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  May 12, 2008 

Statistics
KSE 100 Index
Previous. Index
14,388.52
Current Index
14,228.67
Change %
(1.11)%
YTD ( CY' 07)
1.07%
YTD ( FY' 07)
3.33%

International Indicates
 
Close
Percentage
BSE-30
16,737.72
(2.01)%
HANGSENG
25,063.17
(1.52)%
NIKKEI 255
13,655.34
(2.10)%
FTSE
6,204.70
(1.05)%
DJI
12,745.88
(0.94)%
TSX
14,521.19
(0.58)%
KLSE
1,285.27
0.39%

S.C.R.A
09-05-2008
(33.59)
May
(97.24)
YTD (July-Date)
10.88

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
10.47%
PIB (10 years)
11.57%

Exchange Rates
Rs/US
67.73
RS/UK
132.76
RS/EURO
104.90
RS/OMAN RIYAL
176.31

commodities
Oil
$125.55/barrel
Oil Change in %
(0.33)%
Gold
$885.50/ounce
Gold Change in %
(0.03)%

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)
12.26
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.25mn
Trade Deficit
$(16.80)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

Sell-off list: Privatisation Commission directed to drop PSO, PS and OGDC
On the direction of PPP co-chairman, Asif Ali Zardari, the government has redefined the term 'National Strategic Assets', and directed the Privatisation Commission to drop a number of short-listed entities, including Pakistan State Oil (PSO) and Pakistan Steel Mills, from the sell-off programme more... (BR)

SECP opposes KSE proposal: capital gains relief
The Securities and Exchange Commission of Pakistan (SECP) has opposed a proposal of Karachi Stock Exchange (KSE) for incorporating a new clause in Second Schedule of the Income Tax Ordinance, 2001 to exempt capital gains on demutualization of stock exchanges more.... (BR)

Maintaining foreign exchange reserves around $15 billion level biggest challenge: report
The biggest challenge for management of short-term balance of payments is to maintain foreign exchange reserves to a level of around US $15 billion over the next few months while financing the substantial uncovered gap in financing. More adequate reserves are necessary to ward off the speculators in the liberal global framework in which Pakistan is operating more... (BR)


Judges’ reinstatement hopes shattered
The PPP and the PML-N all but announced the end of their short-lived political honeymoon here on Sunday as their negotiators jointly told the media after their last more.... (D)

PML-N meets today to decide coalition’s fate
A crucial meeting of the Pakistan Muslim League-N’s central working committee and parliamentary group will be held here on Monday amid fears that the two major parties in more... (D)

‘Forward bloc’ in contact with Gilani
Prime Minister Syed Yousuf Raza Gilani went on a political offensive on Sunday and held meetings with Najaf Sial, a leader of the PML-Q forward bloc, and Mian more.... (D)

 
sector Briefing

Orascom Telecom announces first quarter 2008 results
The Orascom Telecom, the parent company of Mobilink, has posted impressive Q108 results sustaining its business growth in the Asia region due to sustainable performance by Mobilink in a challenging business environment more... (BR)

Over 1,000MW capacity of industries dormant
Loadshedding can be reduced by 30 per cent if subsidy is offered to bring online 1,083 megawatts of private generation kept offline because of economic reasons, according to experts more... (D)



(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