Jan 05, 2011
KSE-100 Index
Previous Index 11,849.46
Current Index 12,110.26
Change % 2.20%
YTD (CY10) 29.01%
YTD (FY11) 24.56%

International Indicators
  Close %age
BSE-30 20,498.72 -0.30
HANGSENG 23,668.48 0.99
NIKKEI 255 10,398.10 1.65
FTSE 6,028.56 2.18
DJIA 11,673.93 0.02
SSEC 2,852.65 1.58
NASDAQ 2,691.52 1.46
TASI 6,699.96 0.35
KSE(Kuwait) 6,974.10 0.38
BSE 1,423.26 -0.32
MSM 6,867.73 0.60

Jan 0 1, 2010 3.58
Jan, 2011 3.58
YTD (FY11) mn 198.98

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 14.31%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.63
PKR/GBP 133.0
PKR/USD 85.95
PKR/OMR 220.69

Oil $89.34/barrel
Change in % -2.45
Gold $1,383.6/ounce
Change in % -2.33

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 4, 2011
Funds Offer Redemption
POAIIF 52.1404/- 51.6190/-
Daily Return 9.40%
POIAAF 61.94/- 60.39/-
Daily Return 733.70%
POAAAF 59.98/- 58.48/-
Daily Return 583.39%
POAF 10.50/-
Daily Return -5.74%
*Daily Returns are calculated as per MUFAP guidelines

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

Govt not buying BP asset, SC told
Counsel for the Oil and Gas Development Company Limited and Pakistan Petroleum Limited apprised the Supreme Court of Pakistan here Tuesday that the government had no intention to purchase $800 million assets of the British Petroleum. They assured the court that their clients would not buy the assets at higher prices as their bidding was already low, which had not been entertained. more... (TFD)

Finance ministry yet to release Rs7b export surcharge
The Trade Development Authority of Pakistan (TDAP) is awaiting the release of export development surcharge to the tune of Rs7 billion held up by the Ministry of Finance, stated TDAP Chief Executive Tariq Iqbal Puri. more... (ET)

Licence for LNG terminal at PQA: PGL provided misleading information to Ogra
Pakistan GasPort Limited (PGL) has reportedly provided misleading information to the Oil and Gas Regulatory Authority (Ogra) to get the licence of LNG terminal at Port Qasim Authority (PQA) that would jeopardise LNG Mashal project by using public sector companies network, Business Recorder has learnt. more... (BR)

Dec CPI may touch 17.1pc

The disruption in supply of food chain along with increasing commodity prices is expected to cause December 2010 consumer price index (CPI) inflation to jump at 17.1 per cent YoY, pushing MoM CPI inflation to 0.93 per cent. Perishable foods items i.e. tomatoes, egg, vegetable ghee prices increased 98.6, 5.64 and 3.13 per cent MoM along with that of non-perishable food items i.e. wheat & rice prices hiked 0.53 and 0.57 per cent MoM. more... (TFD)







Punjab governor assassinated
Punjab Governor Salmaan Taseer was gunned down by an official of Elite Force in his security squad, at Kohsar Market, F-6 sector in the Red Zone on Tuesday. The assailant opened fire with an AK-47 assault rifle, piercing Taseer's body including face, chest, lower abdomen and legs, with 22 bullets. Five people were injured when other cops of Taseer's security team responded to the attack on Governor, police sources said. more... (BR)

More pressure: Nawaz Sharif gives government ultimatum

In what is being seen to be more a rhetorical lashing than anything else, the Pakistan Muslim League-Nawaz (PML-N) has given the already besieged PPP-led government an ultimatum following a key meeting of the party's central leadership in Islamabad on Tuesday. more... (D)

US says Taseer's killing a 'great loss'
The United States said Tuesday that the assassination of the governor of Punjab province, Salmaan Taseer, was a "great loss" because he was trying to stabilise his country. US Secretary of State Hillary Clinton will offer Washington's condolences to Hussain Haqqani, the Pakistani ambassador to Washington, when she meets him later Tuesday, State Department spokesman Philip Crowley told reporters. more... (BR)








Sector Briefing

Onion export: Government bans trade via land route
The federal government has decided to ban the export of onions via land route in an attempt to stabilise prices in the domestic market. According to an official of the federal food ministry, exporters have been informed about the decision before hand and a notification will soon be issued. more... (ET)

Rs32m fraud unearthed at PSO
A scam amounting to Rs32 million has been uncovered at the Pakistan State Oil (PSO), the country's biggest oil marketing company. “A first information report was registered against one accused on Friday.”more... (ET)

Hike in POL prices: APCNGA stages protest demonstration
All-Pakistan CNG Association (APCNGA) staged a protest demonstration and a sit-in in front of the Multan Press Club on Tuesday against recent increase in petroleum products' prices and gas loadshedding for domestic consumers and filling stations. In a statement released here on Tuesday, the APCNGA's spokesman said everyone knew that there was no scarcity of natural gas, but the government's policy of changing priority in gas supply had resulted in destruction of the system. more... (BR)



KSE Notices

Hussein Sugar Mills Limited
The company announced the financial results of the year ended Sep 30, 2010 with LAT: PKR170.93bn EPS:PKR 14.13 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.