Feb 03, 2011

KSE-100 Index
Previous Index 12,273.38
Current Index 12,242.39
Change % -0.25%
YTD (CY11) 1.83%
YTD (FY11) 25.93%

International Indicators
  Close %age
BSE-30 18,090.62 0.39
HANGSENG 23,908.96 1.81
NIKKEI 255 10,457.36 1.80
FTSE 6,000.07 0.70
DJIA 12,041.97 0.02
SSEC 2,799.40 0.31
NASDAQ 2,750.16 -0.04
TASI 6,513.28 2.20
KSE(Kuwait) 6,808.50 -0.16
BSE 1,453.02 -0.41
MSM 6,850.35 0.61

Feb 01, 2011 1.85
Feb, 2011 1.85
YTD (FY11) mn 202.60

Money Market Updates
6m T-bill 26-Jan-11 13.71%
12m T-bil 26-Jan-11 13.88%
3m KIBOR 13.65%
6m KIBOR 13.79%
10 yrs PIB 14.28%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 118.74
PKR/GBP 139.00
PKR/USD 86.15
PKR/OMR 222.11

Oil $91.50/barrel
Change in % 0.71
Gold $1,333.20/ounce
Change in % -0.72

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-Dec 10) $26mn
Remittances (July - Dec 10) $5.29bn
Foreign Investment (Jul - Dec 10) $746mn
All Sch. Banks Deposit Base (Jan 21, 2010) Rs704.34bn

NAVs and Returns
as of Feb 01, 2011
Funds Offer Redemption
POAIIF 52.4152/- 51.8910/-
Daily Return 10.04%
POIAAF 62.91/- 61.34/-
Daily Return -124.53%
POAAAF 59.43/- 58.43/-
Daily Return -105.89%
POAF 10.40/-
Daily Return 12.28%
*Daily Returns are calculated as per MUFAP guidelines

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

Pakistan's real GDP may grow up to 3pc in FY11: State Bank
Pakistan's real Gross Domestic Product(GDP) is likely to grow up to 3 percent in the current Fiscal Year (FY11) according to the First Quarterly Report of the State Bank on the State of the Pakistan's Economy which was released on Wednesday more... (BR)

Growth, fiscal deficit, inflation: targets will be missed
The country's economy is under stress due to delay in the implementation of key economic reforms and as per the State Bank's projections it will miss three key targets - GDP growth, fiscal deficit and inflation. According to the State Bank's first quarterly report issued on Wednesday, economic recovery suffered a setback in initial months of fiscal year 2010-11 as floods damaged about one-fourth of the country's agriculture heartland. more... (BR)

6.7 percent rise in July-November in domestic debts
Total stock of domestic debt and liabilities posted an increase of 6.7 percent in first five months of current fiscal year, according to the Sate Bank of Pakistan report on economy. The report said that this increase in the domestic debt was witnessed on account of higher fiscal deficit and limited availability of external financing. . more... (BR)








PM seeks to ease mistrust over blasphemy
Prime Minister Yousuf Raza Gilani went to great lengths in the National Assembly on Wednesday to ease sceptics' mistrust about his government's stance over the controversial blasphemy law that he said nobody wanted to change and a deadly shootout in Lahore involving a US mission employee. more... (D)

Cabinet likely to be dissolved tomorrow

The government is likely to dissolve the federal cabinet on Friday to meet a 45-day deadline given by the Pakistan Muslim League-N to implement its reforms agenda aimed at revival of the economy and austerity, sources told on Wednesday.more... (D)

Govt, opposition clash in NA
The issue of US national Raymond Davis, who killed two people in Lahore, became a bone of contention between the federal and Punjab governments in the National Assembly on Tuesday when PML-N legislator Khwaja Saad Rafiq sought the government's clarification on reports that the federal government was passing the buck to the PML-N on this issue.
more... (TN)







Sector Briefing

LSM growth declines

The momentum in large-scale manufacturing (LSM) growth, seen in last fiscal year, was upset in the initial months of current fiscal year, as Cumulative LSM production declined by 2.3 percent during July-November of FY11 compared with 0.5 percent in July-November FY10. more... (BR)

SBP lays down loan write-offs procedure
The State Bank on Wednesday announced a procedure for reimbursement of write off of loans outstanding as of Dec 31, 2009 against the borrowers of Malakand, Swat, Buner and Chitral districts. more... (D)

Pak-Iran project Survey to lay gas pipeline under way '
Minister for Petroleum and Natural Resources Syed Naveed Qamar said on Wednesday that physical survey was underway to lay gas pipeline from Iranian border to Pakistani areas under the Pak-Iran project. more... (D)



KSE Notices

The company anounced the financial results for the half year ended on Dec 31, 2010 with the LAT: PKR915.93mn and LPS of PKR:1.54. 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.