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Nov 08, 2010
 
Statistics
KSE-100 Index
Previous Index 10,702.19
Current Index 10,882.00
Change % 1.68%
YTD (CY10) 15.92%
YTD (FY11) 11.93%

International Indicators
  Close %age
BSE-30 21,004.96 0.53
HANGSENG 24,876.82 1.39
NIKKEI 255 9,625.99 2.90
FTSE 5,875.35 0.20
DJIA 11,444.10 0.08
SSEC 3,150.59. 0.78
NASDAQ 2,578.98 0.06

SCRA
Nov 04, 2010 0.11
Nov, 2010 (1.27)
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 13.23%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 121.87
PKR/GBP 139.49
PKR/USD 85.80
PKR/OMR 218.88

Commodities
Oil $86.86/barrel
Change in % 0.25
Gold $1388.4/ounce
Change in % -0.04

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 (Nov 4, 2010) $16.95bn
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 4, 2010
Funds Offer Redemption
POAIIF 51.3986/- 50.8846/-
Daily Return 7.13%
POAIF 56.18/- 54.78/-
Daily Return 575.28%
POASF 55.65/- 54.26/-
Daily Return 497.76%
POAF 10.33/-
Daily Return 10.40%
*Daily Returns are calculated as per MUFAP guidelines

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

Gas loadshedding, price hike: Federal government invites Faisalabad industrialists to dialogue
Federal government has invited the Faisalabad Industrialists for negotiation, who are protesting against gas loadshedding schedule, price hike and shortage of Cotton and Polyester Yarn and unfair doing business. Talking to newsmen, Sheikh Abdul Qayyum, President Faisalabad Chamber of Commerce and Industry disclosed that 18 members of delegation would participate in negotiation at Islamabad on November 08 on Monday with the Ministries of Petroleum and Textile over concerned issues. more... (BR)

Prime Minister asks Hafeez to formulate plan on PDF: Cabinet briefed about Pak-US Strategic Dialogue
Prime Minister Yousaf Raza Gilani has directed Finance Minister Dr Abdul Hafeez Sheikh, Foreign Minister Shah Mahmood Qureshi and Minister of State for Economic Affairs Hina Rabbani Khar to formulate a ''joint strategy'' with regard to Pakistan Development Forum (PDF) for media and public consumption, official sources more... (BR)

Pakistan to finalize legislative framework for RGST
Pakistan has proposed the IMF mission to finalize legislative framework for the Reformed General Sales Tax (RGST) in the coming days for submission to the parliament. more... (D)

 

 

 

 

 

 

 

Politics

Pakistani soil not to be used by terrorists, says Zardari
President Asif Ali Zardari Sunday reiterated that Pakistan will never allow a handful of terrorists and extremists to impose their extremist ideological agenda on the people through force and said that we will not let Pakistani soil to be used by the terrorists against any country. more... (D)

Nawaz will never regain power, says Musharraf
Former president Pervez Musharraf has severely criticised PML-N leader Nawaz Sharif and said he (Nawaz) will never be able to regain power and take him to court. The retired general who had deposed Mr Sharif in October 1999 told a gathering of Pakistanis on Saturday night that “Nawaz knows that neither will he regain power nor will he be able to try me in a court of law. Therefore, he takes resort to blowing this trumpet time and again.” more... (D)

‘N' told to put its own house in order
Chaudhry Parvez Elahi, the senior central leader of the Pakistan Muslim League-Q has said that instead of giving long march threats, the N League's incumbent Punjab government should tell the people if it has done anything for the eradication of inflation and unemployment in Punjab. more... (TFD)

 

 

 

 

 

 

 

Sector Briefing

Increase in POL prices essential to avoid Rs 100 billion deficit: Kaira
Backing the recent hike in petroleum products' price, Federal Minister for Information and Broadcasting Qamar Zaman Kaira Saturday said that increase in the prices was essential to avoid deficit of Rs 100 billion. more... (BR)

Thar coal financing: dedicated wing to be set up at W&P Ministry
Federal Ministry of Water & Power will establish dedicated wing in the Ministry to exclusively deal with infrastructure development for Thar and seek international financing for it as per the decision of the Council of Common Interest. This decision was taken at the 10th meeting of Thar Coal Energy Board (TECB) held at Chief Minister House here on Saturday. more... (BR)

Sugar prices skyrocket to over Rs100 per kilo
Seemingly out of control sugar prices have hit another massive blow to people as the price of the commodity has surged to Rs105 and 102 per kilogram respectively in Quetta and Peshawar, while it was being sold at Rs110/kg in the Federal Capital. more... (TFD)

 

KSE Notices
 
 

Deewan Salman Fibre Limited
The Board of Directors has disclosed the financial statments of the company for the quarter ended Sep 30, 2010. The company reported LAT:PKR1.52bn LPS 4.18 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.