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July 13, 2010
Statistics
KSE-100 Index
Previous Index 9,974.40
Current Index 9,979.07
Change % 0.05%
YTD (CY10) 6.31%
YTD (FY11) 2.65%

International Indicators
  Close %age
BSE-30 17,933.17 0.56%
HANGSENG 20,467.43 0.44%
NIKKEI 255 9,548.11 (0.39)%
FTSE 5,167.02 0.66%
DJIA 10,216.27 0.18%
SSEC 2,470.92 (1.04%)
NASDAQ 2,198.36 0.09%

SCRA
July 09 , 2010 0.48
June, 2010 68.40
YTD (FY10) 7.5

Money Market Updates
6m T-bill 16-June-10 12.10%
12m T-bil 16-June-10 12.19%
3m KIBOR 12.30%
6m KIBOR 12.37%
10 yrs PIB 12.99%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO 107.67
Rs/UK 128.37
Rs/US 85.80
Rs/OR 220.97

Commodities
Oil $74.6/barrel
Oil Change in % (1.44)%
Gold $1,199.30/ounce
Gold Change in % (0.83)%

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 169.99mn
US$ Reserves (July 02, 2010) $16.77bn
Trade Balance (Jul-May 10) $(13.88)bn
Curr. A/C (Jul-May-10) $(2.98)bn
Remittances (Jul -June 10) $8.91bn
Foreign Investment (Jul -May-10) $1.89bn
All Sch. Banks Deposit Base (July 02, 2010) Rs4,775bn

NAVs and Returns
as of July 12, 2010
Funds Offer Redemption
POBOP 46.8644/- 46.3958 /-
Daily Return 8.79%
POAIIF 50.7813/-   50.2735/-
Daily Return 8.79%
POAIF 53.72/- 52.32/-
Daily Return 13.95%
POASF 52.28/- 52.38 /-
Daily Return (16.71)%
POAF 11.1592 /-
Daily Return 10.92%
*Daily Returns are calculated as per MUFAP guidelines

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

Pakistan achieves highest ever exports mark of $19.3 billion
Pakistan has achieved it's highest ever exports mark of $19.3 billion in the fiscal year 2009-10 (FY10), Business Recorder learnt Monday. According to official sources in the Trade Development Authority of Pakistan (TDAP), the country has so far recorded exports worth $19.3 billion which not only exceeds the target set for exports in FY10 ie $18.8 billion, but also eclipses the previous best recorded at $19.05 billion in FY08 more... (BR)

July-June 2009-10: CPI inflation rises by 11.73 percent
The CPI inflation measure rose by 11.73 percent during July-June 2009-10 over the previous year largely because of increase in the price of essential commodities that, it is feared, has pushed more people below the poverty line. Official figures on monthly inflation released by Federal Bureau of Statistics (FBS) on Monday showed that price of perishable food items rose by 20.76 percent followed by 16.36 percent increase in the cost of fuel and electricity more... (BR)

Dollar traded at Rs86.05: Record reserves fail to strengthen rupee
Despite record reserves of the dollar and its all-time high inflows in the form of remittances, the local currency continued to decline more... (D)

 

Politics

Prime Minister to help resolve Sindh-Punjab dispute: meeting on CJ link canal today
Prime Minister Syed Yousuf Raza Gilani is expected to resolve the controversy between Sindh and Punjab over opening of Chashma Jehlum (CJ) link canal at a high level inter provincial meeting to be held in Islamabad on Tuesday (today) more... (BR)

Removal of Taliban leaders from terror list sought: report
Afghan President Hamid Karzai plans to seek the removal of up to 50 former Taliban officials from a UN terrorism list in a bid to advance reconciliation talks with insurgents, The Washington Post reported Sunday. Officially, the Karzai government has set pre-conditions for any peace talks with insurgents, saying that militants first would have to renounce violence, accept the Afghan constitution, and rescind ties with "international terrorist groups." more... (BR)

Pak, India set to retest talksS M Krishna arriving on 14th
Indian External Affairs Minister S M Krishna will visit Islamabad from July 14-16 for discussions with his Pakistani counterpart Shah Mehmood Qureshi to work out modalities for restoring trust and confidence in relations between the two countries more... (FD)


Sector Briefing

Cash-strapped PSO seeks Rs 50 billion from Pepco: receivables stand at Rs 128.6 billion
Pakistan State Oil (PSO), fearing default to international fuel suppliers that would break the entire fuel supply chain to the country has requested Pakistan Electric Power Company (Pepco) to immediately provide Rs 50 billion to bail out it from financial woes, Business Recorder has learnt more... (BR)

Auto sales increase by 42.6 percent
Auto sales significantly increased by 42.6 percent on year-on-year basis to 141,654 units in the FY10 as compared to 99,310 units sold in FY09. According to auto sales numbers released by the Pakistan Automotive Manufacturers Association (PAMA) the sector has made a strong recovery during FY10 more... (BR)

'MCB Leasing' in Azerbaijan
MCB Bank Limited is launching the formal operations of its subsidiary 'MCB Leasing' - Closed Joint Stock Company (CJSC) in Baku, Azerbaijan from July 13, 2010. According to an information sent to Karachi Stock Exchange (KSE) here on Monday, MCB Leasing was established after obtaining all the required regulatory approvals, with share capital of one million dollars with 95 equity shares held by MCB bank and the remaining five percent of the shares are held by a renowned Azerbaijani businessman more... (BR)

 

KSE Notices

Nishat Chunian Limited
Board of directors in their meeting held on July 12, 2010 approved an increase an investment from US$10 million to US$20 million by way of loan/advances in subsidiary of the Company i.e. Nishat Chunian Power Limited more... (KSE)

Netsol Technologies Ltd. - Board Meeting
Board of Directors meeting will be held on July 19, 2010 at 04:00pm at Lahore to consider and discussion some acquisition affairs more... (KSE)

 

(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily
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.