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Aug 13 , 2010
 
Statistics
KSE-100 Index
Previous Index 9,875.68
Current Index 9,792.81
Change % (0.84)%
YTD (CY10) 4.32%
YTD (FY11) 0.73%

International Indicators
  Close %age
BSE-30 18,0736.90 0.20
HANGSENG 21,105.71 0.90
NIKKEI 255 9,212.59 0.80
FTSE 5,266.06 0.40
DJIA 10,319.95 0.57
SSEC 2585.12 0.37
NASDAQ 2,190.27 0.83

SCRA
August 11 , 2010 4.20
August, 2010 23.49
YTD (FY10) 60.67

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 13.54%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.61
PKR/GBP 135.64
PKR/USD 85.78
PKR/OMR 220.3

Commodities
Oil $76.67/barrel
Change in % 0.93
Gold $1,217.10/ounce
Change in % 0.40

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 12, 2010
Funds Offer Redemption
POAIIF 51.0837/-   50.5729/-
Daily Return 0.72%
POAIF 53.35/- 52.02/-
Daily Return -188.47%
POASF 52.18/- 50.88/-
Daily Return -164.25%
POAF 11.2331 /-
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

Major policy shift by FBR for registered taxpayers' audit
A major policy change has been made for carrying out audit of registered taxpayers on the basis of parameters instead of random selection of cases through balloting which failed to produce the desired results. Sources told Business Recorder here on Thursday that the FBR will make a major policy shift by switching from random based selection of cases to parametric based audit . more... (BR)

Exports grow by 21.83 percent in July
Country's exports grew by 21.83 percent during the first month of the current fiscal year as compared to the same month of last year. Exports in July 2010 were recorded at $1.787 billion against the exports of 1.467 billion during last year, according to data provided by Federal Bureau of Statistics. more... (BR)

FX reserves ease to $16.46bn
Pakistan's foreign exchange reserves fell to $16.46 billion in the week ending on Aug 6, from $16.50 billion the previous week ago, the central bank said on Thursday. more... (TFD)

 

 

 

 

Politics

Punjab's proposal to avert BHC crisis
The Punjab government proposed on Thursday a solution to a looming judicial crisis in Balochistan through a joint sitting of both houses of parliament.
The tenure of the four additional judges, out of the five appointed in the Balochistan High Court, will end on Sept 5 and their replacements cannot be made till a judicial commission is set up to recommend names to a yet to be formed eight-member parliamentary committee. more... (D)

Punjab’s proposal to avert BHC crisis
The Punjab government proposed on Thursday a solution to a looming judicial crisis in Balochistan through a joint sitting of both houses of parliament.
The tenure of the four additional judges, out of the five appointed in the Balochistan High Court, will end on Sept 5 and their replacements cannot be made till a judicial commission is set up to recommend names to a yet to be formed eight-member parliamentary committee. more... (D)



President, PM decide to convene CCI meeting

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani met on Thursday night and decided to convene an urgent meeting of the Council of Common Interests (CCI) to review the issues thrown up by unprecedented floods in the country with all provinces and political parties. more... (D)

 

 

 

 

Sector Briefing

 

Fuel supply: PSO gets Rs 14 billion from power sector
Pakistan State Oil (PSO) has received Rs 14 billion from power sector on account of fuel supply, Business Recorder has learnt. PSO received Rs 3.5billion from KAPCO, RS 0.7 billion from Wapda and a cheque of Rs 8 billion from HUBCO. more... (BR)

Gas development surcharge: Sindh requests centre to release Rs 13 billion dues
Sindh government has again requested the centre to release the dues of Rs 13 billion, under the head of Gas Development Surcharge (GDS) and royalty on oil and gas, Business Recorder learnt Thursday. The amount - Rs 13 billion, has been pending since the last couple of month, and its immediate release could do a world of good to the relief works, which are being carried out for the flood victims of the province. more... (BR)


Recovery plan for agri-sector sought

Federal Minister for Food and Agriculture Nazar Muhammad Gondal has asked the seed companies to formulate recovery plan for the agriculture sector to help growers. more... (BR)

 

KSE Notices
 
 

BOC Pakistan 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 PKR98.31mn EPS PKR3.93 Cash Dividend PKR1.5 more... (KSE)

Oil & Gas Development Company 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 PKR59.177bn EPS PKR13.76 Cash Dividend PKR1.5 more... (KSE)

Allied Bank Limited - Financial result for the half year ended June 30, 2010

Board of directors have approved the financial result for the half year ended June 30, 2010. PAT PKR3.65bn EPS PKR4.66 Cash Dividend PKR2.00more... (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.