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  March 13, 2008 

Statistics
KSE 100 Index
Previous. Index
14,944.71
Current Index
15,171.42
Change %
1.52%
YTD ( CY' 07)
7.7%
YTD ( FY' 07)
10.1%

International Indicates
 
Close
Percentage
BSE-30
16,127.98
0.02%
HANGSENG
23,422.76
1.86%
NIKKEI 255
12,861.13
1.60%
FTSE
5,776.40
1.50%
DJI
12,110.24
(0.24)%
TSX
13,344.53
2.6%
KLSE
1,232.59
2.15%

S.C.R.A
11-03-2008
(78)
March
(81.5)
YTD (July-Date)
11.75

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
62.95
RS/UK
126.60
RS/EURO
97.05
RS/OMAN RIYAL
163.771

commodities
Oil
$109.64/barrel
Oil Change in %
0.85%
Gold
$985.80/ounce
Gold Change in %
1.03%

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
162.75mn
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

Oil pierces $110 a barrel
Oil pierced $110 a barrel on Wednesday, marking the sixth straight day of record highs, as the dollar sank to new lows and outweighed large increases in US crude inventories. Investors have raced into commodities over the past more... (BR)

New government urged to set short, long-term goals
New Government should set both short-term and long-term goals to meet the power shortage, price hike and law and order situation, said more... (BR)

Rs 14 billion non-development expenses slashed
The government has cut down non-developmental expenditures by Rs 14 billion to save at least some money to narrow down the budgetary deficit more... (BR)


Zardari acquitted in SGS Cotecna case
The Accountability Court Wednesday acquitted Asif Ali Zardari, co-chairman of Pakistan People's Party (PPP) and other two co-accused of the SGS Cotecna case more... (BR)

US working with Pakistan to deal with extremism: Rice
eal with extremism: Rice
Secretary of State Condoleezza Rice on Wednesday said the United States has been in consistent contact with Pakistan on dealing with violent extremism along more... (BR)

Fahim meets Zardari, avoids media
Pakistan Peoples Party Parliamentarian president Makhdoom Amin Fahim met Pakistan People's Party Co-chairman Asif Ali Zardari at latter's residence more... (BR)

sector Briefing

Atlas Bank pioneer in Siebel CRM implementation
Atlas Bank Limited - member of the Atlas Group - has announced the decision to procure and implement the Siebel Customer Relationship Management (CRM) solution from Oracle Corporation more... (BR)

ABL arranges Rs 13 billion for Maple Leaf Cement
Signing ceremony was held here to mark the financial close of Rs 13,000 million multiple syndicated facilities arranged by Allied Bank for Maple Leaf Cement Factory more... (BR)

SECP to conduct probe into NIB misstatement of results
The Securities and Exchange Commission of Pakistan (SECP) has decided to conduct an inquiry into the misstatement by NIB Bank regarding two announcements 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