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Nov 04, 2010
 
Statistics
KSE-100 Index
Previous Index 10,681.87
Current Index 10,617.65
Change % -0.60%
YTD (CY10) 13.11%
YTD (FY11) 9.21%

International Indicators
  Close %age
BSE-30 20,759.50 1.41
HANGSENG 24,429.41 1.18
NIKKEI 255 9,346.23 2.03
FTSE 5,748.97 -0.15
DJIA 11,215.10 0.24
SSEC 3,229.21. 0.13
NASDAQ 2,540.27 0.27

SCRA
Nov 02, 2010 1.20
Nov, 2010 (3.46)
YTD (FY10) 101.25

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 119.95
PKR/GBP 137.15
PKR/USD 85.55
PKR/OMR 221.06

Commodities
Oil $85.35/barrel
Change in % 0.78
Gold $1355.0/ounce
Change in % 1.30

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 51.3785/- 50.8647/-
Daily Return 5.68%
POAIF 54.78/- 53.14/-
Daily Return -203.87%
POASF 54.42/- 53.06/-
Daily Return -171.17%
POAF 10.32/-
Daily Return 10.02%
*Daily Returns are calculated as per MUFAP guidelines

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

SBP raises Rs150bn through T-bills
The benchmark 6-month treasury bills rate was slightly increased on Wednesday while the State Bank raised Rs150 billion through the auction. The SBP sold 6-month t-bills worth Rs65 billion at the cut-off yield 13.16 per cent which was higher than the previous rate of 13.11 per cent. more... (D)

SECP cuts fee for companies registration
The Securities and Exchange Commission of Pakistan (SECP) has reduced the fee structure payable to the registrar and the commission under the Sixth Schedule of the Companies Ordinance, 1984 vide its SRO 996(I)/2010. The SECP said that through this notification, it has reduced the registration fee for physical submission of documents for incorporating a company with nominal capital up to Rs10 million. more... (D)

IMF tranche in jeopardy?
The United States administration has withdrawn its support for Pakistan to get waiver from the International Monetary Fund (IMF) to seek release of next tranche of $3.4 billion under Stand-By Arrangement (SBA) and conveyed to the Gilani-led government that from now onwards it has to directly deal with the Fund for future alignment. . more... (BR)

Fed takes bold, risky step to bolster economy
The Fed-eral Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling US economy. The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. more... (BR)

 

 

Politics

MQM on the warpath, govt stays cool
A mercurial Muttahida Qaumi Movement (MQM) was on the warpath in parliament on Wednesday but the government seemed little worried by a key ally's boycott of the National Assembly over increased petroleum prices.more... (D)

General Petraeus meets Kayani
Commander International Security Assistance Force (ISAF) General David H Petraeus on Wednesday called on Chief of Army Staff, General Ashfaq Parvez Kayani at General Headquarters. The visiting dignitary remained with him for some time and discussed the matters of professional interest. more... (BR)

Chairman NAB vows to eradicate corruption
Chairman National Accountability Bureau (NAB) Former Justice Syed Deedar Hussain Shah has stressed the need to increase the efforts for eradication of corruption from various institutions of the country. Presiding over the second Executive Board Meeting (EBM) on Wednesday, he committed to eradicate the menace of corruption from the various institutions. more... (BR)

 

 

 

 

 

 

 

Sector Briefing

Relaxing used car import on ECC agenda
The issues of rising car prices and relaxation in rules of used car imports will be on the agenda of the Economic Coordination Committee meeting being held on Thursday. These issues had been deferred in the last four meetings of the ECC but now the government feels agitated over the lukewarm response from the car makers in taking measures to cut prices. more... (D)

LPG price raised by Rs 9.60 per kilo
The price of liquefied petroleum gas (LPG) has been raised by Rs 9.60 to Rs 95 per kilo, said All Pakistan LPG Distributors Association (APLPGDA). According to the chairman of APLPGDA in a statement issued here on Wednesday, the LPG producers including PARCO have increased the LPG price by Rs 9,594 per tons, which surged its retail rate by Rs.9.6 to Rs 95 per kilo in the city. . more... (BR)

KESC denied additional furnace oil: full fuel price demanded

The cash-starved Pakistan State Oil (PSO) has refused to provide additional furnace oil to Karachi Electric Supply Company (KESC) without full fuel price in line with the decision taken by the Minister Petroleum and Natural Resources Syed Naveed Qamar in consultation with Minister for Finance Dr Hafeez Sheikh. more... (BR)

 

KSE Notices
 
 

TRG Pakistan Limited
The Board of Directors has disclosed the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR1.4mn LPS 0.004 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.