Dec 27, 2010
KSE-100 Index
Previous Index 11,792.83
Current Index 11,858.17
Change % 0.55%
YTD (CY10) 26.32%
YTD (FY11) 19.16%

International Indicators
  Close %age
BSE-30 20,073.66 0.45
HANGSENG 22,833.80 -0.30
NIKKEI 255 10,279.19 -0.24
FTSE 6,008.92 0.21
DJIA 11,573.49 0.12
SSEC 2,854.91 0.44
NASDAQ 2,665..60 -0.22
TASI 6,611.81 0.04
KSE(Kuwait) 6,906.00 0.59
BSE 1,428.15 1.43
MSM 6,718.81 -0.52

Dec 23, 2010 1.51
Dec, 2010 32.52
YTD (FY11) mn 196.25

Money Market Updates
6m T-bill 15-Dec-10 13.39%
12m T-bil 15-Dec-10 13.69%
3m KIBOR 13.42%
6m KIBOR 13.61%
10 yrs PIB 14.23%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.39
PKR/GBP 132.19
PKR/USD 85.85
PKR/OMR 220.88

Oil $91.35/barrel
Change in % 0.75
Gold $1,384.10/ounce
Change in % -0.33

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 - Nov 10) $4.43bn
Foreign Investment (Jul - Oct 10) $569mn
All Sch. Banks Deposit Base (Nov 19, 2010) Rs679.65bn

NAVs and Returns
as of Dec 24, 2010
Funds Offer Redemption
POAIIF 51.9973/- 51.4773/-
Daily Return 8.50%
POIAAF 60.57/- 59.06/-
Daily Return 292.80%
POAAAF 58.77/- 57.30/-
Daily Return 147.10%
POAF 10.40/-
Daily Return -6.12%
*Daily Returns are calculated as per MUFAP guidelines

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

Budget deficit worries govt
Budget deficit has become out of government control due to inviolability of aid announced by Friends of Pakistan and Kerry-Lugar Bill. According to Finance Ministry sources, the government had allocated thirty billion rupees for the power subsidy in 2010-11 budget, but the government has to pay two hundred billion rupees. more... (TFD)

Power firms allowed to raise tariff
The National Electric Power Regulatory Authority has approved up to 124 per cent increase in the electricity tariff of four distribution companies of Wapda for the first quarter (July-September) of the current fiscal year. Nepra has also done away with the lower-slab tariff subsidy for domestic consumers using more than 300 units per month. The subsidy will now be allowed for only one slab. more... (D)

BP provides items worth Rs 3.4 million for library, computer centre, hospital
The British Petroleum Pakistan has provided equipments worth Rs 3.4 million for a public library and computer centre at Odero Lal, District Matiari. These donated equipments include 12 computers, 800 books, one generator, furniture and other items which were handed over by the representatives of BP Pakistan on the request of Matiari District Government in a simple but impressive ceremony held on Sunday at the place of facility. more... (BR)

Benazir's third death anniversary today
The third death anniversary of a former prime minister, Benazir Bhutto will be observed on Monday with a resolve to carry on her mission for strengthening democracy in the country. more... (BR)



Altaf trying to become king, says Khurshid
Federal Minister for Labour and Manpower Syed Khurshid Ahmad Shah said that the allied parties are now talking about quitting the government after enjoyed the government for three years and hoped that the criticism could not harm the government and it would complete its tenure. more... (TFD)

Nawaz questions MQM's revolution talk
Prime Minster Yousuf Raza Gilani Thursday has stated that no one can compel the Inter-Services Agency (ISI) to appear before a US court. The PM refrained from making a policy statement saying it was a 'sensitive issue' and needed some consultation, but categorically stated, "I assure you (National Assembly) that if ISI is not willing, then no one can force it to appear before a US court." more... (D)

Shahzain's arrest a provincial issue, says PM
Prime Minister Yousuf Raza Gilani has said that Baloch people are true patriots because they played a vital role in the creation of Pakistan. He was answering a question on Sunday about the arrest of Shahzain Bugti, at the residence of local politician Makhdoom Syed Hassan Raza where he had gone to condole with him the death of his son. more... (D)







Sector Briefing

Pepco firms up five-year power generation plan
The Pakistan Electric Power Company (Pepco) has reportedly firmed up a five-year Public Sector Power Generation Enhancement Plan (2010-2015) whereby 10,000 MW of new capacity would be added to the national grid, official sources told Business Recorder. more... (BR)

Pakistan eyes maritime trade with Oman
Pakistan is looking forward to start passenger and maritime trade service between Gwadar and Muscat to enhance economic and trade ties, as leaders of two countries meet here on Monday to discuss whole range of issues. more... (D)

'RGST will have negative effects on agriculture'
Chief Executive Officer, Ali Akbar Group, Saad Akbar Khan has said that RGST would have negative effects on agriculture. He said that agriculture is the backbone of the country's economy. Pakistan is an agricultural country and it can include in the developed countries if government pays attention to this sector. He expressed these views while talking to Business Recorder. more... (BR)


KSE Notices

Sindh Abadgar's Sugar Mills Limited
The Company announced the financial results for the year end September 30, 2010 with PAT: PKR 21.69mn EPS: PKR 2.08 Cash Divided: PKR 1.00 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.