Oct 29, 2010
KSE-100 Index
Previous Index 10,704.16
Current Index 10,634.99
Change % -0.64%
YTD (CY10) 13.29%
YTD (FY11) 9.39%

International Indicators
  Close %age
BSE-30 19,941.04 (0.32 )
HANGSENG 23,210.86 0.20
NIKKEI 255 9,366.03 (0.20)
FTSE 5,677.89 0.60
DJIA 11,113.95 (0.11)
SSEC 2967.22 (0.42)
NASDAQ 2,507.37 0.11

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 13.23%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 118.91
PKR/GBP 135.94
PKR/OMR 221.73

Oil $82.18/barrel
Change in % -0.52
Gold $1341.2/ounce
Change in % 0.89

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 28, 2010
Funds Offer Redemption
POAIIF 51.3108/- 50.7977/-
Daily Return 7.68%
POAIF 54.71/- 53.34/-
Daily Return -13.68%
POASF 54.83/- 53.46/-
Daily Return 95.84%
POAF 10.19/-
Daily Return 12.14%
*Daily Returns are calculated as per MUFAP guidelines

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

Non-compliance in 2010-11: distributors to pay 100 percent additional tax as penalty
Leading sectors including textile industry and pharmaceutical distributors liable to pay one percent turnover tax on quarterly basis would be subjected to 100 percent additional tax as penalty on non-compliance in 2010-11. A senior government official told Business Recorder here on Thursday that the turnover tax has been imposed in budget (2010-11). more... (BR)

Gas crisis: textile industry gives 48-hour ultimatum
Value-added Textile Sector has given a 48 hours ultimatum to resolve the gas-crisis and warned complete closure of the industry rendering millions of wage earners jobless. This was announced by Muhammad Saeed Sheikh, Regional Chairman, All-Pakistan Textile Processing Mills Association (APTPMA) while addressing a news conference here on Thursday. more... (BR)

Traders, businessmen threaten strike
Traders and businessmen on Thursday threatened to go on an indefinite strike if the government did not take immediate measures to ensure their safety from extortionists and compensate Shershah attack victims. During a meeting at the Karachi Chamber of Commerce and Industry (KCCI), they discussed growing incidents of extortion and target killings of businessmen in Karachi. more... (ET)










Nawaz Sharif proposes national charter
Former prime minister Nawaz Sharif on Thursday proposed a special charter “outlining the country's development” path for 25 years and “addressing the problems of the masses” with broad consensus. Such a charter, which Nawaz recommends be called Meesaq-e-Pakistan, is “the only solution to all the evils ailing the country”. more... (ET)

Malik, Altaf agree to go hand in hand
Minister assures to act against Shershah incident culprits. Interior Minister Rehman Malik has assured the MQM chief Altaf Hussain that exemplary punishment would be awarded to criminals involved in Shershah incident and affectees would be compensated. Interior Minister Rehman Malik held a detailed telephonic conversation with MQM chief Altaf Hussain on the Shershah incident. more... (TFD)

‘Delhi not serious about dialogue resumption'
Pakistan accused India on Thursday of not being serious about the resumption of the peace process between the two neighbours and sought US intervention to help resolve issues in the subcontinent ahead of President Barack Obama's crucial trip to New Delhi. more... (ET)








Sector Briefing

CNG stations reject gas curtailment plan, observe strike
The government''s two-day gas curtailment plan has been rejected by CNG stations. All the CNG stations of Potohar Region observed a successful strike on the call of APCNGA, from Attock, Wah to Rawalpindi, Islamabad, Gujjar Khan and Jhelum. All the CNG stations remained closed against the government schedule. However, some government operated CNG stations remained open. more... (BR)

Industry threatens to stop paying utility bills
The industrial sector has threatened to stop payment of utility bills to SSGC and KESC in case they went ahead of their plans to carry out loadshedding in industrial areas. Korangi Association of Trade and Industry (Kati) chairman Syed Johar Ali Qandhari along with representatives of other town associations at a press briefing warned the government that the industrialists would be forced to stop payment of bills to KESC and SSGC if the loadshedding was extended to industrial areas as per the schedule announced by the KESC. more... (D)

Pakistan becomes pioneer in world to produce certified 'Better Cotton'

Pakistan has successfully become the pioneer country in the world to produce certified 'Better Cotton', and this has been accomplished under the 'Better Cotton Initiative' (BCI) of World Wide Fund for Nature-Pakistan (WWFP). According to a WWF-P's spokesman here on Thursday, the project was initiated with the funding from Better Cotton Fast Track Fund (BCFTF), which includes partners Ikea and Levi Strauss and Company. more... (BR)


KSE Notices

Faysal Bank Limited
The Board of Directors in the meeting held on Oct 28, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR73.79mn EPS 0.12more... (KSE)

Attock Petroleum Limited
The Board of Directors in the meeting held on Oct 28, 2010, has approved the financial statments of the company for the third quarter ended Sep 30, 2010. The company reported PAT:PKR875.11mn EPS 15.19. more... (KSE)

Pakistan Oilfeilds Limited
The Board of Directors in the meeting held on Oct 28, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR2.23bnn EPS 9.44. more... (KSE)

Bank Alfalah Limited.
The Board of Directors in the meeting held on Oct 28, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR422.88mn EPS 0.31. 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.