Jan 12, 2011
KSE-100 Index
Previous Index 12,306.70
Current Index 12,267.21
Change % -0.32%
YTD (CY11) 30.68%
YTD (FY11) 26.18%

International Indicators
  Close %age
BSE-30 19,196.34 -0.14
HANGSENG 23,760.00 1.00
NIKKEI 255 10,510.68 -0.30
FTSE 6,014.03 1.00
DJIA 11,671.88 0.30
SSEC 2,805.40 0.48
NASDAQ 2,716.83 0.33
TASI 6,701.28 0.50
KSE(Kuwait) 6,950.60 0.05
BSE 1,424.88 -0.27
MSM 6,918.59 0.02

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 111.12
PKR/GBP 133.63
PKR/USD 85.85
PKR/OMR 222.72

Oil $91.19/barrel
Change in % 2.15
Gold $1,384.5/ounce
Change in % 0.61

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 11, 2011
Funds Offer Redemption
POAIIF 52.2337/- 51.7114/-
Daily Return 9.61%
POIAAF 62.75/- 61.18/-
Daily Return 11.94%
POAAAF 60.61/- 59.09/-
Daily Return 30.91%
POAF 10.53/-
Daily Return 12.13%
*Daily Returns are calculated as per MUFAP guidelines

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

Fiscal policy, taxation issues: Board to be set up
The Ministry of Finance has agreed with the proposal of the Tax Reform Co-ordination Group (TRCG) to create a Fiscal Policy Board to be headed by the Finance Minister under the reform plan to exclusively deal with the fiscal policy and taxation issues under the umbrella of the proposed fiscal board. more... (BR)

December CPI up 15.68pc YoY
Country's consumer price index (CPI) rose 15.68 per cent in December from a year ago, the Federal Bureau of Statistics said on Tuesday. The monthly Consumer Price Index (CPI) during the month of December registered a decline of 0.31 per cent compared to previous month of current financial year where it rose 1.52 per cent. more... (TFD)

16.8 percent rise in July-December remittances
Remittances sent home by overseas Pakistanis continued to show rising trend as $5,291.41 million was received in the first half of the current fiscal year 2010-11(July-December), showing an increase of $761.23 million, or 16.80 percent, when compared with $4,530.18 million received during the same period of last fiscal year. more... (BR)






Sharif says he was not consulted
The party's chief, Mian Nawaz Sharif, said he and his party had no objection to the appointment. But, he added, the government had not consulted his party on the issue. “There was nothing wrong if we had been consulted,” Mr Sharif said in an interview with a private TV channel. more... (D)

Change of guard: Latif Khosa appointed new governor of Punjab

After days of guessing and speculation , President Asif Ali Zardari announced on Tuesday the appointment of Sardar Muhammad Latif Khosa, an influential lawyer, as the new governor of Punjab. Khosa will replace Salmaan Taseer, who was gunned down on January 4 by one of his own security guards incensed by his statements against the controversial blasphemy laws. more... (D)

NICL land scam: Moonis Elahi told to appear before FIA
The Federal Investigation Agency (FIA) has directed Moonis Elahi, the son of former chief minister Punjab Chaudhry Pervaiz Elahi, to appear before its investigators on Wednesday (today), regarding his alleged involvement in the multi-billion-rupee National Insurance Company (NICL) land scam – failing which arrest warrants will be issued against him. more... (D)






Sector Briefing

Exports register 35.9 percent growth in December
D Pakistan's exports witnessed a growth of 35.9 percent to US $2.127 billion in December 2010 as compared to last corresponding period. According to details, the country's exports during December 2010 were valued at US $2.127 billion, which is 35.9 percent higher than US $1.566 billion during December 2009. more... (BR)

PSO clarification
Apropos news item titled "PSO approaches NICL for insurance cover imports" appearing in Business Recorder January 11, 2011, Pakistan State Oil (PSO) is always keen to strengthen company's controls and security system upto global best practices, however, the proposal of obtaining the insurance coverage for oil spill is at initial stage and being analysed for its costs and benefits. more... (BR)

July-December trade deficit soars to $8.149 billion
The country's trade deficit soared to $8.149 billion in July-December 2010, 18.20 percent up over $6.89 billion for the same period of last year, according to the Federal Bureau of Statistics (FBS). Official trade figures released by the FBS here on Tuesday showed an increase in exports of 20.63 percent for the same period which analysts say could be largely because of per unit price increase instead of increase in the quantity. more... (BR)


KSE Notices

Nadeem Textile Mills Limited
The Board of Nadeem Textile Mils Limited has revealed the financial performance for the quarter ended Sep 30, 2010. The company has reporting a profit after tax of PKR 182.35mn (EPS: PKR 15.18). 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.