Oct 21, 2010
KSE-100 Index
Previous Index 10,464.89
Current Index 10,486.02
Change % 0.20%%
YTD (CY10) 11.71%
YTD (FY11) 7.86%

International Indicators
  Close %age
BSE-30 19,872.15 (0.56)
HANGSENG 23,556.50 0.90
NIKKEI 255 9,381.60 (1.70)
FTSE 5,728.93 0.40
DJIA 11,107.97 1.18
SSEC 2964.97 -2.42
NASDAQ 2,457.39 0.84

Oct 18, 2010 1.30
Oct, 2010 2.36
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 13.00%
6m KIBOR 13.22%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 118.45
PKR/GBP 135.21
PKR/OMR 221.92

Oil $82.07/barrel
Change in % 2.39
Gold $1342.8/ounce
Change in % 0.19

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 18, 2010) $16.969bn
Trade Balance Aug $(1.24)bn
Curr. A/C (Jul-Sep-10) $(545)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 20, 2010
Funds Offer Redemption
POAIIF 51.2248/- 50.7126/-
Daily Return 5.85%
POAIF 54.27/- 52.91/-
Daily Return 229.08%
POASF 54.02/- 52.67/-
Daily Return 209.09%
POAF 10.16/-
Daily Return 12.18%
*Daily Returns are calculated as per MUFAP guidelines

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

FBR asked to issue CGT rules immediately: extension in statements filing date urged
The Karachi Stock Exchange (KSE) has asked the Federal Board of Revenue (FBR) to immediately issue new Income Tax Rules on computation of capital gain tax (CGT) on shares trading, and extend date for filing of quarterly statement, from October 21 to November 21, 2010. more... (BR)

Industry suffers huge production losses
Industrial production in the five industrial estates of the city suffered around 70-75 percent production losses owing to thin attendance of workers who failed to report on duty due to fear of violence and non-availability of public transport. The country also lost billions of rupees in revenue, as workers and officials preferred to stay at home. more... (BR)

LSM declines 3.58pc in Aug
The recent flood has not only devastated infrastructure and agriculture, but also affected large scale manufacturing (LSM), as latest data revealed that LSM depicted a decline of 3.58 per cent in August after eleven month. However, industrial output showed a growth of 0.97 per cent during July-August period of the current fiscal year as compared to the same period of the last year, according to data from the Federal Bureau of Statistics (FBS). more... (TFD)







Prime Minister rules out possibility of calling out army
Prime Minister Syed Yousuf Raza Gilani Wednesday dismissed any possibility of calling army in Karachi to put an end to targeted killings that created terror in the economic hub of the country, saying that the situation would be managed through policy of reconciliation. more... (BR)

Gilani hopes for positive verdict on 18th Amendment
As the nation waited anxiously for the Supreme Court judgment on the 18th Amendment to be announced on Thursday, Prime Minister Yousuf Raza Gilani said on Wednesday he hoped that it would be ‘positive' verdict. His hope reflected the anxiety in the country over what the verdict would entail for the balance of constitutional powers among various organs of the state, mainly between parliament and the judiciary. more... (D)

Pakistan has a role in Afghanistan, says US
The United States assured Pakistan on Wednesday that it had an appropriate, legitimate and constructive role to play in resolving the situation in Afghanistan. At a briefing at the State Department, spokesman Philip Crowley also acknowledged that Pakistan had historical interests in Afghanistan. The State Department official confirmed that Islamabad's role in settling the Afghan dispute would also be discussed during the three-day US-Pakistan strategic dialogue that began in Washington on Wednesday. more... (D)










Sector Briefing

Ogra raises SNGPL's UFG to seven percent
The Oil and Gas Regulatory Authority (Ogra) has raised the benchmark of 'Unaccounted for Gas' (UFG) from the earlier upper and lower target of 5.50 percent and 4.50 percent to 7 percent. According to SNGPL's communiqué sent to KSE here on Wednesday, OGRA has also allowed the late payment surcharge (LPS) from consumers to be counted as non-operating income of the company. more... (BR)

PSO Board may approve elevation of 4 GMs to EDs today

Pakistan State Oil Board of Management scheduled to meet today (Thursday) is expected to approve elevation of four General Managers to posts of Executive Directors. Sources told Business Recorder that the BoD is also expected to approve appointment of one General Manger Marketing Services. more... (BR)

ADB ups trade finances in Pak

The Asian Development Bank (ADB) is expanding its Trade Finance Program (TFP) in Pakistan by an additional $500 million. According to a report of the Bank presented to the Friends of Pakistan session in Brussels, the Bank could provide around $1.5 billion to $2 billion per year of trade finance to help the country cope with the immediate needs arising from the recent devastating floods and longer term reconstruction requirements. more... (TFD)


KSE Notices

Pakistan Refinery Limited
The Board of Directors in the meeting held on Oct 20, 2010, has approved the financial statments of the company for the first quarter ended Sep 30, 2010. The company reported LAT:PKR21.01mn LPS 0.69. more... (KSE)

Salfi Textile Mills Limited
The Board of Directors in the meeting held on Oct 20, 2010, has approved the financial statments of the company for the first quarter ended Sep 30, 2010. The company reported PAT:PKR183.51mn EPS 54.90. more... (KSE)

Karachi Electric Supply Company Limited
The Board of Directors in the meeting held on Oct 20, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR1.78bn LPS 0.09. more... (KSE)





(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
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