Feb 08, 2011

KSE-100 Index
Previous Index 12,415.35
Current Index 12,427.36
Change % 0.10%
YTD (CY11) 3.37%
YTD (FY11) 27.83%

International Indicators
  Close %age
BSE-30 18,037.19 0.57
HANGSENG 23,553.59 -1.49
NIKKEI 255 10,592.04 0.46
FTSE 6,051.03 0.89
DJIA 12,161.63 0.57
SSEC 2,798.96 0.29
NASDAQ 2,798.96 0.54
TASI 6,616.41 0.48
KSE(Kuwait) 6,734.30 -0.19
BSE 1,472..84 1.58
MSM 6,892.92 0.10

Feb 04, 2011 1.96
Feb, 2011 1.01
YTD (FY11) mn 201.76

Money Market Updates
6m T-bill 26-Jan-11 13.71%
12m T-bil 26-Jan-11 13.88%
3m KIBOR 13.63%
6m KIBOR 13.76%
10 yrs PIB 14.27%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 116.54
PKR/GBP 138.11
PKR/USD 85.61
PKR/OMR 222.07

Oil $87.20/barrel
Change in % -2.20
Gold $1,351.2/ounce
Change in % 0.20

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 52.4676/- 51.9429/-
Daily Return 7.13%
POIAAF 64.04/- 62.44/-
Daily Return 3.90%
POAAAF 61.29/- 59.76/-
Daily Return 18.35%
POAF 10.35/-
Daily Return -49.04%
*Daily Returns are calculated as per MUFAP guidelines

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

Leverage product launching at KSE by month-end
The much-awaited leverage product - Market Trading System (MTS) - is most likely to be launched at the country's stock exchanges in the last week of February 2011, it is reliably learnt. Sources said Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali Ghulam Muhammad during his first visit to Karachi Stock Exchange (KSE), here on Monday discussed the issue with members. more... (BR)

Financial support for flood victims: Sindh government calls for World donors' conference in March
The Sindh Minister for Rehabilitation Haji Muzaffar Ali Shujra has said that world donor's conference would be invited in the month of March 2011 to get financial support from world communities for the permanent rehabilitation of all flood victims in the province. . more... (BR)

Written-off loans case: Supreme Court hints at summoning SBP governor
e Supreme Court on Monday said that it might summon governor State Bank of Pakistan (SBP), warning that the court could go to any extent to recover the written off loans, which is a public money. A four-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry comprising Justice Muhammad Sair Ali, Justice Ghulam Rabbani and Justice Khalil-ur-Rehman Ramday, was hearing a suo motu case on Rs 54 billion written off bank loans. more... (D)





No clash of institutions, if all work within constitution: PM
Prime Minister Syed Yusuf Raza Gilani said on Monday that Pakistan Peoples Party (PPP) would continue to abide by the Constitution and there would be no clash of institutions in the country, if all work within the parameters of Constitution. more... (BR)

Musharraf declared absconder in Benazir Bhutto murder case

Former President Pervez Musharraf has been declared an absconder in Benazir Bhutto assassination case after the preliminary forensic report on the two BlackBerry cell phones being used by the slain leader. The FIA in its interim challan declared Musharraf as absconder, pleading before the court that if he failed to appear before the court, he would be declared "a proclaimed offender." more... (BR)

ANP will not withdraw its support for PPP: Asfandyar Wali
Central President of Awami National Party (ANP), Asfandyar Wali Khan said that his party will not withdraw support for Pakistan Peoples Party (PPP). more... (D)

Sector Briefing

$100 million urea import deals finalised: TCP signs pact with SABIC

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, Trading Corporation of Pakistan (TCP) on Monday signed commercial agreement worth $100 million with Saudi Basic Industrial Corporation (SABIC) for import of upto 300,000 tons of urea to meet local demand. more... (BR)

Floods toll on cotton crop alone: Country to lose 1.5 percent of GDP: Gondal
Federal Minister for Food and Agriculture Nazar Muhammad Gondal on Monday said devastating floods caused severe losses to the economy and destroyed over three million bales of cotton resulting in a cumulative loss of about 1.5 percent to GDP. He said that around 2.364 million hectares cropped area was washed away by floods and Pakistan was unable to build the damaged irrigation systems and other infrastructure as yet. more... (BR)

PICT earns Rs 579.9 million profit '
The profit after tax (consolidated) of Pakistan International Container Terminal (PICT) increased to Rs 579.941 million in the half-year period ended on December 31, 2010 as compared to Rs 470.480 million earned in the corresponding period in 2009. more... (BR)


KSE Notices

Zeal Pak Cement Limited
The board of directors of the company has announced financial performance for the year ended June 30, 2010, reporting a LAT of PKR 5.2bn (LPS: PKR 1.31). 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.