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  March 24, 2008 

Statistics
KSE 100 Index
Previous. Index
14,964.42
Current Index
14,993.98
Change %
0.19%
YTD ( CY' 07)
6.51%
YTD ( FY' 07)
8.8%

International Indicates
 
Close
Percentage
BSE-30
14,994.83
1.08%
HANGSENG
21,108.22
(3.47)%
NIKKEI 255
12,482.57
1.80%
FTSE
5,495.20
(0.91)%
DJI
12,361.32
2.16%
TSX
12775.64
0.52%
KLSE
1,186.06
0.25%

S.C.R.A
20-03-2008
(22)
March
(151)
YTD (July-Date)
(56)

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
62.78
RS/UK
124.430
RS/EURO
96.93
RS/OMAN RIYAL
163.53

commodities
Oil
$100.23/barrel
Oil Change in %
(1.71)%
Gold
$912.00/ounce
Gold Change in %
(2.62)%

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
162.83mn
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

Pakistan considering joining Nato forces
Pakistan is mulling to join Nato forces, engaged in Afghanistan, by associating its regular army officers in the name of Liaison Officers for which formal talks are expected shortly more... (BR)

Inflation up by 17.03 percent
The SPI inflation surged by 17.03 percent in week ending March 20 over the same period of last year, according to Federal Bureau of Statistic on Saturday more...

Two percent rise in CFS investment
Investment under Continuous Funding System (CFS) at Karachi share market during the week ended on March 20 rose by Rs 1.12 billion, or 2 percent, to Rs 54.6 billion. The CFS rate also jumped by 12 bps to close at 11.18 percent more... (BR)

State Bank launches new-look Rs 20 banknote
he State Bank of Pakistan on Thursday launched new-look Rs 20 banknote with new colours and directed all offices of SBP Banking Services Corporation to issue new note with effect from March 22, 2008 more... (BR)


Gilani set to win overwhelming NA approval
The new National Assembly will put President Pervez Musharraf’s political opponents in power on Monday after more than eight years of exclusion more... (D)

MQM reiterates its support is unconditional
A Muttahida Qaumi Movement (MQM) team met PPP’s candidate for the post of prime minister Syed Yusuf Raza Gilani at the Parliament House on Sunday to assure him of MQM’s support more... (D)

Nawaz opposes MQM’s inclusion in govt
Pakistan Mulism League-N leader Mian Nawaz Sharif has expressed reservations over inclusion of the Muttahida Qaumi Movement in the coalition government more... (D)

Real democratic era begins: Musharraf
Embattled President Pervez Musharraf Sunday said that a real democratic era had begun in his country following elections and he would give full support to the new government more... (BR)

sector Briefing

Misdeclared goods exporters' gang busted
The Model Customs Collectorate (MCC), Pakistan Customs Computerised System (PACCS), Karachi, has busted a gang of exporters who tried to clear four grossly Misdeclared export consignments to claim huge amount of duty drawback more..

PSO proposes long-term fuel supply pacts with Gencos
The Pakistan State Oil (PSO) has proposed a long-term fuel supply agreement (FSA) between the Gencos and oil marketing companies (OMCs) so that furnace oil orders could be met timely on monthly or fortnightly basis more... (BR)

India test-fires Agni-1 missile
India test-fired nuclear-capable surface-to-surface Agni-1 missile on Sunday in the Bay of Bengal on Orissa coast. Officials associated with this test-fire said the 15-metre long Agni-1 missile, weighing about 12 tonnes, with a range of 700-800 km is capable of carrying both conventional as well as nuclear warheads of 1,000 kg 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