BasedLine
LOGO
  March 12, 2008 

Statistics
KSE 100 Index
Previous. Index
14,913.29
Current Index
14,944.71
Change %
0.21%
YTD ( CY' 07)
6.16%
YTD ( FY' 07)
8.51%

International Indicates
 
Close
Percentage
BSE-30
16,123.15
1.25%
HANGSENG
22,995.35
1.30%
NIKKEI 255
12,658.28
1.01%
FTSE
5,690.40
1.09%
DJI
12,156.81
3.55%
TSX
13,005.09
(2.0)%
KLSE
1,206.54
2.8%

S.C.R.A
10-03-2008
(9.81)
March
(81.5)
YTD (July-Date)
11.83

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
62.85
RS/UK
126.20
RS/EURO
96.45
RS/OMAN RIYAL
163.931

commodities
Oil
$108.71/barrel
Oil Change in %
0.90%
Gold
$975.70/ounce
Gold Change in %
0.3%

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)
14.063
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.7mn
Trade Deficit
$(12.43) 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

SBP asks banks to stop illegal transactions of tax refund
State Bank of Pakistan (SBP) has directed banks to immediately stop the practice of crediting multiple Income Tax Refund Orders belonging to different beneficiaries more... (BR)

February food inflation soars to 16.05 percent
The Consumer Price Index (CPI), a key indicator of inflation, rose 11.25 percent in February 2008 with soaring 16.05 percent food inflation over the same period of last year more... (BR)

Fiscal deficit likely to touch five percent of GDP
The country's fiscal deficit is likely to touch 5 percent of GDP by end-June due to rising oil subsidy and domestic debt servicing, besides higher development expenditures, economists believe more... (BR)


Musharraf convenes National Assembly session on March 17
President Pervez Musharraf has convened for next week the maiden session of National Assembly wherein at least more than half of members are in favour of puttinb more... (BR)

Deposed judges: US shies away from taking stance
The United States, which views President Pervez Musharraf as a vital ally in fighting terrorism, shied away on Monday from taking a stance on the possible restoration more... (BR)

30 die, 170 injured in twin blasts: provincial FIA Headquarters in Lahore targeted
At least 30 people died and over 170 injured, 20 of them seriously, when two powerful explosions ripped through the provincial metropolis on Tuesday morning more... (BR)

sector Briefing

Petrol pumps commission: massive revenue leakage detected in withholding tax collection
Substantial revenue leakage has been detected in withholding tax collection from the commission paid on sale of petroleum products to petrol pumps more... (BR)

'Wapda supplying power to KESC at double rate'
Water and Power Development Authority (Wapda) is supplying electricity to the Karachi Electric Supply Corporation (KESC) at double the rate as compared to the other organisations more... (BR)

Pakistan and Iran to sign gas sale accord next month
Iran will sign a final agreement to export gas via pipeline to Pakistan in April. Iran, the world's No 2 holder of oil and gas reserves, has completed half of the pipeline more... (BR)

(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