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  March 28, 2008 

Statistics
KSE 100 Index
Previous. Index
15,198.86
Current Index
15,274.53
Change %
0.50%
YTD ( CY' 07)
8.50%
YTD ( FY' 07)
10.90%

International Indicates
 
Close
Percentage
BSE-30
16,015.36
(0.44)%
HANGSENG
22,664.22
0.21%
NIKKEI 255
12,604.58
(0.80)%
FTSE
5,717.40
1.01%
DJI
12,302.46
(0.97)%
TSX
12,775.64
0.52%
KLSE
1,245.42
1.25%

S.C.R.A
26-03-2008
(5.5)
March
(93.3)
YTD (July-Date)
122

Money Market Updates
Tbill Cut-off
 
1 year
10.1235%
6 month
9.8024%
KIBOR ( 6 months)
10.38%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.92
RS/UK
126.41
RS/EURO
99.42
RS/OMAN RIYAL
163.95

commodities
Oil
$106.85/barrel
Oil Change in %
0.42%
Gold
$948.90/ounce
Gold Change in %
(0.84)%

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)
13.50
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.87mn
Trade Deficit
$(12.43)bn
Curr. A/C (Jul'07-Jan'08)
$(8.42)bn
Remittances
$4.12bn
Foreign Investment
$2.61 bn
Bank Deposits
(Jan, 19,08)
Rs.3,555 bn

Economy

Pakistan must act to avert economic crisis: World Bank
Pakistan must make rapid adjustments and reforms to avert an economic crisis as it suffers the impact of high international prices for petroleum and food such as wheat, the World Bank said more... (BR)

Current account deficit soars to $8.4 billion
Country's current account (CA) deficit climbed by some 44 percent to new peak level of 8.4 billion dollar during the July-February of current fiscal year due to the rising goods and services trade deficit more... (BR)

Pakistan may face burden of external debt-servicing
Pakistan is likely to face a higher external debt-servicing burden as repayments of rescheduled non-ODA Paris Club stock resume in 2008 and some foreign currency bonds mature more... (D)


Gilani hints at reviewing policies
In the first-ever briefing, Prime Minister Syed Yusuf Raza Gilani on Thursday hinted at overall review of the existing policies for seizing downward trend in the economy, besides providing immediate relief to under-privileged sections of the society more... (BR)

Iftikhar’s meeting with Asif invites criticism
ustice Iftikhar Mohammad Chaudhry, along with some of the deposed judges of the Peshawar High Court, met PPP co-chairperson Asif Ali Zardari at the latter’s residence here on more... (D)

Senate body for greater empowerment of women
Senate Standing Committee on Women Development has called for creation of conditions to promote and facilitate greater empowerment of women through better education and employment opportunities with a view to bringing them into the mainstream more... (D)

sector Briefing

Sino-Pak coal-fired power corporation proposed
Pakistan and China are likely to establish a joint power corporation, main objective of which is stated to be making arrangements for setting up coal-fired power plants using imported and domestic raw material more... (BR)

Money rates ease, rupee firmer
Short-term money rates fell sharply on Thursday amid increased liquidity and dealers said they expected rates to remain around current levels for the rest of the week more... (D)

Cement prices hit all-time highs
The powerful cartel of cement makers continues to cash the rising demand as they have further increased the rate of 50 kg bag by Rs5-10 on Thursday more... (D)

Company news
Meezan Islamic Fund (MIF), the largest equity fund in the private sector in the country, has received 5-star ranking from JCR-VIS Credit Rating Company. MIF is an open-ended fund 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