Dec 28, 2010
KSE-100 Index
Previous Index 11,858.17
Current Index 11,909.73
Change % 0.43%
YTD (CY10) 26.87%
YTD (FY11) 22.50%

International Indicators
  Close %age
BSE-30 20,028.93 0.22
HANGSENG 22,833.80 -0.30
NIKKEI 255 10,355.99 0.80
FTSE 6,008.92 0.21
DJIA 11,555.03 -0.16
SSEC 2,744.41 -3.87
NASDAQ 2,667.27 0.06
TASI 6,581.74 -0.45
KSE(Kuwait) 6,918.50 0.18
BSE 1,426.34 -0.13
MSM 6,718.81 -0.52

Dec 24, 2010 2.51
Dec, 2010 36.03
YTD (FY11) mn 198.76

Money Market Updates
6m T-bill 15-Dec-10 13.39%
12m T-bil 15-Dec-10 13.69%
3m KIBOR 13.43%
6m KIBOR 13.61%
10 yrs PIB 14.23%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.71
PKR/GBP 132.40
PKR/USD 85.91
PKR/OMR 220.98

Oil $91.35/barrel
Change in % -0.29
Gold $1,391.4/ounce
Change in % 0.53

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 27, 2010
Funds Offer Redemption
POAIIF 52.0341/- 51.5138/-
Daily Return 9.01%
POIAAF 60.89/- 59.37/-
Daily Return 63.86%
POAAAF 59.13/- 57.65/-
Daily Return 74.32%
POAF 10.48/-
Daily Return 139.65%
*Daily Returns are calculated as per MUFAP guidelines

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

RGST may be deferred to July 1, 2011: exemptions, concessions to be phased out through notifications
The government may put off planned implementation of Reformed General Sales Tax (RGST) till July 1, 2011 and systematically phase out exemptions/concessions through notifications under existing Value Added Tax (VAT) mode in case economic managers fail to successfully persuade the political leadership on reform roadmap, it was learnt. more... (BR)

Pakistan receives $633 million CSF from US
Pakistan on Monday received $633 million of Collation Support Fund (CSF) from United States. The payment was transferred by Washington on last Wednesday to pay for Pakistan's expenses incurred in the fight against violent extremists. Syed Wasimuddin, chief spokesman of the SBP, also confirmed that the central bank received $633 million from US on account of CFS. more... (BR)

Pakistan, Oman to boost defence, economic ties
Pakistan and Oman agreed on Monday to work for closer collaboration in defence, labour and manpower and between private sectors. Prime Minister Syed Yusuf Raza Gilani met Sultan Qaboos bin Sa'id at the latter's palace here and discussed regional situation and measures taken by Pakistan to meet the economic and security challenges posed by terrorism and extremism. more... (D)





MQM quits federal cabinet, sit on treasury benches
Sindh Youth Affairs Minister Faisal Sabzwari the Muttahida Qaumi Movement (MQM), exercising caution, is quitting the federal cabinet; not the treasury benches, Geo News reported Monday. Talking to Geo News, Sabzwari said MQM did not want to enervate the government; accordingly, it will quit federal cabinet, as staying in these ‘useless' ministries will entail them nothing, adding MQM could not do anything for the welfare and well being of the people while staying in the ministries. more... (TN)

Key witness of BB murder probe leaves country
A key witness of former Prime Minister Benazir Bhutto's assassination probe, Dr musadiq left for USA without the Government permission, sources told DawnNews on Monday. Dr Musadiq was the principal of Rawalpindi Medical College, who examined the wound of Benazir Bhutto when brought to the general hospital on Decemeber 27, 2007. more... (D)

Malik hopes to resolve political crisis amid MQM exit
Interior Minister Rehman Malik on Monday expressed the hope that the political crisis raised after the MQM's decision to quit the federal cabinet would be resolved. Malik who rushed to Karachi late Monday night said that President Asif Ali Zardari was in contact with the leadership of the coalition partners. more... (D)







Sector Briefing

Rs7.5bn pact for 106MW JV inked
An agreement worth Rs7.52 billion was signed between Pakistan Water & Power Development Authority (WAPDA) and SAMBU-SARCO joint venture comprising a Korean and a Pakistani firm, here at Wapda House for Lot-II of 106-MW Golen Gol Hydropower Project. General Manager (North) Projects Fazl-e-Mabood and SAMBU Board of Representatives Chairman Oh Sung Hoon signed the agreement. Golen Gol Lot-II involves construction of diversion weir, intake, gravel trap, sand trap, headrace tunnel, pressure shaft, pressure tunnel and roads. more... (TFD)

Fertiliser sales up 38pc in Nov YoY
Fertiliser offtake depicted a surge of 37.8 cent YoY in November 2010 to 1.21 million tonnes compared with 877k tonnes in same period last year mainly due to dealers pileup inventories on expectation of RGST on fertiliser, and growing demand of farmers as water recede, revealed the recent data of National Fertilizer Development Centre (NDFC). more... (TFD)

Rules violation: OGDCL set to propose hefty pay for MD, 2 GMs
The Oil and Gas Development Company Limited (OGDCL) management is reportedly set to propose to its Board of Directors (BoDs) to grant approval for Rs 1.6 million per month salary for its Managing Director and Rs 0.8 million per month for two General Managers (GMs) in violation of rules and regulations. more... (BR)


KSE Notices

Arif Habib Investments Limited
The Company announced the interim distribution of bonus of 0.54 per unit on Pakistan Income Enhancement Fund 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.