Oct 13, 2010
KSE-100 Index
Previous Index 10,322.56
Current Index 10,292.33
Change % -0.29%
YTD (CY10) 9.64%
YTD (FY11) 5.86%

International Indicators
  Close %age
BSE-30 20,203.34 (0.67)
HANGSENG 23,121.70 (0.40)
NIKKEI 255 9,388.64 (2.10)
FTSE 5,661.59 (0.20)
DJIA 11,020.40 0.09
SSEC 2,840.28 1.46
NASDAQ 2,417.92 0.65

Oct 8, 2010 -0.22
Oct, 2010 -1.27
YTD (FY10) 84.24

Money Market Updates
6m T-bill 08-Oct-10 13.0719%
12m T-bil 08-Oct-10 13.2175%
3m KIBOR 13.01%
6m KIBOR 13.21%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 119.72
PKR/GBP 137.27
PKR/USD 86.3
PKR/OMR 221.54

Oil $82.1/barrel
Change in % 0.47
Gold $1357.2/ounce
Change in % 0.52

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 12, 2010
Funds Offer Redemption
POAIIF 51.1360/- 50.6246/-
Daily Return 7.87%
POAIF 53.12/- 51.79/-
Daily Return 42.34%
POASF 52.50/- 51.19/-
Daily Return 7.13%
POAF 10.11/-
Daily Return 12.25%
*Daily Returns are calculated as per MUFAP guidelines

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

Rs 12 billion decline in export financing
Financing under Export Finance Scheme (EFS) for export promotion witnessed a decline of Rs 12 billion in the first half of 2010, from its peak of Rs 198 billion in December 2009 to Rs 186 billion at the end of June, 2010. The rising mark-up rate of EFS may be a major reason of decline in financing as the following the directives of IMF to rationalise the mark-up rates under the EFS, SBP is gradually increasing the mark up rates. more... (BR)

Income tax returns non-filers' names to be removed from ATL: World Bank informed
The Federal Board of Revenue (FBR) has informed the World Bank (WB) that the names of non-filers of income tax returns for 2009 would be removed from the Active Taxpayer List (ATL), which would impose restrictions on business transactions being carried out by non-compliant taxpayers. more... (BR)

Pakistan among eight nations facing worse water shortage: ADB
Pakistan is among eight countries that are facing severe impact of water shortage, the Asian Development Bank (ADB) said on Tuesday. “China, India, Pakistan, Vietnam, Bangladesh, Nepal, Uzbekistan and Cambodia are currently feeling the heaviest impacts of the water shortage in terms of food and energy production, as well as ecological damage,” the ADB said. more... (N)









Zardari says US behind Taliban attacks in Pakistan
More ‘madness’ coming out of ‘Obama’s Wars.’ President Asif Ali Zardari seriously believes that the US was “arranging” the (suicide) attacks by Pakistani Taliban inside Pakistan, a claim he made before Zalmay Khalilzad, the former US envoy to Afghanistan, who thought it was ‘madness’. more... (N)

Land scam: Supreme Court asks ministry to register FIR against NICL chairman, BoD
The Supreme Court Tuesday directed commerce ministry to lodge an FIR with Federal Investigation Agency (FIA) against the Chairman of National Insurance Company Ltd (NICL) and its Board of Directors (BoD) for formal investigations into a major land scam. more... (BR)

NAB unaware where Swiss accounts money has gone
The detailed report filed by the National Accountability Bureau (NAB) in the Supreme Court (SC) on Tuesday and duly signed by NAB’s new Chairman Deedar Hussain Shah regarding the implementation of the SC verdict on the NRO had been returned by the apex court with objections that no affidavit by the NAB new chairman was attached with the report. more... (N)









Sector Briefing

1Q auto sales pick up 9.4pc
Auto sales showed an improvement as cumulative car, LCV & pickup sales surged 9.4 per cent to 33,687 units during 1QFY11, according to the latest data released by Pakistan Automotive Manufacturers Association (PAMA). On the other hand, sales of car, LCV and pickup jumped 18.2 per cent YoY to 11,669 units in the month of September 2010 against 9,874 units in the same month last year. Main reason of sale-surge in September was expectation of increase in car prices due to cover the rising costs — owing to increase in Yen prices, as per the TFD analyst. more... (TFD)

Textile sector posts nine-fold increase in earnings

The textile sector posted a robust nine-fold increase in its net earnings in the fiscal 2010 with sub-sectors spinning and weaving reported huge profits against losses they incurred during the previous year, a brokerage house reported on Tuesday.
The sector registered phenomenal earnings growth of nine-fold or 690 percent on yearly basis to reach Rs16.62 billion from Rs2.10 billion recorded during last fiscal year, said Rabia Tariq, an analyst at JS Research. more... (N)

New gas supply plan lays stress on power plants

The government is working on a plan to put in place a new gas supply mechanism envisaging diversion of maximum gas available in the system to the power sector without affecting the existing contracts. more... (D)


KSE Notices

Dadex Eternit Limited
The Board of Directors in the meeting held on Oct 12, 2010, has approved the financial statments of the company for the first quarter ended Sep 30, 2010.The company reported LAT:PKR11.4mn LPS 1.06. more... (KSE)

Bank Al Habib Limited
The Board of Directors in the meeting held on Oct 12, 2010, has approved the financial statments of the company for the nine months ended Sep 30, 2010.The company reported PAT:PKR2.27bn EPS 3.10. more... (KSE)

Atlas Asset Management
The Board of Directors in the meeting held on Oct 12, 2010, has approved the financial statments of the company for the year ended June 30, 2010.The company reported PAT:PKR65.22mn EPS 3.10 cash dividend 1.3 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.