Oct 27, 2010
KSE-100 Index
Previous Index 10,703.71
Current Index 10,658.15
Change % -0.43%
YTD (CY10) 13.54%
YTD (FY11) 9.63%

International Indicators
  Close %age
BSE-30 20,221.39 (0.40)
HANGSENG 23,601.00 (0.10)
NIKKEI 255 9,377.38 (0.30)
FTSE 5,707.30 (0.80)
DJIA 11,169.46 0.05
SSEC 3,033.97 0.66
NASDAQ 2,497.29 0.26

Oct 25, 2010 11.21
Oct, 2010 26.18
YTD (FY10) 84.24

Money Market Updates
6m T-bill 20-Oct-10 13.1193%
12m T-bil 20-Oct-10 13.2353%
3m KIBOR 12.99%
6m KIBOR 13.22%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 120.18
PKR/GBP 135.44
PKR/USD 86.1
PKR/OMR 221.73

Oil $82.18/barrel
Change in % -0.32
Gold $1336.1/ounce
Change in % -0.31

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 21, 2010) $17.10bn
Trade Balance Sep $(0.59)bn
Curr. A/C (Jul-Sep-10) $(545)bn
Remittances (July - Sep 10) $2646.30mn
Foreign Investment (Jul - Sep 10) $455.1mn
All Sch. Banks Deposit Base (Oct 15, 2010) Rs661.65bn

NAVs and Returns
as of Oct 26, 2010
Funds Offer Redemption
POAIIF 51.2900/- 50.7771/-
Daily Return 9.80%
POAIF 54.84/- 53.47/-
Daily Return -244.10%
POASF 54.61/- 53.24/-
Daily Return -292.44%
POAF 10.19/-
Daily Return 14.18%
*Daily Returns are calculated as per MUFAP guidelines

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

Pakistan moves up on world corruption chart
The country may not be performing well in several fields but it has moved up the corruption ladder, from the 42nd rung in 2009 to 34th this year. According to Transparency International's report for 2010, Pakistan is more corrupt today than it was last year. The report released here on Tuesday by TI Pakistan's chief Adil Gilani and in Berlin by its president Huguette Labelle said that on a list of 178 countries Pakistan fared worse than Bangladesh and India. more... (D)

Flood-hit areas: fresh loans sought for reconstruction
The government has asked the donors to extend fresh lending for reconstruction of flood-hit areas, adding that prioritising of funds for ongoing projects would not be acceptable. Donors raised question over the response of Pakistan to loan offer by Asian Development Bank (ADB) and World Bank in a meeting held on Tuesday with State Minister for Finance and Economic Affairs, Hina Rabbani Khar. more... (BR)

40 percent population living around poverty line: SBP
Poverty ratio in the country is rapidly rising due to economic slowdown, high inflation and reduction in subsidies, and as per State Bank of Pakistan estimates some 40 percent of population in the country lives around the poverty line. The country's population has jumped to 184 million in 2010 from 119 million in 1990 and, according to current statistics, approximately 73 million Pakistanis have fallen below poverty line, the State Bank of Pakistan annual report said. more... (BR)






Obama, aide call up President Zardari
Days after the conclusion of the third round of strategic dialogue in Washington during which the US pledged $2 billion in military aid , top US leaders on Tuesday made contacts with Pakistan's civilian leadership in an apparent attempt to keep a balance between the country's powerful military and the fragile civilian set-up. more... (ET)

Culprits will be caught, Gilani assures MQM
Prime Minister Yousaf Raza Gilani has assured the Muttahida Qaumi Movement (MQM) that culprits involved in the Shershah incident will be arrested soon. The assurance was given during a meeting held at the Governor House on Tuesday. Sources also said that some relatives of the Shershah incident victims were also present on the occasion. The MQM delegation briefed the PM on the targeted killings of their workers during the last two years, and stressed upon the need of taking stern action against the culprits involved in the Shershah tragedy. more... (ET)

‘Q' voted me to become PM: Gilani
Prime Minister Syed Yousuf Raza Gilani has said that PML-Q had supported him in becoming prime minister. “There is no harm in having meetings with PML-Q. It had cast vote in my favor during election for premiership. Therefore we are going ahead with the spirit of reconciliation. Law minister meeting with PML-Q leader is not number game”, prime minister said this while talking to media men after his visit to shrine of Abdullah Shah Ghazi here Tuesday. more... (TFD)








Sector Briefing

Govt to provide incentives to port and shipping sector: Gilani
Prime Minister Syed Yousuf Raza Gilani said Tuesday that the government would continue to support ports and shipping industry to attract long term investments. He was speaking at the inauguration of $ 150 million FAP grain and fertiliser terminal at Port Qasim. Sindh Governor Dr. Ishratul Ebad Khan, Chief Minister Syed Qaim Ali Shah, Federal Ports and Shipping Minister Babar Khan Ghauri were also present on the occasion. more... (BR)

Fifty-two per cent Railways land lying vacant

The Public Accounts Committee of the National Assembly on Monday directed the Ministry of Local Bodies to submit its report regarding the alleged embezzlement in issuance of development funds through parliamentarians and also directed the ministry to freeze funds for suspected schemes. more... (D)

Rental power projects: Supreme Court asks ministry to produce record

The Supreme Court Tuesday directed water and power ministry to furnish complete record of bidding, tariff determination and demand for enhanced power generation with the setting up of rental power plants (RPPs) by October 28. more... (BR)


KSE Notices

Oil & Gas Development Company Limited
The Board of Directors in the meeting held on Oct 26, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR16.71bn EPS 3.89 Cash dividend PKR 1.5. more... (KSE)

MCB Bank Limited
The Board of Directors in the meeting held on Oct 26, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR19.75bn EPS 5.99 Cash Dividend PKR 3.00. more... (KSE)

Dawood Capital Management Limited
The Board of Directors in the meeting held on Oct 26, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR4.13mn EPS 0.28. more... (KSE)

Habib Metropolitan Bank Limited.
The Board of Directors in the meeting held on Oct 26, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR666.84mn EPS 0.76. 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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