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Sep 30, 2010
 
Statistics
KSE-100 Index
Previous Index 9981.07
Current Index 10,022.25
Change % 0.41%
YTD (CY10) 6.76%
YTD (FY11) 3.08%

International Indicators
  Close %age
BSE-30 19,956.34 (0.74)
HANGSENG 22,378.67 1.22
NIKKEI 255 9,559.38 0.70
FTSE 5,569.27 (0.20)
DJIA 10,835.28 (0.21)
SSEC 2,624.33 0.50
NASDAQ 2,376.56 (0.13)

SCRA
Sep 27, 2010 0.34
Sep, 2010 -42.47
YTD (FY10) 84.24

Money Market Updates
6m T-bill 22-Sep-10 12.8464%
12m T-bil 22-Sep-10 12.7873%
3m KIBOR 12.82%
6m KIBOR 12.96%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 117.13
PKR/GBP 136.39
PKR/USD 86.2
PKR/OMR 222.87

Commodities
Oil $77.66/barrel
Change in % 1.46
Gold $1309.3/ounce
Change in % -0.29

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 27, 2010) $16.632bn
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 29, 2010
Funds Offer Redemption
POAIIF 51.5898/-  51.0739/-
Daily Return 7.95%
POAIF 53.67/- 52.33/-
Daily Return -62.67%
POASF 52.18/- 50.88/-
Daily Return -14.34%
POAF 10.19 /-
Daily Return 12.14
*Daily Returns are calculated as per MUFAP guidelines

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

State Bank raises Policy Rate by 50 basis points to 13.5pc
The State Bank of Pakistan (SBP) has decided to raise its Policy Rate by 50 basis points to 13.5 percent with effect from September 30, 2010. This decision was taken at a meeting of the Central Board of Directors of the State Bank of Pakistan held under the Chairmanship of SBP Governor, Mr. Shahid H. Kardar in Karachi today. more... (N)

Power tariff raise, RGST induction to add to inflation, uncertainty
The State Bank of Pakistan has warned that increases in electricity prices, induction of the reformed GST (RGST) and continued reliance of the government on borrowings from the SBP would only add to the uncertainty surrounding inflation expectations, and inflation for FY11 would be 14.5 percent. more... (BR)

PPL to drill more wells without partners: CEO
Pakistan Petroleum Limited (PPL) has shifted focus by drilling its own wells instead of relying on joint venture partners to shore up the company’s depleting oil and gas reserves, a top official of the company said on Wednesday. The company would start reaping gains from the new strategy in the next seven to eight years and until then, cash dividends will be cut to supplement exploration expenditure, said Khalid Rahman, Chief Executive Officer, PPL. more... (N)

 

 

 

 

 

Politics

Baloch community worst hit by ‘target killings’: Raisani
Balochistan Chief Minister Nawab Aslam Raisani has said that the Bolch community is worst hit by the ongoing target killings in the province. During his meeting with the Consul General of Japan Masaharusatu on Thursday who called on him here, the CM said in order to put Balochistan province on path toward real progress, the youngsters will have to be equipped with education. more... (N)

Khursheed Shah’s statement against SC withdrawn
A Press Information Department has withdrawn its statement issued earlier on Wednesday in which Federal Minister For Labour and Manpower Khursheed Shah said “SC should follow the constitution and not over ride it”. The fresh statement issued by PID says the earlier statement is “Not to be published and may be treated as withdrawn”. more... (N)

443 MPs running away from degree verification
The number of fake degree holders in parliament is feared to grow much higher than what was expected earlier as the Higher Education Commission (HEC), which has already found degrees of 57 MPs as fake or invalid, has expressed doubts about 443 MPs who have not submitted their educational certificates despite repeated reminders. more... (N)

 

 

 

 

Sector Briefing

Pepco charging 25 percent higher tariff from agriculture consumers
The Pakistan Electric Power Company (Pepco) is reportedly charging 25 percent higher tariff from agriculture consumers for the last several months, on verbal instructions from Finance Ministry, official sources told Business Recorder. more... (BR)

Pressure from LPG lobbies: OGDC cancels Jakhro hydrocarbon resources tender

The Oil and Gas Development Company Limited (OGDC) has scrapped the tender for sale of hydrocarbon resources at wellhead Jakhro condensate gas field, reportedly under pressure from certain LPG lobbies, and bids opening scheduled for Friday has been cancelled. more... (BR)

PPL gas output increases due to new discoveries

The gas production of Pakistan Petroleum Limited (PPL) has increased due to new discoveries and commissioning of processing facilities during FY10. Speaking at the Annual General Meeting (AGM) held here on Wednesday. more... (BR)

 

KSE Notices
 
 

Attock Refinery Limited
The Board of Directors in the meeting held on Sep 29, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR1.46bn EPS of 1.48 Cash dividend PKR 20. more... (KSE)

Attock Petroleum Limited
The Board of Directors in the meeting held on Sep 29, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR3.59bn EPS of 62.4 Cash dividend PKR 20 Bonus Shares 5. more... (KSE)

National Refinery Limited
The Board of Directors in the meeting held on Sep 29, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR3.28bn EPS of 41.08 Cash dividend PKR 20. 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.