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Jan 14, 2011
 
Statistics
KSE-100 Index
Previous Index 12,281.24
Current Index 12,459.44
Change % 1.45%
YTD (CY11) 32.74%
YTD (FY11) 28.15%

International Indicators
  Close %age
BSE-30 19,182.82 -1.80
HANGSENG 24,238.98 0.47
NIKKEI 255 10,589.76 0.70
FTSE 6,023.88 -0.40
DJIA 11,731.90 -0.20
SSEC 2,805.40 0.48
NASDAQ 2,735.29 -0.07
TASI 6,717.18 0.24
KSE(Kuwait) 6,936.30 -0.17
BSE 1,431.54 0.34
MSM 7,026.94 0.62

SCRA
Jan 12, 2011 2.28
Jan, 2011 -8.22
YTD (FY11) mn 187.17

Money Market Updates
6m T-bill 12-Jan-11 13.37%
12m T-bil 12-Jan-11 13.50%
3m KIBOR 13.57%
6m KIBOR 13.74%
10 yrs PIB 14.27%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 112.38
PKR/GBP 135.02
PKR/USD 85.80
PKR/OMR 221.65

Commodities
Oil $91.1/barrel
Change in % -0.89
Gold $1,376.2/ounce
Change in % -0.70

Inflation
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 174.86mn
US$ Reserves (Jan 8, 2011) $17.09 bn
Trade Balance Jul - Dec $(8.15)bn
Curr. A/C (Jul-Nov-10) $(504)mn
Remittances (July - Dec 10) $5.29bn
Foreign Investment (Jul - Dec 10) $746mn
All Sch. Banks Deposit Base (Nov 19, 2010) Rs679.65bn

NAVs and Returns
as of Jan 13, 2011
Funds Offer Redemption
POAIIF 52.2600/- 51.7374/-
Daily Return 9.61%
POIAAF 63.77/- 62.18/-
Daily Return 469.70%
POAAAF 61.37/- 59.84/-
Daily Return 438.27%
POAF 10.54/-
Daily Return 49.99%
*Daily Returns are calculated as per MUFAP guidelines

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

World Bank sees 2008 risks for global economy
The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to be a year of deceleration. more... (BR)

July-November LSM growth posts two percent decline
Large Scale Manufacturing (LSM) growth posted a decline of over 2 percent in first five months of current fiscal year due to high interest rate and slow consumption on domestic front. LSM had posted a modest recovery and registered some 5 percent growth during the last fiscal year. The recovery was attributed to the re-entry of commercial banks in consumer financing and rising global demand. more... (BR)

Railway fare hike on cards
The finance ministry has allowed the railways to increase passenger fares by 10 to 25 per cent and freight charges by 30 per cent. “The fares will be increased in about 10 days,” officials said here on Thursday. The fares of all classes in passenger trains will rise by 10 per cent, for inter-city trains by 15 per cent, express trains 20 per cent and non-stop trains 25 per cent. more... (D)

 

 

 

 

 


Politics

Forming the election commission: JUI-F to represent govt in key parliamentary panel
Despite p arting ways from the ruling coalition , a key leader of Maulana Fazlur Rehman's faction of the Jamiat Ulema-e-Islam will be representing the treasury benches in an important parliamentary panel for the appointment of members of the election commission. more... (ET)

Obama to meet Zardari today

President Barack Obama will meet President Asif Ali Zardari at the White House on Friday amid growing US pressure for Islamabad to step up its fight against Islamic militants. Zardari will be in Washington to attend a memorial service on Friday for veteran diplomat Richard Holbrooke, Obama's envoy for Afghanistan and Pakistan. Holbrooke died last month. more... (BR)

Transparency issue: Tareen assails Reko Diq deal
Former finance minister Shaukat Tareen has said that it was unfortunate that the Reko Diq deal wasn't transparent. In a special interview with Daily Express he said that Reko Diq has one of the largest reserves of gold and copper in the world. more... (ET)

 

 

 

 

 

Sector Briefing

Fuel shortage: PSO restores oil supply to railways
Pakistan State Oil (PSO) has decided to restore the fuel supply to Pakistan Railways despite a pending payment of Rs750 million, The Express Tribune learnt on good authority on Thursday. Sources in PSO said that cheques given by PR have consistently been dishonoured. more... (ET)

Power firm told to refund Rs780 million
The Supreme Court on Thursday ordered Techno Energy, a Sialkot-based firm, to refund an advance mobilisation fund of Rs780 million along with mark-up by Friday for its failure to import machinery for a 150MW rental power project despite keeping the amount for over two years. more... (D)

Bhasha Dam: ECC allows Wapda to raise Rs 20 billion
The Economic Co-ordination Committee (ECC) of the Cabinet, which met here on Thursday with Federal Minister for Finance Dr Abdul Hafeez Sheikh in the chair, allowed Wapda to raise Rs 20 billion for the Diamer Bhasha Dam project from the open market. more... (BR)

 

KSE Notices
 
 

Pakistan Tobacco Company Limited
The Board of Directors of the company will be held on January 2, 2011 to discuss the approval of company plan 2011. more... (KSE)

 

 

 

(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
Separator
Disclaimer:
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.