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  May 13, 2008 

Statistics
KSE 100 Index
Previous. Index
14,228.67
Current Index
14,286.61
Change %
0.41%
YTD ( CY' 07)
1.48%
YTD ( FY' 07)
3.74%

International Indicates
 
Close
Percentage
BSE-30
16,860.90
0.70%
HANGSENG
25,063.17
(1.52)%
NIKKEI 255
13,743.36
0.64%
FTSE
6,220.60
0.26%
DJI
12,876.31
1.02%
TSX
14,521.19
(0.58)%
KLSE
1,293.09
0.62%

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)
10.53%
PIB (10 years)
11.63%

Exchange Rates
Rs/US
67.74
RS/UK
132.38
RS/EURO
104.74
RS/OMAN RIYAL
176.17

commodities
Oil
$123.30/barrel
Oil Change in %
(0.75)%
Gold
$881.00/ounce
Gold Change in %
(0.44)%

Inflation
CPI (YOY)
17.2%
CPI (July-Apr)
10.3%
CORE INFTN (YOY)
10.8%
CORE INFTN (July-Apr)
7.5%

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

New finance minister to be appointed today: Asif
PPP co-chairman Asif Ali Zardari said on Monday night that the government has decided to appoint a new finance minister today in place of Ishaq Dar following a decision by the PML-N to quit the federal cabinet more... (D)

Government decides to import one million tonnes of wheat
The government has decided to import one million tonnes wheat in addition to 1.5 million tonnes previously approved by the Economic Co-ordination Committee (ECC), to build the strategic reserves for meeting country's future needs more... (BR)

CGT levy, CVT raise likely for rich people
Hinting at imposition of capital gains tax (CGT) on capital market transactions, increase in capital value tax (CVT) on real estate, and increase in income tax for higher income groups Finance Minister Ishaq Dar has warned currency speculators to stop playing with the exchange rates, otherwise the government would be forced to take strict action against speculators more... (BR)


PML-N walks out after hitting brick wall: Judges issue splits coalition; ministers to quit federal cabinet today
The Pakistan Muslim League-N has decided to pull out of the federal cabinet because of delay in the reinstatement of deposed judges, but said it will “support the government on an issue-to-issue basis” more... (D)

Coalition leadership has failed: PML-Q leader
PML-Q secretary general Mushahid Hussain Sayed has termed the PML-N’s decision to quit the federal cabinet after 42 days in power a failure of the leadership of the more... (D)

Pakistan back in C’wealth: Call for independent judiciary
Pakistan regained its full membership of the Commonwealth on Monday after a six-month suspension caused by the imposition of President Musharraf’s second martial law in the name of emergency rule in November last year more... (D)

 
sector Briefing

 

Oil eases below 124 dollars a barrel
World oil prices eased further on Tuesday, trading below 124 dollars a barrel as profit taking helped cool a red-hot market, analysts said. Crude oil prices have more than doubled in the past year and have rocketed about 25 percent since the start of 2008, when they broke the 100-dollar barrier 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