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Sep 28, 2010
 
Statistics
KSE-100 Index
Previous Index 9,946.42
Current Index 9,936.73
Change % -0.46%
YTD (CY10) 5.57%
YTD (FY11) 2.21%

International Indicators
  Close %age
BSE-30 20,117.38 0.40
HANGSENG 22,340.80 1.00
NIKKEI 255 9,603.14 1.40
FTSE 5,573.42 (0.50)
DJIA 10,812.04. (0.44)
SSEC 2,620.75 (0.27)
NASDAQ 2,369.77 (0.48)

SCRA
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 12.97%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 115.82
PKR/GBP 136.08
PKR/USD 86.05
PKR/OMR 222.87

Commodities
Oil $76.220/barrel
Change in % -0.39
Gold $1293.6/ounce
Change in % -0.39

Inflation
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 27, 2010
Funds Offer Redemption
POAIIF 51.5686/-  51.0529/-
Daily Return 7.85%
POAIF 53.54/- 52.20/-
Daily Return -6.99%
POASF 51.96/- 50.66/-
Daily Return 0.00%
POAF B/C /-
Daily Return  
*Daily Returns are calculated as per MUFAP guidelines

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

RGST implementation mode, rate to be finalised today
Federal government and provinces have reached an agreement over implementation of Reformed GST as committed with the International Monetary Fund from October, 1, however, the rate of tax and mode of implementation would be finalised today (Tuesday). Federal government has convened provincial finance ministers meeting here on Monday to develop consensus on implementation of reformed GST from October,1 2010. . more... (BR)

At pains to up tax to GDP ratio: Shaikh
Federal Minister for Finance and Economic Affairs Division, Dr Abdul Hafeez Shaikh said that government is striving hard to improve the tax-to-GDP ratio and urged the Chief Commissioners Revenue to work hard in this regard. . more... (T)

 

 

 

 

 

Politics

President, Prime Minister, CoAS vow to protect democratic process
A meeting was held in the Presidency on Monday presided over by President Asif Ali Zardari, and attended by the Prime Minister Syed Yousuf Raza Gilani and the Army Chief General Ashfaq Pervez Kayani. Spokesperson to the President Farhatullah Babar said that the meeting that lasted for over 90 minutes reviewed the current situation in the country .more... (BR)

President's immunity a matter of SC: Sharif
The head of PML-N Mian Nawaz Sharif has said that implementation of NRO was the prerogative of the Supreme Court, while granting immunity to any President was also within the jurisdiction of the Supreme Court. .more... (T)

NRO verdict must be implemented: CJ
All the talk of doom and gloom notwithstanding, the Supreme Court accepted on Monday a government request to put off the hearing of a case relating to implementation of its judgment on the NRO and fixed the government's review petition on the verdict for October 13... more... (DAWN)

 

 

 

 

 

 

Sector Briefing

10mn T steel to be forged by 2015
The steel production, under the new policy evolved in consultation with all stakeholders, has been set at 10 million tons by the year 2015 and 15 million tons by the year 2020. According to figure available at magazine of Engineering Development Board, the country has a capacity of four million tons steel production per annum as compared to total demand of over six million tons. . more... (T)

OMC's told to have buffer stock

Federal Minister of Petroleum and Natural Resources, Syed Naveed Qamar Monday chaired a meeting with all Oil Marketing Companies to devise a strategy to avert recurrence of petrol shortage in the country in future and to examine the causes that led to petrol shortage in some parts of the country.more... (T)

KSE chairman casts objections on proposed MTS

Karachi Stock Exchange (KSE) Chairman said the objections raised over Margin Trading System have not been removed, media reported. Talking to the media, KSE Chairman Zubair Soomro said the objections which he raised over Margin Trading System are still there hitherto unaddressed by the government. . more... (T)

 

KSE Notices
 
 

Dost SteelsLimited
Meeting of the Board of Directors will be held on Oct 1, 2010, to consider and approve the annual financial statments of the company for the year ended 30 June, 2010. more... (KSE)

Fecto Cement Limited
The Board of Directors in there meeting held on Sep 27, 2010, announced the financial results. The company reported a LAT of PKR208mn and LPS of PKR4.15. 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.