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Aug 04 , 2010
 
Statistics
KSE-100 Index
Previous Index 10,373.53
Current Index 10,388.64
Change % 0.14%
YTD (CY10) 10.67%
YTD (FY11) 6.86%

International Indicators
  Close %age
BSE-30 18,114.83 0.19
HANGSENG 21,457.66 0.21
NIKKEI 255 9,694.01 1.30
FTSE 5,396.48 (0.63)
DJIA 10,636.38 (0.36)
SSEC 2,672.52 (2.15)
NASDAQ 2,283.52 0.52

SCRA
July 30, 2010 2.68
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 113.09
PKR/GBP 136.40
PKR/USD 85.90
PKR/OMR 220.97

Commodities
Oil $82.14/barrel
Change in % 0.91
Gold $1,194.30/ounce
Change in % 0.76

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 170.18mn
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 03, 2010
Funds Offer Redemption
POBOP 46.4874/- 46.0225/-
Daily Return 7.23%
POAIIF 51.0107/-   50.5006/-
Daily Return 7.50%
POAIF 54.90/- 53.53/-
Daily Return (81.64)%
POASF 53.79/- 52.45/-
Daily Return (55.59)%
POAF 11.0903 /-
Daily Return 13.17%
*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

Violence in Karachi: traders suffer Rs 10 billion losses
Traders suffered about Rs 10 billion business losses, during two days' widespread violence, said traders' representatives on Tuesday. They expressed fears about future of Rs 2 billion orders for Eid ul Fitr which could slip out of traders' hands if the government did not restore peace in the city. more... (BR)


Domestic debts rise to record Rs 4.6 trillion

The country's domestic debts surged by Rs 792 billion to Rs 4.6 trillion in fiscal year 2009-10 due to significant rise in fiscal deficit, revenue shortfall, and slow-down in privatisation process. The State Bank said that during the last fiscal year the government had raised its reliance on domestic debts to meet its financial requirements, and the massive borrowing had put the domestic debt at all-time high level by the end of June this year. more... (BR)

Canada gives $2mn in aid to flood-hit Pakistan
Canada announced Tuesday it was providing two million dollars worth of emergency aid for thousands of victims of Pakistan's worst floods in 80 years. more... (D)

 

 

 

 

 

 

Politics

Afghan war in the losing: Zardari
Afghan war in the losing: ZardariPresident hopes a frank talk with Cameron may clear air
PARIS: President Asif Ali Zardari said Tuesday the international community was losing the war against the Afghan Taliban and rebuked Britain's Prime Minister David Cameron for questioning Islamabad's resolve. more... (TFD)

Gilani says Khi peace calls for reconciliation
Special cabinet meeting to discuss flood situation convened today. Prime Minister Syed Yousuf Raza Gilani has stressed on reconciliation and nationalism to restore peace and law & order in Karachi. He said it is time that all political parties and individuals focus on reconciliation and nationalism to defeat anti-state elements. more... (TFD)


Banned militant outfits destabilising Karachi: Malik

Interior Minister Rehman Malik promised sustained ‘targeted actions’ against perceived terrorists in Karachi in a speech to the Senate on Tuesday as he seemed sure of links between two banned sectarian groups and Waziristan-based Taliban for violence in the country’s commercial capital. more... (D)

 

 

 

 

Sector Briefing

Flood hits Kot Addu, threatens Kapco
Violent waves of the Indus surged into Kot Addu town on Tuesday after breaching the banks of the Taunsa-Punjnad link and Muzaffargarh canals. more... (D)

Collusive bidding in Pesco tender: CCP issues show-cause notices to five companies
The Competition Commission of Pakistan (CCP) has issued show-cause notices to five companies for prima facie collusive bidding in Peshawar Electric Supply Company's tender number ADB-PESCO-06-2009 (PESCO Tender) for the supply of High Tension (HT) and Low Tension (LT) Pre-stressed Concrete (PC) Poles. The companies have been given 14 days to show cause, in writing, and to avail the opportunity of being heard before CCP on 25-8-2010. more... (BR)

Gas restoration to fertiliser plants: MoI&P fails to persuade ministerial panel
The Ministry of Industries and Production (MoI&P) on Tuesday failed to convince an inter-ministerial panel to restore 20 percent gas to fertiliser plants, which was diverted to the power sector more... (BR)

KSE Notices

Natinal Investment Trust Limited - Board Meeting
Board of directors meeting of the company is scheduled to be held on August 13, 2010 at 10:00 am to present financial statements of NI(U)T Fund, NIT Government Bond Fund and NIT Income Fund period ended June 30, 2010 more... (KSE)

Netsol Technologies Limited -Notice of EOGM
Notice of EOGM of the company to be held on August 25, 2010 to consider and approval of investment of PKR1.76bn for aquiring 100% equity and paid up capital of Netsol Technologies of Europe Limited and Netsol Technologies North Americal 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.