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Aug 06 , 2010
 
Statistics
KSE-100 Index
Previous Index 10,390.27
Current Index 10,351.72
Change % (0.37)%
YTD (CY10) 10.27%
YTD (FY11) 6.48%

International Indicators
  Close %age
BSE-30 18,172.83 (0.24)
HANGSENG 21,551.72 0.40
NIKKEI 255 9,653.92 1.73
FTSE 5,365.78 (0.40)
DJIA 10,674.98 (0.04)
SSEC 2,638.52 (0.53)
NASDAQ 2,293.06 (0.46)

SCRA
August 04 , 2010 3.49
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 12.79%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.82
PKR/GBP 136.25
PKR/USD 85.80
PKR/OMR 220.59

Commodities
Oil $82.15/barrel
Change in % 0.04
Gold $1,197.70/ounce
Change in % 0.12

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 30, 2010) $16.50bn
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 05, 2010
Funds Offer Redemption
POBOP 46.2325/- 45.7702/-
Daily Return (49.71)%
POAIIF 51.0309/-   50.5206/-
Daily Return 7.50%
POAIF 54.70/- 53.33/-
Daily Return (96.74)%
POASF 53.49/- 52.15/-
Daily Return (73.67)%
POAF 11.0971 /-
Daily Return 10.53%
*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

FX reserves thin down to $16.50bn
Country's foreign exchange reserves fell to $16.50 billion in the week ending July 30, from $16.56 billion a week ago, the State Bank of Pakistan said Thursday. Reserves held by the SBP fell to $12.72 billion from $12.77 billion a week earlier, while those held by commercial banks also fell to $3.78 billion from $3.79 billion, said Syed Wasimuddin, the SBP's chief spokesman. Pakistan's forex reserves rose to a record high of $16.77 billion in the week ending July 2, thanks to foreign inflows worth $750 million received during the week. more... (TFD)


Business activities yet to resume in main markets

Major commercial centres in the city remained closed for the third consecutive day on Thursday, as leaders of traders alleged that the government took no measures to provide security to them. more... (D)

Pakistan, France agree to set up Joint Economic Commission
Pakistan and France on Tuesday agreed to setting up of a Joint Economic Commission for closer cooperation in food, agriculture, economic development and large scale training of nurses for export to the European Union and Middle East. more... (D)

 

 

 

 

Politics

Malik hints at Khi handover to Army
Shoot-at-sight orders given to LEAs. Interior Minister Rehman Malik said the army might be called in Karachi if need arises. He was talking to media here on Thursday. He said TTP, Sipah-e-Sahaba and Lashkar-e-Jhangvi were sabotaging the peace of the metropolis by killing innocent people, "I warn the terrorists that they should mend their ways or face the burnt."more... (TFD)

Gilani justifies Zardari’s visit
Prime Minister Syed Yousuf Raza Gilani Thursday again made it clear that undoubtedly President Asif Ali Zardari's personality is such that every one remembers him either in a good manner or vice versa, urging lambasting his visit to UK is not a new thing for him stressing floods or no floods it could have made no difference. While talking to host of journalists at the PM House, Prime Minister Gilani underlined that government has never supported fake degree case at any forum. more... (TFD)


Bilawal denies immediate plan to join politics

Bilawal Bhutto Zardari on Thursday spoke for the first time in many months, only to categorically deny the prevalent impression created by a section of the media that he was to launch his political career over the weekend by attending a public meeting in Birmingham. more... (D)

 

 

 

 

Sector Briefing


SECP takes action against brokerage firms

The Securities and Exchange Commission of Pakistan (SECP) has issued warning letters to 27 brokers of the Karachi Stock Exchange (KSE) and seven brokers of the Lahore Stock Exchange (LSE) for possible violations of the blank sales, wash sales, circular trading, cross trades and broker misconduct during 2010, a statement said on Thursday. more... (N)

Sugar price surges past Rs70 a kilo
While business activities in Jodia Bazaar and its adjacent areas resumed on Thursday, the two days of market closure led to a shocking increase of Rs1.50 in the per kilogram wholesale price of sugar. more... (D)

IBIs mustn’t mimic regular banks: SBP
Acting Governor, State Bank of Pakistan, Yaseen Anwar said the Islamic financial system has the potential to provide better banking and financial services than the conventional system, but Islamic Banking Institutions (IBIs) would have to capitalise on their inherent strength and avoid following footprints of conventional banking system, added that Islamic banking industry needs to diversify its products. more... (TFD)

KSE Notices
 
 

MCB Bank Limited - 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 PKR3.8million EPS PKR5.00 per share Cash Dividend of 30% more... (KSE)

Tariq Glass Industries Limited - Notice of Annual General Meeting
Notice of Annual General Meeting to be held on Aug 31, 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.