Jan 20, 2011
KSE-100 Index
Previous Index 12,658.16
Current Index 12,577.61
Change % -0.64%
YTD (CY11) 33.99%
YTD (FY11) 29.37%

International Indicators
  Close %age
BSE-30 18,978.32 -0.60
HANGSENG 24,419.62 1.10
NIKKEI 255 10,557.10 0.40
FTSE 5,976.70 -1.30
DJIA 11,825.30 -0.11
SSEC 2,758.10 1.81
NASDAQ 2,725.36 -1.46
TASI 6,657.73 -0.86
KSE(Kuwait) 6,915.50 -0.04
BSE 1,425.11 -0.05
MSM 6,989.78 -0.23

Jan 18, 2011 -17.00
Jan, 2011 -1.13
YTD (FY11) mn 194.27

Money Market Updates
6m T-bill 12-Jan-11 13.37%
12m T-bil 12-Jan-11 13.50%
3m KIBOR 13.62%
6m KIBOR 13.77%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 115.51
PKR/GBP 137.56
PKR/USD 85.88
PKR/OMR 221.36

Oil $90.76/barrel
Change in % -1.08
Gold $1,367.3/ounce
Change in % -0.43

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 19, 2011
Funds Offer Redemption
POAIIF 52.3297/- 51.8064/-
Daily Return 8.67%
POIAAF 62.25/- 63.63/-
Daily Return -131.48%
POAAAF 62.24/- 60.68/-
Daily Return -161.69%
POAF 10.57/-
Daily Return 12.47%
*Daily Returns are calculated as per MUFAP guidelines

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

FBR realizes revenues of over Rs654bn upto Dec last
Federal Board of Revenue (FBR) has collected tax revenues of Rs.654 billion during the first six months (July-December) of current financial year (2010-11) showing an increase of 13.2 percent collection compared to the same period of last fiscal year. more... (BR)

Contaminated furnace oil supply: PSO accused of defrauding Pepco of $25 million yearly
Pakistan State Oil (PSO) has been accused of earning $25 million annually through supply of contaminated furnace oil to the public sector power generation companies (genco), sources in Pepco told Business Recorder here on Wednesday. more... (BR)

‘Govt for investment in auto sector'
Federal Minister for Industries and Production Mir Hazar Khan Bijarani has said the privatization of Pakistan Steel Mills (PSM) was not on the card as the government was presently working on a 10-point agenda to make it a profitable organization. The government is keen to expand its production capacity and 10 offers in this regard have already been received from different countries. more... (TFD)





PML-Q gives five-point agenda to govt
A government team briefed PML-Q leaders on Wednesday that with an 8.3 fiscal deficit projected for the current fiscal year the country`s financial condition was in dire straits. The team, set up by Prime Minister Yousuf Raza Gilani last week, held similar meetings with leaders of the PML-N, MQM and ANP on Tuesday in its move to evolve national consensus on a plan to steer the country out of the economic crisis. more... (D)

Difficult economic decisions: government seeks PML-Q support

The government on Wednesday sought the support of Pakistan Muslim League-Q to take difficult decisions to put the economy back on track. The Finance Minister Dr Abdul Hafeez Sheikh was quoted as saying that the government has to take difficult decisions to save the economy for which it needed political support as nobody would come from outside for help. more... (BR)

PPP leadership: Accused of appeasing religious right
Leaders of the Pakistan Muslim League-Q (PML-Q) are said to have ridiculed the current leadership of the Pakistan Peoples Party (PPP) and accused it of abandoning its original “moderate and progressive role,”sources said. more... (ET)







Sector Briefing

Textile exports surge 26% despite power cuts
Textile exports surged by 25.79 per cent during the first half (July-December) of the current fiscal year compared to the same period last year, despite challenges like energy shortages. more... (ET)

Oil production from Tal crosses 9,000bpd
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... (ET)

PSO to import one million tons of oil from Kuwait annually: deal concluded
The Pakistan State Oil (PSO) and Kuwait Petroleum Corporation (KPC) have concluded negotiations to ink a deal for direct import of one million tons high-sulpur fuel for one year, which would cause annual saving of $3.3 million. Briefing the National Assembly Standing Committee on Petroleum and Natural Resources, PSO Managing Director (MD) Irfan K Qureshi said that it was a remarkable achievement regarding gas supply arrangement with KPC. more... (BR)


KSE Notices

Dandot Cement Company Limited
The company announced the financial result for the quarter ended Sep 30, 2010 with LAT: PKR.120.56mn and LPS: PKR1.27 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.