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  March 20, 2008 

Statistics
KSE 100 Index
Previous. Index
14,728.47
Current Index
14,964.42
Change %
1.62%
YTD ( CY' 07)
6.3%
YTD ( FY' 07)
8.6%

International Indicates
 
Close
Percentage
BSE-30
14,994.83
1.00%
HANGSENG
21,866.94
2.26%
NIKKEI 255
12,260.44
2.48%
FTSE
5,545.80
(1.07)%
DJI
12,099.66
(2.36)%
TSX
13,136.70
(0.87)%
KLSE
1,186.54
0.53%

S.C.R.A
18-03-2008
(16.4)
March
(117)
YTD (July-Date)
(23)

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
62.86
RS/UK
126.06
RS/EURO
98.25
RS/OMAN RIYAL
163.64

commodities
Oil
$101.98/barrel
Oil Change in %
(6.6)%
Gold
$936.60/ounce
Gold Change in %
(5.2)%

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
162.81mn
Trade Deficit
$(12.43)bn
Curr. A/C (Jul'07-Jan'08)
$(7.51 )bn
Remittances
$4.12bn
Foreign Investment
$2.61 bn
Bank Deposits
(Jan, 19,08)
Rs.3,555 bn

Economy

44 percent decline in foreign investment
Political uncertainty and poor law and order situation have reduced foreign investment by about $2 billion, or 44 percent, from $4.62 billion, during eight months of the current fiscal year more... (BR)

FBR to surpass psychological barrier of Rs one trillion in fiscal year 2008
The Federal Board of Revenue will cross the psychological barrier of Rs one trillion mark in 2007-2008, expecting that economy would remain stable in the country more... (D)

New government must sustain economic growth, says Musharraf

President Pervez Musharraf Wednesday said the new government can meet the challenges of terrorism, energy crisis, rising fuel and food prices through good governance and by always keeping "Pakistan First" more... (D)

CPI-based inflation declined marginally in February: Finance
The Federal Finance Ministry has claimed that overall CPI-based inflation had registered a marginal decline in February 2008 compared with January 2008 on year-on-year basis more... (BR)


Fehmida elected first woman Speaker
Members of the new National Assembly from a new ruling alliance on Wednesday disseminated rhetorically-controlled but substantially strong anti-Musharraf signals as they elected Speaker and Deputy Speaker more... (BR)

Bilawal to announce name of new PM
Pakistan People’s Party co-chairman Asif Ali Zardari has called his son Bilawal Bhutto Zardari, who is chairman of the party, from the UK to announce the name of candidate for the post of prime minister more... (D)

Fahim wants coalition to name PM candidate

PPP Parliamentarians president Makhdoom Amin Fahim has called upon the leadership of the parties in the new ruling coalition to jointly name a candidate for the post of more... (D)

sector Briefing

MOL Pakistan makes oil and gas discovery
The Ministry of Petroleum & Natural Resources on Wednesday announced a new discovery of oil and gas in TAL block located at NWFP. MOL Pakistan is the operator with 10 percent working interest in the block more... (D)

Loadshedding duration will be increased to six hours: Pepco deficit touches 3,000MW
The Pakistan Electric Power Company (Pepco) says that its deficit has gone up to 3,000 megawatts — about 25 per cent of the peak demand of 12,000MW more... (BR)

SBP injects Rs33.75bn into money market
The State Bank of Pakistan injected a huge liquidity on Wednesday to soften the dry inter-bank money market which kept the rates just close to the discount rate for more than a week more... (D)

Healthy buying pushes up KSE index
Healthy buying was witnessed at the Karachi share market on Wednesday as the KSE-100 index recovered 237.88 points to close at 14,964.42 points level. The KSE-30 index gained 343.77 points and settled at 18,238.44 points level 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