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  April 14, 2008 

Statistics
KSE 100 Index
Previous. Index
15,304.92
Current Index
15,430.89
Change %
0.27%
YTD ( CY' 07)
9.61%
YTD ( FY' 07)
12.00%

International Indicates
 
Close
Percentage
BSE-30
15,807.64
0.72%
HANGSENG
24,667.79
1.99%
NIKKEI 255
13,323.73
2.92%
FTSE
5,895.50
1.20%
DJI
12,325.42
2.04%
TSX
13,683.03
(0.48)%
KLSE
1,246.79
1.78%

S.C.R.A
11-04-2008
10.79
April
72.45
YTD (July-Date)
83.10

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.35%
PIB (10 years)
11.45%

Exchange Rates
Rs/US
63.15
RS/UK
124. 37
RS/EURO
99.81
RS/OMAN RIYAL
163.29

commodities
Oil
$109.71/barrel
Oil Change in %
0.05%
Gold
$920.20/ounce
Gold Change in %
(0.93)%

Inflation
CPI (YOY)
14.1%
CPI (July-Mar)
9.5%
CORE INFTN (YOY)
9.3%
CORE INFTN (July-Mar)
7.1%

Economic Indicators
$US Reserves (Billion)
13.13
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.99mn
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, 35 other states face shortage
The world’s financial experts, now meeting in Washington, have placed Pakistan on a list of 36 countries that face a serious food crisis, warning that if the situation worsens people may raid storage facilities for food more... (D)

Govt to sell $1bn bonds to tide over deficit
Pakistan plans to sell one billion dollars worth of bonds exchangeable into shares of a state-owned company as the government seeks to finance its budget deficit, says Finance Minister Ishaq Dar more.... (D)

Pakistan, China working on transit trade accord
Pakistan and China have made substantial progress in their talks to work out a transit trade agreement and expand the scope of a free trade agreement, besides identifying new areas of cooperation to strengthen their multi-faceted ties more... (D)

Oman's inflation surges to 18-year high above 10%
Annual inflation in Oman, one of six Gulf oil producers, surged above 10 per cent this year for the first time in at least 18 years, highlighting the cost of being pegged to the ailing dollar as food prices soared more.... (gulf news)


MQM’s power-sharing talks with PPP fail: Suddle’s appointment as IG opposed
Blaming Pakistan People’s Party for what it called lack of seriousness in talks, the Muttahida Qaumi Movement announced on Sunday that it would sit in the opposition in the National Assembly and the Sindh assembly more... (D)

Global support sought for Benazir’s plan to curb extremism
Speaker of the National Assembly Dr Fehmida Mirza has called upon the world’s powerful countries to support Benazir Bhutto’s plan, modelled on the Marshall Plan that rebuilt more... (D)

Protest against MQM held in London
A group of about 50 Britons of Pakistani origin, including Pakistani students of the London School of Economics and the School of Oriental and African Studies more... (D)

 
sector Briefing

PRL profit declines to Rs 257.130 million in third quarter
The profit after tax of Pakistan Refinery Limited (PRL) has declined to Rs 257.130 million in the quarter ended March 31, 2008 as compared to Rs 406.570 million earned in the corresponding period in 2007 more.... (BR)

PRC shows Rs 3,726 million profit in 2007
Rukhsana Salim, Chairperson of Pakistan Reinsurance Company Limited has said that the tremendous increase in company's earnings of over Rs 3,726.959 million in 2007 against Rs 671.843 million earned in 2006 was mainly due to teamwork and better planning more.... (BR)

Ufone signs Rs 4.5 billion term loan agreement
Ufone has signed a Rs 4.5 billion Syndicated Term Loan Facility agreement here on Saturday as per an aggressive rollout plan in Pakistan. The National Bank of Pakistan (NBP) and Habib Bank Limited (HBL) have jointly advised and arranged the facility 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