Jan 11, 2011
KSE-100 Index
Previous Index 12,389.04
Current Index 12,306.70
Change % -0.66%
YTD (CY11) 2.37%
YTD (FY11) 26.59%

International Indicators
  Close %age
BSE-30 19,224.12 -2.38
HANGSENG 23,527.26 -0.97
NIKKEI 255 10,541.04 0.42
FTSE 5,956.30 -0.50
DJIA 11,637.45 -0.32
SSEC 2,791.81 -1.65
NASDAQ 2,707.80 0.17
TASI 6,668.13 -0.82
KSE(Kuwait) 6,946.90 -0.28
BSE 1,428.70 +0.01
MSM 6,916.95 -0.47

Jan 07, 2011 -0.40
Jan, 2011 -37.13
YTD (FY11) mn 158.27

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 110.46
PKR/GBP 133.34
PKR/USD 85.80
PKR/OMR 222.72

Oil $89.27/barrel
Change in % 0.10
Gold $1,376/ounce
Change in % 0.40

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 07, 2011
Funds Offer Redemption
POAIIF 52.2206/- 51.6984/-
Daily Return 4.85%
POIAAF 62.73/- 61.16/-
Daily Return 15.94%
POAAAF 60.56/- 59.05/-
Daily Return 18.58%
POAF 10.52/-
Daily Return 1.40%
*Daily Returns are calculated as per MUFAP guidelines

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

Zardari assures Sri Lanka of providing cement, sugar plants on credit
President Asif Ali Zardari on Monday assured Sri Lanka of providing soft term credit facility for the export of Pakistani cement and sugar plants to it. He was talking to a Sri Lankan parliamentary delegation headed by Speaker of Parliament . more... (BR)

Overdraft from SBP: Federal government breaches limit
The federal government, and not the provinces, has breached the limit of borrowing from the State Bank of Pakistan (SBP) as balances of all provincial governments are in credit, except Punjab government which has also borrowed half of the allowed overdraft limit, an official said. He said that Punjab government has borrowed Rs 18.74 billion from the State Bank of Pakistan by January 7, against the allowed overdraft limit of Rs 37.20. more... (BR)

Short-term revenue generation measures: gross asset tax may be the solution
One of the short-term revenue generation measures could be gross asset tax to be levied on company's gross assets, on the basis of their balance sheets. Analysts told Business Recorder on Monday that there is an immediate need to generate additional revenue on short-term basis. The FBR has the option to examine the repealed taxes or rescinded levies imposed in the past on one-time basis. more... (BR)


10-point agenda No deadline, says Sharif
PML-N Quaid Mian Nawaz Sharif forming a 4-member committee to overlook the implementation of 10-point agenda by the government in 45-day said that he had given no ultimatum to the government, adding his party does not believe in politics of blackmailing and horse trading. Addressing a press conference here on Monday after meeting of the party Nawaz Sharif said that a four member committee has been constituted which would be headed by Senator Ishaq Dar and would consist of members Sardar Mehtab, Pervez Rashid and Abdul Qadir Baloch.more... (FD)

Bilawal vows to protect minorities after Taseer killing

“Those who wish to harm you for a crime you did not commit will have to go through me first,” Bilawal said. .more... (D)

PML-N's reservations put on hold Khosa's appointment
Prime Minister Yousuf Raza Gilani is reported to have withheld an advice he had decided to forward to the president for the appointment of Sardar Latif Khosa as Punjab governor following strong opposition from PML-N chief Nawaz Sharif. more... (D)




Sector Briefing

SSGC determined to normalise gas supply to KESC: MD
Despite acute shortage of natural gas, the Sui Southern Gas Company (SSGC) remains committed towards providing maximum supply of gas to Karachi Electric Supply Company (KESC). This was stated by Dr Faizullah Abbasi, MD, SSGC, while briefing media in his office here on Monday in the wake of the company's decision to curtail, as a last resort, regular supply of gas from 60mmcfd to 30mmcfd to its largest bulk customer, KESC. . more... (BR)

Oil sales up 11pc in Dec
Petroleum products consumption recorded a double-digit growth as it increased 11 per cent on Year-on-Year basis, unfolded by the latest OCAC data for the month of December. more... (TFD)

Electricity shortfall at new peak
The country's overall power shortage in peak hours has exceeded 4,770MW, causing an average loadshedding of over 10 hours, mainly because of closure of 24 thermal power plants and a substantial reduction in hydropower generation.. more... (D)


KSE Notices

Abdullah Shah Ghazi Sugar Mills Limited
The Board of Abdullah Shah Ghazi Sugar Mils Limited has revealed the financial performance for the year ended Sep 30, 2010. The company has reporting a profit after tax of PKR 41.74mn (EPS: PKR 0.56). 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.