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Nov 05, 2010
 
Statistics
KSE-100 Index
Previous Index 10,617.65
Current Index 10,702.19
Change % 0.79%
YTD (CY10) 14.01%
YTD (FY11) 10.08%

International Indicators
  Close %age
BSE-30 20,893.57 2.09
HANGSENG 24,535.63 1.62
NIKKEI 255 9,358.78 2.17
FTSE 5,862.79 1.98
DJIA 11,434.84 1.96
SSEC 3,126.21. -3.18
NASDAQ 2,577.34 1.96

SCRA
Nov 03, 2010 2.19
Nov, 2010 (1.26)
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 12.97%
6m KIBOR 13.22%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 121.24
PKR/GBP 138.27
PKR/USD 85.75
PKR/OMR 220.59

Commodities
Oil $87.08/barrel
Change in % 2.02
Gold $1388.9/ounce
Change in % 2.50

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 3, 2010
Funds Offer Redemption
POAIIF 51.3889/- 50.8750/-
Daily Return 7.67%
POAIF 55.31/- 53.93/-
Daily Return 355.36%
POASF 54.90/- 53.53/-
Daily Return 323.31%
POAF 10.33/-
Daily Return 13.97%
*Daily Returns are calculated as per MUFAP guidelines

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

Restricting lending to government: National Assembly adopts SBP bill
National Assembly on Thursday passed 'The State Bank of Pakistan (Amendment) Bill, 2010' restricting the SBP not to grant direct or indirect credit to the federal and provincial governments or to any other public agency or state-owned entity, with the exception of intra-day credits to secure the smooth functioning of the payment system. more... (BR)

Five percent regulatory duty on sack paper abolished: ECC decision
The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday abolished 5 percent regulatory duty on import of sack paper and directed the Trading Corporation of Pakistan to immediately start releasing available sugar stocks in the open market. . more... (BR)

Bhit gas field closure to reduce supply
Just as the Zamzama field resumed its supply of natural gas on Thursday after scheduled closure for annual turnaround (ATA), the Sui Southern Gas Company (SSGC) announced that the Bhit field will remain closed for its ATA from November 6 to 12. more... (ET)

Revenue collection exceeds target in October
With receipts for October exceeding Rs105 billion against a target of Rs104.3 billion, the revenue shortfall for the first four months (July to October) of fiscal year 2010-11 has reduced to Rs45.2 billion, according to sources in the FBR. . more... (ET)

 

 

 

 

Politics

Talks with IMF clear hurdles
The government hinted on Thursday that a breakthrough had been made in its talks with a visiting mission of the International Monetary Fund (IMF) by resolving key economic issues to pave the way for consideration of. more... (D)

PML-N steps back, MQM sticks to guns in NA
The opposition PML-N seemed stepping back in the National Assembly on Thursday from suggestions for mid-term elections that had angered Prime Minister Yousuf Raza Gilani but his ally MQM stuck to a boycott of the house. more... (D)

Kayani only Pakistani in Forbes 'most powerful' list
The supreme commander of the Pakistan military was 20 steps down from Indian leader Sonia Gandhi , who made it in the top ten, at number nine. Indian Prime Minister Manmohan Singh was at number 18, ahead of French president Nicolas Sarkozy and the United States secretary of state Hillary Clinton. more... (ET)

 

 

 

 

 

 

 

Sector Briefing

Pakistan asked to introduce recovery plan: FoDP issues warning on escalating energy crisis
The Friends of Democratic Pakistan (FoDP) forum has issued a warning to the Government of Pakistan (GoP), saying that its energy crisis would become unmanageable by 2015-16 if it failed to introduce a 5-point recovery plan for immediate overhauling of its entire power infrastructure. more... (BR)

IP gas pipeline project: foreign office denies any 'renewed pressure' from US
Pakistan, the energy starved nation and a key US ally in the war against terror, denied any 'renewed pressure' from the United States to scuttle the multi-billion-dollar Iran-Pakistan (IP) gas pipeline project on Thursday. "We are not under any renewed pressure", categorically stated foreign office spokesperson Abdul Basit at the weekly press briefing. more... (BR)

Cement sales up 45pc MoM in Oct

After dismal performance in first quarter of this financial year, Country's cement sector has showed improvement during the month of October 2010, as total cement dispatches surged 45 per cent MoM to 2.9 million tonnes against 2 million tonnes in the month of September 2010, according to the data released by All Pakistan Cement Manufacturers Association (APCMA). more... (TFD)

 

KSE Notices
 
 

Hino Pak Limited
The Board of Directors has disclosed the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR34.25mn LPS 2.76 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.