Jan 03, 2011
KSE-100 Index
Previous Index 12,031.46
Current Index 12,022.46
Change % -0.07%
YTD (CY10) 28.07%
YTD (FY11) 23.66%

International Indicators
  Close %age
BSE-30 20,509.09 0.59
HANGSENG 23,035.45 0.16
NIKKEI 255 10,228.92 -1.10
FTSE 5,899.94 -1.20
DJIA 11,577.51 0.07
SSEC 2,808.08 1.16
NASDAQ 2,652.87 -0.38
TASI 6,665.44 0.17
KSE(Kuwait) 6,955.50 -0.10
BSE 1,432.26 0.33
MSM 6,805.77 0.75

Dec 31, 2010 2.15
Dec, 2010 32.67
YTD (FY11) mn 195.39

Money Market Updates
6m T-bill 29-Dec-10 13.41%
12m T-bil 29-Dec-10 13.73%
3m KIBOR 13.46%
6m KIBOR 13.62%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.19
PKR/GBP 132.65
PKR/USD 85.80
PKR/OMR 220.22

Oil $91.71/barrel
Change in % 2.40
Gold $1,416.8/ounce
Change in % 0.65

CPI Gen. - YoY (Nov-10) 15.5%
CPI Gen. - FY11 (Jul- Nov 10) 14.4%
NFNE Core INFL - YoY (Nov 10) 9.5%
NFNE Core INFL - FY11 (Jul- Nov 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 31, 2010
Funds Offer Redemption
POAIIF 52.0807/- 51.5599/-
Daily Return 8.87%
POIAAF 61.23/- 59.70/-
Daily Return 24.47%
POAAAF 59.63/- 58.14/-
Daily Return 62.89%
POAF 10.49/-
Daily Return 7.96%
*Daily Returns are calculated as per MUFAP guidelines

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

Foreign portfolio up at $2.9bn
Total Investment value of foreign portfolio significantly hiked by 53.2 per cent or $1.02 billion to $2.93 billion at the end of year 2010 against $1.92 billion witnessed on year-end 2009. Rise in portfolio investment in CY10 driven by fresh investment of $522 million and value of equity appreciation of around $490 million. more... (BR)

Surge in POL prices: transporters announce 10 percent raise in fares
Thousands of the daily commuters have been directly hit hard by the unbridled transporters falling beyond the control of the authorities concerned, since the private bus and wagon owners have announced 10 per cent increase in fares across the country on Saturday after steep rise in the petroleum prices. more... (TFD)

‘Power crisis breathing last'
Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said that work on various power generation projects, including Thar coal project has been started. Talking to the media after attending a ceremony here n Sunday, he said after the completion of these projects more... (TFD)

Phenomenal increase in oil prices

The government on Friday dropped 'oil bombshell' on the masses on New Year eve by increasing oil prices upto Rs 7.69 per liter effective Saturday, January 1. The overall increase ranges between 5.4 to 9.2 percent. The government has raised price of petrol by Rs 6.71 per liter, HOBC by Rs 7.69 per liter, kerosene oil by Rs 4.04 per liter, High Speed Diesel (HSD) by Rs 4.25 per liter and LDO by Rs 4.36 per liter. more... (BR)







Government not falling, says Gilani
Prime Minister Yousuf Raza Gilani on Sunday tried to appear confident and calm after the MQM's announcement to join opposition in the Parliament. Prime Minister told journalists in Lahore, "The government is not going to fall." "I was unanimously elected, all parties voted for me in national assembly. We have contacts with all parties," Gilani said. more... (BR)

Public rally: Imran threatens civil disobedience
Tehreek-e-Insaaf chief Imran Khan has threatened that his party will launch a ‘civil disobedience' movement, if the incumbent rulers did not mend their ways. Speaking to a mammoth public rally in Rawalpindi, the cricketer-turned-politician called upon people to support his party as the PPP-led government has failed to steer the country out of crises. more... (ET)

MQM to join opposition in NA and Senate
Immediately after the Muttahida Qaumi Movement announced its decision to withdraw its parliamentary support for the politically besieged Pakistan People's Party government at the centre, its London-based chief Altaf Hussain called PML-Q leaders Chaudhry Shujaat Hussain and Chaudhry Pervaiz Elahi, PML-F chief Pir Pagara and Jamiat Ulema-i-Islam leader Maulana Abdul Ghafoor Hyderi to brief them on his party's decision and “discuss the overall political situation”. more... (D)








Sector Briefing

Power sector's payables cross Rs275bn mark
The power sector's payables have crossed the Rs275 billion mark with gas utilities and the Federal Board of Revenue facing the blame for ‘discriminatory' reduction in gas supply and non-payment of tax refunds, resulting in continued increase in electricity tariffs and growing cash flow problems. more... (D)

Petroleum products: 'fresh increase to prove catastrophic for economy'
New hike in Petroleum products would drastically increase the cost of production of exportable goods which would become unacceptable to foreign buyers. This will create multiple problems for overall economy and badly hit particularly the industrial sectors apart from adding untold miseries to the common man, said Wasim Latif, Chairman and Adil Manzoor Ellahi, Vice Chairman Pakistan Textile Exporters Association(PTEA) while talking to newsmen. more... (BR)

PEW proposes alternate energy development ministry
The Pakistan Economy Watch (PEW) on Sunday proposed a ministry for development of alternate energy in Pakistan. Alternative Energy Development Board (AEDB), staffed with around 100 people and a budget of mere 61.6 million leaves much to be desired, it said. more... (BR)



KSE Notices

JS Global Capital Limited
The company's CEO Mr. Nadir Rahman have resigned with effect from Jan 1, 2010 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.