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Aug 12 , 2010
 
Statistics
KSE-100 Index
Previous Index 9,892.32
Current Index 9,875.68
Change % (0.17)%
YTD (CY10) 5.21%
YTD (FY11) 1.58%

International Indicators
  Close %age
BSE-30 18,070.19 (0.82)
HANGSENG 21,294.54 (0.83)
NIKKEI 255 9,292.85 (2.74)
FTSE 5,245.21 (2.40)
DJIA 10,378.83 (2.49)
SSEC 2,587.93 (0.30)
NASDAQ 2,208.63 (3.01)

SCRA
August 10 , 2010 6.29
August, 2010 19.29
YTD (FY10) 42.20

Money Market Updates
6m T-bill 11-Aug-10 12.65%
12m T-bil 11-Aug-10 12.78%
3m KIBOR 12.71%
6m KIBOR 12.83%
10 yrs PIB 12.97%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.61
PKR/GBP 135.64
PKR/USD 85.80
PKR/OMR 220.4

Commodities
Oil $77.26/barrel
Change in % (3.33)
Gold $1,201.10/ounce
Change in % (0.34)

Inflation
CPI Gen. - YoY (Jul-10) 12.34%
CPI Gen. - FY11 (Jul 10) 13.34%
NFNE Core INFL - YoY (Jul-10) 10.3%
NFNE Core INFL - FY11 (Jul-10) 10.3%

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 10) $791.18bn
Foreign Investment (Jul -Jun-10) $2.14bn
All Sch. Banks Deposit Base (July 23, 2010) Rs4,646bn

NAVs and Returns
as of August 10, 2010
Funds Offer Redemption
POAIIF 51.0827/-   50.5719/-
Daily Return 0.72%
POAIF 53.63/- 52.29/-
Daily Return 52.29%
POASF 52.42/- 51.11/-
Daily Return 35.74%
POAF 11.2307 /-
Daily Return 5.68%
*Daily Returns are calculated as per MUFAP guidelines

Funds Rating
AMC Ratings AM3
POAIIF-Fund Rating A+ (f)
POAF Fund Rating AA-
Economy

GDP may be reduced by 1-1.5 percent
Pakistan is likely to lose 1-1.5percent of its GDP growth against its target of 4.5 percent as the devastation caused by floods is unfolding and some key sectors of the economy have been badly damaged, says an official. The Finance Ministry believes that the exact impact of this destruction is to be estimated in next few days when the initial reports of damage assessment will arrive from the flood-hit areas. more... (BR)

Remittances up by 6.22pc to $792m
Pakistan received around 792 million dollars in remittances from overseas workers in July, an increase of over six percent against July last year, the central bank said on Wednesday. The country received $8.9 billion remittances in the fiscal year 2000/2010, compared with $7.8 billion more... (N)

Trading remains sluggish on fears of hike in T-bill yields
Trading at the Karachi share market was sluggish on Wednesday as investors remained on the sidelines, expecting a rise in the yields of treasury bills. “Negative activity continued on the expectation of rising yields in the central bank’s T-bill auction,” said Ahsan Mehanti. more... (N)

 

 

 

 

 

 

 

Politics

Sharifs get extension in stay order against NAB
A division bench of the Lahore High Court on Wednesday extended the stay order earlier granted to Sharif family against coercive measures by the National Accountability Bureau (NAB) to recover fine imposed on Mian Nawaz Sharif in two cases, despite the fact superior courts had acquitted him. more... (N)

PBA, APNS, CPNE, hawkers union slam action against Geo
The Pakistan Broadcasters Association (PBA), the All Pakistan Newspapers Association (APNS), Council of Pakistan Newspapers Editors (CPNE) and Pakistan Hawkers Union strongly condemned attempts to browbeat the media by acts of forcing cable operators to block TV channels and regretted such conduct against the media during the tenure of a democratic government, says a press release. more... (N)



Govt may change economic priorities

Faced with a natural calamity of unprecedented magnitude, the government is considering reprioritising economic measures envisaged in the current year’s budget to meet additional expenditures to be incurred to cope with the devastation wreaked by the flood. more... (D)

 

 

 

 

 

 

 

Sector Briefing

Keeping power tariff hike at a minimum: ministries come into conflict over World Bank loan
The Finance Ministry is reportedly in conflict with the Ministry of Water and Power in seeking a concessional loan from the World Bank to keep the electricity tariff increases at a minimum for the low-income groups, sources close to the Secretary Economic Affairs Division told Business Recorder on Wednesday. more... (BR)

Auto sales pick up by 10.6pc in Jul
In continuation of phenomenal growth in auto sales by 42.6 per cent in FY10, auto assemblers again managed to show growth of 10.6 per cent in first month of fiscal year 2010-11 by selling cumulative Car, LCV & Pickup to 10,942 units during July 2010, according to the latest data released by PAMA. more... (TFD)


LPG rises by Rs15/kg

The price of Liquefied Petroleum Gas (LPG) has been increased by Rs15 per kilogram, on Wednesday. According to private TV channel, this is the second time, the price has been raised. The recent price hike will hit the domestic consumers. more... (TFD)

 

KSE Notices
 
 

Arif Habib Securities 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 PKR3.79bn EPS PKR10.13 more... (KSE)

Silk Bank Limited
This is to inform that that credit rating for the SilkBank has been enhanced to A-2 from A-3. 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.