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Aug 03 , 2010
 
Statistics
KSE-100 Index
Previous Index 10,519.02
Current Index 10,373.53
Change % (1.38)%
YTD (CY10) 10.51%
YTD (FY11) 6.70%

International Indicators
  Close %age
BSE-30 18,081.21 1.19
HANGSENG 21,412.79 1.82
NIKKEI 255 9,570.31 0.40
FTSE 5,397.11 2.70
DJIA 10,674.38 1.99
SSEC 2,672.52 1.33
NASDAQ 2,295.36 1.80

SCRA
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 12.67%
6m KIBOR 12.76%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 111.94
PKR/GBP 133.83
PKR/USD 85.76
PKR/OMR 218.83

Commodities
Oil $81.40/barrel
Change in % 0.07
Gold $1,185.20/ounce
Change in % (0.02)

Inflation
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 August 02, 2010
Funds Offer Redemption
POBOP 46.4785/- 46.0137/-
Daily Return (49.71)%
POAIIF 51.0006/-   50.4906/-
Daily Return 7.50%
POAIF 55.03/- 53.65/-
Daily Return (96.74)%
POASF 53.88/- 52.53/-
Daily Return (73.67)%
POAF 11.0863 /-
Daily Return 11.48%
*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-
Economy

Exports at $19.383 billion post 3.1 percent growth in 2009-10
The country's exports for financial year 2009-10 have been calculated at a historic figure of $19.383 billion, exceeding the $18.8 billion target by $0.58 billion, or 3.1 percent. Besides exports, Pakistan's imports also showed a slightly negative growth, of 0.3 percent, as it these declined from $34.822 billion to $34.710 billion during the financial year ending June 2010 more... (BR)

POL prices after deregulation: Ogra presents alarming picture before ECC
The Oil and Gas Regulatory Authority (Ogra) has presented an alarming picture to the Economic Co-ordination Committee (ECC) of the Cabinet, saying that after deregulation, ex-depot price of petrol would rise ranging from Rs 2.06 to Rs 12.19 per litre across the country, Business Recorder has learnt more... (BR)

Monsoon rains may cause Rs 30 billion damage to crops, livestock
Pakistan's farm sector may suffer a loss in excess of Rs 30 billion due to damage to standing crops and livestock sector due to the unprecedented heavy monsoon rains in the country. This was stated by the Chairman of Pakistan Agri Forum, Ibrahim Mughal, while talking to Business Recorder more... (BR)

 

 

 

 

 

 

Politics

Karachi descends into deadly violence after killing of MQM MPA: 35 killed, 127 injured
The city descended into violence after a member of the provincial assembly of Sindh from Muttahida Qaumi Movement was gunned down on Monday evening in a drive-by shooting. As soon as the television channels broadcast the killing of Syed Raza Haider the city, fearing a strong backlash, descented into disorder with incidents of firing, traffic jam, and closure of commercial centers reported from across the metropolis more... (BR)

US hints at operation in Pakistan
During an interview with the ABC channel on Monday, US Secretary of Defence Robert Gates hinted at carrying out an operation in Pakistan along with Afghanistan in order to root out the Haqqani network, reports said more... (D)


'France sees Pakistan as partner': Zardari

France sees Pakistan as a reliable friend, President Zardari said after meeting his French counterpart in Paris more... (D)

 

 

 

 

Sector Briefing

20 percent fertiliser industry gas curtailment: MoIP meeting to discuss its impact today
The Ministry of Industries and Production (MoIP) is holding a meeting on Tuesday to discuss the impact of 20 percent curtailment of gas from fertiliser industry, following Energy Summit decision to continue supply of gas to power sector, sources told Business Recorder more... (BR)

Duties, other levies push up car prices
In the current high inflation scenario, car prices could be reduced if duties were brought at India's level. Duties and levies push up car prices, industry sources told Business Recorder here on Monday, adding that taxes on cars manufactured in Pakistan are higher than the duties and levies charged for locally manufactured cars in India and Thailand more... (BR)

TRG sells 2 overseas subsidiaries
TRG Pakistan Limited -- the lone listed company on stock market ‘support services’ sector--announced on Monday the successful closing (on July more... (D)

KSE Notices

OGDC - Board Meeting
Board of directors meeting of the company is scheduled to be held on August 12, 2010 at 10:00 am to consider the annual account for the year ended June 30, 2010 and for declaration of entitlement. if any more... (KSE)

Meezan Bank - Financial result for 1H-CY10
Board of directors have declared financial result 1H-CY10 for the period ended June 30, 2010. PAT PKR718.90 million, EPS PKR1.03 per share more... (KSE)

Lakson Tobacco - Financial result for 1H-CY10
Board of directors have announced financial result for the year ended June 30, 2010. PAT PKR626.68 millions, EPS PKR10.18 per share more... (KSE)

Tariq Glass - Financial result for FY10
Board of directors have announced financial result for the year ended June 30, 2010. PAT PKR141.72 millions, EPS PKR6.14 per share. The board have also declared a final dividend of PKR1 per share more... (KSE)

 

 

 

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