BasedLine
LOGO
Dec 06, 2010
 
Statistics
KSE-100 Index
Previous Index 11,343.55
Current Index 11,406.66
Change % 0.55%
YTD (CY10) 21.52%
YTD (FY11) 17.32%

International Indicators
  Close %age
BSE-30 11,343.55 -0.10
HANGSENG 23,320.52 -0.60
NIKKEI 255 10,178.32 0.10
FTSE 5,745.32 -0.40
DJIA 11,382.09 0.17
SSEC 2,837.63 0.28
NASDAQ 2,591.46 0.47
TASI 6,403.20 -0.29
KSE(Kuwait) 6,865.40 0.69
BSE 1,422.18 0.26
MSM 6,697.49 0.50

SCRA
Dec 02, 2010 1.06
Dec, 2010 0.92
YTD (FY11) mn 163.65

Money Market Updates
6m T-bill 02-Dec-10 13.39%
12m T-bil 02-Dec-10 13.67%
3m KIBOR 13.34%
6m KIBOR 13.58%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 115.14
PKR/GBP 135.35
PKR/USD 85.8
PKR/OMR 219.95

Commodities
Oil $89.32/barrel
Change in % 1.75
Gold $1413.90/ounce
Change in % 1.58

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 03, 2010
Funds Offer Redemption
POAIIF 51.7411/- 51.2237/-
Daily Return 8.23%
POIAAF 58.63/- 57.16/-
Daily Return 12.78%
POAAAF 57.74/- 56.30/-
Daily Return 97.51%
POAF 10.16/-
Daily Return 127.82%
*Daily Returns are calculated as per MUFAP guidelines

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

Bilateral trade to soar to $5 billion by 2015
Prime Minister Syed Yousuf Raza Gilani said on Saturday that Pakistan was committed to enhancing bilateral trade with Afghanistan to $5 billion by 2015, besides building 100 primary schools and 50 basic health units. Addressing a luncheon hosted in honour of his delegation at the Presidential Palace by Afghan President Hamid Karzai, the Prime. more... (BR)

Industrial output dips 1.47pc in 1Q
Due to devastating floods and impact of tight monetary policy, again large scale manufacturing (LSM) has reported decline of 2.58 per cent in the month of September 2010, taking the average contraction to 1.47 per cent in the first quarter of fiscal year 2010-11, according to data from the Federal Bureau of Statistics (FBS). more... (TFD)

Govt mulls 7pc of GDP for edu
The government is working on a long-term strategy for promotion of education and upgradation of education standard by allocating seven per cent of GDP in this sector by 2015. The government will also make necessary legislation in this regard to achieve the objectives. To meet Millennium Development Goals on education, a number of projects have been launched throughout the country not only to promote education at higher level but increase literacy rate at the lower level also. more... (TFD)

 

 

 

 

 

 

 

 


Politics

Musharraf wanted technocrat-led government: WikiLeaks
Six months after February 2008 elections, the then President, Pervez Musharraf was mulling replacing elected government with that of technocrats, a private TV channel reported quoting WikiLeaks cables. According to the channel, this was revealed in a US Islamabad embassy cable sent to Washington on July 25, 2008. more... (BR)

Karzai doubts credibility of leaked cables
Afghan President Hamid Karzai said Saturday he doubted the credibility of US diplomatic cables leaked this week by the Internet whistleblower WikiLeaks, which portrayed him as corrupt and weak. At a news conference held with visiting Pakistan Prime Minister Yousaf Raza Gilani, Karzai said at least one of the incidents described in the cables could not have happened as described. more... (BR)

Zardari lacks 'public leadership' skills: WikiLeaks
In a cable sent on Saturday, 20 June 2009 by US Ambassador Anne W. Patterson wrote; 'although he (President Zardari) is not a popular leader and admits himself that he came to high office without previous direct experience as an elected politician. more... (TN)

 

 

 

 

 

 

Sector Briefing

Tax relief for SME sector sought
SME sector should be supported through relaxation in taxes and financial assistance, said Mahfooz Elahi, President of Islamabad Chamber of Commerce and Industry (ICCI). Speaking to business community here on Saturday, Mehfooz Elahi said that SMEs constitute nearly 90 per cent of all enterprises in Pakistan, employ 80 per cent of the non-agricultural labour force and their share in the annual GDP is 40 per cent, approximately. more... (D)

PAEC to set up 880kMW N-plant

Pakistan Atomic Energy Commission is engaged to supplement the government efforts to overcome energy crisis by installing 8800 Megawatt nuclear electricity plants.Pakistan is facing acute power shortage and the commission is working on various projects to fulfill the national needs by enhancing its share in energy generation. more (TFD)

Reduction in power theft can help lower tariff

Check on power theft can considerably lower the electricity tariff and help in bridging cost and recovery differential. This was stated by an official of the Ministry of Water and Power before the National Assembly standing committee. Members of National Assembly standing committee on water and power vehemently stressed the need to control power theft, instead of blithely passing on power tariff increase every month to the consumers. more... (D)

 

 

KSE Notices
 
 

GSK Pakistan Limited
The company announced the scheme of arrangement for amalgamation betwen GSK Pakistan Ltd and Steifel Laboratories Pakistan Ltd. 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.