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  May 19, 2008 

Statistics
KSE 100 Index
Previous. Index
14,479.87
Current Index
14,232.89
Change %
(1.70)%
YTD ( CY' 07)
1.10%
YTD ( FY' 07)
3.35%

International Indicates
 
Close
Percentage
BSE-30
17,434.94
0.47%
HANGSENG
25,618.86
0.41%
NIKKEI 255
14,219.48
(0.20)%
FTSE
6,304.30
0.80%
DJI
12,986.80
(0.05)%
TSX
14,626.31
0.07%
KLSE
1,300.67
0.46%

S.C.R.A
16-05-2008
00.72
May
(140.35)
YTD (July-Date)
(32.23)

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
11.16%
PIB (10 years)
12.16%

Exchange Rates
Rs/US
69.14
RS/UK
135.34
RS/EURO
107.74
RS/OMAN RIYAL
179.75

commodities
Oil
$126.54/barrel
Oil Change in %
0.20%
Gold
$903.60/ounce
Gold Change in %
0.41%

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)
12.20
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.31mn
Trade Deficit
$(16.80)bn
Curr. A/C (Jul'07-Jan'08)
$(9.85)bn
Remittances
$4.72bn
Foreign Investment
$3.60 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

Economic policies will remain unchanged: PM
Prime Minister Syed Yousuf Raza Gilani assured the international business community on Sunday that there would be no change in Pakistan’s economic policies more... (D)

Fall in foreign exchange reserves drains off Rs 190 billion liquidity
The interbank foreign exchange market witnessed another volatile week in the absence of major inflows. Whereas trading range remained wide due to continued demand for dollar more... (BR)

Economic Advisory Council meeting today
The Economic Advisory Council (EAC), established last week, will hold its first meeting on Monday to give the government its inputs on fiscal side, which would play an important role in the 2008-09 budget making more... (BR)


Aitzaz quits poll race to focus on long march
Supreme Court Bar Association (SCBA) president Aitzaz Ahsan has pulled out of the electoral race to save the Pakistan People’s Party from an embarrassing situation because at around more... (D)

Bush offers cooperation on economic, food crisis
Prime Minister Syed Yousuf Raza Gilani on Sunday reiterated that the new coalition government stands by the country's pledge to fight terrorism, "the biggest threat to the world." more... (BR)

Suicide attack on military-run bakery in Mardan: 12 dead
At least 12 people, four soldiers among them, were killed and 23 others injured when a suicide bomber struck a military-run bakery near the Punjab Regiment Centre here on Sunday more... (D)

 
sector Briefing

July-April foreign investment down 39.5 percent
Net foreign investment declined by over two billion dollars or 39 percent during the first 10 months of the current fiscal year mainly due to high portfolio investment outflows and political uncertainty in the country more... (BR)

S&P lowers rating on Azgard Nine
Standard & Poor's Ratings Services said on Friday that it had lowered its corporate credit rating on Azgard Nine Ltd to 'B' from 'B+'. The outlook is negative more... (BR)

1.4 percent rise in CFS investment
Investment under Continuous Funding System (CFS) at Karachi share market increased by 1.4 percent last week ended on May 17, to Rs 53.3 billion as compared to Rs 52.5 billion on the previous week. Despite low demand for financing, the CFS rate jumped by 244bps, settling at 14.01 percent from 11.6 percent 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