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Jan 21, 2011
 
Statistics
KSE-100 Index
Previous Index 12,577.61
Current Index 12,411.87
Change % -1.32%
YTD (CY11) 3.24%
YTD (FY11) 27.67%

International Indicators
  Close %age
BSE-30 19,046.54 0.36
HANGSENG 24,003.70 -1.70
NIKKEI 255 10,437.31 -1.10
FTSE 5,867.91 -1.80
DJIA 11,822.80 -0.02
SSEC 2,677.65 -2.92
NASDAQ 2,704.29 -0.77
TASI 6,657.73 -0.86
KSE(Kuwait) 6,896.20 -0.28
BSE 1,422.86 -0.16
MSM 6,986.13 -0.05

SCRA
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 13.75%
10 yrs PIB 14.10%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 116.17
PKR/GBP 137.56
PKR/USD 86.30
PKR/OMR 222.56

Commodities
Oil $89.38/barrel
Change in % -1.32
Gold $1,347.10/ounce
Change in % -1.50

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 19, 2011
Funds Offer Redemption
POAIIF 52.3415/- 51.8181/-
Daily Return 8.59%
POIAAF 63.78/- 62.19/-
Daily Return -820.42%
POAAAF 61.07/- 59.54/-
Daily Return -685.73%
POAF 10.57/-
Daily Return -2.39%
*Daily Returns are calculated as per MUFAP guidelines

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

Branchless banking is future of financial sector: SBP chief
Governor State Bank of Pakistan, Shahid H. Kardar on Thursday said that branchless banking is future of the country's financial sector. more... (BR)

POL prices, rising inflation, energy shortages: proposals to be firmed up before January 26
The PPP government and PML-N have agreed to implement the economic reform agenda on fast track basis and constituted committees that would give their proposals before January 26, 2011 to review the existing formula of petroleum pricing, gas and electricity load management and rising inflation. more... (BR)

Pakistan's foreign exchange reserves jump to $17.281 billion
The country's total liquid foreign reserves reached at ever-highest level of $17.281 billion because of high foreign inflows sent by overseas Pakistanis. According to the State Bank of Pakistan (SBP) the country's total liquid foreign reserves have posted an increase of $190.7 million to $17.281 billion on week ended on January 15, 2011 from $17.090 billion a week earlier. more... (BR)

 

Politics

Nabeel seeks PM`s help for removal of name from ECL
Nabeel Gabol, who has resigned as minister of state for ports and shipping, rushed to Islamabad on Thursday and tried to seek Prime Minister Yousuf Raza Gilani's intervention following inclusion of his name in the Exit Control List on the orders of Interior Minister Rehman Malik, sources told Dawn. more... (D)

Centre, Sindh disown Rangers' Karachi crackdown

The federal interior minister took a cue from the Sindh home minister on Thursday by distancing himself from the operation carried out by the Rangers in Karachi earlier during the week. more... (D)

Musharraf fails to get ‘Eagle'
Election Commission of Pakistan has rejected to allot the symbol ‘eagle' to former President Pervez Musharraf political party All Pakistan Muslim League (APML) as his party symbol. According to sources, Pervez Musharraf had submitted the application in ECP after his party was registered and requested it to allot him eagle as his party symbol. more... (TFD)

 

Sector Briefing

Relocation of CNG stations sites: Ogra resists allowing auditors access to records
Oil and Gas Regulatory Authority (Ogra) Chairman Tauqeer Sadiq is reportedly resisting allowing commercial auditors access to records of controversial relocation of CNG stations sites, Business Recorder has reliably learnt. Informed sources told BR that Ogra chairman and Member Finance Mir Kamal Mari are accused of involvement in granting approval illegally for the relocation of 15 CNG stations since April 15, 2010 in the absence of any policy. more... (BR)

Raging inflation adds to Pakistan's long list of woes
Pakistan's crippling inflation rate has left trader Mohammad Farouk with a painful task at the end of each day — throwing out a large quantity of his fruits and vegetables because it's too expensive to sell. more... (D)

PIA revenue up at Rs107bn
Managing Director Pakistan International Airlines (PIA) Captain Mohammad Ejaz Haroon said that Airlines revenue rose to Rs107 billion from 70 billion in 2010. Addressing a press conference here at Benazir Bhutto International Airport, he said “We will soon introduce new destinations or increase flights in the East to expand our network mainly to compete with other airlines,” he said. . more... (BR)

 

KSE Notices
 
 

UBL - Book Closure 6th Redemption/Profit payment of 4th tranche
We would like to inform you that the 6th principal redemption and profit payment date of 4th tranche TFC issued on Feb 14, 2008 of UBL falls due on Feb 14, 2010 and the transfer books pertaining to the 4th Trache TFC will remain closed from Jan 29, 2011 to Feb 12, 2011 (both days inclusive) for entitlement. 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.