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Jan 18, 2011
 
Statistics
KSE-100 Index
Previous Index 12,533.54
Current Index 12,681.94
Change % 1.18%
YTD (CY11) 33.09%
YTD (FY11) 30.44%

International Indicators
  Close %age
BSE-30 18,882.25 -0.12
HANGSENG 24,156.97 -0.52
NIKKEI 255 10,502.86 0.04
FTSE 5,985.70 -0.27
DJIA 11,787.38 0.47
SSEC 2,805.40 0.48
NASDAQ 2,755.30 0.73
TASI 6,768.24 -0.30
KSE(Kuwait) 6,915.00 -0.11
BSE 1,431.70 -0.31
MSM 7,021.69 -0.08

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 13.74%
10 yrs PIB 14.27%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.08
PKR/GBP 135.61
PKR/USD 85.64
PKR/OMR 221.65

Commodities
Oil $91.07/barrel
Change in % -0.12
Gold $1,365/ounce
Change in % 0.12

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 17, 2011
Funds Offer Redemption
POAIIF 52.3045/- 51.7815/-
Daily Return 7.68%
POIAAF 65.49/- 63.85/-
Daily Return 129.02%
POAAAF 62.63/- 61.06/-
Daily Return 86.29%
POAF 10.56/-
Daily Return 22.85%
*Daily Returns are calculated as per MUFAP guidelines

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

Rs 647.9 billion budgetary target: Rs 393.55 billion sales tax needed in second-half
The Federal Board of Revenue (FBR) has to collect Rs 393.55 billion sales tax in the second half (January-June) 2010-11 to meet the budgetary target of Rs 647.900 billion for current fiscal year. Sources told Business Recorder here on Monday that the provisional sales tax collection stood at Rs 281.350 billion during the first half of (July-December) 2010-11 against annual sales tax target of Rs 647.900 billion. more... (BR)

‘No credit facilities for middle class'
Commercial banks are focused on lending to the relatively affluent while microfinance institutions are catering to individuals whose incomes are at or close to the poverty line. According to Pakistan Microfinance Network (PMN) President Syed Mohsin Ahmed, no one is willing to provide basic services such as loans and credit facilities to people belonging to the lower middle socio-economic sections. more... (ET)

Economy to be back on track soon: Shaikh
Finance Minister Dr Abdul Hafeez Shaikh has expressed confidence that Pakistan's economy would be back on track soon, despite the recent floods that hampered government's efforts to deal with the slowdown. more... (ET)

 

 

 


Politics

PML-N reorganisation: Fourth deadline expires
The Pakistan Muslim League-Nawaz (PML-N) has recently emerged strong enough to force the government to agree to its terms on critical national issues, but the party appears to be far from overcoming internal divisions to complete a lingering reorganisation in more than 16 months. more... (ET)

Karachi's disease is purely political

Karachi is crying for de-weaponization, something that only the Pak Army can do. But the Army has no solution to problems, purely political in nature. Our largest city has become a triangular political minefield - PPP, MQM and ANP. Political problems can only be solved by politicians, not by generals. more... (TN)

Deweaponisation bill: Weapon-free Pakistan?
In the backdrop of fresh violence in Karachi , the Muttahida Qaumi Movement (MQM) submitted on Monday an elaborate and ambitious draft bill in the National Assembly Secretariat seeking to rid the country of weapons. The ‘Deweaponisation of Pakistan Bill of 2011', filed as private members' bill, calls for banning the production, proliferation, smuggling, import and use of firearms and ammunition and explosives “to restore public order in the country”. more... (BR)

 

 

 

 

 

Sector Briefing

Automobile sector: Policy for new entrants prepared
The federal ministry of industries and production has assured Japanese car assemblers in Pakistan that they won't be harmed by the new entrance policy for the automobile sector through which the government intends to facilitate new players. more... (ET)

Ogra told to cancel licences of OMCs if they fail to develop storage facility
National Assembly Standing Committee on Petroleum and Natural Resources has directed Oil and Gas Regulatory Authority (Ogra) to cancel licences of Oil Marketing Companies (OMCs) if they fail to develop storage infrastructure in stipulated time given in the licence agreements. more... (BR)

Energy summit: Zardari urges global alliance to harness wind, solar power
President Asif Ali Zardari on Monday called for a global partnership on renewable energy – particularly solar and wind resources – to ensure the availability of affordable energy to the common man. In a key-note address at the opening session of the four-day World Future Energy Summit held in the UAE, Zardari said the production of energy and its availability have become the driving force of economies. more... (ET)

 

KSE Notices
 
 

Byco Petroleum Limited
The company announced the financial results for the quarter ended Sep 30, 2010 with the LAT: PKR681.17mn LPS: PKR 1.74. 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.