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Aug 16 , 2010
 
Statistics
KSE-100 Index
Previous Index 9,792.81
Current Index 9,823.37
Change % 0.31%
YTD (CY10) 4.65%
YTD (FY11) 1.04%

International Indicators
  Close %age
BSE-30 18,167.03 0.52
HANGSENG 21,071.57 (0.20)
NIKKEI 255 9,253.46 0.40
FTSE 5,275.44 0.20
DJIA 10,303.15 (0.16)
SSEC 2640.84 2.15
NASDAQ 2,173.48 (0.77)

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 12.68%
6m KIBOR 12.81%
10 yrs PIB 13.54%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 110.34
PKR/GBP 134.08
PKR/USD 85.85
PKR/OMR 220.3

Commodities
Oil $75.71/barrel
Change in % (1.25)
Gold $1,221.10/ounce
Change in % 0.33

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 (Aug 6, 2010) $16.46bn
Trade Balance (Jul-Jun 10) $(1.45)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 13, 2010
Funds Offer Redemption
POAIIF 51.0942/-   50.5833-
Daily Return 7.79%
POAIF 53.44/- 52.10/-
Daily Return 56.13%
POASF 52.34/- 51.03/-
Daily Return 107.61%
POAF 11.24 /-
Daily Return 11.32%
*Daily Returns are calculated as per MUFAP guidelines

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

PSO gas stations defying floods
The state-run company Pakistan State Oil -- showing high degree of resilience -- has kept continuing uninterrupted supply across the width and breadth of the country, though the ferocious floods buffeted its supply chain. more... (TFD)

Cotton markets volatile
Cotton prices remained volatile in the outgoing week, surging to a new record high of Rs7,000 per maund before receding to Rs6,700 on Friday. more... (T)


SECP suspends 40 companies share trading

The Securities and Exchange Commission of Pakistan (SECP) has ordered suspension of trading in the shares of listed companies that are in continual violation/ non-compliance of securities market laws, initially for a period of 60 days or till further orders.. more... (TFD)

 

 

 

 

Politics


Qureshi ties his tour to India with hard results
Responding to External Affairs Minister S M Krishna's invitation to visit India, Pakistan Foreign Minister Shah Mehmood Qureshi has made it clear that he would accept it if the talks are to be "result-oriented", covering all issues of importance, including Kashmir. more... (TFD)

Federal, provincial govts to contribute Rs350b: Sharif
PML-N chief Nawaz Sharif has said that the federal and provincial governments will contribute Rs350 billion ($4.11 billion) to the National Flood Relief Fund from their budgetary allocations for the current fiscal year. more... (T)


Arrest terror, Pakistan told

India celebrates Independence Day. Dialogues won’t go far unless Pakistan acts: Singh
Says India ready to talk with Kashmiri groups, Naxals. Indian Prime Minister Manmohan Singh on Sunday warned that “dialogues with Pakistan will not go far if it continues to support terrorism, urging Islamabad to rein in the menace of terrorism.”. more... (TFD)

 

 

 

 

 

 

 

 

Sector Briefing

 

PSMC posts Rs 12 billion losses in 2009-10
The Pakistan Steel Mills Corporation (PSMC) posted a loss of over Rs 12 billion in fiscal year 2009-10 mainly due to shortage of raw material, ineffective and short-term policies. more... (BR)

Frnace oil supply for IPPs: PSO makes cash payment compulsory
The Pakistan State Oil (PSO) has reportedly made cash payment mandatory for additional furnace oil supply to the defaulting independent power producers (IPPs), sources told Business Recorder. more... (BR)


Drilling in 'Zin Block': OGDC Board approves action plan

The Board of Directors (BoD) of the Oil and Gas Development Company () has approved an action plan to initiate drilling work in 'Zin Block', located in Balochistan province next month, Business Recorder has learnt. more... (BR)

 

KSE Notices
 
 

Silk Bank Limited - Board Meeting

Board of Directors meeting will be held on Aug 25, 2010 more... (KSE)

BMA Capital Management Limited
Announcement of public offer by Faysal Bank Limited to acquire 0.63% shares of Royal Bank of Scotland Limited 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.