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  May 15, 2008 

Statistics
KSE 100 Index
Previous. Index
14,542.50
Current Index
14,593.44
Change %
0.35%
YTD ( CY' 07)
3.66%
YTD ( FY' 07)
5.97%

International Indicates
 
Close
Percentage
BSE-30
16,978.35
1.35%
HANGSENG
25,533.48
(0.08)%
NIKKEI 255
14,118.55
1.20%
FTSE
6,216.00
0.10%
DJI
12,898.38
0.52%
TSX
14,616.70
(0.34)%
KLSE
1,287.74
0.07%

S.C.R.A
12-05-2008
(25.03)
May
(122.27)
YTD (July-Date)
(14.16)

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
10.74%
PIB (10 years)
11.64%

Exchange Rates
Rs/US
68.42
RS/UK
133.01
RS/EURO
105.74
RS/OMAN RIYAL
178.17

commodities
Oil
$123.65/barrel
Oil Change in %
(0.46)%
Gold
$863.50/ounce
Gold Change in %
(0.35)%

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
163.27mn
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

Comprehensive plan for power conservation: Clocks to be advanced by an hour, markets to close at 9pm from June 1
The federal cabinet has decided that all markets in the country will close by 9pm and clocks will be moved forward by an hour (GMT+6) from June 1 more... (D)

Fiscal deficit to be cut to five percent: Senate informed
The government on Wednesday said it would bring down fiscal deficit to 5 percent by end of the year from existing 8.5 percent and increase wages of the government employees to provide them some compensation for the rising prices of essential commodities more... (BR)

THE RUPEE: dollar higher
Bearish sentiment was witnessed on the currency market on Wednesday as the rupee gave up its firmness due to heavy demand by the importers, experts said. At official closing, in the interbank market, the rupee shed 25 paisa in relation to dollar for buying at 68.60 while it also dropped by 40 paisa for selling at 68.80, they said more... (BR)


PPP for joint session on judges issue
Taking a new position, the Pakistan People’s Party said on Wednesday the deposed judges would be reinstated through a resolution to be adopted by a joint session of the two houses of parliament more... (D)

Naveed given additional charge of Finance
Pakistan People's Party has decided to give additional charge of Finance Ministry to Syed Naveed Qamar, Aaj TV reported. According to TV channel, this was decided in a PPP Central Executive Committee and Federal Council meeting held in Islamabad on Wednesday more... (BR)

PML-Q to remain in opposition: Shujaat
Pakistan Muslim League-Q president Chaudhry Shujaat Hussain has brushed aside reports about any move for forming a ‘new Muslim League’ and reiterated his party’s stance to remain in the opposition more.... (BR)

 
sector Briefing

Banks raise dollar margin for exporters
Banks have increased by almost four times the difference in rates being given by them on dollars received as export proceeds and on opening letters of credit for more... (D)

Post-BB killing unrest still haunts insurance sector
The impact of unrest which erupted after the assassination of Benazir Bhutto is still being felt by the non-life insurance companies which have been paying huge claims to their insured clients.The more.... (D)

Lucky Cement wins Kuwait deal
Lucky Cement, the country’s biggest cement maker and exporter, said on Wednesday it had won a major long-term deal to sell clinker to a Kuwaiti investment firm 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