Aug 10 , 2010
KSE-100 Index
Previous Index 10,315.20
Current Index 10,026.20
Change % (2.80)%
YTD (CY10) 6.81%
YTD (FY11) 3.13%

International Indicators
  Close %age
BSE-30 18,287.50 0.79
HANGSENG 21,801.59 0.57
NIKKEI 255 9,572.49 (0.70)
FTSE 5,410.52 1.50
DJIA 10,698.75 0.42
SSEC 2,623.59 (0.57)
NASDAQ 2,305.69 0.75

August 06 , 2010 2.17
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 12.70%
6m KIBOR 12.83%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.08
PKR/GBP 137.24
PKR/USD 85.90
PKR/OMR 220.59

Oil $81.07/barrel
Change in % (0.05)
Gold $1,203.00/ounce
Change in % (0.36)

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 09, 2010
Funds Offer Redemption
POAIIF 50.5608/-   51.0715/-
Daily Return 7.51%
POAIF 53.66/- 52.32/-
Daily Return (205.75)%
POASF 51.12/- 52.43/-
Daily Return (198.99)%
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-

Investors’ morale wetblanketed
he local stocks fell 2.8 per cent to a near one-month low on Monday as investors fretted about the economic costs of the worst floods in the country in80 years.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 2.80 per cent, or 289 points, lower at 10,026.20 on turnover of 80.1 million shares. -Agencies . more... (TFD)

Rs10bn for Sindh flood-hit

Chief Minister Sindh Syed Qaim Ali Shah Monday announced Rs10 billion to help alleviate the sufferings of the flood affected people, while he urged the corporate sector to come forward and help government. more... (TFD)

Tax exemption on flood relief funds

The Federal Board of Revenue (FBR) has announced income tax exemption to Prime Minister's Flood Relief Fund and Provincial Chief Ministers' Relief Funds for victims of flood. In this regard, the FBR has amended Second Schedule of the Income Tax Ordinance 2001 through SRO 755(I)/2001 issued here on Monday. more... (BR)







Provinces demand share in funds
All the four provincial governments, Gilgit-Baltistan and Azad Jammu Kashmir have demanded for their share from the federal government which it received in terms of foreign aid for floods relief. However the federal government has replied that the foreign aid to the concerned provinces would be released after survey of the affected areas. more... (TFD)

Controversial APTTA: Ministry not interested in taking Cabinet into confidence
The Commerce Ministry is not interested in taking the Federal Cabinet into confidence over the controversial Afghanistan-Pakistan Transit Trade Agreement (APTTA), recently agreed between the two countries. The country's business community believes that the pact, which is yet to be formally signed between the two countries, does not serve Pakistan's interests. more... (BR)

Bank transactions: FBR clarifies queries regarding 0.3 percent WHT

The withholding tax at the rate of 0.3 percent would not be deductible on cash deposit in the bank from the accountholder under section 231AA of the Income Tax Ordinance 2001. The Federal Board of Revenue (FBR) has further clarified that the limit of Rs 25,000 in a day shall apply separately for imposition of withholding tax on cash withdrawal from banks and issuance of pay orders against cash or online transfer of money into other bank accounts. more... (BR)





Sector Briefing

Panic sugar buying prompted by fears of shortage to cost additional $6 million: it's no loss deal: TCP
Panic sugar buying prompted by fears of its shortage during Ramazan will cost the country an additional six million dollars. Sources told Business Recorder on Monday that in response to TCP's tender for import of 175,000 ton of sugar, opened on Saturday, eight bidders participated and quoted prices ranging between $669.80-$717 per ton cost & freight (C&F). more... (BR)

1MFY11 oil sale swells 10pc YoY
Petroleum product consumption recorded a double-digit growth as it increased by 10 per cent on Year-on-Year basis, as unfolded by the latest OCAC data for first month of FY11. more... (TFD)

Gas for CCPP Plant: Power Ministry seeking ECC approval despite MoP opposition
Despite the opposition of Petroleum Ministry, the Water and Power Ministry is seeking approval from the Economic Co-ordination Committee (ECC) of the Cabinet to dedicate the Kunnar Pasakhi gas field output to the proposed Combined Cycle Power Plant (CCPP) with 1500 MW power generation capacity which would cause 8-10 percent reduction in power tariff. more... (BR)

KSE Notices

The Hub Powere Company Limited - Financial result for the half year ended June 30, 2010
Board of directors have approved the financial result for the year ended June 30, 2010. PAT PKR5.55bn EPS PKR4.5 Cash Dividend of PKR2.5. more... (KSE)

Bank AL Habib 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 PKR1.70bn EPS PKR2.32. more... (KSE)



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