Sep 24, 2010
KSE-100 Index
Previous Index 9,946.42
Current Index 9,866.80
Change % -0.80%
YTD (CY10) 5.11%
YTD (FY11) 1.49%

International Indicators
  Close %age
BSE-30 19,877.90 (0.30)
HANGSENG 22,047.70 0.21
NIKKEI 255 9,566.32 (0.20)
FTSE 5,547.08 (0.10)
DJIA 10,662.42 (0.72)
SSEC 2591.55 0.33
NASDAQ 2,327.08 (0.32)

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 12.82%
6m KIBOR 12.96%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 115.05
PKR/GBP 134.51
PKR/USD 85.90
PKR/OMR 220.49

Oil $74.94/barrel
Change in % 0.19
Gold $1295/ounce
Change in % 0.13

CPI Gen. - YoY (Aug-10) 13.2%
CPI Gen. - FY11 (Jul-Aug 10) 14%
NFNE Core INFL - YoY (Aug-10) 9.8%
NFNE Core INFL - FY11 (Jul-Aug10) 10%

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 (Aug 10) $41.32mn
All Sch. Banks Deposit Base (Sep 17, 2010) Rs657.92bn

NAVs and Returns
as of Sep 23, 2010
Funds Offer Redemption
POAIIF 51.5297/-  51.0144/-
Daily Return 7.8%
POAIF 53.48/- 52.14/-
Daily Return -174.17%
POASF 51.89/- 50.59/-
Daily Return -243.67%
Daily Return  
*Daily Returns are calculated as per MUFAP guidelines

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

Rs 50.85 billion loans written off by banks in two years: National Assembly informed
Rupees 50.85 billion loans were written off by various banks during the last two years while the foreign debt of Pakistan reached $65 billion at the end of June 30, 2010. The loans of 212,114 persons and companies were written off by banks during last two years. more... (BR)

PAEC utilising nuclear technology in fields of agriculture, health and industry
Chairman Pakistan Atomic Energy Commission (PAEC) Dr Ansar Parvez had urged IAEA to maintain its principle-based role to assist its member states on equitable and non-discriminatory basis in line with the Agency's Mission Statement, realisation of the right of every state to the peaceful applications of nuclear technology, particularly nuclear power generation. more... (BR)

NA passes landmark anti-monopoly Competition Bill unanimously
The National Assembly on Thursday unanimously passed a bill substituting Monopoly Control Authority with Competition of Pakistan having a broader, more progressive and refined mandate for free competition in all spheres of commercial and economic activity. more... (BR)

No financial emergency in country: Dr.Hafeez
Federal Minister for Finance, Revenues and Economic Affairs, Dr Abdul Hafeez Shaikh here on Thursday quashed the rumours of imposing any financial emergency saying that ‘No financial emergency is being imposed or needed in the country'. more... (BR)









PPP says wants no showdown with judges
Pakistan Peoples Party during its Central Executive Committee meeting agreed that the party wants no confrontation with the judiciary and that it will continue to pursue the policy of reconciliation. This was stated by PPP leader Jehangir Badar while briefing the media following the party’s CEC meeting here on Thursday. more... (TFD)

Aafia sentenced to 86 years in US prison
A US federal court Thursday sentenced Aafia Siddiqui to 86 years in prison for attempted murder of US officers in Afghanistan. "It is my judgement that Dr Siddiqui is sentenced to a period of incarceration of 86 years," said judge Richard Berman. Aafia Siddiqui, 38, denounced the trial and said an appeal would be "a waste of time. I appeal to God." more... (BR)

Ignore rumours, but be ready for the worst: Zardari
President Asif Zardari on Thursday asked PPP ranks to pay no heed to rumours of change, but at the same time “be prepared for a signal to meet any emergency”. The PPP co-chairman was speaking at the party’s Central Executive Committee (CEC) meeting at the Presidency. more... (D)











Sector Briefing

Amendment to Deputation Policy: OGDCL management seeking approval from BoD
Oil and Gas Development Company Limited (OGDCL) management has decided to seek an approval for amending the Deputation Policy from Board of Directors (BoD) scheduled to meet on September 27, 2010, which would, reportedly, guarantee a considerable financial package to officials deputed in the company. more... (BR)

Lotte Pakistan PTA Limited planning to build 40 megawatts power plant

Lotte Pakistan PTA Limited is planning to build a 40 mega watt (MW) power plant with an estimated cost of $40 million. Asif Saad, CEO of Lotte Pakistan while speaking at the investors conference on Lotte Pakistan PTA arranged by Arif Habib Limited at a local hotel on Thursday said that the power plant project is expected to be completed in 2012. more... (BR)

Developing Pakistan's coal reserves: PCCI to hold moot in US

Pakistan Chamber of Commerce and Industry (PCCI) USA would organise a forum in the United States to attract investment for developing coal reserves in the country. The forum on "Coal: Lucrative Business Opportunities in Pakistan" would be held in Houston, Texas on November 18-19 to create awareness among the international investors about the huge potential of coal and opportunities of investment in Pakistan, PCCI President, Abdul Quayyum Khan Kundi told businessmen here. more... (BR)


KSE Notices

Mari Gas Company Limited
The Board of Directors in the meeting held on Sep 23, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR1.18bn EPS of 4.58. 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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