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Jan 17, 2011
 
Statistics
KSE-100 Index
Previous Index 12,459.44
Current Index 12,533.54
Change % 0.59%
YTD (CY11) 33.52%
YTD (FY11) 28.92%

International Indicators
  Close %age
BSE-30 18,860.44 -1.68
HANGSENG 24,283.23 0.18
NIKKEI 255 10,499.04 -0.90
FTSE 6,002.07 -0.40
DJIA 11,787.38 0.47
SSEC 2,805.40 0.48
NASDAQ 2,755.30 0.73
TASI 6,788.42 0.14
KSE(Kuwait) 6,920.60 -0.03
BSE 1,436.19 0.32
MSM 7,032.23 0.07

SCRA
Jan 14, 2011 16.38
Jan, 2011 13.10
YTD (FY11) mn 208.49

Money Market Updates
6m T-bill 12-Jan-11 13.37%
12m T-bil 12-Jan-11 13.50%
3m KIBOR 13.59%
6m KIBOR 13.76%
10 yrs PIB 14.27%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.50
PKR/GBP 135.77
PKR/USD 85.73
PKR/OMR 221.65

Commodities
Oil $91.18/barrel
Change in % 0.08
Gold $1,363.4/ounce
Change in % -0.93

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 14, 2011
Funds Offer Redemption
POAIIF 52.2730/- 51.7503/-
Daily Return 9.53%
POIAAF 64.80/- 63.18/-
Daily Return 587.01%
POAAAF 62.18/- 60.63/-
Daily Return 481.47%
POAF 10.54/-
Daily Return 12.49%
*Daily Returns are calculated as per MUFAP guidelines

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

Domestic debt crosses Rs five trillion mark
The country's total stocks of domestic debt and liabilities crossed Rs 5 trillion mark for the first time due to significant rise in fiscal deficit and slow foreign inflows. The State Bank of Pakistan (SBP) said on Saturday that the country's overall stocks of domestic debts and liabilities, comprising permanent debt, floating debt, un-funded debt and foreign currency loan, had registered a growth of 6 percent during the first quarter (July-Sep) of current fiscal year 2010-11. more... (BR)

Bank deposits swell to Rs5.1tn
State Bank of Pakistan has released the combined balance sheet of all scheduled banks in Pakistan as of December 31, 2010 which was the last weekend of the outgoing year. According to the data, total deposits in the CY10 (January to December), increased by 18.5 per cent to Rs5.12 trillion as compared to Rs4.3 trillion at the beginning of year 2010. more... (TFD)

Illegal appointments of officials: OGDC management, directors to face National Assembly body's wrath today
The Oil and Gas Development Company Limited (OGDC) and its Board of Directors will come under fire for not complying with orders of National Assembly Standing Committee on Petroleum and Natural Resources scheduled to meet on Monday to fire those officials who had been illegally appointed on key posts on lucrative packages in violation of rules and regulations, Business Recorder has learnt. more... (BR)

 

 

 


Politics

Karachi violence: ‘Semi curfew' to be imposed for search operations
Confusion prevailed after authorities talked about slapping a ‘semi-curfew' ahead of launching search operations in volatile areas of Karachi to curb rising violence . However, no timeframe was given for any police action. more... (ET)

Economy is being revived: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Saturday said that economy was being revived, saying that it has already made a moderate recovery in 2010 helped by supportive monetary and fiscal policies. Addressing certificate distribution ceremony of the participants of the 8th Senior Management Course and the 93rd National Management Course at National School of Public Policy here the prime minister said that the GDP growth had risen from 1.2 percent to 4.1 percent in 2010. more... (BR)

Economic situation: Prime Minister to call special cabinet meeting
Prime Minister Syed Yousuf Raza Gilani has decided to convene a special cabinet meeting to discuss the country's deteriorating economic situation, which will be attended by the parliamentary leaders of all political parties, well-informed sources told Business Recorder. more... (BR)

Country in a state of financial emergency: FBR chief

Federal Board of Revenue (FBR) Chairman Salman Siddique has said that the government is facing serious financial crises and it is not in a position to give any industrial relief package. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) and later talking to newsmen the other day, he said that the country is in a state of financial emergency. more... (BR)

 

 

 

 

 

Sector Briefing

3.5 percent WHT levy: Ginners decide to stop buying phutti
The Pakistan Cotton Ginners Association (PCGA) has unanimously decided to stop buying phutti (seed-cotton) from Monday, January 17, 2011 as a protest against levy of 3.5 percent withholding tax on the purchase of raw material from middlemen. more... (BR)

Awan blamed for Rs26bn power plant loss
Federal Law Minister Babar Awan may have caused a loss of over Rs26 billion to the national exchequer by delaying legal opinion for close to one year on sovereign guarantees for 425MW Nandipur power plant. more... (D)

Qamar to act as NBP President
The Ministry of Finance has announced the appointment of Qamar Hussain, Chief Operating Officer, NBP, as President, National Bank of Pakistan, on 'acting charge basis', with immediate effect, through a notification issued on Sunday. Qamar Hussain, prior to joining NBP in 2009, had worked with American Express Bank as Senior Director, Global Credit, New York, and earlier as Country Manager, Bangladesh. more... (BR)

 

KSE Notices
 
 

Attock Petroleum Limited
The Board of Directors meeting of the company will be held on January 28, 2011 to discuss the financial accounts for half year ended Dec 31, 2010. 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.