Oct 07, 2010
KSE-100 Index
Previous Index 10,024.86
Current Index 10,029.36
Change % 0.04%
YTD (CY10) 6.84%
YTD (FY11) 3.16%

International Indicators
  Close %age
BSE-30 20,543.08 0.66
HANGSENG 22,880.40 1.10
NIKKEI 255 9,691.43 1.80
FTSE 5,681.39 0.80
DJIA 10,967.65 0.21
SSEC 2,655.66 1.72
NASDAQ 2,380.66 0.80

Oct 5 , 2010 -0.18
Oct, 2010 -2.67
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 13.06%
6m KIBOR 13.21%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 119.28
PKR/GBP 137.12
PKR/USD 86.15
PKR/OMR 221.54

Oil $83.44/barrel
Change in % 0.66
Gold $1353.5/ounce
Change in % 0.26

CPI Gen. - YoY (Aug-10) 13.2%
CPI Gen. - FY11 (Jul 10) 12.34%
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 Oct 6, 2010
Funds Offer Redemption
POAIIF 51.0677 50.5570
Daily Return 7.8%
POAIF 52.14/- 50.84/-
Daily Return 144.15%
POASF 51.41/- 50.12/-
Daily Return 153.58%
POAF 10.08/-
Daily Return 12.29%
*Daily Returns are calculated as per MUFAP guidelines

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

Water usage charge to be increased: more burden on power consumers
The government has decided to put more financial burden on electricity consumers by increasing Water Usage Charge (WUC) meant for power generation, which will be translated into further tariff hike. According to a recent decision taken at a meeting, the government decided to enhance WUC from Rs 0.15/kWh to Rs-0 425/kWh. more... (BR)

TCP sells 24k MT sugar in open mkt
Trading Corporation of Pakistan (TCP) has disposed off 24,800 metric tonne of imported sugar worth Rs1.520 billion in the open market through an auction at different prices ranging between Rs68,500 to Rs59,060 per metric ton on ex-godown basis. comes to seventeen billion rupees while the actual cost is less. Therefore, with deregulation of freight the overall prices of petroleum products would be equalised. more... (TFD)

Five per cent relief surcharge to be imposed on tax
The Federal Government is likely to impose five per cent flood surcharge on the people to help flood victims. Spokesperson Federal Board of Revenue Israr Rauf told a private a news channel on Wednesday that the surcharge will be imposed on people who were paying taxes on their income. more... (D)









'Nawaz did not want to resolve Kashmir issue'
Former president Pervez Musharraf on Wednesday rejected claims that the then prime ministers, Nawaz Sharif and Atal Bihari Vajpayee, were close to resolve Kashmir issue. In an interview with a TV channel, Musharraf said that no even the word Kashmir was part of in Nawaz-Vajpayee joint declaration and that he was present there when the prime ministers of Pakistan and India signed that document at Lahore. more... (BR)

Taliban claim latest tanker blaze
The Taliban said Wednesday its militants carried out an arson attack on Nato tankers in Pakistan as revenge for a scaled-up US drone strike campaign in the country's north-west. "We claim responsibility for attacking and torching Nato tankers in Quetta today," Tehreek-e-Taliban spokesman Azam Tariq told AFP, saying the attack on tankers stationed in the south-western city was carried out by local militants. more... (BR)

President Zardari criticises media’s role
President Asif Ali Zardari has hit out at the media for unnecessarily raising the issue of civil-military disconnect in flood management when the natural disaster had hit large parts of the country during the past few weeks. In fact, in his view, if there is a disconnect it is “between the media, the people and the pseudo-intellectuals”. more... (D)








Sector Briefing

RPPs producing 90 megawatts @ Rs 14 per unit: Supreme Court informed
The Supreme Court on Wednesday was informed that the Rental Power Projects (RPPs), the highly controversial projects launched by the government to bridge the electricity supply-demand shortage, were producing merely 90 megawatts of electricity at the rate of Rs 14 per unit after one and half years at a total investment of Rs 18 billion. more... (BR)

Subsidies on POL to end soon :Qamar

National Assembly was informed Wednesday that subsidies on petroleum products would be eliminated soon after the deregulation of POL prices. Minister for Petroleum and Natural Resources Syed Naveed Qamar told the House during Question Hour that with this indirect subsidy would be eliminated. more... (TFD)

Banking industry's asset base rises by 5.4pc to Rs6.8trn: SBP Report

Pakistan's banking industry witnessed a 5.4 percent growth in its asset base to Rs 6,782 billion during the April-June quarter of the 2009-2010 fiscal year (FY10) compared with a contraction of 1.4 percent in the Jan-March quarter of FY10. more... (BR)


KSE Notices

Pace Pakistan Limited
The Board of Directors in the meeting held on Oct 6, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR633.16mn EPS 2.37. more... (KSE)

Sitara Energy Limited
The Board of Directors in the meeting held on Oct 6, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported PAT:PKR107.19mn EPS 5.61 Cash Dividend PKR 2.00. 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.