Sep 2, 2010
KSE-100 Index
Previous Index 9,813.05
Current Index 9,735.38
Change % (0.79)%
YTD (CY10) 3.71%
YTD (FY11) 0.14%

International Indicators
  Close %age
BSE-30 18,205.87 1.31
HANGSENG 20,623.83 0.43
NIKKEI 255 8,927.02 1.20
FTSE 5,366.41 2.70
DJIA 10,269.47 2.54
SSEC 2,642.38 0.23
NASDAQ 2,176.84 2.54

August 31, 2010 -0.16
August, 2010 48.69
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 12.73%
6m KIBOR 12.88%
10 yrs PIB 13.20%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 108.85
PKR/GBP 131.84
PKR/USD 85.7
PKR/OMR 219.83

Oil $73.75/barrel
Change in % 1.94
Gold $1248.80/ounce
Change in % 0.80

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 Sep 1, 2010
Funds Offer Redemption
POAIIF 51.2936/-  50.7807/-
Daily Return 7.61%
POAIF 53.14/- 51.81/-
Daily Return (98.36)%
POASF 51.94/- 50.64/-
Daily Return (93.46)%
POAF 11.08 /-
Daily Return (6.07)%
*Daily Returns are calculated as per MUFAP guidelines

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

Infrastructure, livestock and crops: Pakistan suffered colossal damages, says Kaira
Rs 350 to Rs 500 billion to infrastructure, livestock and standing crops by the devastating floods. Addressing a press conference, Federal Minister for Information and Broadcasting, Qamar Zaman Kaira on Wednesday said about 20 percent of Pakistan's irrigation infrastructure, livestock and crops have been destroyed and perished by the recent floods. more... (BR)

World Bank boosts relief support to $1 billion
The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Wednesday. "The WB is committed to helping the people of Pakistan during this time of need and has made US $1 billion available to finance immediate recovery needs and longer-term reconstruction," the statement quoted WB President Robert Zoellick as telling Pakistan Finance Minister Hafeez Shaikh in Washington. more... (BR)

Growth to decline to 2.5 percent
The Cabinet has been informed that GDP will decline to 2.5 percent, from projected 4.5 percent, for the current fiscal year (2010-11) as a result of damage to various sectors of the economy by floods. The Minister for Information, Qamar Zaman Kaira, told media here on Wednesday at a news conference after the Cabinet meeting that budget deficit might touch 6 to 7 percent of GDP for the ongoing fiscal year and inflation 15 to 20 percent. more... (BR)










SC overrules NAB head appointment
Supreme Court (SC) declared illegal the appointments of Acting Chairman of National Accountability Bureau (NAB) Javed Qazi, media reported Wednesday. The SC issued an order while hearing a case regarding a scandal involving Haris Steel Mills loans from Bank of Punjab. more... (TFD)

Suicide blasts in Lahore kill 25, injure 180
Three suicide bombers targeted a religious procession in Lahore on Wednesday, killing at least 25 people and wounding 180, police and rescue officials said. It was the first major attack in Pakistan since devastating floods engulfed a fifth. more... (BR)

PAC recovers Rs52bn in 2yrs
The Public Accounts Committee of the National Assembly has recovered Rs52 billion in last two and a half years, which is the highest recovered amount by any PAC.
According to the sources of PAC Secretariat, the committee recovered over Rs24 billion during the last financial year from different departments and ministries. The sources further claimed that the recovery was the highest since the formation of PAC in 1985. The recovery figure of any PAC had ever crossed the figure of Rs 4 to 5 billion, the sources said. more... (TFD)









Sector Briefing

Cement sales fall 20pc in Aug
Country's cement sector has showed dismal performance during the month of August 2010, as total cement dispatches declined 19.8 per cent to 2.36 million tonnes against 2.95 million tonnes in same period last year, according to the data released by All Pakistan Cement Manufacturers Association (APCMA). As per details available, local cement dispatches dropped 26.4 per cent YoY to 1.47 million tonnes against 1.99 million tonnes, similarly exports figures showed meager. more... (TFD)

KSE declines 6.7pc in Aug
After remarkable recovery of 8.2 per cent in July, country's main stock market index (KSE 100) remained under pressure depicting a decline of 6.7 per cent MoM in the month of August 2010. more... (TFD)

Budget deficit may hike to 7pc of GDP
Pakistan's budget deficit is expected to climb up to 7 per cent of gross domestic product in the fiscal year 2010-2011 as a result of floods, Prime Minister said.
"The budget deficit before the flood crisis was estimated to reach 4.5 per cent of GDP. Now it is estimated to be as much as 6-7 per cent of the GDP," Prime Minister Gilani told the Cabinet. Gilani said the disaster would hit the economy hard. Pakistan's budget deficit for the fiscal year 2009-10 was 6.3 per cent of GDP, the Finance Ministry said on its website on Tuesday. This compared with a deficit of 5.2 per cent in fiscal year 2008-09. The monsoon floods have affected an estimated 18 million people, ravaged an area larger than England and destroyed over 3.4 million hectares of crops. more... (TFD)


KSE Notices

Kot Addu Power Company Limited
The Board of Directors in the meeting held on Sep 1 2010, has approved the financial statments of the company for the half year ended 30 June, 2010.The company reported PAT:PKR5.09bn EPS of 5.78 more... (KSE)



(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
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