Jan 04, 2011
KSE-100 Index
Previous Index 12,022.46
Current Index 11,849.46
Change % -1.44%
YTD (CY10) 26.23%
YTD (FY11) 21.88%

International Indicators
  Close %age
BSE-30 20,561.05 0.25
HANGSENG 23,436.05 1.74
NIKKEI 255 10,228.92 1.10
FTSE 5,899.94 1.20
DJIA 11,670.75 0.81
SSEC 2,808.08 1.16
NASDAQ 2,691.52 1.46
TASI 6,676.66 0.17
KSE(Kuwait) 6,947.60 -0.11
BSE 1,427.85 -0.31
MSM 6,827.02 0.31

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 13.64%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.87
PKR/GBP 133.2
PKR/USD 85.7
PKR/OMR 220.69

Oil $91.59/barrel
Change in % -0.13
Gold $1,416.7/ounce
Change in % -0.01

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 Jan 3, 2011
Funds Offer Redemption
POAIIF 52.1276/- 51.6063/-
Daily Return 11.57%
POIAAF 60.72/- 59.20/-
Daily Return -101.90%
POAAAF 59.04/- 57.56/-
Daily Return -121.37%
POAF 10.50/-
Daily Return 14.53%
*Daily Returns are calculated as per MUFAP guidelines

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

Withdrawal of hike in POL prices being contemplated
The Ministry of Petroleum and Natural Resources has been asked to move a summary to the prime minister, recommending the withdrawal of recent hike in prices of petroleum products, according to a private TV channel. more... (BR)

A novel approach to FDI statistics
The federal government is said to have taken a novel approach to foreign direct investment (FDI) statistics by including capital imports in its calculation, sources in Board of Investment exclusively told Business Recorder . They said that the BoI will reportedly include the purchase of a new Airblue aircraft worth $60 million as FDI. more... (BR)

Sindh Bank to disburse loans worth Rs12b in 2011
Briefing the bank's board of directors at the Chief Minister's House on Monday, he said that it had been agreed that every small-scale factory availing Rs10 million loan will hire at least five employees, consequently generating livelihood for the people. more... (ET)

Nepra raises 4 Discos' tariffs
The National Electric Power Regulatory Authority (Nepra) has increased power tariff of Hyderabad Electric Supply Company (Hesco) by Rs 1.75 per unit for domestic consumers. Those who use 101-300 units in a month will pay Rs 12.75 per unit against Rs 11 per unit. more... (BR)








Desperate PM seeks lifeline from ‘N' & ‘Q'
The Pakistan People's Party (PPP) government has been given some breathing space as the Nawaz League is reluctant to commit to a role in the move to oust Prime Minister Yousuf Raza Gilani. more... (D)

PPP links fate of LB system to MQM's return

The Pakistan People's Party has decided to table in the Sindh Assembly a bill seeking to replace the local bodies with the commissionerate system if the Muttahida Qaumi Movement does not return to the ruling coalition. more... (D)

MQM's decision about Sindh govt in a few days '
After quitting the coalition at the centre, the Muttahida Qaumi Movement is now giving “very serious consideration” to the option of leaving the Sindh government and a decision in this regard is expected in a few days. On the other hand, the Pakistan People's Party believes that a decision by the MQM to sit on the opposition benches in the Sindh assembly would have no effect on its government, but at the same time it hopes that the ally will remain with it. more... (D)








Sector Briefing

Ending POL levy to cost govt Rs5bn
Minister for Petroleum and Natural Resources Naveed Qamar said on Monday that withdrawal of petroleum levy would impact economy by Rs5 billion. Speaking in the National Assembly on petroleum prices, Naveed said, “the House is sovereign and it can impose or remove any tax.” The petroleum levy was also approved by the previous parliament, he said. However, he added that earlier the tax was not fixed but during the 2009 budget it was fixed by the parliament and Rs 8 per litre was being charged on diesel and Rs10 on petrol under the head. more... (TFD)

Cement sales fall 7pc in December
Country's cement offtake continue their decline in the month of December as it fell by 6.9 per cent YoY to 2.49 million tonnes against 2.68 million tonnes in the same period last year due to winter session and higher cement prices. According to the data released by All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches declined 5.2 per cent to 1.79 million tonnes against 1.88 million tonnes previously. more... (BR)

Failure to take timely decision: power projects not progressing smoothly
Dozens of hydropower projects, independent power producers (IPPs) and controversial rental power plants (RPPs) are not progressing according to schedule due to failure to take timely decisions by the Ministry of Water and Power and its attached organisations, including Water and Power Development Authority (Wapda), Pakistan Electric Power Company (Pepco) and the Private Power Infrastructure Board (PPIB). more... (BR)



KSE Notices

JWD Sugar Mills Limited
The company announced the financial results of the year ended Sep 30, 2010 with PAT: PKR1.24bn EPS:PKR 28.20 Dividend PKR7.00 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.