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Aug 09 , 2010
 
Statistics
KSE-100 Index
Previous Index 10,351.72
Current Index 10,315.20
Change % (0.35)%
YTD (CY10) 9.89%
YTD (FY11) 6.10%

International Indicators
  Close %age
BSE-30 18,143.99 (0.16)
HANGSENG 21,678.80 0.59
NIKKEI 255 9,642.12 (0.10)
FTSE 5,332.39 (0.60)
DJIA 10,653.56 (0.20)
SSEC 2,638.52 (0.53)
NASDAQ 2,288.47 (0.20)

SCRA
August 05 , 2010 1.84
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 12.72%
6m KIBOR 12.81%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.25
PKR/GBP 136.33
PKR/USD 85.85
PKR/OMR 220.59

Commodities
Oil $81.11/barrel
Change in % (1.27)
Gold $1,207.40/ounce
Change in % 0.81

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 06, 2010
Funds Offer Redemption
POBOP 46.2416/- 45.7792/-
Daily Return 7.44%
POAIIF 51.0411/-   50.5307/-
Daily Return 7.57%
POAIF 54.58/- 53.22/-
Daily Return (75.29)%
POASF 53.30/- 51.97/-
Daily Return (125.98)%
POAF 11.0971 /-
Daily Return 12.20%
*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

FY10 external debt runs up to $55.62bn
Pakistan's stock of external debt and liabilities has hiked by $3.29 billion to $55.62 billion in FY10 against $52.33 billion recorded in FY09. Similarly, foreign debt and liabilities increased by 2.6 per cent or $1.39 billion QoQ to $55.62 billion against $54.23 billion recorded in 3QFY10, as per the data released by State Bank of Pakistan. more... (TFD)


Foreign $15.1mn enters KSE last wk

Highest inflow into apex bourse after 5wks
MFs net-selling stands at $10.31mn in week. Despite the unexpected move by SBP to increase the policy rate by 50bps; offshore investors remained net-buyers in the equity market with purchasing worth $15.1 million last week, National Clearing Company of Pakistan Limited (NCCPL) data revealed. more... (TFD)


People remain stranded as flood situation worsens

Pakistani navy boats travelled along kilometres of flood waters on Sunday to rescue people stranded in a disaster that has angered many over the government's response. more... (D)

 

 

 

 

Politics

Talks to run, info leaks no matter: India
No wish for a direct link with Pakistan Army: Rao
India will continue to have a dialogue with Pakistan government and does not plan to establish any direct contact with its military, Indian Foreign Secretary Nirupama Rao said, adding that dialogue with Pakistan is necessary despite WikiLeaks revelations more... (TFD)

Nov 3 steps were human error: Shahbaz
Chief Coordinator All Pakistan Muslim League and former federal minister Chaudhry Shahbaz Hussain said the steps taken by Pervez Musharraf on Nov 3rd were human error and then government was responsible for it.
He was addressing a press conference in a local hotel on the other day. Barrister Muhammad Ali Saif, Rashid Qureshi, Ahmad Raza Qasuri and Dr Amjad were also present on the occasion. more... (TFD)


PML-N lashes out at Pak-Afghan trade pact

Former Federal Minister and Chairman Pakistan Muslim League Nawaz (PML-N) Raja Zafar ul Haq said that Pak-Afghan Transit Trade Agreement (PATTA) was not constituted according to the interests of Pakistan as not only all three provinces Punjab, Khyber Pakhtunkhwa (KP) and Sindh but the business community also has expressed their concerns over it. more... (TFD)

 

 

 

 

Sector Briefing

Illicit telecom traffic deals Rs52bn/yr blow to GDP
Some govt officials involve in illegal telecom traffic: PTA. Pakistan is losing $600 million (Rs52 billion) annually because of the illegal telephone business - grey telephony - with the blanketed supervision of some officials in government, NNI learnt on Sunday. more... (TFD)


Manufacturing IT/power equipment: French investor assures PCA of expanding operations

A leading global investor in IT and power sectors has assured the Pakistan Computer Association (PCA) about expanding their operations in Pakistan to increase investment in manufacturing of equipment of IT/power sector in the country. more... (BR)

Floods force closure of largest oil refinery
Pakistan oil and gas sector is hit by devastating floods, as the country's largest oil refinery Pak Arab Refinery Limited (Parco) and one well at Qadirpur gas field have been shut down," Business Recorder has learnt. The country meets 35 percent requirements of petroleum products by Parco. After its closure, Pakistan has been deprived of 35 percent refined petroleum products. more... (BR)

KSE Notices
 
 

Pakistan Petroleum 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 PKR23.33 Cash Dividend of 50% bonus: 20%. more... (KSE)

Arif Habib Limited - Notice of Board Meeting
Notice of Boardl Meeting to be held on Aug 13, 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.