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  February 28, 2008 

Statistics
KSE 100 Index
Previous. Index
15056.27
Current Index
15020.47
Change %
(0.24)%
YTD ( CY ' 07)
6.7%
YTD ( FY'07)
7.8%

International Indicates
 
Close
Percentage
BSE
17,825.99
0.11%
HANGSENG
24,483.84
3.20%
NIKKEI 255
14,031.30
1.49%
FTSE
6,076.50
(0.18)%
DJI
12,694.28
0.07%
TSX
1,380.02
(0.09)%
KLSE
1,376.62
0.08%

S.C.R.A
26-02-2008
14
February
168
YTD (July-Date)
104

Money Market Updates
Tbill Cut-off
 
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.27%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.49
RS/UK
123.905
RS/EURO
93.59
RS/OMAN RIYAL
163.519

commodities
Oil
$99.65/barrel
Oil Change in %
-1.96%
Gold
$957.80/ounce
Gold Change in %
0.13%

Inflation
CPI (YOY)
11.9%
CPI (July-Jan)
8.6%
CORE INFTN (YOY)
7.8%
CORE INFTN (July-Jan)
6.5%

Economic Indicators
$US (Billion)
14.08
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.63mn
Trade Deficit
$(10.33) bn
Curr. A/C (Jul'07-Jan'08)
$(7.5 ) bn
Remittances
$3.62 bn
Foreign Investment
$2.26 bn
Bank Deposits (Jan, 19,08)
3,555 bn

Economy

Tough decisions to improve ailing economy, Zardari tells traders
PPP Head Asif Ali Zardari told a 45-member business delegation on Wednesday that the new government will have to take tough decisions to improve the ailing economy more.... (D)

Yield on six-month T-bills raised
The State Bank of Pakistan raised cut-off yield on benchmark six-month treasury bills at an auction on Wednesday to 9.8024 per cent from 9.7269 precent more... (D)

Banks told to submit info about Sukuk
SBP has advised all Islamic banking institutions,Islamic banks and conventional banks having Islamic banking branches to provide information regarding issuance of more... (D)


171 MNAs-elect at Asif’s ‘show of strength’ party
Three major parties — PPP, PML-N and ANP — brought together on Wednesday a total of 171 members-elect at a “show of strength” luncheon meeting to prove their more... (D)

PPP, PML-N, ANP agree over restoration of deposed judges
Pakistan Muslim League-Nawaz (PML-N) Chairman Raja Zafarul Haq has said that leadership of PPP, PML-N and ANP agreed over the restoration of deposed judges more... (BR)

Obama repeats threat to attack targets inside Pakistan, Hillary calls it unwise
Pakistan once again was on the centre of the US presidential debate with Barack Obama repeating his threat to bomb ‘actionable’ terrorist targets inside the country more... (D)

Opposition claims two-thirds majority
Election-winning opposition parties claimed on Wednesday their incoming parliament coalition had secured a two-thirds majority, which would enable them to amend the constitution and also attempt to impeach embattled President more... (BR)

sector Briefing

Si3, Faysal Bank sign agreement
System Innovation (Si3) and Faysal Bank Limited have signed an agreement according to which Si3 would deploy global best practices Human Capital Management App more... (D)

Oil slides from record $102
Oil slipped more than $1 on Wednesday as rising inventories in top consumer the United States clipped a record rally past $102 a barrel. Investors have pumped cash into commodities in recent weeks, seeking a hedge against inflation and more... (BR)

OGDCL announces 20pc interim dividend
The Oil and Gas Development Company Limited (OGDCL) on Wednesday announced an interim cash dividend of Rs2 per share (20 per cent) to the shareholders for more... (D)

Hubco holds tariff talks with Nepra for new unit
The Hub Power Company Limited (Hubco) has held talks with the National Electric Power Regulatory Authority (Nepra) in regard to tariff structure more... (D)

(D): Dawn (BR): Business Recorder
seprator
Research Team:
Ali Khizar Aslam
Department Head

Erum Zehra
Product Analyst 
Zhoaib Kabani
Technical Analyst
Murshed Ali Qureshi
Analyst
Ayub Khuhro
Analyst
Seprator
Disclaimer:
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.