Dec 01, 2010
KSE-100 Index
Previous Index 11,163.43
Current Index 11,234.76
Change % 0.63%
YTD (CY10) 19.68%
YTD (FY11) 15.56%

International Indicators
  Close %age
BSE-30 19,521.25 -1.00
HANGSENG 23,007.99 -0.70
NIKKEI 255 9,937.04 -1.90
FTSE 5,528.27 -0.40
DJIA 11,005.87 -0.42
SSEC 2,812.31 1.20
NASDAQ 2,498.23 -1.07
TASI 6,318.50 -0.22
KSE(Kuwait) 6,891.00 -0.34
BSE 1,437.94 -0.06
MSM 6,592.00 -0.17

Nov 29, 2010 2.95
Nov, 2010 59.42
YTD (FY11) mn 164.15

Money Market Updates
6m T-bill 3-Nov-10 13.1099%
12m T-bil 3-Nov-10 13.2353%
3m KIBOR 13.36%
6m KIBOR 13.60%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.59
PKR/GBP 133.57
PKR/USD 85.9
PKR/OMR 220.62

Oil $84.44/barrel
Change in % -0.85
Gold $1390.9/ounce
Change in % 1.82

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 30, 2010
Funds Offer Redemption
POAIIF 51.7032/- 51.1862/-
Daily Return 6.70%
POIAAF 58.46/- 57.00/-
Daily Return 381.76%
POAAAF 57.44/- 56.00/-
Daily Return 482.09%
POAF 10.08/-
Daily Return 11.88%
*Daily Returns are calculated as per MUFAP guidelines

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

GST Bill 2010 silent over some key issues of banking sector
The General Sales Tax (GST) Bill 2010 is silent over some key issues of banking sector particularly services provided by banking companies. A leading tax consultant, Syed Naved Andrabi, told Business Recorder here on Monday that some important issues of banking sector have not been clarified in the General Sales Tax Bill 2010. more... (BR)

Pakistan ranked best in microfinance regulatory framework
Pakistan has been ranked number one in the microfinance regulatory framework category by the Economist Intelligence Unit (EIU), a business information arm of the Economist Group, the publisher of the world renowned magazine, The Economist. The EIU report provides annual ranking and in-depth analysis of the microfinance business environment in 54 countries. more... (TN)

Zardari calls for Pak-Sri Lanka barter trade: assistance on infrastructure offered
President Asif Ali Zardari Monday offered assistance to Sri Lanka in building its infrastructure and called to introduce barter trade as measures to further solidify their deep relations. Addressing the members of Sri Lanka-Pakistan Parliamentary Friendship Association - a 30 member multiparty caucus from both the countries established in 2007, here at the Parliament House the President said the two countries need to go for a win-win situation for both. more... (BR)








WikiLeaks draws global backlash
WikiLeaks faced a worldwide backlash on Tuesday over its release of secret US diplomatic cables, with some countries saying the revelations undermined diplomacy while others dismissed them as worthless. Japan echoed its key ally the United States in describing the leaks as “criminal” and said governments alone had the right to decide on the release of sensitive documents. But WikiLeaks' founder Julian Assange, who defended the decision to reveal some 250,000 diplomatic cables, found support from leftist governments in South America. more... (TFD)

Zardari worried military may take him out: WikiLeaks
Army chief General Ashfaq Parvez Kayani has introduced major reforms in the Pakistan Army despite many financial problems, with a major shift in the profile of who will be recruited more than others. The Army has started decreasing the number of Punjabis and Pashtuns in fresh recruitments and adopted the policy of encouraging Baloch, Sindhis and religious minorities for making an ethnic balance. . more... (TN)

Kayani launches reforms in Pakistan Army
Army chief General Ashfaq Parvez Kayani has introduced major reforms in the Pakistan Army despite many financial problems, with a major shift in the profile of who will be recruited more than others. more... (TN)








Sector Briefing

POL prices unchanged: OGRA
The Oil and Gas Regulatory Authority (OGRA) has resolved keeping the Petroleum Product prices unchanged, Geo News reported. In a statement issued in the wee hours on Tuesday, the OGRA announced keeping POL prices unchanged for the month of December. more... (TN)

PSO clarification

Apropos the news item "Massive scam of financial irregularities unearthed in PSO" based on the Audit Report by the Director Commercial Audit carried by Business Recorder on November 28, the observations contained in the report were highlighted during the annual audit of PSO for the year 2009-10. more (BR)

Fertiliser offtake rises 51pc in Oct

Fertiliser offtake depicted a surge of 51 per cent YoY in October 2010 to 941k tonnes against 623k tonnes in same period last year, as water receded and dealers piled up inventories on expectation of RGST on fertiliser. According to the latest data released by National Fertilizer Development Centre (NDFC), urea sales marginally down by 0.4 per cent in the month of October to 427k tonnes against 429k tonnes in the identical period last year. more... (BR)



KSE Notices

Mirpurkhas Sugar Mills Limited
The Board of Directors announced the financial results of the company for year end Sep 30, 2010 of PAT: PKR84.299mn EPS: PKR11.99 and cash dividend PKR1.5. 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.