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  March 06, 2008 

Statistics
KSE 100 Index
Previous. Index
14,736.34
Current Index
14,957.82
Change %
1.50%
YTD ( CY' 07)
6.25%
YTD ( FY' 07)
8.6%

International Indicates
 
Close
Percentage
BSE
16,339.89
%
HANGSENG
23,114.34
(0.02)%
NIKKEI 255
12,972.06
(0.20)%
FTSE
5,853.50
1.49%
DJI
12,254.99
0.34%
TSX
13,544.38
(0.28)%
KLSE
1,280.23
(2.57)%

S.C.R.A
04-03-2008
(32)
March
(27)
YTD (July-Date)
67

Money Market Updates
Tbill Cut-off
 
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.26%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.85
RS/UK
124.10
RS/EURO
95.35
RS/OMAN RIYAL
164.037

commodities
Oil
$104.50/barrel
Oil Change in %
4.94%
Gold
$987.80/ounce
Gold Change in %
2.24%

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

Economic Indicators
$US Reserves (Billion)
14.14
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.69mn
Trade Deficit
$(10.33) bn
Curr. A/C (Jul'07-Jan'08)
$(7.51 ) bn
Remittances
$3.62 bn
Foreign Investment
$2.26 bn
Bank Deposits (Jan, 19,08)
3,555 bn

Economy

Cement and rice to be exported to Sri Lanka
Pakistan will supply cement and rice to Sri Lanka, a private television channel reported. Sri Lankan government would import cement from Pakistan through the recently more... (BR)

Melting dollar gears up forex outflow
About $1.4 billion flushed out from the reserves of the State Bank of Pakistan within one-and-a-half months, mounting pressure on the melting dollar reserves more... (D)

KATS ready for financial information exchange
The Karachi Stock Exchange announced on Wednesday readiness of Karachi Automated Trading System (KATS) for the Financial Information Exchange more... (D)


Graft cases against Zardari dismissed
The Rawalpindi Accountability Courts (ACs) dismissed seven corruption references against PPP Co-Chairperson Asif Ali Zardari and Rehman Malik here on more... (BR)

PPP, PML-N ‘poles apart’ on judges issue
The PPP and the PML-N remain “poles apart” on the issue of reinstatement of the deposed judges of superior courts and ties with President Pervez Musharraf more... (D)

Two-thirds majority not needed to restore judges: Aitzaz
President Supreme Court Bar Association (SCBA) Aitzaz Ahsan said on Wednesday that two-thirds majority in parliament was not required for reinstating more... (D)

sector Briefing

Roosevelt Hotel issue left to new government
The Privatisation Commission has not taken the Cabinet Committee on Privatisation (CCoP) decision for Roosevelt Hotel sell-off seriously, leaving it to the coming more... (BR)

Saudi-Pak raises paid-up capital
The board of directors of the Saudi-Pak Insurance Company has decided to increase the paid-up capital of the company from Rs250 million to Rs375 million by issuing 50 per cent right shares at par more... (D)

Accord for Islamic mutual fund
The Pak Oman Asset Management Company Limited (POAMCL) and Meezan Bank have entered into a technical services and support agreement.According to the agreement, Meezan Bank will facilitate POAMCL more... (D)

Takaful cover
Pak-Qatar Family Takaful will provide Takaful coverage to participants of Atlas Pension Islamic Fund 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