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Aug 23, 2010
 
Statistics
KSE-100 Index
Previous Index 9,877.89
Current Index 9,860.36
Change % -0.17%
YTD (CY10) 5.04%
YTD (FY11) 1.43%

International Indicators
  Close %age
BSE-30 18,401.82 0.29
HANGSENG 20,981.82 0.43
NIKKEI 255 9,179.38 2.00
FTSE 5,195.28 0.30
DJIA 10,213.62 0.56
SSEC 2,646.16 3.85
NASDAQ 2,179.76 0.04

SCRA
August 19, 2010 0.68
August, 2010 40.90
YTD (FY10) 78.08

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 12.85%
10 yrs PIB 13.20%

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

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

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 170.31mn
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 20, 2010
Funds Offer Redemption
POAIIF 51.1680/-  50.6563/-
Daily Return 7.78%
POAIF 53.73/- 52.39/-
Daily Return 104.80%
POASF 52.57/- 51.26/-
Daily Return 121.45%
POAF 11.26 /-
Daily Return 9.86%
*Daily Returns are calculated as per MUFAP guidelines

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

FY10: LSM mills out 4.84pc more
The Large Scale Manufacturing (LSM) sector showed a growth of 4.84 per cent during July-June period of the last fiscal year as compared to the same period of the last year due to higher output from consumer goods and luxury goods, according to Federal Bureau of Statistics (FBS) data. more... (TFD)

IMF to review Pakistan budget in talks: official
The International Monetary Fund said on Saturday it will review Pakistan's budget and economic prospects following catastrophic flooding during talks with senior Pakistani government officials starting on Monday. . more... (D)

Pakistan to ask IMF to restructure loan
Pakistan will ask the IMF to ease restrictions on a $10 billion loan in the face of the worst floods in the country's history, the Financial Times reported on Friday. more... (D)

 

 

 

 

 

Politics


Altaf's remarks about martial law criticised by most parties
Almost every ruling and opposition parties have opposed the Muttahida Qaumi Movement chief Altaf Hussain's call to ‘patriotic generals to take action similar to martial law against corrupt politicians', saying that a civilian set-up must be supported over a military rule.
more... (D)

Country needs France-like revolution, says Altaf
Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that if 'patriotic Generals' take a martial law-like step against corrupt politicians, MQM will support them.
Addressing a general workers meeting at Lal-Qila ground in Aziz Abad Sunday, Altaf Hussain said the country needs a revolution like France. more... (TFD)


'Sialkot event' a national dilemma: Malik

Federal Interior Minister Rehman Malik termed 'Sialkot-incident' as a national dilemma and reiterated that all the elements including police personnel involved in the incident would be punished strictly.
Governor Punjab Salman Taseer and Federal Interior Minister Rehman Malik visited the home of two brothers Mughees 17, Muneeb 15, who were tortured to death in Sialkot three days ago and expressed heartfelt condolence with the family. more... (TFD)

 

 

 

 

 

Sector Briefing

Pakistan's textile seeks greater market 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. .more... (D)

Banks close 64 branches in affected areas
The disastrous flood has badly disrupted the banking services in the calamity-hit areas as over a dozen banks have closed down a total of 64 branches across the country. more... (D)

Pakistan's textile seeks greater market 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. more... (D)

 

KSE Notices
 
 

OGDC has reported a discovery
OGDC has announced an oil and gas discovery at Gopang Well # 01 with a production flow of 3.25mmcfd of gas and 100bpd of condensate. The company holds 95% stake in the field. more... (KSE)

Arif Habib Limited

The company in its meeting held on Aug 02, 2010 has announced its financial performance for FY10. The company has reported an earnings of Rs. 150.02mn (EPS: Rs. 4.01) for FY10 against Rs. 153.04mn (EPS: Rs. 4.08) in FY09. 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.