Aug 27, 2010
KSE-100 Index
Previous Index 9553.81
Current Index 9584.37
Change % 0.31%
YTD (CY10) 2.10%
YTD (FY11) (1.41)%

International Indicators
  Close %age
BSE-30 18,226.35 0.26
HANGSENG 20,612.10 (0.10)
NIKKEI 255 8,906.48 0.70
FTSE 5,155.84 0.90
DJIA 9,985.81 (0.74)
SSEC 2,611.69 (0.58)
NASDAQ 2,118.69 (1.07)

August 25, 2010 1.95
August, 2010 46.75
YTD (FY10) 83.94

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 108.92
PKR/GBP 132.95
PKR/USD 85.75
PKR/OMR 221.82

Oil $72.85/barrel
Change in % 0.38
Gold $1,238/ounce
Change in % (0.28)

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 170.37mn
US$ Reserves (Aug 20, 2010) $16.11bn
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 27, 2010
Funds Offer Redemption
POAIIF 51.2312/-  50.7189/-
Daily Return 7.77%
POAIF 53.17/- 51.84/-
Daily Return 113%
POASF 51.96/- 50.66/-
Daily Return 72.19%
POAF 11.04 /-
Daily Return 10.43%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF may ease existing loan term
The International Monetary Fund said on Thursday that besides easing the terms of an existing loan arrangement, the IMF was also considering more immediate measures to help Pakistan recover from mass flooding..more... (DAWN)

Pakistans foreign exchange reserves fall by $181.8mn
The country's foreign exchange reserves further plunged by $181.8 million during the last week. The State Bank of Pakistan on Thursday revealed that the country's liquid forex reserves declined to $16.1087 billion during the week ended August 20, 2010, against $16.2905 billion a week earlier... more... (BR)

FBR sees collection undampened
The government needs a major chunk of resources to initiate reconstruction and rehabilitation of infrastructure as well as the people in flood areas but there would be no impact of flood on revenue collection. Spokesperson Federal Board of revenue Israr Rauf said the revenue collection till 24th August is 7 per cent greater as compared to last year because the main source of revenue collection is major cities where multinationals are working, reported a private news channel on Thursday.
..more... (TFD)




Deputy AGP removed from office
Deputy Attorney General Agha Tariq Mehmood removed from his portfolio here on Thursday. According to a private TV channel report sources of Attorney General Office has confirmed issuance of removal notification for Deputy Attorney General Agha Tariq.
Attorney General office sources further informed that department was not satisfied with his performance. According to the law ministry, the contract of Deputy Attorney General has expired which was not renewed due to which he was removed from his post.
Meanwhile Election Commission of Pakistan (ECP) has issued the forced retirement notification of Joint Secretary of ECP Nasreen Pervez. According to the notification Nasreen Pervez was removed from her office on the charges of misconduct . more... (TFD)

Piaf urges government to start work on Kalabagh Dam on war footing
While appreciating Prime Minister's gesture regarding the importance of Kalabagh Dam, Pakistan Industrial and Traders Associations Front (Piaf) has urged the government to start work on Kalabagh Dam without any further delay as it is not the issue of Punjab alone rather it belongs to the whole country and its people. . more... (BR)

PPB asked to auction public property after proper assessment
Senior Advisor to Chief Minister Punjab, Sirdar Zulfiqar Ali Khan Khosa, has asked the officials of Punjab Privatisation Board (PPB) to auction the public property after proper assessment and advertisement, open bidding and in a transparent manner. He directed that amount of the sold property should be utilised for public welfare projects. more... (BR)



Sector Briefing

Farmers loan's waiver mulled
National Assembly's Standing Committee on Food and Agriculture Thursday strongly recommended waiving loans on poultry, fisheries, tube-wells, machinery and crops in the flood-hit areas to mitigate the sufferings of the farmers. The meeting which was presided over by its chairman Javed Iqbal Warraich reviewed various issues relating to food and agriculture department. . . more... (TFD)

Mutual Funds up by 5.6% in Jul
Mutual Fund Industry size surged impressively by 5.60 per cent in the first month of new fiscal year 2011 to Rs208.6 billion against Rs197.5 billion in June 2010.
Open-end funds which contribute almost 85 per cent of total Mutual Fund Industry size stand at Rs176.28 billion in July-10 compared with Rs167.6 billion in June-10, showing an increase of 5.2 per cent month-on-month; while closed-end funds ..more... (TFD)

ICI Pakistan profit after tax increase to RS1.165bn
The profit after tax of ICI Pakistan Limited has increased by 14 percent to Rs 1.165 billion in the half year period ended June 30, 2010 as compared to Rs 1.025 earned in the corresponding period in 2009. The company's earning per share increased to Rs 8.39 in the period under review against Rs 7.39 in the same period last year. .more... (BR)


KSE Notices

Shell Gas LPG Pakistan Limited- Financial Results for the Year Ended June 30, 2010
The Board of Directors in the meeting held on 26 Aug 2010, has approved the un audited condensed interim financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR50.33mn EPS of 2.22 more... (KSE)

World Call Telecom Limited- Financial Results for the Half Year Ended June 30, 2010
Board of Directors announces the financial results for the half year ended June 30, 2010 for World Call. LAT: PKR410.5mn LPS:0.48more... (KSE)

Bank Al Falah Limited- Financial Results for the Half Year Ended June 30, 2010
Board of Directors announces the financial results for the year ended June 30, 2010 for Bank Al Falah Limited. PAT: PKR1078mn EPS:0.80more... (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.