Sep 27, 2010
KSE-100 Index
Previous Index 9,866.80
Current Index 9,909.45
Change % 0.43%
YTD (CY10) 5.28%
YTD (FY11) 1.93%

International Indicators
  Close %age
BSE-30 20,020.11 0.80
HANGSENG 22,119.43 0.33
NIKKEI 255 9,471.67 (1.00)
FTSE 5,598.48 0.90
DJIA 10,860.26 1.86
SSEC 2591.55 0.33
NASDAQ 2,381.22 2.33

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 114.84
PKR/GBP 134.95
PKR/OMR 222.58

Oil $76.54/barrel
Change in % 2.13
Gold $1295/ounce
Change in % 0.21

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 51.5366/-  51.0212/-
Daily Return 4.99%
POAIF 53.57/- 52.23/-
Daily Return 63%
POASF 51.96/- 50.66/-
Daily Return 50.50%
Daily Return  
*Daily Returns are calculated as per MUFAP guidelines

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

Profit repatriation down 3.4pc in 2M
Repatriation of profit by the foreign companies has dropped 3.4 per cent in first two month of the fiscal year 2011, according to the State Bank of Pakistan data on sector wise repatriation of profit. From July to August 2010, the repatriation of profit by foreign companies in Pakistan falls to $100.9 million as against $104.4 million witnessed in the corresponding period last year . more... (T)

Government taking steps to control prices: Gilani
Prime Minister Syed Yousuf Raza Gilani said on Sunday that the government was taking steps to control prices of essential commodities. The prime minister said this during a visit to Sunday Bazaar at Aabpara here. He inquired about the supply and prices of essential commodities. He said he has directed the authorities to strictly monitor the rates at shops. . more... (BR)

Companies to purchase power from small producers
With short-term power deficit estimated at 5,000 megawatts, the government has decided to allow distribution companies (Discos) of Wapda to enter into direct power purchase contracts with small independent power producers (SIPPs) of up to 50MW capacity under a crash programme. . more... (DAWN)




Zardari, Gilani meet Kayani?
President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani met with Chief of Army Staff Gen Ashfaq Parvez Kayani on Saturday night, a private news channel reported late Sunday night. Quoting an American newspaper, the channel claimed that the troika met amid concerns that the clash between the government and the judiciary could suck the military into the fray. . more... (BR)

MQM pleads US to amnesty Aafia
Muttahida Qaumi Movement (MQM) leader Dr Farooq Sattar has said that United States should release Dr Aafia Siddiqui and defunct her punishment. He declared the US court verdict as inhumane which has escalated anti-American sentiments among the Muslims across the world peculiarly in Pakistan. " more... (T)

Supreme Court cannot amend Constitution: Prime Minister
Prime Minister Syed Yousuf Raza Gilani on Sunday reiterated that no unconstitutional change would be acceptable, saying that baseless accusations are being levelled against the government. Talking to senior journalists here, the Prime Minister reiterated that cases against the President could not be re-opened, arguing that President enjoys immunity under Article 248 of the Constitution. . more... (BR)




Sector Briefing

Ogra likely to raise UFG benchmark
The Oil and Gas Regulatory Authority (Ogra) is expected to revise upward its policy on the benchmark for calculating unaccounted for gas (UFG), it is learnt. The two gas distribution companies (GDCs) have submitted a petition to Ogra to adjust UFG benchmark in accordance with ground realities in the country. . more... (BR)

OGDC filled 25 key posts at high salaries against rules

The Board of Directors (BoD) of Oil and Gas Development Company Limited (OGDC) approved irregular appointments from 2006 to 2010 on 25 key posts at attractive packages in violation of rules and regulations. Sources told Business Recorder that out of total 25 apointees, 12 have left OGDC whereas 13 officials are still working for the company. more... (BR)

SC may take aim at 2008 KSE crash

Some of the investors of the stock market have knocked on the doors of Supreme Court for the investigations of the 2008 stock crisis and to get their money back from the defaulted brokers.According to news report circulating in the media, investors wrote a letter to the Chief Justice of Pakistan Iftikhar Mohammad Chaudhry, mentioning that stock markets had been crashed through a preplanned manner in 2008 causing investors billion of rupees of loss. more... (T)


KSE Notices

Sitara Chemicals IndustriesLimited
The Board of Directors in the meeting held on Sep 24, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR462mn EPS of 22.67. more... (KSE)

Arif Habib Investments
The Management Company of Pakisatn Cash Management Fund has approved a bonus of PKR0.4200 per unit.. more... (KSE)

Arif Habib Investments
In the the Anual General Meeting held on Sep 25, 2010 the shareholders have approved the bonus issue and the increase in authorised share capirtal of the company.. 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.