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Sep 20, 2010
 
Statistics
KSE-100 Index
Previous Index 10,017.14
Current Index 10,052.97
Change % 0.35%
YTD (CY10) 7.09%
YTD (FY11) 3.4%

International Indicators
  Close %age
BSE-30 19,618.01 1.03
HANGSENG 21,970.86 1.29
NIKKEI 255 9,626.09 1.20
FTSE 5,508.45 0.60
DJIA 10,607.85 0.12
SSEC 2,597.54 (1.15)
NASDAQ 2,315.61 0.54

SCRA
Sep 16, 2010 1.50
Sep, 2010 -44.53
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 12.75%
6m KIBOR 12.90%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.51
PKR/GBP 134.32
PKR/USD 85.85
PKR/OMR 220.3

Commodities
Oil $73.88/barrel
Change in % -3.06
Gold $1282.7/ounce
Change in % 0.55

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 20, 2010
Funds Offer Redemption
POAIIF 51.4656/-  50.9509/-
Daily Return 9.13%
POAIF 53.99/- 52.64/-
Daily Return 0.00%
POASF 52.51/- 51.20/-
Daily Return 21.40%
POAF 11.14 /-
Daily Return 16.27%
*Daily Returns are calculated as per MUFAP guidelines

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

Documentation of national economy: FBR decides to utilise army's survey
The Federal Board of Revenue (FBR) has decided to utilise data of national survey conducted by army in 2000 to bring potential taxpayers including owners of shops, retail outlets, business establishments, shopping malls, wholesalers, dealers, retailers, professional service providers and owners of properties into the tax net. more... (BR)

UN gathers pledges for $2bn Pakistan appeal
The United Nations gathered new aid pledges for the Pakistan flood disaster on Sunday after making a record two billion dollar appeal to feed millions of victims. more... (BR)


Affectees agri loans maybe rescheduled

President, Zarai Taraqqiati Bank Limited (ZTBL) Chaudhry Zaka Ashraf said that loans of flood-hit farmers could not be written-off but they could be re-scheduled. Talking to mediamen during his visit to ZTBL branch Lalamusa, Chaudhry Zaka said, “We will implement the government's decision, if it announces loans' write-off for the farmers. We can not waive-off loans on our own.” more... (TFD)

 

 

 

 

 

 

 

Politics

PML-N not to protect govt corruption under garb of democracy
The PML-N has decided to continue support for the democratic system but without endorsing the government’s wrongdoings. The decision was taken in a meeting of the PML-N top brass chaired by party Quaid Nawaz Sharif at Jati Umra, Raiwind. The meeting was attended by Chief Minister Punjab Mian Shahbaz Sharif, Opposition leader in National Assembly Chaudhry Nisar Ali Khan, MNAs Khawaja Mohammed Asif, Ayaz Amir and others. more... (N)

Qaim says govt not responsible for breach in Toori bund
Political party to be launched on Oct 1
HONG KONG: Former Pakistani president Pervez Musharraf said that some political elements are opposing him and making false accusations, however no action would be taken against him on his return to the country because there is no case against him in the courts of Pakistan. more... (TFD)

Undemocratic change will be grave: Gilani
Talking to senior newsmen and columnists at his residence in Lahore, Prime Minister said that he will quit the power if any politician comes through the Parliament, added that situation has been in control, he sees no change and his government will complete its tenure. more... (TFD)

 

 

 

 

 

 

 

Sector Briefing

Government unlikely to allow used cars import
The government is unlikely to allow commercial import of used cars, fearing that any such measure would have a negative impact on revenue collected from the local automobile sector. more... (BR)

PSO resumes fuel supply to Hubco, Kapco: Rs 12 billion released by Finance Ministry

The Pakistan State Oil (PSO) resumed furnace oil supply to Hubco and Kapco after Finance Ministry released Rs 12 billion to ease its financial woes, Business Recorder learnt on Saturday. "We have also received a commitment of Rs 24 billion, to be released next week," a PSO official said, adding that fuel supply was resumed to Hubco and Kapco on Saturday, after receiving these commitments. more... (BR)


Gold hits new high of Rs 40,600 per tola

Global gold value surge continues pushing gold prices to a new peak of Rs 40,600 per tola on the local market on Saturday, a trader said. Gold trading began today after one day of markets closure, (because the city mourned the assassination of an MQM leader - Dr Imran Farooq in London) with Rs 40,550 per tola and Rs 34,757 per 10-gram on the local market. more... (BR)

 

KSE Notices
 
 

D.G. Khan Cement Company Limited
The Board of Directors in the meeting held on Sep 17, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR233.02mn EPS of 0.72 more... (KSE)

National Foods Limited
The Board of Directors in the meeting held on Sep 17, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR86.56mn EPS of 2.09 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.