Aug 19, 2010
KSE-100 Index
Previous Index 9,677.89
Current Index 9,705.00
Change % 0.28%
YTD (CY10) 3.39%
YTD (FY11) (0.17)%

International Indicators
  Close %age
BSE-30 18,257.12 1.15
HANGSENG 21,022.73 0.54
NIKKEI 255 9,240.54 0.90
FTSE 5,302.87 0.89
DJIA 10,415.54 0.09
SSEC 2,677.61 0.42
NASDAQ 2,215.70 0.28

August 17 , 2010 7.49
August, 2010 42.79
YTD (FY10) 79.98

Money Market Updates
6m T-bill 11-Aug-10 12.65%
12m T-bil 11-Aug-10 12.78%
3m KIBOR 12.69%
6m KIBOR 12.82%
10 yrs PIB 13.54%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 110.14
PKR/GBP 133.32
PKR/USD 85.75
PKR/OMR 221.82

Oil $75.55/barrel
Change in % 0.13
Gold $1,231.10/ounce
Change in % -0.30

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 170.30mn
US$ Reserves (Aug 6, 2010) $16.46bn
Trade Balance (Jul-Jun 10) $(1.45)bn
Curr. A/C (Jul-Jun-10) $(635)bn
Remittances (Jul 10) $791.18bn
Foreign Investment (Jul 10) $144.80mn
All Sch. Banks Deposit Base (Aug 13, 2010) Rs4,582bn

NAVs and Returns
as of August 18, 2010
Funds Offer Redemption
POAIIF 51.1469/-   50.6354/-
Daily Return 7.79%
POAIF 53.28/- 51.95/-
Daily Return 112.76%
POASF 52.15/- 50.85/-
Daily Return 107.99%
POAF 11.2553 /-
Daily Return 91.39%
*Daily Returns are calculated as per MUFAP guidelines

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

ADB to offer flood-hit Pakistan $2 bln loan
The Asian Development Bank will offer Pakistan a $2 billion emergency loan to help repair the damage to infrastructure from the worst ever floods to hit the country, the Financial Times reported on Thursday. . more... (Dawn)

SECP suspends trading in 40 companies
The Securities & Exchange Commission of Pakistan (SECP) directed the three stock exchanges to suspend trading in 40 listed companies from Monday. more... ((Dawn)

SBP drawing new MFB plan
Yaseen Anwar, Acting Governor State Bank of Pakistan has said the central bank is working on a new ‘strategy' for microfinance banks with a greater focus on 'inclusive financial services' that will enable them to cope with emerging challenges.
Speaking at the Swiss Agency for Development and Cooperation Partnership for Microfinance Experience Sharing Event held at a local hotel in Karachi, he said the new strategy will emphasise upon the industry to strengthen its fundamentals by developing infrastructure required for sustainable and inclusive growth.
. more... ((TFD)







Clinton to pledge more US aid for Pakistan at UN
US Secretary of State Hillary Clinton will announce extra aid for a flooded Pakistan Thursday at a UN meeting that will mobilize international support for the country, her spokesman said. The chief US diplomat will speak to the UN General Assembly in New York about “the humanitarian situation from the floods in Pakistan,” spokesman Philip Crowley told reporters. more... (Dawn)

Environment threatens Pakistani state: US report
Environmental woes as witnessed in Pakistan's devastating floods threaten the unity of the nation, exacerbating the threat of Islamic extremists, a US government report said. The study prepared for US lawmakers warned that Pakistan's ecological problems would likely get worse due to climate change, potentially inflaming tensions with nuclear-armed adversary India. more... (Dawn)

World assured for fair aid utilisation

Interior Minister Rehman Malik has assured the international community that the aid being flown into the country for the flood victims would be utilised only for the purpose it is intended for.
Malik, however, stressed that Islamabad is open to an audit and urged the international community to supply more funds. "I assure the entire international community who would be supplying aid in any form, we give them assurance we will be auditable," BBC quoted Malik, as saying. more... (TFD)






Sector Briefing

Flood-hit areas face petroleum shortages
The government is facing difficulties in unloading oil consignments from ships because of port congestion and infrastructure limitations, resulting in supply shortages in flood affected areas of Sindh, Khyber Pakhtunkhwa and Northern parts of the country. more... (Dawn)

15 percent of cotton crop lost: ICAC
Pakistan lost 15 percent of its cotton crop to flooding, an international farm group estimated, which would reduce the harvest to 1.9 million tonnes. The International Cotton Advisory Committee secretariat said in a statement on Tuesday that "best guesses are that 6-8 percent of the total cotton area has been lost entirely." more... (BR)

Fiscal year 2011 revenue target may be scaled down
The federal government may revise downward revenue collection target from Rs 1667 billion to Rs 1604 billion for 2010-11, keeping in view the practical difficulties in achieving high growth of 25-26 percent under current circumstances with devastating floods, which made life difficult besides badly disrupting the economy.. more... (BR)


KSE Notices

Bank Alfalah - Board Meeting
Board meeting of the company will be held on Thursday Aug 26, 2010 at around 9:15pm UAE time at Abu Dhabi, mainly to consider half yearly result for the period ended Jun 30, 2010. more... (KSE)

The Bank of Punjab

The State Bank of Pakistan has allowed extension in publication of Quarterly Financial Statements for the year ended 2009-2010 and for the annual audited Financial Statements for the year ended Dec 31, 2009 up to Jun 30, 2010 more... (KSE)



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