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Nov 29, 2010
 
Statistics
KSE-100 Index
Previous Index 11,135.34
Current Index 11,145.02
Change % 0.09%
YTD (CY10) 18.73%
YTD (FY11) 14.63%

International Indicators
  Close %age
BSE-30 19,136.61 0.94
HANGSENG 22,877.25 0.80
NIKKEI 255 10,039.56 0.40
FTSE 5,668.70 1.60
DJIA 11,092.00 0.85
SSEC 2,889.52 -0.03
NASDAQ 2,534.56 0.34
TASI 6309.97 0.17
KSE(Kuwait) 6,868.80 -0.75
BSE 1,426.98 0.00
MSM 6,582.29 0.48

SCRA
Nov 26, 2010 -3.24
Nov, 2010 -56.47
YTD (FY11) mn 161.02

Money Market Updates
6m T-bill 3-Nov-10 13.1099%
12m T-bil 3-Nov-10 13.2353%
3m KIBOR 13.10%
6m KIBOR 13.36%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.41
PKR/GBP 133.55
PKR/USD 85.65
PKR/OMR 221.16

Commodities
Oil $84.3/barrel
Change in % 0.69
Gold $1362.6/ounce
Change in % -0.83

Inflation
CPI Gen. - YoY (Oct-10) 15.3%
CPI Gen. - FY11 (Jul- Oct 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 22, 2010) $16.91bn
Trade Balance Oct $(1.23)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 12, 2010) Rs672.14bn

NAVs and Returns
as of Nov 26, 2010
Funds Offer Redemption
POAIIF 51.6679/- 51.1521/-
Daily Return 7.55%
POIAAF 57.87/- 56.42/-
Daily Return -38.77%
POAAAF 56.73/- 55.31/-
Daily Return -92.16%
POAF 10.20/-
Daily Return 11.68%
*Daily Returns are calculated as per MUFAP guidelines

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

Change in GST/FED rates: FBR surrenders powers to parliament
The powers of the Federal Board of Revenue (FBR) to increase or decrease rates of general sales tax or federal excise duty have been taken away under the 'reformed general sales tax' (RGST) bill. Sources told Business Recorder here on Saturday that the powers to change sales tax rate has been surrendered to the Parliament under the RGST Bill 2010. more... (BR)

Power tariff increased by 113 percent by government: National Assembly body told
Power tariff has been increased by 113 percent during the tenure of the present government. This was stated by an official of the Water and Power Ministry on Friday in reply to a question by a member of National Assembly standing committee on water and power as to how much increase in power tariff was made by the present government since 2008. more... (BR)

Profit repatriation rises 2pc in 4mths
Repatriation of profit by the foreign companies rose 1.9 per cent in first four months of the fiscal year 2011, according to the State Bank of Pakistan data on sector-wise repatriation of profit. From July to October 2010, the repatriation of profit by foreign companies in Pakistan rises to $203.8 million as against $199.9 million witnessed in the corresponding period last year. more... (TFD)

 

 

 

 

 


Politics

US: WikiLeaks release endangers ‘countless' lives
The Obama administration has told whistleblower WikiLeaks that its expected imminent release of classified State Department cables will put ”countless” lives at risk, threaten global counterterrorism operations and jeopardize US relations with its allies. more... (D)

Pakistan announces reward, protection for Taliban info
Pakistan on Saturday announced a reward of 10 million rupees (around 120,000 dollars) to anyone providing information about the Taliban, as Islamabad struggles to defeat the militants. "The government will make arrangements to settle the informers and their families anywhere in the country, even abroad, if they fear that Taliban might hurt them," interior minister Rehman Malik told reporters. more... (BR)

Farrukh likely to become new SECP chief
The government is likely to appoint Farrukh H Khan as the chairman of Securities and Exchange Commission of Pakistan (SECP), it is reliably learnt. The government is expected to issue official notification of the said appointment shortly. more... (BR)

 

 

 

 

 

 

Sector Briefing

Massive scam of financial irregularities unearthed in PSO
Irregularities resulting in the loss of millions of rupees have been pointed out in the audit report on the accounts of Pakistan State Oil Company Ltd (PSO) prepared by the Director Commercial Audit, Karachi. PSO is an autonomous body working under the administrative control of Ministry of Petroleum and Natural Resources. more... (BR)

Alternative energy projects: Tuwairqi- Gresham sign MoUs with Slovenian companies

The Tuwairqi Steel Mills Limited (TSML), a subsidiary of Al Tuwairqi Holding of Saudi Arabia, in collaboration with Gresham''s Eastern Pvt Ltd, a leading energy and environmental solution provider, has signed Memorandums of Understanding (MoU) with three Slovenian companies namely IBE, Turbo Institute and KIV, for indigenised development of alternative energy projects. more (BR)

Mirpur-Khipro blocks: BP plea for two-year extension rejected

The government has outrightly turned down British Petroleum (BP) request for granting two-year extension for Mirpur Khas and Khipro (KKK) blocks, assuming that the request was a deliberate attempt of the company to gain more time, and sell the assets, including these two blocks, to the buyer at higher price. more... (BR)

 

KSE Notices
 
 

Exide Pkaistan Limited
The Board of Directors of anounced the financial Results for the half year ended on Sep 30, 2010 with the PAT: PKR119.63mn and EPS PKR21.17. 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.