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Jan 24, 2011
 
Statistics
KSE-100 Index
Previous Index 12,411.87
Current Index 12,431.91
Change % 0.16%
YTD (CY11) 3.41%
YTD (FY11) 27.87%

International Indicators
  Close %age
BSE-30 19,007.53 -0.20
HANGSENG 23,876.86 -0.53
NIKKEI 255 10,274.52 -1.60
FTSE 5,896.25 0.50
DJIA 11,871.84 0.41
SSEC 2,677.65 -2.92
NASDAQ 2,689.54 -0.55
TASI 6,692.31 0.60
KSE(Kuwait) 6,940.10 0.64
BSE 1,434.00 0.78
MSM 7,005.30 0.27

SCRA
Jan 21, 2011 1.41
Jan, 2011 -0.42
YTD (FY11) mn 194.97

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 13.76%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 116.17
PKR/GBP 137.56
PKR/USD 86.30
PKR/OMR 222.02

Commodities
Oil $89.37/barrel
Change in % -0.01
Gold $1,351.00/ounce
Change in % 0.29

Inflation
CPI Gen. - YoY (Dec-10) 15.5%
CPI Gen. - FY11 (Jul- Dec 10) 14.6%
NFNE Core INFL - YoY (Dec 10) 9.5%
NFNE Core INFL - FY11 (Jul- Dec 10) 9.6%

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 21, 2011
Funds Offer Redemption
POAIIF 52.3862/- 51.6823/-
Daily Return 12.40%
POIAAF 63.41/- 61.82/-
Daily Return -217.16%
POAAAF 60.73/- 59.21/-
Daily Return -202.30%
POAF 10.58/-
Daily Return 28.67%
*Daily Returns are calculated as per MUFAP guidelines

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

IMF to meet politicians on RGST
International Monetary Fund (IMF) has decided to convince political leadership over Reformed General Sales Tax (RGST), media reported. According to the sources in finance ministry, a team of IMF is scheduled to visit Pakistan in the last week of January and will talk to political parties regarding RGST. more... (TFD)

Foreign inflows fall by half WoW
Though global market remained depressed but offshore investors once again emerged as the net-buyer in Pakistan equity market with $14.7 million worth of buying in the last week as per the National Clearing Company of Pakistan Limited (NCCPL) data. However, foreign portfolio investment was reduced 49.6 per cent WoW compared with $29.2 million witnessed in week ended on 14th January 2011. more... (TFD)

Fiscal deficit: Government expenditure is not the problem
The efforts by the federal and provincial governments to reduce their expenditures, while admirable, will do no appreciable damage to the size of the fiscal deficit. Despite the high prevalence of corruption and inefficiency, the government does not actually spend too much money. Its fiscal deficit stems from not collecting enough taxes from its citizens. more... (ET)

POL prices: Ogra expecting 12 percent increase in February

Oil and Gas Regulatory Authority (Ogra) is expecting 12 percent increase in prices of petroleum products during month of February 2011 due to hike in global oil prices. more... (BR)

 

 

 

 

 

Politics

Awan's ‘disclosure' on cabinet cut angers PPP
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)

Tug-of-war: Gilani, ECC at odds over used car imports

Prime Minister Yousaf Raza Gilani is said to be facing a sort of a revolt after nearly two dozens ministers in the powerful Economic Coordination Committee (ECC) of the cabinet challenged his decision to reverse the ECC move to allow the import of five-year-old used cars. more... (ET)

NA session: Current tenure of PPP govt longest in last two decades
The incumbent administration will become the longest surviving government of the ruling Pakistan Peoples Party (PPP) in two decades when the National Assembly opens today (Monday) for the last session of its third parliamentary year. more... (ET)

 

 

 

 

Sector Briefing

Government to release Rs 20 billion EDF for boosting exports
The Federal government has announced to release Rs 20 billion of Export Development Fund to help the exporters explore new markets for Pakistan's non-traditional items. A formal announcement to this effect was made by Finance Minister Dr Abdul Hafeez Shaikh during his crucial interaction with business community in a meeting with the Federation of Chambers of Commerce and Industry (FPCCI) at Federation House here the other day. more... (BR)

PPL 1H profit may grow 66pc
Pakistan Petroleum Limited (PPL) is scheduled to announce its results today (Monday) for the first half of the fiscal year 2011. According to the “The Financial Daily” research, the company's profit after taxation is likely to show a growth of 66.4 per cent to Rs16.23 billion for the 1HFY11, translating into an EPS of Rs13.58. more... (TFD)

Three-tier policy: Govt pays Rs95b in electricity subsidies
The government provided Rs95 billion in subsidies on electricity during six-months (July-December 2010), as against a fiscal envelope of Rs15 billion for the period, depicting a complete collapse of its much-vaunted three-tier policy to overhaul the bleeding power sector. more... (ET)

 

KSE Notices
 
 

Seimens Pakistan Engineering Co. Limited
The comapny announced the financial results for the quarter ended Dec 31, 2010 with PAT: PKR203.34mn and EPS: PKR26.44. 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.