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  April 04, 2008 

Statistics
KSE 100 Index
Previous. Index
15,332.91
Current Index
15,345.32
Change %
0.08%
YTD ( CY' 07)
9.00%
YTD ( FY' 07)
11.42%

International Indicates
 
Close
Percentage
BSE-30
15,832.55
0.52%
HANGSENG
24,264.63
1.64%
NIKKEI 255
13,389.90
1.50%
FTSE
5,891.30
(0.40)%
DJI
12,626.03
0.16%
TSX
13,514.14
0.54%
KLSE
1,225.58
(1.1)%

S.C.R.A
01-04-2008
7.29
April
7.29
YTD (July-Date)
17.94

Money Market Updates
Tbill Cut-off
 
1 year
10.1235%
6 month
9.8024%
KIBOR ( 6 months)
10.34%
PIB (10 years)
11.45%

Exchange Rates
Rs/US
62.81
RS/UK
124.86
RS/EURO
98.22
RS/OMAN RIYAL
163.42

commodities
Oil
$104.30/barrel
Oil Change in %
(0.2)%
Gold
$907.70/ounce
Gold Change in %
0.05%

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)
13.275
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.93mn
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

Wall Street Journal calls Pakistan a cash magnet
The paper, in an article posted on Wednesday, says the Pakistani stock market continues to be a profitable index to invest in. Those missing the boat on profits do it at their own discretion more... (D)

China, Pakistan vow to boost military cooperation

Chinese Defence Minister Liang Guanglie on Thursday called for further deepening exchanges and cooperation between defence departments and armed forces of China and Pakistan more.. (BR)

July-March revenue collection up 13.7 percent
The Federal Board of Revenue (FBR) has collected Rs 678.912 billion during first nine months (July-March) of fiscal 2007-2008 against Rs 597 billion in the corresponding period last fiscal, showing a growth of 13.7 percent more... (BR)

Italy converts $100 million debt into development funding
Finance and Economic Affairs Division Minister Ishaq Dar on Thursday chaired the Joint Management Committee meeting at the Economic Affairs Division for conversion of $100 million Italian debt into development projects funding more... (BR)


PPP considers Musharraf as a cashable product: Mukhtar
Defence minister, Chaudhry Ahmed Mukhtar, has said PPP considers President Pervez Musharraf as a cashable product, and the new government would like to test his worth in pleading Pakistan's case more... (BR)

Sacrifices of Bhutto and Benazir remembered: PPP-MQM reconciliation termed historic
PPP Secretary-General Jahangir Badr said on Thursday that time would prove that the ‘forgive and forget’ policy of the PPP and the MQM was a historic more...

Judges’ scrutiny by parliament panel after reinstatement

A draft constitutional package envisages subjecting all judges of the superior judiciary to scrutiny by a parliamentary committee after reinstatement of the judges sent home upon proclamation of the emergency on Nov 3 more... (D)

 
sector Briefing

Crop shortfall, contamination: July-February cotton import up by 159 percent
The country's cotton import rose by 135 percent during the first eight months of the current fiscal year due to shortfall in the crop and contamination issue more... (BR)

Industry urged to meet working standards
Pakistan currently is faced with a critical situation owing to low volume of exports and high ratio of imports which is negatively impacting the size of its foreign exchange more... (D)

Barclays sets up office in Karachi
The Barclays Bank has established its first office in Karachi. However, the bank is yet not functional 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