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Dec 03, 2010
 
Statistics
KSE-100 Index
Previous Index 11,221.81
Current Index 11,343.55
Change % 1.08%
YTD (CY10) 20.84%
YTD (FY11) 16.68%

International Indicators
  Close %age
BSE-30 19,992.70 0.70
HANGSENG 23,458.74 0.90
NIKKEI 255 10,168.52 1.80
FTSE 5,767.56 2.20
DJIA 11,362.41 0.95
SSEC 2,830.29 -1.32
NASDAQ 2,579.35 1.17
TASI 6,344.88 0.42
KSE(Kuwait) 6,818.30 -0.47
BSE 1,418.47 -1.09
MSM 6,664.03 0.38

SCRA
Dec 01, 2010 -0.14
Dec, 2010 -0.14
YTD (FY11) mn 162.58

Money Market Updates
6m T-bill 02-Dec-10 13.39%
12m T-bil 02-Dec-10 13.67%
3m KIBOR 13.37%
6m KIBOR 13.60%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 111.54
PKR/GBP 133.65
PKR/USD 85.8
PKR/OMR 219.95

Commodities
Oil $87.78/barrel
Change in % 1.50
Gold $1391.00/ounce
Change in % -0.14

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 (Dec 3, 2010) $16.74 bn
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 Dec 02, 2010
Funds Offer Redemption
POAIIF 51.7299/- 51.2126/-
Daily Return 11.52%
POIAAF 58.61/- 57.14/-
Daily Return 302.72%
POAAAF 57.59/- 56.15/-
Daily Return 367.89%
POAF 10.14/-
Daily Return -2.14%
*Daily Returns are calculated as per MUFAP guidelines

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

Pak, China to launch new FYDP, agree proposals of over $13bn projects
Pakistan and China here on Thursday agreed to launch New Five Year Development Plan (FYDP) besides approving the proposals for 36 projects worth $ 13285 million in various fields of economy to further boost bilateral economic cooperation between the two friendly countries. more... (BR)

Forex reserves fall by $109m to $16.743 billion
Pakistan's foreign exchange reserves fell by over $100 million to $16.743 by the week ended on November 29 from $16.852 billion a week ago, the central bank said on Thursday.
“The fall in reserves position was due to debt payment,” said Syed Wasimuddin, chief spokesman, State Bank of Pakistan (SBP). more... (TN)

Parliamentarians want end to Rs600bn corruption in FBR
Parliamentarians called on Thursday for steps to put an end to over Rs500-600 billion worth of annual corruption in the Federal Board of Revenue to meet the country's economic needs, instead of putting the people under regressive Reformed General Sales Tax and its inflationary impact. more... (D)

 

 

 

 

 

 

 

 


Politics

Kayani mused takeover?
Pakistan's army chief mused about forcing out civilian President Asif Ali Zardari who has made preparations for a coup or assassination, leaked US diplomatic cables claimed Tuesday. The latest tranche of memos, obtained by whistleblower site WikiLeaks and reported by The New York Times and The Guardian, also showed the United States was more concerned than it let on publicly about Pakistan's nuclear arsenal. more... (BR)

PML-N issues ‘fact-sheet' on Nawaz exile deal
The Pakistan Muslim League-N (PML-N) on Thursday again denied that party chief Nawaz Sharif was under a 10-year ban on taking part in politics and issued a detailed “fact-sheet” highlighting various political activities in which Mr Sharif had participated during the days he spent in exile. . more... (D)

Clinton calls Zardari to discuss wikileaks
US Secretary of State Hillary Clinton telephoned President Asif Ali Zardari Thursday night and discussed bilateral issues with reference to the recent publication of memos and official correspondence by the Wikileaks. more... (D)

 

 

 

 

 

 

Sector Briefing

PSO intends to acquire 30 percent shares in PPL
The Pakistan State Oil Company (PSO) intends to acquire 30 percent shares in Pakistan Refinery Limited (PRL). According to information sent to Karachi Stock Exchange (KSE), these shares are currently being held by Shell Petroleum Company Limited, London. more... (BR)

Use of APL pipeline: Hubco opposes PSO-Byco agreement

The Hub Power Company (Hubco), Pakistan''s largest independent power producer (IPP), has opposed a Pakistan State Oil (PSO) agreement with Byco to allow it the use of Asia Pakistan Limited''s (APL) pipeline to transport white oil from the refinery in Hub to Karachi. Hubco in its latest communication to PSO said that any agreement between PSO and Byco would violate its right to exclusively use the pipeline till 2028. more (BR)

LPG prices set to increase by Rs14

Consumers are set to face third price-hike in liquefied petroleum gas (LPG) by Rs14 per kg from Friday. LPG prices were twice revised upward in November: first on Nov 5 by Rs9.50 per kg and second on Nov 16 by Rs5 per kg. After an increase in Saudi Aramco Contract Price by $141 per ton, producers of liquefied petroleum gas (LPG) have put their heads down to pass on the full impact of Rs14 per kg on consumers. more... (D)

 

 

KSE Notices
 
 

Quetta Textile Mills Limited
The company anounced the dispatch final cash dividend warrants to the shareholders. 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.