Feb 14, 2011

KSE-100 Index
Previous Index 12,187.47
Current Index 11,943.34
Change % -2.00%
YTD (CY11) -0.66%
YTD (FY11) 22.85%

International Indicators
  Close %age
BSE-30 17,956.52 1.29
HANGSENG 23,074.18 1.07
NIKKEI 255 10,693.96 0.83
FTSE 6,062.90 0.71
DJIA 12,273.26 0.36
SSEC 2,827.33 0.32
NASDAQ 2,809.44 0.68
TASI 6,626.89 -0.14
KSE(Kuwait) 6,715.70 -0.34
BSE 1,468.36 0.05
MSM 6,955.16 0.58

Feb 11, 2011 0.37
Feb, 2011 (3.48)
YTD (FY11) mn 197.27

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 13.77%
10 yrs PIB 14.26%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 115.50
PKR/GBP 136.59
PKR/USD 85.04
PKR/OMR 220.51

Oil $85.8/barrel
Change in % -1.8%
Gold $1,358.3/ounce
Change in % -0.4%

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 175.15mn
US$ Reserves (Jan 8, 2011) $17.31 bn
Trade Balance Jul - Dec $(9.32)bn
Curr. A/C (Jul-Dec 10) $26mn
Remittances (July - Dec 10) $6.12bn
Foreign Investment (Jul - Dec 10) $1.05bn
All Sch. Banks Deposit Base (Jan 21, 2010) Rs704.34bn

NAVs and Returns
as of Feb 11, 2011
Funds Offer Redemption
POAIIF 52.5202/- 51.9950/-
Daily Return 9.48%
POIAAF 63.12/- 61.54/-
Daily Return -212.28%
POAAAF 59.48/- 57.99/-
Daily Return -435.34%
POAF 10.37/-
Daily Return -6.14%
*Daily Returns are calculated as per MUFAP guidelines

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

Political uncertainty haunts KSE
KARACHI: The stock market saw its worst decline in more than six months as the benchmark KSE-100 index slid 3.8 per cent or 472 points with political events overshadowing impressive corporate results announced during the week ended February 11.more... (Tribune)

UK businessmen keen to invest in Pakistan
LAHORE: A large number of UK businessmen are keen to invest in Pakistan through joint ventures, but have been unable to do so because Pakistanis have not established their brands in the world market, according to UK business tycoon James Caan.more... (Tribune)

Bosnian Envoy to visit Sialkot today
SIALKOT: Ambassador of Bosnia and Herzegovina in Pakistan Mr. Armin Limo will visit Sialkot Chamber of Commerce and Industry (SCCI) here on Tuesday.
SCCI President Ghulam Mustafa Chaudhary told the newsmen here that the Bosnian Ambassador will discuss in details the matters of mutual interest with Sialkot business community during an important meeting scheduled to be held there at SCCI. more... (Tribune)

World Bank approves $24.5m for system improvement
ISLAMABAD: The World Bank has extended a partly successful project for another six months and approved additional financing of $24.5 million for improving public financial management in Pakistan – a task that could not be fully achieved despite spending $130 million so far. more... (Tribune)



Cabinet ‘rightsizing' leads to bickering in PPP
ISLAMABAD: The recent ‘rightsizing' of the federal cabinet has led to bickering in the ruling Pakistan Peoples Party (PPP), prompting its top leadership to take some damage control measures. more... (Tribune)

Hajj scam: Kazmi, Swati open unhealed wounds in new war of words

ISLAMABAD: A tug of war between two former federal ministers on the alleged mismanagement in last year's Hajj arrangements turned ugly on Sunday when both questioned each other's religious credentials.more... (Tribune)

8,000 policemen to perform duty on Eid Milad

LAHORE: More than 8,000 police officers and Jawans will perform their duty on Eid Milad-ul-Nabi (PBUH). more... (BR)

Sector Briefing

Duty-free imports by dealers hit Pakistan Steel.

KARACHI: Investigators probing corruption in Pakistan Steel Mills (PSM) have unearthed a scam involving more than a dozen companies that caused a revenue loss of Rs50 billion to the national kitty and Rs100 billion to the cash-strapped mill, Federal Investigation Agency (FIA) officials disclosed. more... (Tribune)

Country's second wind energy project initiated
ISLAMABAD: A turbine has been installed at Daman-e-Koh peak in Islamabad, as part of the country's second wind energy project.more... (Tribune)

Rupee hits 8-1/2-month high against dollar
KARACHI: The rupee gained sharply on Friday to end at an eight-and-a-half-month high. The rupee closed at 84.78/83 to the dollar, up from 85.10/12 on Thursday, the highest close since May 25, 2010. more... (Tribune)


KSE Notices

Sanofi Aventis financial results as at 31, Dec, 2010
The company announced a cash dividend of Rs. 10 per share. Total dividend out of profits amounted to Rs. 96,447,600. more... (KSE)

Meezan Bank
The company has decided to issue Bonus Shares in the proportion of 15 ordinary shares for every 100ordinary shares. 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.