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Oct 18, 2010
 
Statistics
KSE-100 Index
Previous Index 10,409.02
Current Index 10,431.84
Change % 0.22%
YTD (CY10) 11.13%
YTD (FY11) 7.30%

International Indicators
  Close %age
BSE-30 20,125.05 (1.82)
HANGSENG 23,747.40 (0.40)
NIKKEI 255 9,500.25 (0.90)
FTSE 5,703.37 (0.40)
DJIA 11,062.78 (0.29)
SSEC 2,984.87 1.96
NASDAQ 2,468.77 1.37

SCRA
Oct 14, 2010 -0.25
Oct, 2010 -0.87
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 12.99%
6m KIBOR 13.20%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 120.8
PKR/GBP 137.68
PKR/USD 86.05
PKR/OMR 221.73

Commodities
Oil $80.83/barrel
Change in % -2.35
Gold $1360.3/ounce
Change in % -1.5

Inflation
CPI Gen. - YoY (Sep-10) 15.7%
CPI Gen. - FY11 (Jul- Sep 10) 13.80%
NFNE Core INFL - YoY (Sep 10) 9.4%
NFNE Core INFL - FY11 (Jul- Sep 10) 9.8%

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 (July - Sep 10) $2646.30mn
Foreign Investment (Jul - Sep 10) $267.1mn
All Sch. Banks Deposit Base (Oct 1, 2010) Rs651.95bn

NAVs and Returns
as of Oct 15, 2010
Funds Offer Redemption
POAIIF 51.1709/- 50.6592/-
Daily Return 10.22%
POAIF 54.08/- 52.73/-
Daily Return 131.99%
POASF 53.81/- 52.46/-
Daily Return 188.83%
POAF 10.09/-
Daily Return 16.83%
*Daily Returns are calculated as per MUFAP guidelines

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

Reformed General Sales Tax: exemptions include newspapers, wheat, pulses and vegetables
The exemptions, to be retained under the 'reformed general sales tax' (RGST), include newspapers, wheat, pulses, vegetables, peas, salt and water, excluding those sold under brand names or trademarks. more... (BR)

Cabinet Division trying to save PPC from sell-off list
The Cabinet Division is making all-out efforts to de-list Pakistan Printing Corporation (PPC) from the privatisation list and is considering laying off 320 employees with VSS, official sources told Business Recorder. more... (BR)

''Energy crisis, terrorism, RGST, major threats to economy''
Punjab regional chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Adrees, has termed the energy crisis, terrorism, imposition of reformed GST and double-digit mark up as major threats to the country''s economy. He was speaking at a reception for the newly elected presidents of Punjab chambers of commerce and industry and chairmen of trade associations. more... (BR)

 

 

 

 

 

 

 

 

Politics

‘Q’ leaders meet Shahbaz
Senators SM Zafar and Tariq Azeem met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday. Members National Assembly Chaudhry Nisar, Khawaja Muhammad Asif and Senator Ishaq Dar were also present on the occasion. Serious political and economic problems being faced by the country and the role of political parties in improving the present situation was discussed in the meeting. According to the sources, the meeting also reviewed the Pakistan Muslim League unification prospects with the PML-Q leaders. more... (TFD)

Sharif blames President for current quandary
PML-N leader Mian Nawaz Sharif has said that the President is responsible for the sorry-state of affairs of the country. Addressing PML-N party workers here on Sunday, Mian Nawaz Sharif said that the government backed out from all its promises and held the President responsible for breaking all pledges and promises. He further said if the deteriorating situation of the country is left unaddressed then everyone would be responsible for it. more... (TFD)


MQM wins PS-94 by-poll
According to unofficial results, Muttahida Qaumi Movement’s (MQM) candidate for the vacant seat of PS-94 Saifuddin Khalid has emerged victorious, grabbing 91752 votes from the constituency, private television channels reported Sunday.
The said seat had fallen vacant after the murder of Raza Haider of MQM, while ANP boycotted the polls. The report said that some 1,022 Rangers and 2,015 police personnel had been deployed in the constituency, where 12 polling stations were declared highly sensitive. more... (TFD)

 

 

 

 

 

 

 

 

 

Sector Briefing

Kohala hydro project: panel to examine execution on government-to-government basis
The Ministry of Water and Power has failed to get Economic Co-ordination Committee (ECC) of the Cabinet''s concurrence for the 1100 mw Kohala hydropower project, already awarded to a foreign firm in an allegedly non-transparent manner. more... (BR)


LNG import project: MoP may float fresh tender

The Ministry of Petroleum has decided to float a fresh tender for import of liquefied natural gas (LNG), under a multi-billion dollars Pakistan Mashal LNG Project (PMLP) if ''4 Gas'' company fails to prove its financial health, Business Recorder has learnt. more... (BR)

Faysal Bank takes over controlling interest of RBS Pakistan

Faysal Bank Limited has announced take over of the controlling interest in the Pakistan operations of Royal Bank of Scotland Limited (RBS Pakistan), from the RBS Group for Euro 41 million, thereby achieving a significant milestone in its growth strategy. more... (BR)

 

KSE Notices
 
 

First Punjab Modaraba
The Board of Directors in the meeting held on Oct 15, 2010, has approved the financial statments of the company for the year ended June 30, 2010.The company reported PAT:PKR7.03mn EPS 0.21. 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.