Nov 23, 2010
KSE-100 Index
Previous Index 10,966.00
Current Index 11,205.84
Change % 2.19%
YTD (CY10) 19.37%
YTD (FY11) 15.26%

International Indicators
  Close %age
BSE-30 19,957.59 1.90
HANGSENG 23,524.02 -0.35
NIKKEI 255 10,115.19 0.90
FTSE 5,680.83 -0.90
DJIA 11,178.58 -0.22
SSEC 2,812.55 -3.09
NASDAQ 2,532.02 0.55

Nov 16, 2010 1.09
Nov, 2010 41.98
YTD (FY11) mn 146.71

Money Market Updates
6m T-bill 3-Nov-10 13.1099%
12m T-bil 3-Nov-10 13.2353%
3m KIBOR 13.02%
6m KIBOR 13.29%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 117.96
PKR/GBP 137.26
PKR/USD 85.7
PKR/OMR 218.83

Oil $81.22/barrel
Change in % -1.62
Gold $1357.6/ounce
Change in % -0.13

CPI Gen. - YoY (Oct-10) 15.3%
CPI Gen. - FY11 (Jul- Sep 10) 14.2%
NFNE Core INFL - YoY (Oct 10) 9.3%
NFNE Core INFL - FY11 (Jul- Oct 10) 9.7%

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 - Oct 10) $3.5bn
Foreign Investment (Jul - Sep 10) $455.1mn
All Sch. Banks Deposit Base (Nov 6, 2010) Rs668.17bn

NAVs and Returns
as of Nov 22, 2010
Funds Offer Redemption
POAIIF 51.6057/- 51.0896/-
Daily Return 9.05%
POIAAF 57.92/- 56.47/-
Daily Return 86.31%
POAAF 56.94/- 55.52/-
Daily Return 87.81%
POAF 10.23/-
Daily Return 11.70%
*Daily Returns are calculated as per MUFAP guidelines

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

"No change in tariff for Karachi": first rental power plant inaugurated
Minister for Water and Power Pervaiz Ashraf said on Sunday that the Turkish power ship would provide 232 megawatts electricity to the national grid for Karachi at the prevailing power tariff. more... (BR)

Compressors installed at Qadirpur gas field
In order to address the natural decline in Qadirpur field gas production, OGDC finally installed 12 of the 14 compressors and Company is online with work to commission 13th compressor in its final stage. These compressors were to be commissioned in June 2010. The field is producing now 570 mmcfd of raw gas. more... (TFD)

Suspension of gas: more than 175 factories cease functioning
More than 175 factories ceased functioning due to suspension of natural gas for three days by the SNGPL in South Punjab as a result more than 20,000 workers rendered jobless. Secretary General of Federation of Workers Union, Ashfaq Ahmed Khan said that industrial workers came on job after Eid-ul-Azha holidays and they found out that their factories have been closed for three days. more... (BR)

'Broadening of Tax Base Plan': implementation begins today

The Federal Board of Revenue (FBR) has implemented the 'Broadening of Tax Base Plan 2010-2011' from Monday, November 22 to enforce filing of income tax returns from owners of property/assets. more... (BR)









Musharraf included in BB murder probe
The government is learnt to have decided to formally include former president Gen (retd) Pervez Musharraf in the extended investigation into the assassination of former prime minister Benazir Bhutto. more... (D)

Hafeez lets out steam on Senators
Finance Minister Abdul Hafeez Shaikh accused the members of a Senate committee on Monday of having a tendency to reject taxes that could be imposed on them and proposing others that did not affect them. more... (D)

PML-N, MQM give PPP a bother over tax bills
While vowing to block the new tax measures proposed by the government, representatives of the MQM and the PML-N — strong opponents of the reformed general sales tax (RGST) — skipped an all-important meeting of the Senate Standing Committee on Finance here on Monday in which the members sought time to evaluate the controversial bill. more... (D)










Sector Briefing

Energy sector needs $21.8 billion: US report
Washington has assessed $ 21.8 billion financial requirement for Pakistan's energy sector reforms meant to help it add 6950 MW electricity to national grid in the next three years. The US assessment report forwarded to Pakistan speaks about different projects to overcome its widening energy crisis. more... (BR)

Services sector deficit narrows by six percent
Services trade deficit narrowed down by 6 percent during first four months of the current fiscal year mainly due to higher exports and slowdown in imports. Statistics of the State Bank show that the country's services sector trade had gradually improved as exports surged and deficit declined. more (BR)

Two state-run companies to bid for BP fields in December
Two state-run petroleum companies bidding together for the fields of British Petroleum (BP) in Pakistan will come up with an offer price during the first week of December, a senior official said on Monday.
. more... (TN)


KSE Notices

Mirpurkhas Sugar Mills Limited
The Board of Directors meeting is going to held on Nov 30, 2010 to consider the financial statements for the year end Sep 30, 2010. 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.