Jan 28, 2011

KSE-100 Index
Previous Index 12,483.34
Current Index 12,477.00
Change % -0.05%
YTD (CY11) 3.78%
YTD (FY11) 28.34%

International Indicators
  Close %age
BSE-30 18,684.43 -1.50
HANGSENG 23,779.62 -0.27
NIKKEI 255 10,478.66 0.70
FTSE 5,979.52 0.10
DJIA 11,989.83 0.04
SSEC 2,749.15 0.89
NASDAQ 2,755.28 0.58
TASI 6,697.80 -0.39
KSE(Kuwait) 6,944.00 -0.46
BSE 1,472.58 0.82
MSM 6,941.32 -0.03

Jan 26, 2011 0.37
Jan, 2011 1.05
YTD (FY11) mn 196.07

Money Market Updates
6m T-bill 26-Jan-11 13.71%
12m T-bil 26-Jan-11 13.88%
3m KIBOR 13.78%
6m KIBOR 13.89%
10 yrs PIB 14.20%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 117.79
PKR/GBP 136.80
PKR/USD 85.97
PKR/OMR 221.65

Oil $85.28/barrel
Change in % -2.08
Gold $1,345.80/ounce
Change in % -2.45

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 27, 2011
Funds Offer Redemption
POAIIF 52.3474/- 51.8239/-
Daily Return 9.74%
POIAAF 63.68/- 62.29/-
Daily Return -40.97%
POAAAF 61.10/- 59.57/-
Daily Return -48.95%
POAF 10.37/-
Daily Return 10.75%
*Daily Returns are calculated as per MUFAP guidelines

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

July-January: revenue collection rises by 12.2 percent
The Federal Board of Revenue (FBR) has provisionally collected Rs 747.270 billion during July-January (up to January 26) 2010-2011 against Rs 666 billion during the same period of last fiscal year, showing an increase of 12.2 percent. more... (BR)

IMF next tranche: Prime Minister seeks US influence
Prime Minister Yusuf Raza Gilani on Thursday sought US influence for the disbursement of the next tranche of International Monetary Fund (IMF) in March 2011 so that the government could prepare budget for next fiscal year. more... (BR)

Qamar hints at Rs9.43/liter hike in POL prices
The parliamentary committee on petroleum prices earlier on Thursday evening met here to review the prices of POL products, Geo News reported. The committee was told that the fuel prices may see rise up to Rs.9.43 a liter if government drops subsidy from POL products. more... (TN)








Opposition wants joint moves to fight woes
Apparently taking cues from their leaderships, members of two main opposition parties in the National Assembly on Thursday called for evolving a joint strategy with the government to tackle the country's economic woes such as the price hike. more... (D)

Deadline won`t be extended: Nawaz

The leadership of the Pakistan Muslim League-N is dissatisfied over inaction on the part of the government in implementing the party's 10-point ‘reforms agenda' and says that its 45-day deadline will not be extended. “The agenda must be implemented within 45 days at all costs because extending the date will not be in national interest,” PML-N chief Nawaz Sharif said at a meeting of his party's senior leaders here on Thursday. more... (BR)

NICL scam: Formal probe launched against FIA chief
The Federal Investigations Agency (FIA) has formally launched an investigation against its Director-General Wasim Ahmed. Confirming that a questionnaire had been received from the Additional Director-General Zafar Iqbal Qureshi, the Director, Karachi, Moazzam Jah Ansari, said that he would soon file his answers. more... (ET)






Sector Briefing

NEPRA summary: Power tariff lowering by 58 paisa approved
The National Electric Power Regulatory Authority (Nepra) has approved a 58-paisa per unit cut in power tariff of eight power distribution companies under the fuel price variation adjustment formula. more... (ET)

DAP price up by Rs 100 per bag
The price of Dai Ammonium Phosphate (DAP), an essential crops nutrient, has increased by Rs 100 per 50-kg bag across the country due to rising prices in international market. Market sources said on Thursday that price of DAP like other commodities was on the rise in international market, therefore, to rationalise its local price, the local producers and importers have increased DAP price by Rs 100 per 50-kg bag. more... (BR)

Government to be compelled to increase prices from February 1: Parliamentary Committee on Oil Pricing informed
Ministry of Petroleum has informed Parliamentary Committee on Oil Pricing (PCOP) that government would be compelled to increase petrol price by Rs 9.43 per liter and diesel Rs 9.20 per liter from February 1, 2011, although all the political parties'' representatives have strongly opposed any hike in oil prices. more... (BR)


KSE Notices

Attock Cement Pakistan Limited
The company anounced the financial results for the half year ended on Dec 31, 2010 with the PAT: PKR235.10mn and EPS of PKR:2.72. more... (KSE)

Attock Refinery Limited
The company anounced the financial results for the half year ended on Dec 31, 2010 with the PAT: PKR2.29bn and EPS of PKR:17.61. more... (KSE)

National Refinery Limited
The company anounced the financial results for the half year ended on Dec 31, 2010 with the PAT: PKR3.13bn and EPS of PKR:39.22. 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.