Aug 20, 2010
KSE-100 Index
Previous Index 9,705.00
Current Index 9847.61
Change % 1.47%
YTD (CY10) 4.91%
YTD (FY11) 1.30%

International Indicators
  Close %age
BSE-30 18,454.94 1.08
HANGSENG 21,072.46 0.24
NIKKEI 255 9,362.68 1.30
FTSE 5,211.29 1.70
DJIA 10,271.21 1.39
SSEC 2653.52 -1.28
NASDAQ 2178.95 1.66

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 12.83%
10 yrs PIB 13.54%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 109.82
PKR/GBP 133.51
PKR/USD 85.75
PKR/OMR 221.82

Oil $74.34/barrel
Change in % -0.09
Gold $1,234.10/ounce
Change in % -1.30

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 170.31mn
US$ Reserves (Aug 6, 2010) $16.29bn
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 19, 2010
Funds Offer Redemption
POAIIF 51.1575/-  50.6459/-
Daily Return 7.86%
POAIF 53.58/- 52.24/-
Daily Return 203.75%
POASF 52.40/- 51.09/-
Daily Return 172.27%
POAF 11.2566 /-
Daily Return 4.31%
*Daily Returns are calculated as per MUFAP guidelines

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

Proposed Wakhan corridor to revolutionise regional trade
The proposed Wakhan Corridor for transit with Russia and other Central Asian states would revolutionise the trade among the interlinked countries. . more... (B.R)

Jul services trade gap closes by 14pc
Pakistan services sector deficit narrowed by 13.6% to USD274mn in the first month of FY11 compared with USD317mn in 1MFY10 according to SBP. more... (TFD)

FX reserves down at USD16.29bn
Country's foreign exchange reserves fell to $16.29 billion in the week ending on Aug 13 from $16.46 billion the previous week, the central bank said Thursday.
Reserves held by the State Bank of Pakistan fell to $12.46 billion from $12.65 billion a week earlier, while those held by commercial banks hiked to $3.83 billion from $3.81 billion, said Syed Wasimuddin, the SBP's chief spokesman. . more... (TFD)







ANP's Yousufzai Killed in Karachi
Two persons were killed in firing incident outside the PIA cargo terminal, police and PIA sources said.. more... (TFD)

World must act on Pakistan or risk militant rise: Kerry
The world must act quickly to stop militants exploiting Pakistan's devastating floods to cause social unrest, the country's president and a senior US senator said Thursday. In a joint news conference with President Asif Ali Zardari, John Kerry said the international community had to step in and help people whose lives have been upended "to avoid their impatience boiling over or people exploiting that impatience". more... (BR)

US sets up new fund to help Pakistan

Clinton told Dawn that the US has set up a new fund for the flood victims, besides contributing $150 mn more to relief efforts . more... (DAWN)






Sector Briefing

Textile sector seeks greater EU, US markets access
Pakistan's textile industry is asking for greater access to the US and European Union markets as it struggles for survival after floods devastated the country. Industry representatives say flood damage to the cotton crop and consequent supply shortages could be a final blow to an industry that is already under pressure from shrinking global demand, crippling power shortages and instability brought on by a Taliban insurgency.more... (Dawn)

LPG prices go up RS30/kg in 2 weeks
The Liquefied Petroleum Gas (LPG) marketing companies once again increased prices by Rs5 per kg on Thursday with Lahore and Karachi exempted. As a result of what the distributors association described an "unjustified increase" just in 10 days, prices of domestic cylinder was increased by Rs60 and commercial cylinder by Rs240.. more... (BR)

15pc 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)


KSE Notices

Saudi Pak Leasing Company Ltd
On request of Saudi Pak, First Dawood Bank Ltd has called the meeting of TFC holders on September 08, 2010 to consider the restructure the repayment of the TFC's and reduce the mark-up rate applicable on the TFC's more... (KSE)

Unilever Pakistan Limited

In the meeting held on 19 Aug, 2010 the company approved the Consolidated Interim Financial Information of the company for the half year ended June 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.