Sep 23, 2010
KSE-100 Index
Previous Index 9,992.50
Current Index 9,946.42
Change % -0.46%
YTD (CY10) 5.96%
YTD (FY11) 2.31%

International Indicators
  Close %age
BSE-30 19,941.72 (0.30)
HANGSENG 22,047.70 0.20
NIKKEI 255 9,566.32 (0.20)
FTSE 5,551.91 (0.40)
DJIA 10,739.31 (0.20)
SSEC 2591.55 0.33
NASDAQ 2,334.55 (0.20)

Sep 21, 2010 -0.19
Sep, 2010 -43.01
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 12.76%
6m KIBOR 12.90%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.4
PKR/GBP 134.64
PKR/USD 85.95
PKR/OMR 220.49

Oil $74.8/barrel
Change in % -0.38
Gold $1293.3/ounce
Change in % 0.33

CPI Gen. - YoY (Aug-10) 13.2%
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 (Sep 21, 2010) $16.07bn
Trade Balance Aug $(1.24)bn
Curr. A/C (Jul-Jun-10) $(635)bn
Remittances (Aug 10) $933.06mn
Foreign Investment (Jul 10) $144.80mn
All Sch. Banks Deposit Base (Aug 13, 2010) Rs653.42bn

NAVs and Returns
as of Sep 22, 2010
Funds Offer Redemption
POAIIF 51.5191/-  51.0039/-
Daily Return 7.96%
POAIF 53.73/- 52.39/-
Daily Return -111.13%
POASF 52.24/- 50.93/-
Daily Return -114.31%
Daily Return  
*Daily Returns are calculated as per MUFAP guidelines

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

IMF sees Pakistan inflation accelerating to 13.5pc
Inflation in Pakistan is expected to accelerate to 13.5 percent this year as massive summer floods push up prices for food and other staples, the International Monetary Fund said in its country report. more... (BR)

FBR collects Rs220bn in first quarter
The Federal Board of Revenue (FBR) collected taxes of Rs.220.308 billion during the first quarter of the current fiscal year, showing an increase of 5.1 percent over the corresponding period of previous year. more... (BR)

Gold touches all-time high of Rs41,150 per tola

Gold prices skyrocketed for a seventh straight day on Wednesday to touch the highest level of 41,150 per tola (11.665 grams), following a record high in the international market, dealers said. Bullion prices rose by Rs400 to hit an all-time high of Rs41,150 per tola and by Rs343 to Rs35,271 per 10 grams. more... (N)











I won’t flee, will face any challenge: Zardari
President Asif Ali Zardari on Wednesday made it clear he is not among those frightened people who run away from the country in tough circumstances, saying that he is ready to face any type of challenge. more... (BR)

Judges, generals to also face accountability: PM
Prime Minister Yousuf Raza Gilani on Wednesday said accountability shall be carried out across the board and the government and opposition will adopt the accountability bill with consensus. “I shall support the accountability bill." more... (N)

‘CIA covertly runs Afghan force in Pakistan’
The Central Intelligence Agency (CIA) runs an Afghan paramilitary force that hunts down al-Qaeda and Taliban militants in covert operations in Pakistan, a US official said on Wednesday. Confirming an account in a new book by famed reporter Bob Woodward, the US official told AFP that the Counter-terrorism Pursuit Teams were highly effective but did not offer details. “This is one of the best Afghan fighting forces and it’s made major contributions to stability and security,” said the official, who spoke on condition of anonymity.. more... (N)









Sector Briefing

PSO yet to decide fate of oil import orders
Pakistan State Oil (PSO) remains undecided on the fate of importing 650,000 tons of furnace oil, deferred on Sep. 17, as the government has yet to give assurance of releasing the required funds, company officials said on Wednesday.
State-run petroleum supplier postponed the import of furnace oil for a few days because of rising circular debt and cash shortfall, they said. more... (N)

Pepco seeks duty exemption on UAE gifted power plant

The Pakistan Electric Power Company (Pepco) is said to have sought special exemption in customs duty on 320 MW power plant, gifted by United Arab Emirates (UAE), to be installed at Faisalabad, sources told Business Recorder here on Wednesday. more... (BR)

Nepra cuts KESC tariff by 42 paisa

The National Electric Power Regulatory Authority (NEPRA) has decreased the power tariff by 42 paisas for consumers of Karachi Electric Supply Cooperation (KESC), a private TV channel quoted Wednesday. Nepra announced this reduction under fuel adjustment and on the basis of power generation cost and electricity buying price. The power generation and buying price of KESC decreased to Rs1.4 billion in June. more... (TFD)


KSE Notices

Orix Leasing Pkaistan Limited
The Board of Directors in the meeting held on Sep 22, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR104.48mn EPS of 1.27. 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.