Dec 10, 2010
KSE-100 Index
Previous Index 11,629.93
Current Index 11,569.09
Change % -0.52%
YTD (CY10) 22.82%
YTD (FY11) 19.00%

International Indicators
  Close %age
BSE-30 19,242.36 -2.31
HANGSENG 23,171.80 0.34
NIKKEI 255 10,285.88 0.52
FTSE 5,807.96 0.20
DJIA 11,370.06 0.02
SSEC 2,814.89 -0.44
NASDAQ 2,616.67 -0.29
TASI 6,457.18 0.32
KSE(Kuwait) 6,821.40 -0.57
BSE 1,425.67 -0.51
MSM 6,717.26 0.30

Dec 08, 2010 0.27
Dec, 2010 22.16
YTD (FY11) mn 184.89

Money Market Updates
6m T-bill 02-Dec-10 13.39%
12m T-bil 02-Dec-10 13.67%
3m KIBOR 13.36%
6m KIBOR 13.58%
10 yrs PIB 13.17%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.99
PKR/GBP 135.51
PKR/USD 85.65
PKR/OMR 220.6

Oil $88.39/barrel
Change in % -0.49
Gold $1,390.4/ounce
Change in % 0.14

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 $ 1,1051
Population 171.25mn
US$ Reserves (Dec 3, 2010) $16.74 bn
Trade Balance Oct $(1.23)bn
Curr. A/C (Jul-Oct-10) $(533)mn
Remittances (July - Oct 10) $3.5bn
Foreign Investment (Jul - Oct 10) $569mn
All Sch. Banks Deposit Base (Nov 19, 2010) Rs679.65bn

NAVs and Returns
as of Dec 09, 2010
Funds Offer Redemption
POAIIF 51.8153/- 51.2971/-
Daily Return 9.07%
POIAAF 59.18/- 57.70/-
Daily Return -113.51%
POAAAF 58.13/- 56.68/-
Daily Return -198.54%
POAF 10.21/-
Daily Return 12.52%
*Daily Returns are calculated as per MUFAP guidelines

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

Massive power load-shedding from December 26
Massive power load shedding is to commence from December 26, 2010 across the country due to annual canals' closure and shortage of gas supply to the Independent Power Producers (IPPs) well-informed sources told Business Recorder . more... (BR)

Nov inflation up 15.48pc YoY
Country's consumer price index (CPI) rose 15.48 per cent in November from a year ago, the Federal Bureau of Statistics said on Thursday. The CPI was up 1.52 per cent over October. Pakistan's wholesale price index (WPI) rose 24.65 percent in November from a year earlier, and up 3.48 percent over October, according to the bureau. more... (TFD)

Portfolio of development projects reduced: PSDP 2010-11 slashed by 50 percent
The government has reduced the portfolio of development projects worth Rs 500 billion and slashed Public Sector Development Programme (PSDP) 2010-11 by 50 percent to Rs 140 billion due to financial constraints, Business Recorder has reliably learnt. The government has decided to cut further portfolio of development projects to create a financing space for 33 projects costing over Rs 600 billion, which the Executive Committee of National Economic Council (Ecnec) approved on Thursday.more... (BR)

FX reserves shrink to $16.39bn
Country's foreign exchange reserves fell to $16.39 billion in the week ending Dec 4, down from $16.74 billion the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $12.65 billion from $12.97 billion in the week ending Dec 4, and those held by commercial banks also eased to $3.74 billion from $3.77 billion, said the State Bank of Pakistan. more... (TFD)







PPP mindful of human rights obligations: Zardari
President Asif Ali Zardari has urged the nation to strengthen peace and democracy and resist violation of human rights to make Pakistan a peaceful and prosperous country. “I call upon every conscientious person to raise voice against the misuse of some laws against the vulnerable,” President Zardari said in a message on the Universal Human Rights Day The President said the day was an occasion to reiterate resolve to uphold basic human rights of all individuals regardless of caste, creed or any other consideration. more... (TN)

Eleven missing men in agency custody, SC told
The mystery of 11 prisoners, who had been missing from Adiyala jail since their acquittal on terrorism charges in May this year, was finally solved on Thursday, with two premier spy agencies claiming that they had ‘recovered' the men from terror camps and were now questioning them for masterminding terror campaigns after which they would be tried under the 1952 Army Act. more... (D)

Information Ministry doled out Rs570m from secret fund
The Ministry of Information and Broadcasting distributed about Rs570 million from its notorious “secret fund” in 2007-08, the Public Accounts Committee of the National Assembly was informed on Thursday. more... (D)







Sector Briefing

UK keen to invest in Pak agro sector
Nicolas Martin, Chief Financial Officer of ASHORE, UK has said that his company is interested to invest in Pakistan especially in the fertiliser industry owing to the increasing demand of the country and investment for farm mechanisation could also be initiated. He said this during his meeting with Federal minister for food and agriculture Nazar Muhammad Gondal here on Thursday accompanied by Ahmed Jaudet Bilal, CEO Agritech. more... (TFD)

Government allows import of up to five years old cars

The Min-istry of Commerce has decided to increase the age limit of imported second-hand cars from three to five years under 'personal baggage, gift and transfer of residence schemes'. Business Recorder broke this story in its yesterday's issue. more (BR)

Most expensive rental power plant: Ministry alters agreement for benefiting Karkey
The Ministry of Water and Power has reportedly altered agreement to extend extra financial benefit to the most expensive rental power plant of a Turkish company, Karkey, currently engaged in setting up ship-based rental power plant near Karachi, sources close to the Managing Director, PPIB told Business Recorder . more... (BR)



KSE Notices

Pangrio Sugar Mills Limited
The company announcedthe financial results for the year ended Sep 30, 2010 woth PAT: PKR75.40mn , EPS: PKR6.95 and Cash Dividend PKR1/share more... (KSE)




(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
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