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  March 19, 2008 

Statistics
KSE 100 Index
Previous. Index
15,043.47
Current Index
14,728.47
Change %
(2.00)%
YTD ( CY' 07)
4.6%
YTD ( FY' 07)
6.9%

International Indicates
 
Close
Percentage
BSE-30
14,833.46
0.16%
HANGSENG
21,384.61
1.42%
NIKKEI 255
11,964.16
1.50%
FTSE
5,605.80
3.54%
DJI
12,392.66
3.51%
TSX
13,252.84
(1.41)%
KLSE
1,180.02
0.25%

S.C.R.A
17-03-2008
16.16
March
(101.2)
YTD (July-Date)
(7.8)

Money Market Updates
Tbill Cut-off
 
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.36%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.85
RS/UK
125.54
RS/EURO
98.92
RS/OMAN RIYAL
163.62

commodities
Oil
$108.28/barrel
Oil Change in %
2.15%
Gold
$988.70/ounce
Gold Change in %
(1.3)%

Inflation
CPI (YOY)
11.3%
CPI (July-Feb)
8.9%
CORE INFTN (YOY)
8.1%
CORE INFTN (July-Feb)
6.8%

Economic Indicators
$US Reserves (Billion)
14.14
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.79mn
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

KESC told to make all payments directly to Pepco
A high-level meeting, convened on Tuesday to resolve a stand-off between Pakistan Electric Power Company and Karachi Electric Supply Company, directed the latter to deposit all the payments received from the federal and provincial departments directly in the account of Pepco more... (BR)

Delay in payments by US hurts fiscal targets: rising expenditures due to war

The country's rising expenditures on war against terror and delay in payments by US are endangering the budget targets and increasing the government's budgetary borrowing, which has already been up more... (BR)

New govt urged to evolve policies afresh
The President of Lahore Chamber of Commerce and Industry, Mohammad Ali Mian, has called upon the members of the National Assembly to use their expertise and wisdom to more...(D)


Parliament set to elect first female Speaker
The formation of an anti-Musharraf government took on Tuesday another concrete step forward when rival candidates from a mighty ruling and a weak opposition alliance filed nominations for the slots of the Speaker and the Deputy Speaker more.... (BR)

Asif may spring a surprise: New premier
Pakistan People’s Party (PPP) co-chairman Asif Zardari is reported to have selected the party’s candidate for the post of prime minister but he will make it public after the announcement of the election schedule more... (D)

Formula envisages 40-strong cabinet
The partners in the coming coalition government — the PPP, PML-N, ANP and JUI-F — on Tuesday worked out a formula for power-sharing but left the crucial details more... (D)

sector Briefing

Wages of bank executives jump by 55pc: Spending up by 27pc in 2007
The banks administrative expenses shot up by average 27 per cent during the year ended on December 31, 2007 more... (D)

KSE 100-share index plunges by 317 points
The KSE 100-share index on Tuesday virtually crashed from the recent highs by 317 points or 2.11 per cent on panic selling triggered by a massive plunge on more... (D)

Americans believe US economy in recession
Majority of Americans think the country is in a recession, a USA Today/Gallup Poll said on Tuesday after the stock market crisis which was triggered by the collapse of Bear Stearns financial group more... (D)

Nafa Income Fund
The National Fullerton Asset Management Limited will launch Nafa Income Fund (NIF) in the last week of this month 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