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  April 09, 2008 

Statistics
KSE 100 Index
Previous. Index
15,469.74
Current Index
15,474.07
Change %
0.03%
YTD ( CY' 07)
9.9%
YTD ( FY' 07)
12.36%

International Indicates
 
Close
Percentage
BSE-30
15,587.62
(1.08)%
HANGSENG
24,311.69
(1.09)%
NIKKEI 255
13,250.43
(1.49)%
FTSE
5,990.20
(0.41)%
DJI
12,576.44
(0.29)%
TSX
N/A
N/A%
KLSE
N/A
N/A%

S.C.R.A
07-04-2008
1.58
April
42.73
YTD (July-Date)
53.38

Money Market Updates
Tbill Cut-off
 
1 year
10.1235%
6 month
9.8024%
KIBOR ( 6 months)
10.35%
PIB (10 years)
11.45%

Exchange Rates
Rs/US
62.41
RS/UK
124.59
RS/EURO
99.02
RS/OMAN RIYAL
163.90

commodities
Oil
$108.79/barrel
Oil Change in %
2.09%
Gold
$916.00/ounce
Gold Change in %
(0.20)%

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

Saudi company acquires 18 percent stake in Uch power plan
Creative Energy Resources Corporation (CER) announced on Monday that it had bought a strategic stake in the 586 MW Uch power plant in Pakistan from an affiliate of GE Energy Financial Services more... (BR)

Dar to present charge sheet against Shaukat today
Finance Minister Ishaq Dar is to present the much-awaited charge sheet against former Prime Minister Shaukat Aziz before the Cabinet on Wednesday for hiding facts on the economic situation more... (BR)

Cement prices rise as industry enjoying boom
Cement prices continue to rise in the markets as dealers charge Rs290-295 per 50 kg bag for Falcon brand as compared to Rs280-285 in the last week of March more... (D)


Lawyers pummel Sher Afgan Lawyers pummel Sher Afgan
People watched as lawyers used kicks and punches and tore clothes of former law minister Sher Afghan in presence of representatives of the bars more... (BR)

PM wants govt borrowing reduced
Prime Minister Syed Yusuf Raza Gilani on Tuesday called for lowering excessive government borrowing to reduce inflationary pressures more... (BR)

Aitzaz says he won’t revise decision
President of the Supreme Court Bar Association Chaudhry Aitzaz Ahsan has said the deposed Chief Justice Iftikhar Mohammad Chaudhry had advised him against quitting the post of the more... (D)

 
sector Briefing

Philip Morris investment blows up in smoke
Lakson Tobacco Company unveiled results for the six months ended on December 31, 2007, posting after-tax profit at Rs471 million. Those marked the first of the more... (D)

China Mobile launches Zong
China Mobile launched its first international brand Zong simultaneously across Pakistan and Azad Jammu and Kashmir last week end more... (D)

US mortgage crisis likely to cost $945bn worldwide
The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 billion dollars as the impact spreads in the global economy 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