Feb 21, 2011

KSE-100 Index
Previous Index 12,061.77
Current Index 12,041.15
Change % -0.17%
YTD (CY11) 0.16%
YTD (FY11) 23.86%

International Indicators
  Close %age
BSE-30 18,211.52 -1.52
HANGSENG 23,595.24 1.26
NIKKEI 255 10,842.80 0.06
FTSE 6,082.99 -0.07
DJIA 12,391.25 0.59
SSEC 2,926.96 0.95
NASDAQ 2,833.95 0.08
TASI 6,333.91 -0.78
KSE(Kuwait) 6,394.20 -2.52
BSE 1,471.54 -0.24
MSM 6,895.01 -1.10

Feb 18, 2011 2.05
Feb, 2011 (0.98)
YTD (FY11) mn 199.77

Money Market Updates
6m T-bill 09-Feb-11 13.69%
12m T-bil 09-Feb-11 13.86%
3m KIBOR 13.61%
6m KIBOR 13.76%
10 yrs PIB 14.19%

Exchange Rates
Inter-Bank Currency Rates
PKR/EUR 114.99
PKR/GBP 136.65
PKR/USD 85.49
PKR/OMR 220.3

Oil $87.35/barrel
Change in % 1.21%
Gold $1,395.30/ounce
Change in % 0.71%

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 (Feb 12, 2011) $17.44 bn
Trade Balance (Jul - Jan 10) $(9.32)bn
Curr. A/C (Jul-Jan 10) $(81)mn
Remittances (July - Jan 10) $6.12bn
Foreign Investment (Jul - Jan 10) $1.18bn
All Sch. Banks Deposit Base (Jan 21, 2010) Rs704.34bn

NAVs and Returns
as of Feb 18, 2011
Funds Offer Redemption
POAIIF 52.6274/- 52.1011/-
Daily Return 9.85%
POIAAF 63.06/- 61.48/-
Daily Return -53.35%
POAAAF 59.02/- 57.54/-
Daily Return 0.00%
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-

Min VAT on electrical gadgets' import: FBR wants rate be raised to two percent
The Federal Board of Revenue (FBR) has proposed to the Ministry of Finance to enhance the minimum rate of value-addition tax from 0.75 percent to 2 percent for importers and manufacturers of electrical appliances, to generate additional amount of sales tax in 2010-11. more... (BR)

Experts fear worst water crises in next few years
The country is going to face the worst water shortage in next couple of years due to insufficient water management practices and storage capacity, agriculture, experts said on Sunday. Former Director of Kalabagh Dam Project, Engr. Mumtaz Ahmed Khan described Pakistan's water shortage as "deeply troubling." He quoted South Asia scholar Anatol Lieven as saying that water shortages pose greatest future threat to the viability of Pakistan as a state and a society. more... (BR)

Currency hopes backs inflation-hit emerging bonds

Currency appreciation bets have taken centre-stage in emerging bond investors' strategies for 2011 as they hope surging inflation will force central banks across the developing world to let exchange rates rise. Central banks have accelerated the pace of interest rate increases, with China hiking rates twice in six weeks and Indonesia finally kicking off its policy tightening campaign. more... (TFD)






Davis a CIA operative: Guardian
The American who shot dead two men on a Lahore street, triggering a diplomatic crisis between Pakistan and the United States, is a CIA agent who was on assignment at the time of the incident, says a report in the Guardian. more... (D)

FIA prepares list of charges against Kazmi

The Federal Investigation Agency (FIA) has prepared a list of charges against former religious affairs minister Hamid Saeed Kazmi for alleged corruption in arrangements made in Saudi Arabia for Pakistani Haj pilgrims last year. more... (D)

Punjab cabinet: PML-N to decide PPP's fate on February 25
Pakistan Muslim League-Nawaz (PML-N) chief Mian Nawaz Sharif has called key party meeting in Lahore on February, 25 and it is expected the meeting will take a final decision to oust of Pakistan People's Party (PPP) ministers from Punjab's coalition government. more... (BR)





Sector Briefing

Proposed deputation policy amendment: OGDC management to seek BoD nod The Oil and Gas Development Company Limited (OGDC) management is going to seek approval of controversial amendment in ''Deputation Policy'' from Board of Directors (BoD) scheduled to meet on February 24, 2011 which would, reportedly, guarantee a lucrative financial package to officials deputed on key posts in the company. more... (BR)

MT Lahore carrying 71,000 MT furnace oil arrives
PNSC ship M T Lahore carrying 71,000 metric tons furnace oil from Kuwait arrived here at Port Qasim. According to a statement issued here Sunday, a ceremony on the occasion was organised by Country Manager, Kuwait Petroleum Corporation Ms Talat Jabeen. more... (TFD)

20 percent production boost: German firm offers latest technology to OGDCL, PPL
Germany has offered new technology to Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and other exploration companies to enhance minimum 20 percent production of oil and gas from the reservoirs on 50 percent production sharing formula. more... (BR)


KSE Notices

Mybank Limited
The company has announced the financial results for the period ended Dec 31, 2010 with LAT:PKR2.42bn LPS: PKR1.97. more... (KSE)

Deewan Mustaq Textile Mills Limited
The company has announced the financial results for the period ended Dec 31, 2010 with PAT:PKR49.170mn EPS: PKR14.32. 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.