Oct 11, 2010
KSE-100 Index
Previous Index 10,191.68
Current Index 10,260.48
Change % 0.67%
YTD (CY10) 9.30%
YTD (FY11) 5.54%

International Indicators
  Close %age
BSE-30 20,250.26 (0.32)
HANGSENG 22,944.20 0.30
NIKKEI 255 9,588.88 (1.00)
FTSE 5,657.61 (0.10)
DJIA 11,006.48 0.53
SSEC 2,655.66 5.64
NASDAQ 2,401.91 0.77

Oct 7, 2010 -0.15
Oct, 2010 -3.21
YTD (FY10) 84.24

Money Market Updates
6m T-bill 22-Sep-10 13.0719%
12m T-bil 22-Sep-10 13.2175%
3m KIBOR 13.02%
6m KIBOR 13.22%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 119.84
PKR/GBP 136.47
PKR/USD 85.85
PKR/OMR 221.25

Oil $83.41/barrel
Change in % 2.16
Gold $1353.9/ounce
Change in % 1.38

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 $ 1,1046
Population 170.45mn
US$ Reserves (Oct 07, 2010) $16.992bn
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 (Oct 1, 2010) Rs651.95bn

NAVs and Returns
as of Oct 8, 2010
Funds Offer Redemption
POAIIF 51.0933/- 50.5824/-
Daily Return 8.73%
POAIF 53.13/- 51.80/-
Daily Return 155.68%
POASF 52.50/- 50.19/-
Daily Return 200.75%
POAF 10.10/-
Daily Return 75.18%
*Daily Returns are calculated as per MUFAP guidelines

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

Small & Medium Enterprises: Holland offers 60 percent of funding for projects
Netherlands has offered up to 60 percent of funding to Pakistani projects (SMEs) having a maximum cost of 1.5 million Euros (Rs176.61 million). The offer was renewed by Ahmad Dodou, Head of Economic Affairs of Embassy of Netherlands and Paul Schoenmakers, while talking to the members and Senior Vice President of MCCI, Atta Shafi Tanvir Sheikh. more... (BR)

'Security of businesses, trade essential for development'
Protection of businesses and an enabling law and order environment is essential to help flourish trade and development. Abdullah Malik, President of Pakistan Computer Association (PCA), Islamabad Chapter said this while hosting a reception in the honour of Station House Officer (SHO) of Kohsar Police Station, Inspector Munawer Ali Maher, here on Sunday. more... (BR)

Tariff increases by Rs 25: Mepco to change categories, batches of industrial units
Multan Electric Power Company (Mepco) has decided to change the category and batch of industrial connections running on more than 10KW of power. According to the sources, in order to enhance revenue income, B-1 tariff is being changed from A Category to B Category, due to which the batch would convert from 21 to 28. more... (BR)









Flawed briefing to Prime Minister's advisor: wrong assigning of duty by Ogra chief
Flawed briefing was provided to the Advisor to Prime Minister on Political Affairs, Ghazanfar Ali Gul, due to the Oil and Gas Regulatory Authority (Ogra) Chairman's decision to allow officials representing Member, Finance, instead of Member, Gas, to update him on liquefied petroleum gas (LPG) pricing issue, sources exclusively told Business Recorder. more... (BR)

Pakistan hails Kabul-Taliban parleys: Kaira
Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said Pakistan welcomes peace talks between Afghan government and Taliban. Talking to newsmen after inauguration of Gas at Khokar Gharbi here on Sunday, he said that Pakistan welcome Afghan government policy for peace talks with Taliban and denied of becoming part of that negotiations. more... (TFD)

Nato supplies through Torkham resume after 11day hiatus
Supplies through Torkham to US and allied forces in Afghanistan resumed on Sunday after eleven days of suspension. About 120 containers and 25 oil tankers queued up at the border in the morning, following an announcement made by the government that the border crossing would be reopened for vehicles carrying Nato supplies. more... (D)









Sector Briefing

PSO urges government to fix refineries' fuel supply quota
The Pakistan State Oil (PSO) has urged the government to fix fuel supply quota for oil refineries, based on average three-year market share, within the proposed de-regulated price mechanism to ensure product availability to all oil marketing companies (OMCs)," Business Recorder has learnt. more... (BR)

Railways owes Rs 40 billion to SBP

Minister for Railways Ghulam Ahmed Bilour has said that Pakistan Railways is facing serious financial crisis and has borrowed Rs 40 billion from State Bank of Pakistan. Talking to journalists here on Sunday after inaugurating the Safari train from Rawalpindi to Texila, the minister said that on a massive debt of Rs 40 billion, Pakistan railway has to pay Rs 4 billion per annum on account of interest to the SBP. more... (BR)

BT cotton can save Rs90bn/yr: PCGA

Country can save up to Rs90 billion per year, if cultivation of BT cotton is formally sanctioned, this was said by executive member of Pakistan Cotton Ginners Association (PCGA) Ehsan-ul Haq while talking to a private TV channel. He said that Pakistan would not have to import cotton if BT cotton is formally permitted. more... (TFD)


KSE Notices

ICC Textiles Limited
The Board of Directors in the meeting held on Oct 8, 2010, has approved the financial statments of the company for the year ended 30 June, 2010.The company reported LAT:PKR145.13mn LPS 14.51. 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.