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Sep 1, 2010
 
Statistics
KSE-100 Index
Previous Index 9,516.42
Current Index 9,813.05
Change % 3.12%
YTD (CY10) 4.54%
YTD (FY11) 0.93%

International Indicators
  Close %age
BSE-30 17,971.12 (0.34)
HANGSENG 20,536.49 (0.97)
NIKKEI 255 8,824.06 (3.60)
FTSE 5,225.22 0.50
DJIA 10,014.72 0.05
SSEC 2,642.38 0.23
NASDAQ 2,114.03 (0.28)

SCRA
August 27, 2010 1.91
August, 2010 48.97
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 12.72%
6m KIBOR 12.87%
10 yrs PIB 13.20%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 108.5
PKR/GBP 133.6
PKR/USD 85.75
PKR/OMR 219.83

Commodities
Oil $72.35/barrel
Change in % (2.17)
Gold $1238.90/ounce
Change in % 0.86

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 31, 2010
Funds Offer Redemption
POAIIF 51.2833/-  50.7705/-
Daily Return 7.45%
POAIF 53.28/- 51.95/-
Daily Return 98.63%
POASF 52.07/- 50.77/-
Daily Return (86.48)%
POAF 11.08 /-
Daily Return 11.12%
*Daily Returns are calculated as per MUFAP guidelines

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

Individual financier's role in MTS: SECP expresses reservations due to money laundering
The Securities and Exchange Commission of Pakistan (SECP) has expressed reservations on individual financier in the proposed leverage product of Margin Trading System (MTS) due to money laundering issues, it is learnt. more... (BR)

Fiscal year 2010 budget deficit exceeds IMF target
he consolidated budget deficit of federal and provincial governments mounted to 6.3 percent for last year - July-June 2009-10 - against 5.1 percent of GDP committed with the International Monetary Fund, according to the Ministry of Finance. more... (BR)

Petrol prices decreased, diesel increased
The government has raised HSD, kerosene prices while prices of petrol and HOBC have been slashed in line with revision in global oil prices effective September 1, 2010. Price of High Speed Diesel (HSD) has been raised by Rs 1.57 per liter, Light Diesel Oil (LDO) Rs 1.32 per liter, kerosene oil Rs 0.72 per liter, JP-1 (local) Rs 0.69 per liter, JP-4 Rs 1.34 per liter and JP-8 Rs 0.69 per liter. more... (BR)

 

 

 

 

 

 

 

 

 

Politics

LHC Chief Justice seeks reply from sports secretary
The Chief Justice of Lahore High Court on Tuesday sought reply from federal sports secretary by September 7 in a petition seeking strict action against Pakistani cricket players for their involvement in match fixing scandal. The petition was filed by a citizen Shakil Ahmad through Advocate Chaudhry Ishtiaq Ahmad submitting that Pakistani players by indulging in match fixing had tarnished the image of the country. more... (BR)

18th Amendment: Prime Minister has no role in appointment of judges, AG tells Supreme Court
Confirmation by the Attorney General (AG) that the Prime Minister has 'no role' in appointments of superior courts' judges subsequent to the passage of the 18th Amendment, overshadowed Tuesday's proceedings as 17-member bench of the Supreme Court exclusively and deeply focused on its pros and cons. more... (BR)

War on terror: Khyber Pakhtoonkhwa government not paid one percent share against losses
The federal government has not given the one percent share in divisible pool, as agreed in the National Finance Commission Award, to the Khyber Pakhtoonkhwa government on account of losses incurred in war on terror. Sources said that the agreed amount of one percent from the divisible pool was not paid to Khyber Pakhtoonkhwa government last month. more... (BR)

 

 

 

 

 

 

 

 

Sector Briefing

Qadirpur Gas Field to be shut down for 10 days
Sui Northern Gas Pipelines Ltd has announced to close Qadirpur Gas field for 10 days owing to annual repair work in the gas plant from September 10, 2010.According to details Qadirpur Gas field would remain close for consecutive 10 days from September 10, 2010 owing to annual repairing in the Gas plant, thus gas supply to the industrial areas Punjab and Khyber-Pakhtunkhwa would be suspended for 3 days. more... (TFD)

‘Inoperative Parco’ may up oil imports
Refinery closed for 2 weeks. Pakistan's 100,000 barrel-per-day (bpd) joint venture Pak Arab Refinery Ltd (PARCO) has been totally shut down by severe floods and the country plans to import jet fuel and gasoline to plug the supply gap, traders said Tuesday. more... (TFD)

OMCs for cut in turnover tax on all products: exemption on diesel rejected
The oil marketing companies (OMCs) have turned down the offer of the Federal Board of Revenue (FBR) to avail 'turnover tax exemption' on the sale of diesel (HSD). Sources told Business Recorder on Tuesday that the top brass of the board had proposed granting turnover tax exemption on HSD, which would be subject to the approval of finance ministry. more... (BR)

 

KSE Notices
 
 

Azgard Nine Limited
The Board of Directors in the meeting held on 31 Aug 2010, has approved the financial statments of the company for the half year ended 30 June, 2010.The company reported LAT:PKR173.75mn LPS of 0.41 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.