BasedLine
LOGO
  May 21, 2008 

Statistics
KSE 100 Index
Previous. Index
13,921.54
Current Index
13,903.12
Change %
(0.13)%
YTD ( CY' 07)
(1.23)%
YTD ( FY' 07)
0.97%

International Indicates
 
Close
Percentage
BSE-30
17,230.18
(1.17)%
HANGSENG
25,169.46
(2.23)%
NIKKEI 255
14,160.09
(0.77)%
FTSE
6,191.60
(2.90)%
DJI
12,828.68
(1.53)%
TSX
14,984.20
1.05%
KLSE
1,287.43
(1.00)%

S.C.R.A
19-05-2008
(5.11)
May
(161.52)
YTD (July-Date)
(53.40)

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
11.33%
PIB (10 years)
12.13%

Exchange Rates
Rs/US
69.50
RS/UK
135.04
RS/EURO
107.28
RS/OMAN RIYAL
180.57

commodities
Oil
$129.08/barrel
Oil Change in %
0.08%
Gold
$920.40/ounce
Gold Change in %
0.02%

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

APCC to review economic situation on Friday
The Annual Plan Co-ordination Committee (APCC) will review overall economic situation, growth targets as well as allocation for development budget for next fiscal year during its two-day meeting starting Friday, May 23. The GDP growth might miss the revised target of 6 percent for the current fiscal year and is expected to remain at 5.7-5.8 percent against the original target of 7.2 percent more... (BR)

5.78 percent GDP growth expected
The country's economic growth is likely to slip below a revised target of 6 percent for the 2007/08 fiscal year, mainly because of lower manufacturing growth and farm output, a government official said on Tuesday. "Gross domestic product is expected to grow by 5.78 percent," said a Finance Ministry official who declined to be identified, as he is not authorised to talk to the media more... (BR)

THE RUPEE: down trend persists
Falling trend persisted on the interbank market and open market on Tuesday as investors were interested in the fresh buying of dollars, dealers said. In the interbank market, the rupee lost 20 paisa against dollar for buying at Rs 69.60 and it also shed 30 paisa for selling at 69.80 more... (BR)


Constitutional amendment bill ready for cabinet
Law Minister Farooq H. Naek has said he has finalised the draft of the proposed 18th Constitution Amendment Bill and it will soon be presented to the cabinet for approval more... (D)

Acceptance of Sharifs’ papers challenged
Two appeals have been filed against the acceptance of the nomination papers of Pakistan Muslim League-N leaders Mian Nawaz Sharif and Shahbaz Sharif for the June 26 by-elections more... (D)

Amendment needed for reinstatement: PML-Q
A constitutional committee of the Pakistan Muslim League-Q on Tuesday described the sacking of superior court judges under the November 3, 2007 PCO as unconstitutional and urged the party to support their reinstatement through a constitutional amendment more... (D)

 
sector Briefing

Textile exports decline
High cost of production and increasing international competition pulled down the country's textile exports by some 3 percent during first 10 months of the current fiscal year. Textile exports, having 65 percent share in the overall exports, dipped by 2.54 percent during the July-April of FY08 more... (BR)

Orix Bank tries rebuilding life
Orix Investment Bank Pakistan Limited announced at the stock exchange on Tuesday that it proposed to raise capital up to Rs500 million by the issue of convertible, non-voting more... (D)

July-April oil import bill crosses $8 billion
The country's oil import bill has amounted to $8.7 billion during ten months (July-April) of the current fiscal year due to the soaring crude oil prices in international market. Crude prices on Tuesday hit record $129 per barrel due to increasing demand across the world 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