Feb 15, 2011

KSE-100 Index
Previous Index 11,943.34
Current Index 11,946.09
Change % 0.03%
YTD (CY11) -0.64%
YTD (FY11) 22.88%

International Indicators
  Close %age
BSE-30 18,202.20 2.70
HANGSENG 23,121.15 1.31
NIKKEI 255 10,745.28 0.18
FTSE 6,052.88 -0.17
DJIA 12,268.19 -0.04
SSEC 2,899.13 2.5
NASDAQ 2,817.18 0.28
TASI 6,624.20 -0.04
KSE(Kuwait) 6,660.90 -0.82
BSE 1,470.12 0.12
MSM 7,001.05 0.66

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 116.00
PKR/GBP 138.00
PKR/USD 85.70
PKR/OMR 220.51

Oil $85.1/barrel
Change in % -0.8%
Gold $1,364/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 175.17mn
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 14, 2011
Funds Offer Redemption
POAIIF 52.5601/- 52.0345/-
Daily Return 9.74%
POIAAF 63.19/- 61.61/-
Daily Return 13.84%
POAAAF 59.53/- 58.04/-
Daily Return 10.49%
POAF 10.39/-
Daily Return 19.21%
*Daily Returns are calculated as per MUFAP guidelines

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

Market watch: Stocks end flat, volumes at three-month low
KARACHI: The stock market remained range-bound on the first trading session of the week as volumes fell to a three-month low.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended a marginal 0.02 per cent or 2.75 points higher at 11,946.09. more... (Tribune)

Financing for exporters enhanced by 50pc
KARACHI: The State Bank on Monday decided to increase maximum financing limit to a single export-oriented project under the Long Term Financing Facility (LTFF) scheme for plant and machinery.

The limit has been increased from Rs1,000 million to Rs1,500 million, said a circular issued by the SBP to all banks and development financial institutions (DFIs). more... (DAWN)

SBP revises Credit Guarantee Scheme
KARACHI: The State Bank of Pakistan (SBP) has revised the Credit Guarantee Scheme for small and rural enterprises, which is aimed at ensuring maximum utilisation of the facility and increasing market penetration.

The scheme has been revised in the light of recommendations of the technical committee on credit guarantee, represented by the State Bank of Pakistan, UK's Department for International Development (DFID) and Pakistan Banks Association (PBA), said a circular issued to banks on Monday. more... (Tribune)

Industrial corrosion causes Rs250b loss
KARACHI: Pakistan has been incurring an annual loss of Rs250 to Rs300 billion (about $3 billion) on account of infrastructure, industrial and household corrosion, according to experts at a conference on Monday. more... (Tribune)



Hajj scam: Premier's son warned to show up or face arrest
ISLAMABAD: The Federal Investigation Agency (FIA) has formally summoned MPA Abdul Qadir Gilani, son of Prime Minister Yousaf Raza Gilani, in connection with the alleged embezzlement in last year's Hajj arrangements and threatened with possible arrest. The FIA will seek a perpetual arrest warrant for Qadir if he fails to appear for questioning a second time. The warning by the legal directorate has been attached to the notice summoning him for interrogation. more... (Tribune)

Davis safe from prosecution: Wahab

KARACHI: Raymond Davis, who is accused of killing two Pakistani citizens in Lahore , is covered by immunity and cannot be kept in confinement, Information Secretary of the Pakistan Peoples Party (PPP) Fauzia Wahab said on Monday. more... (Tribune)

SC wants two ad-hoc judges on the bench

ISLAMABAD: A full court meeting under the chairmanship of Chief Justice of Pakistan, Justice Iftikhar Muhammad Chaudhry, passed a resolution on Monday for a one-year extension in term for Justice Khalil-ur-Rehman Ramday on an ad-hoc basis whereas the full court also suggested the appointment of Justice (retd) Rahmat Hussain Jafferey as an ad-hoc judge.more... Tribune)

Sector Briefing

Engro profit surges 73 per cent to Rs6.4b

KARACHI: Engro Corporation announced a net profit of Rs6.44 billion for 2010 compared with the preceding year's Rs3.72 billion, an increase of 73 per cent. more... (Tribune)

Country lacks research and development: Indus Motor CEO
Poor research and development is hindering Pakistan's growth in the automobile sector. Unlike India, Pakistan cannot experiment smaller cars like the Tata Nano due to poor research and development..more... (Tribune)

Pakistan Refinery to post profit after two years
Pakistan Refinery Limited (PRL) switched to a profit of Rs905 million in the quarter ended December 31 compared with a loss of Rs1,024 million in the same period the previous year.more... (Tribune)


KSE Notices

Unilever Results
The company announced a PAT of Rs.3,273 million translating in to an EPS of Rs.246.. more... (KSE)

Al-Ghazi tractors
The company has decided to pay out a cash dividend of Rs. 12.5 per share. The PAT of the company translated in to Rs.1,908,872,000 with an EPS of Rs. 44.46. 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.