Feb 09, 2011

KSE-100 Index
Previous Index 12,427.36
Current Index 12,360.94
Change % -0.53%
YTD (CY11) 2.82%
YTD (FY11) 27.15%

International Indicators
  Close %age
BSE-30 17,775.70 0.59
HANGSENG 23,484.30 -0.30
NIKKEI 255 10,635.98 0.40
FTSE 6,091.33 0.70
DJIA 12,233.15 0.59
SSEC 2,798.96 0.29
NASDAQ 2,797.05 0.47
TASI 6,602.15 -0.22
KSE(Kuwait) 6,752.90 0.28
BSE 1,467..44 -0.37
MSM 6,923.67 0.45

Feb 04, 2011 0.98
Feb, 2011 1.98
YTD (FY11) mn 202.73

Money Market Updates
6m T-bill 26-Jan-11 13.71%
12m T-bil 26-Jan-11 13.88%
3m KIBOR 13.62%
6m KIBOR 13.76%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 116.49
PKR/GBP 138.12
PKR/USD 85.55
PKR/OMR 221.56

Oil $87.47/barrel
Change in % 0.61
Gold $1,363.6/ounce
Change in % -0.04

CPI Gen. - YoY (Dec-10) 14.19%
CPI Gen. - FY11 (Jul- Dec 10) 14.55%
NFNE Core INFL - YoY (Dec 10) 9.4%
NFNE Core INFL - FY11 (Jul- Dec 10) 10.3%

Economic Indicators
GDP Growth FY10E 4.10%
Per Capita Income $ 1,051
Population 175.11mn
US$ Reserves (Jan 8, 2011) $17.38 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) $1.05bn
All Sch. Banks Deposit Base (Jan 21, 2010) Rs704.34bn

NAVs and Returns
as of Feb 08, 2011
Funds Offer Redemption
POAIIF 52.4811/- 51.9563/-
Daily Return 9.87%
POIAAF 63.88/- 62.88/-
Daily Return -93.53%
POAAAF 60.91/- 59.39/-
Daily Return -225.99%
POAF 10.35/-
Daily Return 12.74%
*Daily Returns are calculated as per MUFAP guidelines

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

CPI inflation surges by 14.19 percent in January
ISLAMABAD (February 09, 2011): The CPI inflation surged by 14.19 percent in January 2011 over the corresponding period of the last year with prices of perishable food items soaring to 44.39 percent, according to Federal Bureau of Statistics (FBS). Official figures of Consumer Price Index (CPI) inflation released by the FBS here on Tuesday showed a decline of 1.30 percent in inflation which was largely attributed to the change in base effect. .more... (BR)

Highest ever monthly exports in January 2011
KARACHI (February 09, 2011): On the heels of last months'' export data, Pakistan forged ahead with its exports record breaking spree, achieving the highest ever monthly exports figure of $2.329 billion January 2011. Pakistan''s exports during January, 2011 were valued at US $2.329 billion which was 38.2 per cent higher than the level of US $1.685 billion during January, 2010. more... (BR)

Market watch: Profit-taking continues at bourse
The SECP chairman during his visit to the KSE on Monday said that the margin trading system will be launched by the end of February, according to news reports. Going forward, result announcements by banks and Pakistan State Oil may boost investor sentiments, said Topline Securities equity dealer Samar Iqbal. Pakistan State Oil will announce quarterly earnings today (Wednesday) while MCB Bank is scheduled to release its results tomorrow (Thursday). more... (Tribune)

Kamal elected KSE board chairman
KARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Mohammad Ali paid his first visit to the Karachi Stock Exchange (KSE) on Monday, during which Muneer Kamal, Vice Chairman of KASB Bank Limited, was elected chairman of the newly-constituted board of directors, for a period of one year. more... (Tribune)



US suspends visits to Pakistan
ISLAMABAD (February 09, 2011): The US Administration has suspended official visits of all its high-level delegations to Pakistan scheduled for the next two weeks. A senior official of Ministry of Foreign Affairs told Business Recorder that the Foreign Office had received an intimation letter from the US State Department, informing the Foreign Ministry that the US government is suspending the visits of their high-level delegations, who were scheduled to visit Pakistan in the next two weeks.more... (BR)

Reko Diq case: SC seeks complete record of licences

ISLAMABAD: The Supreme Court on Tuesday has again directed the Balochistan government to submit a complete record of the prospecting and mining licences awarded to the Tethyan Copper Company (TCC) for the Reko Diq gold and copper mines by Wednesday.more... (Tribune)

Zardari hits upon roundtable idea
ISLAMABAD: As the 45-day deadline set by the Pakistan Muslim League-Nawaz (PML-N) for the government to meet its demands draws near, the government has come up with a novel idea to evolve a consensus among all political parties on how to steer the country out of crises. more... (Tribune)

Sector Briefing

Cement exports decline 20%

Mills in the north lose almost all export orders throug­h sea becaus­e of exorbi­tant transp­ortati­on charges. more... (Tribune)

Telenor Pakistan switches from loss to profit
KARACHI: The Pakistani subsidiary of Telenor did not let its parent company down when it announced its annual financial results for 2010, as it was able to switch from loss to profit. more... (Tribune)

Islamic banking growing rapidly: Shaikh
ISLAMABAD: The Islamic principles of finance have proved their viability as Islamic banking and finance is growing at a rapid pace globally, said Finance Minister Dr Abdul Hafeez Shaikh more... (BR)


KSE Notices

Cheif Executive Officer of NAMCO has been replaced.
Mr.Mubarik Ali has been crowned the new chief executive officer of NAMCO and has replaced MR. Etrat H. Rizvi. 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.