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  April 16, 2008 

Statistics
KSE 100 Index
Previous. Index
15,437.84
Current Index
15,538.45
Change %
0.70%
YTD ( CY' 07)
10.38%
YTD ( FY' 07)
12.82%

International Indicates
 
Close
Percentage
BSE-30
16,153.66
2.19%
HANGSENG
23,901.33
0.40%
NIKKEI 255
12,990.58
0.60%
FTSE
5,906.90
1.30%
DJI
12,362.47
0.49%
TSX
13,738.60
0.40%
KLSE
1,244.20
0.09%

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
63.68
RS/UK
125.43
RS/EURO
100.74
RS/OMAN RIYAL
165.83

commodities
Oil
$113.66/barrel
Oil Change in %
(0.11)%
Gold
$928.40/ounce
Gold Change in %
(0.39)%

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
163.03mn
Trade Deficit
$(14.49)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.3,628. bn

Economy

New free trade accord with China soon: Musharraf
President Pervez Musharraf said on Tuesday that Pakistan and China were close to signing another Free Trade Agreement (FTA) on trade and services that would further boost their economic and commercial ties more.... (D)

Pakistan may double wheat import this year
Pakistan could double its wheat imports this year and may slap a tax on rice exports to rein in inflation, a senior trader said on Tuesday, adding to global anxiety over record food prices and thinning supplies more.... (D)

Dar holds talks with officials of rating agencies
Finance Minister Ishaq Dar wound up his hectic five-day visit to the United States, after in-depth discussions with senior officials of rating agencies - the Standard & Poor and the Moody's - on Monday. A Pakistan Mission press release said that they exchanged views on the current state of Pakistan's economy and future challenges more.... (BR)

Oil jumps to new peak
Oil prices jumped to a new peak near $114 a barrel on Tuesday amid lingering supply worries and weakness in the US dollar, deepening concern in world consumer nations that a spike in energy costs could cause severe economic damage more.... (BR)


Coalition firm on judges issue: Resolution in current NA session
TParties in the ruling coalition have reached an understanding on reinstating the deposed judges through a parliamentary resolution within the timeframe given in the Bhurban Declaration more... (D)

Graduation law discriminatory, says AG
The Supreme Court on Tuesday decided to constitute a larger bench to hear a petition challenging the condition of graduation for legislators imposed by President Pervez Musharraf as the chief executive before the 2002 elections more... (D)

Olympic torch arrives in Islamabad
The Olympic torch, symbol of the 2008 Games in Beijing, arrived in Islamabad just after Tuesday midnight amid heavy security on the first stop in its Asian leg of a world tour more.... (D)

 
sector Briefing

PBA formally penalised for acting beyond mandate
The Pakistan Banking Association (PBA) was formally penalised on Tuesday for acting beyond its mandate by playing a ‘lead role’ in forming a seven-bank cartel while the seven more... (D)

Attock Petroleum profit increased to Rs 581.489 million
The profit after tax of Attock Petroleum Limited has increased to Rs 581.489 million in the quarter ended March 31, 2008 as compared to Rs 405.695 million earned in the corresponding period in FY07 more... (BR)

BoK earns Rs 219.437 million profit
The Bank of Khyber (BoK) during the calendar year 2007 has earned a profit of Rs 219.437 million after payment of taxes as compared to Rs 203 million in the same period in 2006, said BoK Annual Report, 2007 more... (BR)

(D): Dawn (BR): Business Recorder
seprator
Research Team:
Shoaib Ali Khan
Department Head

  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