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Aug 26, 2010
 
Statistics
KSE-100 Index
Previous Index 9,637.17
Current Index 9553.81
Change % (0.86%)
YTD (CY10) 1.77%
YTD (FY11) (1.73%)

International Indicators
  Close %age
BSE-30 18,179.64 (0.72)
HANGSENG 20,634.98 (0.10)
NIKKEI 255 8,845.39 (1.70)
FTSE 5,109.40 (0.90)
DJIA 10,060.06 0.20
SSEC 2,611.69 (0.58)
NASDAQ 2,141.54 0.84

SCRA
August 24, 2010 0.36
August, 2010 81.99
YTD (FY10) 78.08

Money Market Updates
6m T-bill 25-Aug-10 12.65%
12m T-bil 25-Aug-10 12.78%
3m KIBOR 12.7%
6m KIBOR 12.86%
10 yrs PIB 13.20%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 108.64
PKR/GBP 132.49
PKR/USD 85.8
PKR/OMR 221.82

Commodities
Oil $72.85/barrel
Change in % 1.34
Gold $1,241.50/ounce
Change in % 0.73

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 13, 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 25, 2010
Funds Offer Redemption
POAIIF 51.2207/-  50.7085/-
Daily Return 7.85%
POAIF 53.01/- 51.68/-
Daily Return (119.67)%
POASF 51.86/- 50.56/-
Daily Return (107.97)%
POAF 11.04 /-
Daily Return 22.36%
*Daily Returns are calculated as per MUFAP guidelines

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

S&P 'promotes' Pakistan rating
Pakistan's credit rating was raised by Standard & Poor's, which cited additional financial support for the nation from the International Monetary Fund (IMF).
S&P increased its rating on Pakistan's long-term sovereign debt to B- from CCC+, according to a statement released Wednesday. ... . more... (TFD)


Power tariff raise widley criticised

Industrialists and economists on Wednesday expressed deep concerns over increase in electricity tariff of 26 paisa per unit, and termed it "an irrational decision", especially for industrial sector that is already facing enormous problems. They were of the opinion that higher cost of power would increase the overall cost of production for industries, thus becoming locally produced goods out of reach of general public. . more... (BR)

UN for direct donations in Swiss, Pak bank accounts
ITU asks donors to wire money to the NBP or Switzerland's UBS AG to “assist the flood-affected victims..more... (DAWN)

 

 

 

 

 

 

 

 

Politics

MQM's tit-for-tat privilege motions against PML-N
The three motions submitted referred to the PML-N's alleged contacts with the army and its governance in Punjab. . more... (DAWN)

SC can review constitutional amendments; CJ
Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Wednesday observed that the apex court could hold judicial review of the constitutional amendments.
Heading a 17-member larger bench over certain challenged provisions of the 18th Amendment, he remarked they had taken oath under the constitution and vowed to protect it.. . more... (TFD)


Rehab, foremost thing to do, says Gilani

Prime Minister Syed Yousuf Raza Gilani said government has prioritised rehabilitation process of the flood-affected people across the country.
Talking to a private TV channel here Wednesday, Prime Minister Gilani said government was utilising all available resources to provide assistance to the flood affectees, adding world community was also donating generously for the relief of flood victims in Pakistan. Tuesday. more... (TFD)

 

 

 

 

 

 

 

Sector Briefing

Zardari, Gikani for early completio of TAPI project
President Asif Ali Zardari on Wednesday called for taking up the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project on an urgent basis. Talking to Rashid Ovezgeldievich Meredov, Vice Premier and Foreign Minister of Turkmenistan at Aiwan-e-Sadr, the President stressed for also holding a meeting of the TAPI steering committee to address issues involved in the pipeline project. . more... (BR)

Wellhead gas rates raised
The revised wellhead prices for the 1st Half FY11 of Qadirpur and Chanda gas fields have been issued by Oil and Gas Regulatory Authority (OGRA). . . more... (TFD)

Banks asked to help restore businesses: free seed for canola growers; Rs 5000 for each family
President Asif Ali Zardari on Wednesday said the banks should provide necessary financial services to farmers and small businessmen to help them restore their businesses vital to revival of economic activities in the flood-effected areas. more... (BR)

 

KSE Notices
 
 

Lotte Pakistan PTA Limited- Financial Results for the Quarter and Half Ended June 30, 2010
The Board of Directors in the meeting held on 25 Aug 2010, has approved the un audited condensed interim financial statments of the company for the quater ended and six months ended 30 June, 2010.The company showed a Quater ended PAT:PKR1.25mn EPS of 0.83 and Half YearPAT:PKR2.17mn EPS1.44. more... (KSE)

Silk Bank - Financial Results for the Quarter Ended June 30, 2010
Board of Directors announces the financial results for the Quater ended June 30, 2010 for Silk Bank. PAT: PKR0.62bn EPS:0.32more... (KSE)

Amtex - Financial Results for the Year Ended June 30, 2010
Board of Directors announces the financial results for the year ended June 30, 2010 for Packages Limited. PAT: PKR0.73bn EPS:3.74 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.