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  March 27, 2008 

Statistics
KSE 100 Index
Previous. Index
15,182.38
Current Index
15,122.76
Change %
(0.39)%
YTD ( CY' 07)
7.42%
YTD ( FY' 07)
9.80%

International Indicates
 
Close
Percentage
BSE-30
15,289.40
1.96%
HANGSENG
22,464.52
6.43%
NIKKEI 255
12,745.22
2.10%
FTSE
5,689.10
3.53%
DJI
12,532.61
(0.13)%
TSX
12,775.64
0.52%
KLSE
1,229.95
2.4%

S.C.R.A
24-03-2008
63
March
(88)
YTD (July-Date)
(5.3)

Money Market Updates
Tbill Cut-off
 
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.38%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.84
RS/UK
125.24
RS/EURO
97.61
RS/OMAN RIYAL
163.69

commodities
Oil
$101.80/barrel
Oil Change in %
1.54%
Gold
$941.40/ounce
Gold Change in %
1.91%

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

S&P maintains negative outlook on Pakistan debt
Standard & Poor's maintained its negative outlook on Pakistan on Tuesday despite the appointment of a new prime minister as the country still faced tough decisions over its growing fiscal deficit more... (BR)

‘Non-Shariah income will go to charity account’
The State Bank of Pakistan has empowered Shariah advisers of Islamic banks that if any income is declared as non-Shariah compliant, the entire amount will be credited to ‘charity account’ opened for this purpose more... (D)

Banks cartelization
The decision to determine whether banks were involved in any sort of cartelisation or otherwise will be announced by the Competition Commission of Pakistan in the first week of April more... (D)

US share in foreign investment reaches 56 percent
The United State of America (USA) share in overall foreign investment has reached 56 percent, exceeding the one billion dollar mark in first eight months of current fiscal year 2008 more... (D)


Bush ready to work with new Prime Minister
US President George W. Bush spoke on Tuesday by telephone to new Prime Minister Yousuf Raza Gilani on the importance of the fight against terrorism and expressed his readiness to work with the new leader more... (BR)

We have to ensure supremacy of parliament: Gilani
President Pervez Musharraf and Prime Minister Yousuf Raza Gilani on Tuesday stressed the need for political forces in the country to get united to effectively confront the challenges of terrorism, extremism and economic issues more... (BR)

Indian PM seeks ‘best ever’ ties with Pakistan
Indian Prime Minister Manmohan Singh told his new Pakistan counterpart Syed Yusuf Raza Gilani on Tuesday that he expects India-Pakistan relations to evolve to become the “best ever” between the two countries more... (D)

sector Briefing

Manzalai Field uplift: MOL Pakistan signs $119 million deal with PDIL
The MOL Pakistan, the operator of Tal Block, has signed a contract for the Manzalai Field Development Surface Facilities, worth $119 million with a consortium, PDIL, here. Mazalai field is located in Karak and Hangu districts of NWFP more... (BR)

Cash margin in CFS Mk-II modified
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday agreed to waive the requirement of initial margin in ‘cash’ under the CFS Mk-II, removing a major hurdle more... (D)

'Pakistan can increase its share in markets of China and Malaysia'
Pakistan has got best opportunity to increase its share in 791 billion dollars import market of China and 131.13 billion dollars import market of Malaysia by improving its marketing strategy, products quality and presentation 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