Jan 26, 2011
KSE-100 Index
Previous Index 12,370.59
Current Index 12,455.75
Change % 0.69%
YTD (CY11) 3.60%
YTD (FY11) 28.12%

International Indicators
  Close %age
BSE-30 18,969.45 -0.95
HANGSENG 23,788.83 -0.05
NIKKEI 255 10,464.42 1.20
FTSE 5,919.71 0.47
DJIA 11,977.19 -0.03
SSEC 19151.28 -0.77
NASDAQ 2,719.25 0.06
TASI 6,723.83 0.02
KSE(Kuwait) 6,972.70 0.18
BSE 1,454.15 1.28
MSM 6,984.15 0.27

Jan 24, 2011 2.13
Jan, 2011 1.71
YTD (FY11) mn 197.10

Money Market Updates
6m T-bill 12-Jan-11 13.37%
12m T-bil 12-Jan-11 13.50%
3m KIBOR 13.64%
6m KIBOR 13.77%
10 yrs PIB 14.21%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 117.50
PKR/GBP 137.67
PKR/USD 86.02
PKR/OMR 221.84

Oil $86.60/barrel
Change in % -1.17
Gold $1,333.6/ounce
Change in % -0.03

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 25, 2011
Funds Offer Redemption
POAIIF 52.3207/- 51.7975/-
Daily Return 9.75%
POIAAF 63.93/- 62.33/-
Daily Return 360.74%
POAAAF 60.97/- 59.45/-
Daily Return 278.39%
POAF 10.37/-
Daily Return 11.14%
*Daily Returns are calculated as per MUFAP guidelines

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

Monetization of fiscal deficit stoking inflation: briefing to political leadership
The Ministry of Finance is reported to have informed the political leadership that fiscal deficit is feared to go over 8 to 8.4 per cent, Rs 1,500 billion, for the current fiscal year, it was reliably learnt. Sources said that high-ups of finance ministry during the briefing to the leadership of various political parties on economic situation reported to have said that defence budget is expected to go up by Rs 100 billion due to war on terrorism. more... (BR)

Meeting 2010-2011 target: FBR required to collect over Rs 871 billion in five months
The Federal Board of Revenue (FBR) has to collect over Rs 871 billion in the remaining five months of current fiscal year 2010-2011 to meet the downward revised revenue collection target of Rs 1,607 billion. In case the revenue collection target is further revised downward to Rs 1,580 billion, the tax machinery would have to collect Rs 844 billion for meeting the expected reduced target for fiscal 2010-11. more... (BR)

E-banking is the future, says SBP
Muhammad Kamran Shehzad, Deputy Governor State Bank of Pakistan Tuesday said that electronic banking has become the need of the hour, as it will not only enhance business volumes of banks but also increase their outreach to unbanked areas. more... (TFD)





Plot to eliminate PPP, MQM, ANP leaders foiled: Malik
A conspiracy to eliminate the leadership of MQM, PPP and ANP and journalists in Karachi has been foiled and masterminds have been captured, Interior Minister Rehman Malik said on Tuesday. more... (D)

Both Taliban, India a threat to Pakistan: Musharraf

The Taliban pose a current threat to Pakistan whereas India has always posed a threat to the country, said former president Pervez Musharraf in an interview aired on Monday. Musharraf, who was talking to Al Jazeera's Riz Khan , said that there is no comparison between the Taliban and India as both pose a serious threat to the country. more... (ET)

PML-N, MQM trade barbs in NA
The Pakistan Muslim League (Nawaz) and the Muttahida Qaumi Movement indulged in a nasty blame game in the National Assembly on Tuesday as the two parties accused each other of point-scoring in the wake of fragile law and order situation. more... (D)




Sector Briefing

Uch development project II: OGDCL decision may invite litigation
The Oil and Gas Development Company (OGDCL) is all set to open up the new Pandora's box by following a faulty process in award of a $300 to 400 million Uch development project II that may end up this key project of much-needed oil and gas production in litigation. more... (BR)

Reko Diq project: Firm open to foreign audit, court told
The Tethyan Copper Company (TCC), which is exploring gold and copper deposits in Balochistan, has welcomed the idea of inviting international auditors to scrutinise the project's cost estimated by it. more... (D)

$100 million urea to be imported: invite fresh bids for LNG project: ECC
The Economic Co-ordination Committee of the Cabinet (ECC) on Tuesday decided to invite fresh tenders for LNG project and directed the Ministry of Petroleum to make necessary arrangement in this regard, said secretary finance, Dr Waqar Masood. more... (BR)


KSE Notices

Mirpurkhas Sugar Mills Limited
The comapny announced the financial results for the quarter ended Dec 31, 2010 with the PAT: PKR33.80mn and EPS of PKR:4.00. more... (KSE)

Fauji Fertilizer bin Qasim Limited
The comapny announced the financial results for the quarter ended Dec 31, 2010 with the PAT: PKR6.51bn and EPS of PKR:6.97 and cash dividend PKR: 3.50 per share.

Atlas Honda Limited
The comapny announced the financial results for the quarter ended Dec 31, 2010 with the PAT: PKR244.01mn and EPS of PKR:3.90.


(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.