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  March 14, 2008 

Statistics
KSE 100 Index
Previous. Index
15,171.42
Current Index
15,074.74
Change %
(0.64)%
YTD ( CY' 07)
7.0%
YTD ( FY' 07)
9.45%

International Indicates
 
Close
Percentage
BSE-30
15,357.35
(4.47)%
HANGSENG
22,301.64
(4.80)%
NIKKEI 255
12,433.44
(3.30)%
FTSE
5,692.40
(1.45)%
DJI
12,145.74
0.29%
TSX
13,297.35
(0.35)%
KLSE
1,201.35
(2.48)%

S.C.R.A
12-03-2008
(3.1)
March
(85)
YTD (July-Date)
8.5

Money Market Updates
Tbill Cut-off
 
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.31%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.72
RS/UK
127.26
RS/EURO
97.52
RS/OMAN RIYAL
163.771

commodities
Oil
$109.61/barrel
Oil Change in %
(0.02)%
Gold
$995.70/ounce
Gold Change in %
3.84%

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
162.75mn
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

Dollar, gold, oil hit life highs
The dollar sank to a record low against the euro, gold surged beyond the $1,000 level and oil pushed further into uncharted territory on another traumatic day for global more... (D)

Reserves
Pakistan’s foreign exchange reserves rose by $79 million to $14.142 billion in the week that ended on March 8, the central bank said on Thursday more... (D)

Overspending causes budget deficit
The overspending of public sector development allocations by the former ruling party just before elections caused a higher than expected budget deficit for the current more... (D)

Caretakers set fresh record of borrowing
The caretaker government has set a new record of borrowing which has pushed inflation to a record high, ruining all the efforts made by the previous government for economic improvement more... (D)


Fahim rejects offer to become president
The crisis in the Pakistan People’s Party deepened on Thursday when co-chairman Asif Ali Zardari and senior vice-chairman Makhdoom Amin Fahim failed to resolve their differences more... (D)

Protest lodged over US firing
Pakistan lodged a protest with coalition forces in Afghanistan on Thursday after two Pakistani women and two children were killed by US fire from across the border more... (BR)

Unilateral US action in Pakistan opposed
A leading US expert on South Asia has warned that any unilateral US action to secure Pakistan’s nuclear weapons would be highly counter-productive and could more... (D)

sector Briefing

Company news
The UBL Fund Manager and Pak-Qatar Family Takaful on Thursday signed an agreement that will provide UBL Funds’ investors Islamic investment plans with Shariah compliant accidental and medical Takaful coverage more... (D)

NIB Bank admits error, denies wrongdoing
NIB Bank President Khawaja Iqbal Hassan has said that his bank regrets the error that had crept up in the reporting of consolidated financial figures on Feb 27 more... (D)

Pakistan on provisional iTraxx indexes
Markit has included Pakistan in the new iTraxx credit default swap indexes that cover Asia excluding Japan, indicating increasing interest in the country from 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