Jan 19, 2011
KSE-100 Index
Previous Index 12,681.94
Current Index 12,658.16
Change % -0.18%
YTD (CY11) 34.84%
YTD (FY11) 30.20%

International Indicators
  Close %age
BSE-30 19,092.05 1.11
HANGSENG 24,153.98 -0.02
NIKKEI 255 10,518.98 0.20
FTSE 6,056.43 1.20
DJIA 11,837.90 0.43
SSEC 2,805.40 0.48
NASDAQ 2,765.85 0.38
TASI 6,715.64 -0.78
KSE(Kuwait) 6,918.00 0.04
BSE 1,425.88 -0.41
MSM 7,006.18 -0.22

Jan 17, 2011 2.77
Jan, 2011 15.87
YTD (FY11) mn 211.26

Money Market Updates
6m T-bill 12-Jan-11 13.37%
12m T-bil 12-Jan-11 13.50%
3m KIBOR 13.61%
6m KIBOR 13.76%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 113.79
PKR/GBP 136.35
PKR/USD 85.77
PKR/OMR 221.84

Oil $91.57/barrel
Change in % 0.54
Gold $1,373.2/ounce
Change in % 0.60

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 18, 2011
Funds Offer Redemption
POAIIF 52.3178/- 51.7976/-
Daily Return 9.67%
POIAAF 65.49/- 63.85/-
Daily Return 0.00%
POAAAF 62.51/- 60.95/-
Daily Return -65.75%
POAF 10.56/-
Daily Return 10.16%
*Daily Returns are calculated as per MUFAP guidelines

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

First half current account depicts $26 million surplus
The country's current account balance has become positive and registered a surplus of 26 million dollars in the first half of current fiscal year (2010-11) primarily driven by massive decline in trade and services deficit and high foreign inflows. more... (BR)

ADB loans UK firm for Pak power plant
The Asian Development Bank (ADB) said Tuesday it will lend up to $100 million to UK-based International Power to build a Pakistani gas-fired plant to help address the country's energy crisis. The 404-megawatt power plant in Balochistan is scheduled to be completed by September 2013. more... (TFD)

New tax measures post-Finance Bill 2010
The federal government imposed additional taxes subsequent to the passage of Finance Bill 2010, and these include 3.5 percent withholding tax on agri-trading, penalties on late filers/non-filers of returns, exclusion of non-compliant taxpayers from "List of Active Taxpayers" and collection of data from clubs, and private schools, colleges and universities. more... (BR)

Mutual funds appreciate by 12 per cent

The size of the mutual funds industry appreciated 12 per cent in the last six months (July-December) to stand at Rs223 billion. The industry showed signs of recovery on the back of demand witnessed in the money market funds category as well as the equity market's tremendous performance over the last three to four months, says InvestCap in a research note. more... (ET)




Implementing PML-N agenda: Sheikh refuses to give ‘artificial timeframe'
The government on Tuesday promised tangible steps to overcome ‘lapses' in governance for steering the country's ailing economy out of crises but declined to commit how soon the process could be initiated. more... (ET)

Reopening cases: ‘NAB has sent letter to Swiss officials'

National Accountability Bureau (NAB) officials have complied with a Supreme Court order and have written a letter to the Swiss authorities, the Public Accounts Committee (PAC) was told on Tuesday. So far, NAB has not heard from the Swiss officials, the panel was informed. more... (ET)

Zardari makes impassioned plea to promote religo-cultural harmony
President Asif Ali Zardari on Tuesday made an impassioned plea to United Nations to work out special plans for promoting cultural and religious harmony. This he said during a meeting with the UN Secretary General Ban Ki Moon on the side lines of the fourth Energy Summit in UAE on Tuesday morning. more... (BR)







Sector Briefing

Exploratory drilling down 32%
Oil and gas exploration drilling in the country slowed down by 32 per cent in six months (July to December) of the current financial year 2010-11 at a time when the government is striving to tap more indigenous energy resources. more... (ET)

Sindh's share in gas royalty surged by 40.48 percent in 2008-09: Assembly told
Sindh Assembly was told on Tuesday that Sindh's share in gas royalty under NFC Award had surged by 40.48 percent to Rs 23.564 billion in the fiscal year 2008-09 as compared to the corresponding year. Sindh Finance Minister Murad Ali Shah told the house that the province's actual receipts under the head of royalty on natural gas had increased by Rs 6.791 billion in 2008-09 as compared to Rs 16.773 billion in 2007-08. more... (BR)

RPPs case: Rs 1,082.5 million deposited in government treasury, Supreme Court told
The Techno Sahuwal Rental Power Company on Tuesday informed Supreme Court that a bank draft worth Rs 1082.5 million was deposited in government treasury as instructed by the apex court. The counsel for the company had presented a cheque in the Supreme Court on Monday, which the court did not accept and directed the company to deposit the money through a bank draft and inform the court. more... (BR)


KSE Notices

Millat Tractors Limited
The Board of directors meeting of the company is scheduled on Jan 27, 2011 to discuss the financials for 2nd Quarter 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
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.