Aug 02 , 2010
KSE-100 Index
Previous Index 10,438.66
Current Index 10,519.02
Change % 0.77%
YTD (CY10) 12.06%
YTD (FY11) 8.20%

International Indicators
  Close %age
BSE-30 17,868.29 (0.69)
HANGSENG 21,029.81 (0.30)
NIKKEI 255 9,537.30 (1.60)
FTSE 5,258.02 (1.10)
DJIA 10,465.94 (0.01)
SSEC 2,668.03 1.93
NASDAQ 2,254.70 0.13

July 29, 2010 2.85
June, 2010 68.40
YTD (FY10) 25.13

Money Market Updates
6m T-bill 28-Jul-10 12.33%
12m T-bil 28-Jul-10 12.45%
3m KIBOR 12.33%
6m KIBOR 12.42%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 111.94
PKR/GBP 133.83
PKR/USD 85.75
PKR/OMR 221.63

Oil $79.14/barrel
Change in % 1.3
Gold $1184.90/ounce
Change in % 1.15

CPI Gen. - YoY (Jun-10) 12.7%
CPI Gen. - FY10 (Jul -09-June 10) 11.7%
NFNE Core INFL - YoY (June-10) 10.4%
NFNE Core INFL - FY10 (Jul-09-June-10) 11.0%

Economic Indicators
GDP Growth FY10E 4.10 %
Per Capita Income $ 1,051
Population 170.14mn
US$ Reserves (July 23, 2010) $16.56bn
Trade Balance (Jul-Jun 10) $(15.33)bn
Curr. A/C (Jul-Jun-10) $(3.51)bn
Remittances (Jul -June 10) $8.91bn
Foreign Investment (Jul -Jun-10) $2.14bn
All Sch. Banks Deposit Base (July 23, 2010) Rs4,646bn

NAVs and Returns
as of July 30, 2010
Funds Offer Redemption
POBOP 46.7418/- 46.2744/-
Daily Return 7.19%
POAIIF 50.9703/-   50.4606/-
Daily Return 7.5%
POAIF 55.47/- 54.08/-
Daily Return 210.43%
POASF 54.21/- 52.85/-
Daily Return 110.84%
POAF 11.0764 /-
Daily Return 10.88%
*Daily Returns are calculated as per MUFAP guidelines

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

LNG import, terminal for power generation: EVTL and Kapco jointly seek government approval
EVTL and Kapco have jointly sought approval from the government to import liquefied natural gas (LNG) and setting up terminal for power generation purposes, Business Recorder has learnt. The Kapco intends to import LNG for power generation purposes. SSGC/SNGPL have already assured transport of RLNG to Kapco's power plants, subject to finalisation of GTRA with Kapco more... (BR)

Offshorers buy $12.6mn shares
Foreign portfolio investment in KSE last week
Following the previous week trend, offshore investors once again remained the net-buyer in Pakistan equity market with $12.68 million worth of buying during the last week as per the National Clearing Company of Pakistan Limited (NCCPL) data. more... (TFD)

Pak-Afghan trade pact gets words of praise
The recently concluded transit trade pact between Pakistan and Afghanistan is the most significant agreement between the two neighbours in half a century, a top US official said.
"I believe we have made dramatic steps forward and we're not there yet. It's a work in progress but if I may just be specific, I would not dismiss the transit trade agreement as merely a trade agreement," Richard Holbrooke, the Special US representative for Pakistan and Afghanistan, told a congressional hearing. more... (TFD)







Scheduled UK visit arouses criticism: Zardari leaves for France
President Asif Ali Zardari on Sunday left for a week-long visit to France and the United Kingdom amid widespread criticism from different political and religious parties. President Zardari would spend two days in France, followed by visit to the United Kingdom, where he would address a party gathering and Pakistani community. more... (BR)

Zardari, Nawaz lack self-respect: Imran
Tehrik-i-Insaaf chief Imran Khan has termed the remarks passed by British Prime Minister David Cameron insulting, saying it is not for the first time that such derogatory comments have been ignored. more... (D)

PM urges US role in resolution of issues
US Consul General in Lahore calls on Prime Minister
People-to-people contact to strengthen long-term ties: Prime Minister Syed Yousuf Raza Gilani said Sunday that people to people contacts and exchange of parliamentary delegations could further strengthen long-term strategic relations between the USA and Pakistan. more... (TFD)





Sector Briefing

PSO restores furnace oil supply to power sector: Minister promises to pay Rs 24.7 billion
The Pakistan State Oil (PSO) has restored furnace oil supply to Hubco and Kapco, on credit basis, after the Minister of Water and Power, Pervez Ashraf, pledged to provide Rs 24.7 billion to it. more... (BR)

Fertilizer sector grows 58pc in 1H

Four big firms’ 1HCY10 earnings up Rs3.6bn. Fertiliser sector has shown a phenomenal growth of 58 per cent in their profitability during the first half of calendar year 2010 more... (TFD)

Power sector circular debt haunts govt
The issue of circular debt of the energy sector is surfacing again after the debt crossed the Rs179 billion mark last week despite instructions given by Prime Minister Yousuf Raza Gilani in April that it should be eliminated within 15 days and Rs301 billion responsibility be transferred to the federal government more... (D)

KSE Notices

Habib Bank Limited
Financial Results for Habib Bank Limited have been declared for the Half year period ended June 30, 2010. PAT = PKR2417mn EPS = PKR1.97 more... (KSE)

Bank Al Habib Limited
Board of Directors Meeting of Bank Al Habib Limited is scheduled to be held on August 9, 2010 at 12.30pm more... (KSE)

The Hub Power Company Limited
Board of Directors Meeting of The Hub Power Company Limited is scheduled to be held on August 9, 2010 at 10.00am more... (KSE)




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