Feb 17, 2011

KSE-100 Index
Previous Index 11,946.09
Current Index 12.077.54
Change % 1.10%
YTD (CY11) 0.46%
YTD (FY11) 24.23%

International Indicators
  Close %age
BSE-30 18,273.80 0.39
HANGSENG 22,899.78 -0.96
NIKKEI 255 10,746.67 0.01
FTSE 6,045.38 -0.12
DJIA 12,225.12 -0.30
SSEC 2,899.24 0.00
NASDAQ 2,825.56 0.76
TASI 6,486.83 -1.80
KSE(Kuwait) 6,559.50 -1.38
BSE 1,466.66 -0.24
MSM 6,971.58 -0.33

Feb 14, 2011 0.68
Feb, 2011 (2.79)
YTD (FY11) mn 197.95

Money Market Updates
6m T-bill 09-Feb-11 13.69%
12m T-bil 09-Feb-11 13.86%
3m KIBOR 13.62%
6m KIBOR 13.76%
10 yrs PIB 14.25%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.99
PKR/GBP 137.15
PKR/USD 85.33
PKR/OMR 221.60

Oil $85.02/barrel
Change in % -0.09%
Gold $1,378/ounce
Change in % +1.0%

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 175.18mn
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 15, 2011
Funds Offer Redemption
POAIIF 52.5736/- 52.0479/-
Daily Return 9.85%
POIAAF 63.32/- 61.74/-
Daily Return 77.02%
POAAAF 59.55/- 58.06/-
Daily Return 12.58%
POAF 10.39/-
Daily Return 13.49%
*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 march upwards as investor interest rises
The stock market marched upwards on Tuesday as hopes rose that the much-awaited leverage product will be introduced by month-end following approval given by the bourse's board to modification in its rules. more... (Tribune)

PM invites Kuwaitis to invest in Thar coal, Gwadar port
Prime Minister Syed Yousaf Raza Gilani on Tuesday urged two Kuwaiti financial giants to help Pakistan overcome its energy shortage and development of infrastructure through investments in Thar Coal and building of Gwadar Port's facilities. more... (Tribune)

Barter trade: Pakistan, India to route payments through banks
In a bid to stop profits from being used for terror funding or illegal Hawala system, India and Pakistan may monetise barter trade across the Line of Control (LoC), according to newspaper Indian Express. more... (Tribune)

No trading in listed certificates after April: SECP
The Securities and Exchange Commission of Pakistan (SECP) has announced that no trading in listed term finance certificates (TFCs) outside Bonds Automated Trading System (Bats) will be allowed beyond April 30. more... (Tribune)



'Raymond Davis does not have blanket immunity'
Former foreign minister Shah Mehmood Qureshi said on Wednesday that Raymond Davis, the US consular employee accused of shooting dead two Pakistanis in Lahore, does not enjoy blanket immunity. more... (Tribune)

Steel Mill using employees money to survive

On the rocks financially, the Pakistan Steel Mills (PSM) management is said to have secretly used Rs7.5 billion from its employees' fund to meet its rising operational expenditures after commercial banks refused to offer loans to the bankrupt organisation. more... (Tribune)

Taliban warns Pakistan against releasing Raymond Davis

The Pakistani Taliban warned the government on Tuesday it would punish any move to release a US consulate employee accused of murdering two Pakistanis in a case that has inflamed already strained ties with Washington. .more... Tribune)

Sector Briefing

Pak-Afghan Transit Trade: No financial guarantee, no agreement

Pakistan ruled out the possibility of making the Pak-Afghan Transit Trade Treaty operational without enforcing the condition of getting cashable financial guarantees on Kabul-bound goods to curb smuggling, said a top commerce ministry official on Tuesday. more... (Tribune)

PIA employees assured of continued benefits
Pakistan International Airlines (PIA) new managing director , Nadeem Khan Yousufzai has assured PIA employees of better facilities and full-benefits..more... (Tribune)

Engro seeks cut in fertiliser subsidies
Engro Corporation has called on the government to cut subsidies of the fertiliser sector, saying end users and beneficiaries of subsidies are now in a better condition owing to an increase in agriculture incomes. more... (Tribune)


KSE Notices

ICI Pakistan Limited Results
The company has announced a total dividend for the year 2010 of Rs. 17.50 per share. ICI Pakistan Ltd. has posted a PAT of Rs. 2,428,826,000. more... (KSE)

JS Investments results
The company has a loss of Rs. 14,976,043 for half year ended 31, Dec, 2010 translating in to LPS(loss per share) of 0.16. 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.