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  May 20, 2008 

Statistics
KSE 100 Index
Previous. Index
14,232.89
Current Index
13,921.54
Change %
(2.19)%
YTD ( CY' 07)
(1.11)%
YTD ( FY' 07)
1.09%

International Indicates
 
Close
Percentage
BSE-30
17,434.94
0.47%
HANGSENG
25,742.23
0.48%
NIKKEI 255
14,269.61
0.35%
FTSE
6,376.50
1.15%
DJI
13,028.16
0.32%
TSX
14,984.20
1.05%
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)
11.19%
PIB (10 years)
12.17%

Exchange Rates
Rs/US
69.30
RS/UK
135.45
RS/EURO
107.86
RS/OMAN RIYAL
180.57

commodities
Oil
$127.28/barrel
Oil Change in %
0.18%
Gold
$905.40/ounce
Gold Change in %
(0.04)%

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

Government wants EAC input into 2008-09 budget
Finance Minister Naveed Qamar on Monday said that the government wanted to include maximum inputs of the Economic Advisory Council (EAC) in the upcoming budget to reduce poverty, generate employment and develop agriculture sector to improve macroeconomic indicators more... (BR)

No more increase in wheat prices: crackdown on wheat hoarders planned
The government has decided to launch a crackdown on wheat hoarders across the country, claiming that the wheat prices in the domestic market will not be increased anymore more... (BR)

THE RUPEE: all-round fall
Steep fall was seen on the interbank market on Monday as the rupee drifted lower significantly, dropping 80 paisa for buying at 69.40 and it also lost 70 paisa for selling at 69.50, dealers said. It was importer dollar buying which pushed rupee again into the minus column, but it is hoped that the local currency will not perform as it played during previous weeks, money experts said more... (BR)


PPP for drastic constitutional amendment: •Judges to be reinstated •President’s powers to be trimmed
The Pakistan People’s Party has almost completed a draft of the 18th Constitution Amendment Bill, aimed at carving the way for reinstating the deposed judges and “balancing the powers between the president and the prime minister” more... (D)

Food and energy issues need urgent attention: minister
Syed Naveed Qamar, who has been looking after the finance portfolio since the resignation of Ishaq Dar, has stressed the need for food security, overcoming the energy crisis and other issues affecting the common man more... (D)

NRO may be given protection, hints PML-N
The Pakistan Muslim League-Nawaz on Monday flinched from extending an unqualified support for the constitutional package the People’s Party intended to table in the National Assembly for the reinstatement of judges more... (D)

 
sector Briefing

5.94 million tons of cement exported in July-April
Pakistan's cement export has registered a phenomenal growth during the first 10 months of the current fiscal year, which stood at 5.94 million tonnes for July-April more... (BR)

Alfalah Insurance assigned "A-" rating
The Pakistan Credit Rating Agency (Pacra) has assigned the Insurance Financial Strength (IFS) rating of "A-" (single A minus) to Alfalah Insurance Company Limited (AFIC). The rating denotes a strong capacity to meet policyholder and contract obligations more... (BR)

Competition Commission in financial blues
The Competition Commission of Pakistan (CCP), which for the first time has challenged the apparent cartel-like behaviour of banks and cement industry, is in financial blues and may become vulnerable to political interventions 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