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Nov 03, 2010
 
Statistics
KSE-100 Index
Previous Index 10,538.27
Current Index 10,681.87
Change % -0.57%
YTD (CY10) 13.79%
YTD (FY11) 9.87%

International Indicators
  Close %age
BSE-30 20,355.63 1.61
HANGSENG 23,652.94 2.41
NIKKEI 255 9,154.72 (0.50)
FTSE 5,694.62 0.30
DJIA 11,124.62 0.06
SSEC 3041.14 2.49
NASDAQ 2,504.84 (0.10)

SCRA
Oct 29, 2010 0.54
Oct, 2010 55.49
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 13.24%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 119.61
PKR/GBP 138.00
PKR/USD 85.95
PKR/OMR 221.06

Commodities
Oil $84.26/barrel
Change in % 1.09
Gold $1355.5/ounce
Change in % 0.00

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 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 Nov 2, 2010
Funds Offer Redemption
POAIIF 51.3707/- 50.8570/-
Daily Return 6.14%
POAIF 55.09/- 53.71/-
Daily Return 461.07%
POASF 54.68/- 53.31/-
Daily Return 373.51%
POAF 10.32/-
Daily Return -10.70%
*Daily Returns are calculated as per MUFAP guidelines

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

Flood-hit areas: SBP launches Rs 10 billion plan
Announcing special relief package for borrowers of flood affected areas, the State Bank of Pakistan on Tuesday launched Rs 10 billion concessional financing scheme for SMEs and agricultural sector, and allowed banks/DFIs rescheduling of loans in the flood affected areas. more... (BR)

OGDC violates procurement rules
The Oil and Gas Development Company (OGDC) has violated Public Procurement Regulatory Rules (PPRRs) to award a multimillion rupees contract to Industrial Equipment Services (I E Services), for supply of 78 different items for process and plant department, says an internal report of the company. more... (BR)

IMF negotiations to conclude today
Final policy negotiations between the International Monetary Fund (IMF) and Pakistan will start on Wednesday. Pakistan's delegation will be led by Minister for Finance Dr Abdul Hafeez Shaikh while the IMF delegation will be led by Adnan Mazarei. more... (ET)

LPG price hits record Rs 95,000 per ton
The price of imported liquefied petroleum gas (LPG) has surged by Rs 12,000 to hit record high at Rs 95,000 per tons as Saudi Aramco contract price (CP) climbed by $ 93 to touch $788 in the international market. more... (D)

 

 

 

 

 

Politics

Opposition comes under scathing attack: Army will never impose martial law, says Prime Minister
Prime Min-ister Syed Yousuf Raza Gilani in a scathing attack on the opposition said that neither he would dissolve the National Assembly would be dissolved for mid-term elections nor the military would impose martial law in the country. "Those who want the dissolution of the National Assembly for mid-term elections or are in favour of imposition of martial law in the country are suffering from a misconception. . more... (BR)


MQM walks out of NA session
The Muttahida Qaumi Movement (MQM) on Tuesday walked out of the National Assembly to protest against the recent hike in petroleum prices. The MQM members staged the walkout to register their protest and said that the price hike is an unjustifiable injustice to people, while adding that this measure will cause problems for the government. more... (ET)

Nisar reminds Prime Minister of ‘third course'
Chaudhry Nisar Ali Khan, the Leader of Opposition in the National Assembly, cited on Tuesday a third course for changing the government after Prime Minister Yousuf Raza Gilani had ruled out the possibility of mid-term elections and imposition of martial law. “The prime minister in his speech has talked about two (possible) ways of the government's ouster and did not mention the third option of an in-house change that is available in the Constitution,” he said while talking to reporters. more... (D)

 

 

 

 

 

 

 

Sector Briefing

PSO threatens to stop oil imports
With its receivables touching a record Rs160 billion, the Pakistan State Oil (PSO) on Tuesday informed the government that it had decided to defer oil imports for a week and to cancel import orders ‘in the pipeline' within a week unless it was paid a minimum of Rs40 billion upfront. more... (D)

$120 per ton petroleum levy on locally produced LPG proposed
Member, Gas, Oil and Gas Regulatory Authority (Ogra), has proposed imposition of $120 per ton Petroleum Levy (PL) on locally produced LPG to ensure level playing field for all market players. The imposition of PL on locally produced LPG would result in generating revenue amounting to Rs 4 billion per year for the government. more... (BR)

Fuel supply to Kapco halted by PSO

The Pakistan State Oil (PSO) which is near to default, halted fuel supply to Kapco on Tuesday due to lukewarm response regarding payment of dues, Business Recorder has learnt. It is expected to cut fuel supply to Hubco on Wednesday. more... (BR)

 

KSE Notices
 
 

Johnson & Phillips Limited
The Board of Directors in the meeting held on Oct 30, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported PAT:PKR0.45mn EPS 0.08 more... (KSE)

S.G Fiber Limited
The Board of Directors in the meeting held on Oct 31, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR461.83mn LPS 0.66 more... (KSE)

Wateen Telecom Limited
The Board of Directors in the meeting held on Oct 21, 2010, has approved the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR317.27mn LPS 0.51 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.