no to proposal
Pakistan has outrightly rejected an Afghan proposal to allow transit facility for transportation of Indian goods to Afghanistan through Wagha border under the proposed Afghanistan Pakistan Transit Trade Agreement (APTTA) more... (BR)

 

Politics

CIA and ISI locked in aggressive spy battles?
A Pakistani man approached CIA officers in Islamabad last year, offering to give up secrets of his country's closely guarded nuclear program. To prove he was a trustworthy source, he claimed he had spent nuclear fuel rods. But the CIA had its doubts. Before long, the suspicious officers had concluded that Pakistan's spy agency, the Inter-Services Intelligence, was trying to run a double agent against them more... (BR)

Reshuffle in bureaucracy on the cards
The reshuffle is said to have been ‘necessitated’ by a protest lodged by the CM Sindh against top finance ministry officials more... (D)

Rehman Malik, Rana Sanaullah in war of words
A row between the centre and Punjab on the issue of security has intensified after recent incidents of terrorism in Lahore more... (D)


Sector Briefing

PSO to bear the brunt of fuel transportation cost after IFEM deregulation
The cash strapped state run Oil Marketing Company (OMC) Pakistan State Oil is going to bear the brunt of fuel transportation cost after de-regulation of Inland Freight Equalisation Margin (IFEM) as Economic Co-ordination Committee (ECC) of the cabinet has decided that PSO will provide subsidy to far flung areas from its own margins, Business Recorder has learnt reliably more... (BR)

Import of 50,000 MT of Urea: TCP awards tender to M/s. Helm Dungemittel
The Trading Corporation of Pakistan (TCP) has awarded tender for import of 50,000 MT Urea to the lowest bidder, M/s. Helm Dungemittel, GMBH more... (BR)

Conditions for new car makers relaxed
The government has relaxed conditions for new car manufacturers in an attempt to attract new investment in the auto sector but is hesitant to allow commercial import of used cars as was suggested by the Ministry of Industries and Production (MoIP) in a not too well argued proposal, sources close to Secretary Industries told Business Recorder 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

Separator

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.