Sep 17, 2010
KSE-100 Index
Previous Index 10,046.57
Current Index 10,017.14
Change % (0.29%)
YTD (CY10) 6.73%
YTD (FY11) 3.04%

International Indicators
  Close %age
BSE-30 19,417.49 (0.43)
HANGSENG 21,691.45 (1.34)
NIKKEI 255 9,509.50 (0.10)
FTSE 5,540.14 (0.30)
DJIA 10,594.83 0.21
SSEC 2,673.08 (2.49)
NASDAQ 2,303.25 0.08

Sep 14, 2010 1.20
Sep, 2010 -50.13
YTD (FY10) 84.24

Money Market Updates
6m T-bill 16-Sep-10 12.66%
12m T-bil -Sep-10 12.79%
3m KIBOR 12.74%
6m KIBOR 12.88%
10 yrs PIB 13.27%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 111.49
PKR/GBP 134.02
PKR/USD 85.83
PKR/OMR 220.3

Oil $75.17/barrel
Change in % -1.28
Gold $1275.70/ounce
Change in % 0.55

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 16, 2010
Funds Offer Redemption
POAIIF 51.4532/-  50.9387/-
Daily Return 7.89%
POAIF 53.99/- 52.64/-
Daily Return -20.81%
POASF 52.48/- 51.17/-
Daily Return -14.28%
POAF 11.17 /-
Daily Return 10.7%
*Daily Returns are calculated as per MUFAP guidelines

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

Pakistan's foreign exchange reserves flat at $16.07 billion
Foreign exchange reserves remained unchanged at $16.07 billion for the week ending on September 10, the central bank said on Thursday, holding steady from the previous week. Reserves held by the State Bank of Pakistan (SBP) fell to $12.34 billion from $12.35 billion, while those held by commercial banks rose to $3.73 billion from $3.72 billion, said Syed Wasimuddin, chief spokesman of the SBP. more... (BR)

Inflation may go up to 14 per cent
The government has revised its estimates for current year's rate of inflation to up to 14 per cent from the budgeted target of 9.5 per cent owing to a number of factors, particularly rising food prices as a result of devastations caused by floods. more... (D)

'Industrial sector needs Comprehensive Master Plan for revival'
Crisis-ridden industrial sector needs a "Comprehensive Master Plan" for its immediate revival with tax exemption for 10 years, said Mian Muhammad Latif, Chief Executive Chenab Limited and former Chairman, Faisalabad Dry Port Trust (FDPT), while giving a briefing to National Management Officers at Dry Port here Thursday.. more... (D)









Dr Imran Farooq assassinated in London
Senior leader of Muttahida Qaumi Movement and former chairman of Co-ordination Committee, Dr Imran Farooq was killed near his home in central London on Thursday. According to a private channel, some assassins attacked Dr Imran Farooq with knives near his home in London. Some sources said that he was attacked with fire arms. more... (BR)

Nawaz in favour of change
While supporting a political change through Constitutional ways and means, the PML-N Chief has floated the idea of a 'Charter of Pakistan' with a view to drawing a grand strategy for the next 25 years.more... (BR)

Karzai says Pakistan to play role in talks with Taliban
President Hamid Karzai reassured on Thursday Pakistani leaders of a role in the reconciliation process with Taliban and other Afghan warring factions as his country headed for parliamentary elections this weekend. more... (D)








Sector Briefing

Government decides to waive 25 percent regulatory duty on raw sugar import
The federal government has decided in principle to waive the 25 percent Regulatory Duty (RD) on import of raw sugar to plug in the expected shortage next year. However, the quantity of raw sugar import is yet to be finalised, well-informed sources told Business Recorder . more... (BR)

IMF assured of RGST by October 1: Pepco to be disbanded by October 30

The government has assured International Monetary Fund (IMF) of implementing reforms in power sector, including disbanding of Pakistan Electric Power Company (PEPCO) by October 30, besides the implementation of Reformed General Sales Tax (RGST) by October, 01.more... (BR)

FBR starts drafting Ordinance

The Federal Board of Revenue (FBR) on Thursday started drafting the Reformed General Sales Tax (RGST) Ordinance as the government has to promulgate it before September 20 in view of the fact that the President is not empowered to sign any Ordinance when the National Assembly is in session that is starting from September 20, 2010. more... (BR)


KSE Notices

JS Global
For FY10, the company has reported a loss after tax of PKR 77.35mn translating into LPS of PKR 1.55. Moreover, the company has also declared a cash dividend of PKR 5/share. more... (KSE)

FFBL's board is scheduled to meet on Sep 21, 2010 in Singapore to disclose financial performance of 1QFY11. more... (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.