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Sep 14, 2010
 
Statistics
KSE-100 Index
Previous Index 9,891.13
Current Index 9,879.33
Change % 0.12%
YTD (CY10) 5.25%
YTD (FY11) 1.62%

International Indicators
  Close %age
BSE-30 19,208.33 2.17
HANGSENG 21,658.40 1.90
NIKKEI 255 9,321.82 0.90
FTSE 5,565.53 1.20
DJIA 10,544.13 0.78
SSEC 2,688.18 0.09
NASDAQ 2,285.71 1.93

SCRA
Sep 8, 2010 -30.83
Sep, 2010 -51.87
YTD (FY10) 84.24

Money Market Updates
6m T-bill 08-Sep-10 12.52%
12m T-bil 08-Sep-10 12.66%
3m KIBOR 12.77%
6m KIBOR 12.91%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 109.16
PKR/GBP 132.64
PKR/USD 85.75
PKR/OMR 218.53

Commodities
Oil $77.17/barrel
Change in % 3.15
Gold $1251.70/ounce
Change in % -0.47

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 170.45mn
US$ Reserves (Aug 27, 2010) $16.12bn
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 09, 2010
Funds Offer Redemption
POAIIF 51.3781/-  50.8643/-
Daily Return 7.90%
POAIF 53.51/- 52.17/-
Daily Return -62.86%
POASF 52.16/- 50.86/-
Daily Return -85.92%
POAF 11.12 /-
Daily Return 10.72%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF tells govt to abolish Pepco
Fund toughens terms for next tranches. Demands privatisation of 2 discos. International Monetary Fund (IMF) has demanded Pakistan to abolish Pakistan Electric Power Company (PEPCO) and put an end to the discounted power supply to employees of Wapda and other distribution companies. more... (TFD)

Railways fares to go up by 15 percent
Pakistan Railways is going to increase fares by 15 percent as the government has approved the demand of the government institution which is facing profound financial crunch. Millions of people who prefer to travel by train; the only cheaper source of transportation, would be facing hardships after the enhancement in fares. . more... (BR)

Iftikhar asks US to assist in rehabilitation
Pakistan Railways is going to increase fares by 15 percent as the government has approved the demand of the government institution which is facing profound financial crunch. Millions of people who prefer to travel by train; the only cheaper source of transportation, would be facing hardships after the enhancement in fares. more... (BR)

 

 

 

 

 

 

 

Politics

Musharraf to be received by CJ: PM
Prime Minister Syed Yousuf Raza Gilani sarcastically made it clear that if former president Pervez Musharraf comes to Pakistan, he will be warmly received by Chief Justice of Pakistan. PM Gilani said this while talking to a host of journalists in Multan after inquiring after the health of PML-N leader Javed Hashmi at his residence. He said that country is passing through tough circumstances, adding flood victims want aid as well as support in this hour of crisis. We don't want democracy to be derailed at any cost, PM pointed. He said that the controversial Kalabagh Dam issue would be solved through consensus. more... (TFD)

Musharraf aims to re-rule Pakistan
Former president Pervez Musharraf says he is forming a new political party with a view to returning to politics in the country. He told BBC that he will be standing for a seat in the next parliament from there he hopes to become either PM or President. more... (TFD)

'Revolution against feudals is knocking at Pakistan's doorstep'
MQM Chief Altaf Hussain has said a revolution against the outdated feudal system is knocking at Pakistan’s doorstep. Altaf urged the people of the country to play their role to bring about a change against feudalism. more... (T)

 

 

 

 

 

 

 

Sector Briefing

Shelving of Thar coal gasification project: Sindh protests Centre's move
Sindh government has strongly protested against the Centre's decision of shelving Rs 490.48 million Thar coal gasification project and has decided to take up the matter with the President and the Prime Minister, Business Recorder has learnt. more... (BR)

Agri-loan-waiver for victims likely

Gilani visits flood-affected districts in Multan. PM promises free agri-inputs for affected farmers. Over Rs4 billion reaches PM relief fund so far. Prime Minister Syed Yousuf Raza Gilani said Monday government is considering waiving agricultural loans in the flood-hit areas. more... (TFD)

Foreigners put $27.43mn into KSE in Ramadan
During the month of Ramadan, foreign buying momentum in the local bourse did continue but at a lower pace as a net-buying of only $27.43 million was recorded, as per National Clearing Company of Pakistan Limited (NCCPL) data. more... (TFD)

 

KSE Notices
 
 

Nishat Mills Limited
The Board of Directors in the meeting held on Sep 9, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR8.21bn EPS of 29.52 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.