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Aug 30, 2010
 
Statistics
KSE-100 Index
Previous Index 9,584.37
Current Index 9,598.71
Change % 0.15%
YTD (CY10) 2.26%
YTD (FY11) (1.27)%

International Indicators
  Close %age
BSE-30 18,072.24 0.41
HANGSENG 20,744.37 0.71
NIKKEI 255 9,165..02 1.94
FTSE 5,201.56 0.89
DJIA 10,150.65 1.65
SSEC 2,648.57 0.00
NASDAQ 2,153.63 1.65

SCRA
August 26, 2010 0.30
August, 2010 47.05
YTD (FY10) 84.24

Money Market Updates
6m T-bill 25-Aug-10 12.65%
12m T-bil 25-Aug-10 12.78%
3m KIBOR 12.71%
6m KIBOR 12.87%
10 yrs PIB 13.20%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 109.05
PKR/GBP 133.11
PKR/USD 85.74
PKR/OMR 220.49

Commodities
Oil $75.17/barrel
Change in % 2.32
Gold $1238.10/ounce
Change in % 0.20

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 170.37mn
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 30, 2010
Funds Offer Redemption
POAIIF 51.2417/-  50.7293/-
Daily Return 7.77%
POAIF 53.16/- 51.83/-
Daily Return 7.04%
POASF 51.96/- 50.67/-
Daily Return 7.20%
POAF 11.07 /-
Daily Return 144.71%
*Daily Returns are calculated as per MUFAP guidelines

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

City traders suffered Rs 100 billion losses during past three months
Traders reckon over Rs 100 billion losses during last three months for continued violence of target killings in the city, said Chairman of All Karachi Tajir Itihad, Muhammad Atiq Mir on Friday. He said that traders had retrenched 20 percent of the workforce for being unable to pay the labourers salaries after falling in financial crisis in the wake of 70 percent businesses hit by recession . more... (BR)

Refiners' Aug margins down
Based on production figures of July 2010, Gross Refinery Margins (GRMS) are so far down 60 per cent MoM to $1.5-1.8 per barrel in August 2010 as compared to $4.6 per barrel in July 2010. more... (TFD)

Pakistan wants to stay with IMF program: Shaikh
Pakistan wants to stay on track with its International Monetary Fund loan program and demonstrate its resolve to make tough economic decisions, Finance Minister Abdul Hafeez Shaikh said on Thursday. more... (D)

 

 

 

 

 

 

 

 

 

 

Politics

New crisis on its way judiciary
Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted a full bench to hear petitions against the appointment of superior court judges. more... (TFD)

Ministry releases Rs 21 billion for TCP
The Ministry of Commerce has released Rs 21 billion of commodities' subsidy to the Trading Corporation of Pakistan (TCP) for opening Letters of Credit for sugar. Sources told Business Recorder on Saturday that this amount was allocated by the federal government in the federal budget for the year 2010-11 for payment of subsidy on different commodities' import by TCP.more... (BR)

Army, others working on 'war footing' to save Thatta
Troops and workers were on a 'war footing' Sunday as they battled to save Thatta city after most of the population of 300,000 fled the advancing flood waters.more... (BR)

 

 

 

 

 

 

 

 

 

Sector Briefing

Banks' profit increases in 1H
Despite poor economic scenario, banks kept improving their profits during the first half of this calendar year as they earned a net profit of Rs35.5 billion.

The private sector did not play a key role for banks' profits; it was the banks' investment mostly in government papers which yielded profit for them. more... (D)

Ogra fixes LPG price, warns manipulators
Oil and Gas Regulatory Authority on Friday fixed the maximum consumer price for liquefied petroleum at Rs95 per kg and issued stern warning to LPG marketing companies involved in price manipulation. ..more... (D)

KESC to seek hike in tariff charges
People of Karachi may face another increase in electricity tariff as the Karachi Electric Supply Company has sought a hike of 30 paisas per unit in its tariff. more... (D)

 

KSE Notices
 
 

Capital Assets Leasing Corporation Limited
The Board of Directors in the meeting held on 28 Aug 2010, has approved the un audited condensed annual financial statments of the company for the year ended 30 June, 2010.The company reported LAT:PKR36.4mn LPS of 2.22 more... (KSE)

Descon Chemicals Limited
The Board of Directors in the meeting held on 28 Aug 2010, has approved the un audited condensed annual financial statments of the company for the year ended 30 June, 2010.The company reported LAT:PKR53.4mn LPS of 0.27 more... (KSE)

Indus Motor Company Limited
The Board of Directors in the meeting held on 27 Aug 2010, has approved the un audited condensed annual financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR3.44bn EPS of 43.81. In addition to this, the company has also declared a cash dividend of PKR 10/share (100%) for FY10. 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.