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  April 30, 2008 

Statistics
KSE 100 Index
Previous. Index
15,479.22
Current Index
15,317.30
Change %
(1.05)%
YTD ( CY' 07)
8.81%
YTD ( FY' 07)
11.23%

International Indicates
 
Close
Percentage
BSE-30
17,378.46
2.13%
HANGSENG
25,914.15
0.97%
NIKKEI 255
13,894.37
0.22%
FTSE
6,089.40
(0.02)%
DJI
12,831.94
(0.31)%
TSX
14,085.85
(0.13)%
KLSE
1,283.65
(0.93)%

S.C.R.A
28-04-2008
(6.70)
April
156.63
YTD (July-Date)
167.28

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.37%
PIB (10 years)
11.56%

Exchange Rates
Rs/US
64.55
RS/UK
127.93
RS/EURO
100.74
RS/OMAN RIYAL
168.05

commodities
Oil
$115.60/barrel
Oil Change in %
(0.03)%
Gold
$872.40/ounce
Gold Change in %
(0.50)%

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)
12.65
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.11mn
Trade Deficit
$(14.49)bn
Curr. A/C (Jul'07-Jan'08)
$(9.85)bn
Remittances
$4.72bn
Foreign Investment
$2.98 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

5-7pc increase in oil prices likely
The government is likely to announce a five to seven per cent increase in petroleum prices on Wednesday to cope with the rising budget deficit more.... (D)

ADB accepts govt’s request for $650 million support
The Asian Development Bank (ADB) has accepted the coalition government’s request for $650 million emergency budgetary support more.... (D)

Interbank market: foreign exchange companies forced to sell more dollars
The State Bank of Pakistan (SBP), through amendment in exchange companies rules and regulations, has forced exchange companies to sell more dollars in interbank market aimed to further strengthen the Pak rupee. However, it has also taken some other measures, with immediate effect, to streamline the foreign exchange market more.... (BR)


Nawaz in last-ditch attempt to avert coalition collapse
PML-N chief Nawaz Sharif dashed to Dubai on Tuesday in a last-ditch attempt to save the one-month-old coalition government from collapsing after several rounds of talks between PML-N more... (D)

PML-Q senators walk out in protest
PML-Q lawmakers staged a token walkout on Tuesday after clashing for the first time with the ruling coalition members in the Senate. They complained that they had been denied sufficient time to respond to the finance minister’s statement more.... (D)

MQM to join Sindh cabinet
Sindh Governor Dr Ishratul Ebad Khan and Home Minister Dr Zulfiqar Mirza firmed up on Tuesday a power-sharing formula between the Muttahida Qaumi Movement and the Pakistan People’s Party more.... (D)

 
sector Briefing

Hubco profit declines to Rs 651.721 million
The profit of Hub Power Company Limited has declined to Rs 651.721 million in the quarter ended March 31, 2008 as compared to Rs 775.236 million in the corresponding period in 2007. The company's earning per share stood at Rs 0.56 in the period under review against Rs 0.67 in the same period last year more.... (BR)

E&P sector profitability up by 8 percent
The listed Exploration and Production (E&P) sector posted net profit of Rs 56.6 billion in the 9-month period of FY08 as compared to Rs 52.3 billion in the same period of FY07, with a growth of 8 percent on year-on-year (YoY) basis more... (BR)

PBIC assigned 'AA', 'A1+' ratings
The Pakistan Credit Rating Agency (Pacra) has assigned long-term and short-term entity ratings of 'AA' (Double A) and 'A1+' (A One Plus), respectively, to Pak Brunei Investment Company Limited (PBIC), says a press release. These ratings indicate a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments more.... (BR)

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

  Zhoaib Kabani
Technical Analyst
Shayan Hasan
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