Feb 10 , 2011

KSE-100 Index
Previous Index 12,360.94
Current Index 12,298.24
Change % -0.50%
YTD (CY11) 2.30%
YTD (FY11) 26.51%

International Indicators
  Close %age
BSE-30 17,592.77 -1.03
HANGSENG 23,164.30 -0.30
NIKKEI 255 10,617.83 -0.17
FTSE 6,052.29 -0.64
DJIA 12,239.89 0.06
SSEC 2,774.06 -0.88
NASDAQ 2,789.07 -0.29
TASI 6,611.60 0.14
KSE(Kuwait) 6,758.80 0.09
BSE 1,467.08 -0.02
MSM 6,936.05 0.18

Feb 08, 2011 (5.44)
Feb, 2011 (3.45)
YTD (FY11) mn 197.29

Money Market Updates
6m T-bill 09-Feb-11 13.69%
12m T-bil 09-Feb-11 13.86%
3m KIBOR 13.63%
6m KIBOR 13.76%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 117.35
PKR/GBP 138.85
PKR/USD 85.85
PKR/OMR 221.526

Oil $86.92/barrel
Change in % -0.24
Gold $1,364.2/ounce
Change in % -0.10

CPI Gen. - YoY (Jan-11) 14.19%
CPI Gen. - FY11 (Jul- Jan 11) 14.55%
NFNE Core INFL - YoY (Jan 11) 9.4%
NFNE Core INFL - FY11 (Jul- Jan 11) 10.3%

Economic Indicators
GDP Growth FY10E 4.10%
Per Capita Income $ 1,051
Population 175.12mn
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 09, 2011
Funds Offer Redemption
POAIIF 52.4945/- 51.9696/-
Daily Return 9.79%
POIAAF 63.74/- 62.15/-
Daily Return -76.19%
POAAAF 60.79/- 59.27/-
Daily Return -73.75%
POAF 10.37/-
Daily Return 91.89%
*Daily Returns are calculated as per MUFAP guidelines

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

Trade deficit widens to $9.3b in seven months
Gap between exports and import­s remain­s below projec­tion by $2 to $2.5 billio­n due to record high export. more... (Tribune)

Market watch: Another dull day at bourse as investors stay away
KSE-100 index falls 62 points, volume­s sag to 10-week low, more... (Tribune)

Pakistan State Oil posts record half-yearly profit
KARACHI: Pakistan State Oil, the largest distributor of oil products in the country, posted a record net profit in the first half of fiscal 2011, primarily boosted by a tax refund. The company received a one-time tax reversal during the period under review as the government reduced the turnover tax from one per cent announced in fiscal 2011 budget to 0.5 per cent in October, said IGI Securities analyst Umair Siddique. more... (Tribune)

President approves Rs1b for industrial zones
KARACHI: President Asif Ali Zardari has approved Rs1 billion development funds for four industrial zones of Karachi. The funds will be released to development companies of these industrial zones in 10 days. more... (Tribune)



Federal cabinet resigns
ISLAMABAD:All members of the federal cabinet resigned on Wednesday after an ‘emotional farewell meeting', paving way for Prime Minister Yousaf Raza Gilani to appoint a ‘smaller and honest' cabinet. However, insiders say there will hardly be any ‘big surprises'.The new cabinet is expected to be announced on Thursday (today), said officials in the government and the ruling Pakistan Peoples party (PPP). more... (Tribune)

Violence as govt-PIA union talks break down

KARACHI: Violence at Karachi airport followed the breakdown of negotiations in Islamabad between the government and the joint action committee (JAC) representing the Pakistan International Airline (PIA) workers on Wednesday.more... (Tribune)

Govt considers halving raise in salaries
ISLAMABAD: In an attempt to slash expenditure and impose new taxes to narrow down the budget deficit by over Rs150 billion, the government and the main opposition party have discussed the option of partially withdrawing a 50 per cent increase in the salaries of government employees, The Express Tribune has learnt. more... (Tribune)

Sector Briefing

All set to legislate tourism, mineral deposits

HUNZA (February 10, 2011): Gilgit-Baltistan Legislative Assembly (GBLA) was all set to legislate tourism and mineral deposits, as the GB Council had finalised its recommendations for awarding both sectors the status of corporations, Assistant Director Tourism Iqbal said. Talking to newsmen on Wednesday he said, "Various laws regarding minerals and tourism in other provinces are being studied by GB authorities with an aim to replicate successful models in the region. more... (BR)

Rs 1.61 billion released for textile support schemes
ISLAMABAD (February 10, 2011): The Textile Ministry Wednesday released Rs 1.61 billion for its various on-going support schemes for the development of textile sector, as envisaged in the Textile Policy 2009. The Textile Ministry has already released Rs 4,825 out of original allocation of Rs 7.5 billion for the current fiscal year against various schemes envisaged in the textile policy (2009-14). more... (BR)

Acquiring Shell shares in PRL: PSO BoM defers decision
ISLAMABAD (February 10, 2011): The Board of Management (BoM) of Pakistan State Oil (PSO) on Wednesday deferred the decision to approve acquiring 30 percent shares of Shell International Petroleum Company Limited in Pakistan Refinery Limited (PRL), Business Recorder has learnt. more... (BR)


KSE Notices

Netsol Technologies
The company has posted a PAT of Rs. 409 million translating in to an EPS of Rs.4.99 for the period of half-year ended Dec 2010. more... (KSE)



(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange
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