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Aug 05 , 2010
 
Statistics
KSE-100 Index
Previous Index 10,388.64
Current Index 10,390.27
Change % 0.02%
YTD (CY10) 10.69%
YTD (FY11) 6.87%

International Indicators
  Close %age
BSE-30 18,217.44 0.57
HANGSENG 21,549.88 0.40
NIKKEI 255 9,489.34 (2.10)
FTSE 5,386.16 (0.20)
DJIA 10,680.43 0.41
SSEC 2,638.52 0.44
NASDAQ 2,303.57 0.88

SCRA
August 03 , 2010 2.01
August, 2010 5.02
YTD (FY10) 42.20

Money Market Updates
6m T-bill 28-Jul-10 12.33%
12m T-bil 28-Jul-10 12.45%
3m KIBOR 12.69%
6m KIBOR 12.81%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.43
PKR/GBP 136.78
PKR/USD 85.83
PKR/OMR 218.53

Commodities
Oil $82.12/barrel
Change in % (0.42)
Gold $1,196.30/ounce
Change in % 0.03

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 04, 2010
Funds Offer Redemption
POBOP 46.4964/- 46.0314/-
Daily Return 7.31%
POAIIF 51.0208/-   50.5106/-
Daily Return 7.49%
POAIF 54.90/- 53.53/-
Daily Return 0.00%
POASF 53.75/- 52.41/-
Daily Return (27.84)%
POAF 11.0939 /-
Daily Return 13.69%
*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

'Ramazan Relief Package': USC outlets to start sales from today
The government has announced 'Ramazan Relief Package' worth Rs 2 billion to provide essential commodities at subsidised rates to the people at the outlets of Utility Stores Corporation (USC) from Thursday. The government will give additional subsidy of one billion rupees on sugar, which will be available at Rs 55 per kg at the outlets of USC. The price of sugar in open market ranges between Rs 65 and Rs 70 per kg more... (BR)


'External borrowing nudging Pakistan into debt trap'

The government's policy of preferring external borrowing to run the economy is nudging Pakistan into a debt trap and economic managers of the country should focus on mobilising domestic resources to stimulate the economy. Multan Chamber of Commerce and Industry (MCCI) President Malik Asrar Ahmed Awan stated this in a statement on Wednesday more... (BR)

Foods items' prices increase
The prices of the foods items particularly vegetable and fruit have increased manifold in the last week due to heavy rains and floods across the country. A market survey conducted by Business Recorder revealed that 80 to 90 percent raise was recorded in the rates of almost all kinds of vegetables and 20 to 30 percent was recorded in fruits prices more... (BR)

 

 

 

 

 

Politics

Zardari phones Brown
President Asif Ali Zardari spoke on telephone with the former British Prime Minister Gordon Brown on Wednesday and discussed bilateral relations and regional situation, Presidential spokesman Farhatullah Babar said. Brown was the Labour Prime Minister from June 2007 till May 2010 when he stepped down after his party lost general elections, which were held on May 6 more... (BR)

Ahmadinejad unhurt after blast near motorcade
Iranian President Mahmoud Ahmadinejad was unharmed when a home-made explosive went off near his motorcade during a visit to the western city of Hamadan on Wednesday, a source in his office said. But state media said only a firecracker had been set off by an young man excited to see the president and a police chief called news of an attack a "big lie" spread by foreign media more... (BR)


Kerry proposes exchange programme with Muslim states

Senate Foreign Relations Committee Chairman John Kerry introduced a new legislation on Tuesday which will establish a two-way professional more... (D)

 

 

 

 

Sector Briefing

'Law, order and circular debt issue affecting oil refinery'
The deteriorating law and order situation and unresolved circular debt issue are badly affecting the oil refinery and distribution companies in the country. This was stated by Kalim A Siddiqui, President Petroleum Marketing Business, Byco Petroleum Pakistan Limited while talking to media persons after addressing "8th International HRM Forum (IHRMF)-Discuss Strategy, Implement Change, Add Value" held at a local hotel on Wednesday more... (BR)

Power tariff raised by 63.6 percent in 30 months
The PPP-led government increased power tariff by 63.6 percent during last two and a half years. This was stated by sources in the Ministry of Water and Power while presenting an alarming picture before the Ministry of Petroleum and Natural Resources to compel it to make the entire gas available at Kunar/Pasakhi gas field for power generation more... (BR)

Proposed hike in gas tariff rejected
The All Pakistan CNG Association has rejected the proposal of Sui Northern Gas Pipelines Limited to increase the gas tariff and said that it more... (D)

KSE Notices

Lucky Cement - Clarification the news items regarding plant closure
The company has clarified that the operation of Pezu plant was forcefully stopped by miscreants, however, the issue has been resolved and the normal operation at the plant has been resumed from July 29, 2010 more... (KSE)

Arif Habib Investments - Financial result for the year ended June 30, 2010
Board of directors have approved the financial result for the year ended June 30, 2010. PAT PKR64.25 million EPS PKR2.14 per share. The Board has also recommended 20% bonus to its shareholders more... (KSE)

Dawood Lawrencepur Ltd. - Closed down units at Landhi
The Company entered into the sale agreement to dispose off the plant, machinery and related assets of closed down units at Landhi on August 02, 2010 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.