BasedLine
LOGO
  April 01, 2008 

Statistics
KSE 100 Index
Previous. Index
15,268.14
Current Index
15,125.89
Change %
(0.93)%
YTD ( CY' 07)
7.4%
YTD ( FY' 07)
9.8%

International Indicates
 
Close
Percentage
BSE-30
15,644.44
(4.44)%
HANGSENG
22,849.20
(1.88)%
NIKKEI 255
12,525.54
(2.30)%
FTSE
5,702.10
0.16%
DJI
12,262.89
0.38%
TSX
13,233.79
(1.28)%
KLSE
1,247.52
(0.86)%

S.C.R.A
28-03-2008
7.06
March
(111)
YTD (July-Date)
(17.4)

Money Market Updates
Tbill Cut-off
 
1 year
10.1235%
6 month
9.8024%
KIBOR ( 6 months)
10.32%
PIB (10 years)
11.45%

Exchange Rates
Rs/US
62.69
RS/UK
124.75
RS/EURO
99.07
RS/OMAN RIYAL
162.99

commodities
Oil
$101.73/barrel
Oil Change in %
(3.10)%
Gold
$921.80/ounce
Gold Change in %
(1.72)%

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
162.91mn
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

Growth rate may fall to 6pc, says SBP
All major indicators are going against economic growth and previous government’s huge spending and ‘understatement’ have compounded the situation, says the State Bank’s second quarterly report issued more... (D)

All key targets would not be achieved: SBP
The State Bank of Pakistan on Monday predicted great economic challenges for the new government, projecting that all key economic targets including GDP growth, inflation, monetary growth, budgetary balance and current account deficit would not be achieved more... (BR)

CPI rises to 11.3 percent
The headline consumer price index (CPI) rose to 11.3 percent (YoY) in February 2008, from 7.0 percent in June 2007 because of expansionary fiscal policy and unanticipated strength of international commodity prices. The increase has hit hard the lower and the lower-middle income groups more... (BR)


Cheerless president swears in cabinet
President Pervez Musharraf administered oath of office to 24 ministers of the federal cabinet on Monday in a seven-minute ceremony which appeared to be dull and dreary more... (BR)

PM to announce new law and order policy soon
The government will announce its policy on law and order and matters concerning national security in a couple of weeks more... (D)

Thousands greet Iftikhar in Quetta
Deposed Chief Justice of Pakistan Iftikhar Mohammad Chaudhry was welcomed by an enthusiastic crowd when he arrived in his hometown on Monday for the first time since his release after five months in detention more... (D)

sector Briefing

JCR-VIS upgrades EFU Life Assurance
JCR-VIS Credit Rating Co Limited (JCR-VIS) has upgraded the insurer financial strength (IFS) rating of EFU Life Assurance Ltd (EFU Life) to 'AA-' (Double A Minus) from 'A+' (Single A Plus) with a 'Stable' Outlook more... (BR)

PIA suffers Rs13.4bn loss
Pakistan International Airlines (PIA) suffered a loss of Rs13.4 billion during the financial year of 2007, which turned out to be an exceptionally difficult year for the national carrier due to many reasons more.... (D)

Poor textile sector output main cause of low exports
The State Bank of Pakistan (SBP) said on Monday that poor performance of the textile sector was mainly a reflection of sharp slowdown in its exports. In its second quarterly report, the SBP said that the country's overall exports went up by 7.9 percent to $11.7 billion, while imports grew by 22 percent during July-February FY08 mainly due to the rising international commodity prices 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