Jan 25, 2011
KSE-100 Index
Previous Index 12,431.91
Current Index 12,370.59
Change % -0.49%
YTD (CY11) 2.90%
YTD (FY11) 27.24%

International Indicators
  Close %age
BSE-30 19,151.28 0.8
HANGSENG 23,801.80 -0.37
NIKKEI 255 10,345.10 0.69
FTSE 5,943.85 0.87
DJIA 11,980.50 0.92
SSEC 19151.28 -0.77
NASDAQ 2,717.55 1.04
TASI 6,722.79 0.46
KSE(Kuwait) 6,959.90 0.29
BSE 1,435.79 0.12
MSM 6,965.14 -0.57

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 13.63%
6m KIBOR 13.76%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 116.94
PKR/GBP 137.31
PKR/USD 85.98
PKR/OMR 221.65

Oil $87.63/barrel
Change in % -1.94
Gold $1,333.6/ounce
Change in % -1.28

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 24, 2011
Funds Offer Redemption
POAIIF 52.3074/- 51.7843/-
Daily Return -24.02%
POIAAF 63.30/- 61.72/-
Daily Return -19.68%
POAAAF 60.51/- 59.00/-
Daily Return -43.15%
POAF 10.36/-
Daily Return -97.58%
*Daily Returns are calculated as per MUFAP guidelines

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

PSM raises six products' prices
The Pakistan Steel Mills Corporation (PSMC) has announced to raise prices of the six products by amounts up to Rs 4,150 per ton, to rationalise its prices in line with international market prices, traders said on Monday. "The current raise in six steel items prices is less than international market prices and there is a difference of Rs 2000 to Rs 3000 per ton," they said. more... (BR)

Vintage for used cars import: FBR changes stance
In a surprise move, the Federal Board of Revenue(FBR) has opposed increase from 3 years to 5 years in age limit for used cars to be imported under three schemes of Commerce Ministry for overseas Pakistanis, sources close to Secretary Industries told Business Recorder. more... (BR)

‘Power generation to rise by 826MW by year-end'
Water and Power Minister Raja Pervaiz Ashraf has said that an additional 826 megawatts of electricity will be added to the system by December this year. Speaking at “Meet the Press” at the National Press Club on Monday, the minister said the current government has already added 1,982MW to the system. more... (ET)







NA session: Peace in Karachi to be restored at all costs, says Gilani
Prime Minister Yousaf Raza Gilani vowed on Monday to restore peace in Karachi at any cost without elaborating who had ordered the launching of a crackdown on criminals allegedly behind the latest spate of targeted killings in the metropolis . more... (ET)

Altaf calls for martial law in Punjab

Muttahida Qaumi Movement chief Altaf Hussain said on Monday that martial law should be imposed in Punjab since crimes against women and kidnappings for ransom were rife in the province. more... (D)

Govt to accept NA Committee decision on Lodges
Prime Minister Syed Yusuf Raza Gilani on Monday referred the Parliament Lodges Phase-II's construction project to the Housing and Library Committee of National Assembly, and said the Government would accept its decision. more... (D)

Suicide bomber kills 35 at Russia's biggest airport

A suicide bomber killed at least 35 people at Russia's biggest airport on Monday in an attack that bore the hallmarks of militants fighting for a seperate state in the north Caucasus region. more... (D)






Sector Briefing

Railway engines: Locomotives deal with US company raises eyebrows
The Executive Committee of the National Economic Council (Ecnec) approved a project to purchase locomotives from an American company not only in violation of procurement rules but also at exorbitant rates and against the finance ministry's advice, allegedly under pressure from the US. more... (ET)

48 percent rise in PPL profit
The profit after tax of Pakistan Petroleum Limited (PPL) increased by 48 percent, to Rs 16.618 billion, in the first half of FY11 as compared to Rs 9.754 billion earned in the corresponding period of last year. The company''s earning per share increased to Rs 13.91 in the period under review against Rs 8.16 in the same period a year back. more... (BR)

Mashal, LNG projects: ECC required to make tough decision today
The Ministry of Law and Justice has reportedly refused to reconsider its earlier ''verdict'' on the much controversial Mashal Pakistan and short-term Liquefied Natural Gas (LNG) project, saying that the projects should be re-awarded in a highly transparent manner. more... (BR)


KSE Notices

Habib Sugar Mills Limited
The Board of Directors meeting will be held on Jan 29, 2011 to discuss the financial statements for the 1st quarter ended. 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.