Feb 18, 2011

KSE-100 Index
Previous Index 12.077.54
Current Index 12,061.77
Change % -0.13%
YTD (CY11) 0.32%
YTD (FY11) 24.06%

International Indicators
  Close %age
BSE-30 18,506.80 1.13
HANGSENG 23,301.84 0.63
NIKKEI 255 10,836.64 0.26
FTSE 6,087.38 0.03
DJIA 12,318.14 0.24
SSEC 2,926.96 0.95
NASDAQ 2,831.58 0.21
TASI 6,486.83 -1.80
KSE(Kuwait) 6,559.50 -1.38
BSE 1,475.10 0.58
MSM 6,971.58 -0.33

Feb 15, 2011 0.28
Feb, 2011 (2.52)
YTD (FY11) mn 198.23

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 136.65
PKR/USD 85.39
PKR/OMR 221.60

Oil $86.30/barrel
Change in % 1.50%
Gold $1,385.10/ounce
Change in % 0.51%

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 17, 2011
Funds Offer Redemption
POAIIF 52.6003/- 52.0743/-
Daily Return 9.70%
POIAAF 63.15/- 61.57/-
Daily Return -50.25%
POAAAF 59.02/- 57.54/-
Daily Return -163.45%
POAF 10.40/-
Daily Return 12.68%
*Daily Returns are calculated as per MUFAP guidelines

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

$1 billion Convertible Bonds termed 'hybrid' instrument: PC's proposal to support OGDCL
The Privatisation Commission's proposal regarding issuance of upto $1 billion Convertible Bonds to support Oil and Gas Development Company Limited (OGDCL) has been termed as 'hybrid' instrument and will create on debt to be served later. more... (BR)

Energy crisis causing two percent loss in GDP, seminar told
Energy crisis in Pakistan had been causing a loss of 2 percent in GDP- Rs 75 billion in terms of exports reduction whereas hundred of thousands get jobless every year. These were the concerns shown by experts while addressing at a seminar on "Energy Security and Climate Change" organised by Associate, Sustainable Development Policy Institute (SDPI) by (SDPI) here on Thursday. more... (BR)

HP considers Pakistan important IT market: Arshad Arain
The HP International has always considered Pakistan as important country to initiate new ventures and it's focusing on Pakistani market and would soon bring substantial investment in the sector.This was stated by Arshad Arain, Partner Business Manager HP. more... (BR)




Benazir assassination case: Musharraf, APML strike defiant tone on indictment
The All Pakistan Muslim League (APML) will stage protests across the country on Friday (today) against the indictment of party leader and former President Pervez Musharraf in the trial investigating former Prime Minister Benazir Bhutto's assassination. more... (ET)

Proposed US aid favours military

A look at the foreign assistance proposed by the US administration for Pakistan in its 2012 budget gives an insight into that country's role in the region and its interest in seeing the elimination of militancy and terrorism in Pakistan. more... (ET)

Single issue: Pak-US strategic partnership should not be compromised, says Zardari

President Asif Ali Zardari on Wednesday said the strategic partnership between Pakistan and US should not be allowed to be sacrificed or compromised on any single issue. The President expressed these views in a meeting with Senator John Kerry, Chairman of US Senate Foreign Relations Committee here at the Aiwan-e- Sadr on Wednesday. more... (BR)

Davis case: LHC orders arrest of accused in Ibad's killing
The Lahore High Court (LHC) on Friday ordered provincial authorities to arrest the accused involved in the death of Ibadur Rehman, a citizen who was killed when a US consulate car sent to assist Raymond Davis knocked him down on January 27 in Lahore, DawnNews reported. more... (D)


Sector Briefing

14-15 percent hike in international oil prices: MoF insists increase be passed on to consumers

While putting aside all political pressure, the Finance Ministry is insisting on passing on increase in oil prices ranging between 14 to 15 percent to consumers in March 2011. The move aims at controlling the budget deficit so as to get the IMF programme restored, Business Recorder has reliably learnt. more... (BR)

DGKC net falls 59pc to Rs192mn
Dera Ghazi Khan Cement Limited (DGKC) Thursday posted net earnings of Rs192 million (EPS: Rs0.53) for the first half of FY11, against Rs470 million (EPS: Rs 1.29) in same period last year. more... (TFD)

Non-payment of dues: PSO suspends fuel supplies to power sector
The cash-strapped Pakistan State Oil (PSO) on Thursday suspended fuel supplies to power sector on credit due to non-payment of dues. However, later the fuel supply to Pakistan Electric Power Company (Pepco) was restored but supply to M/s Hubco and Kapco remained suspended till filing of this report. more... (BR)


KSE Notices

Karachi Electric Supply Company Limited
The company has announced the financial results for the period ended Dec 31, 2010 with LAT:PKR3.11bn LPS: PKR0.16. more... (KSE)

Kot Addu Power Company Limited
The company has announced the financial results for the period ended Dec 31, 2010 with PAT:PKR3.85bn EPS: PKR4.37. 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.