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  May 22, 2008 

Statistics
KSE 100 Index
Previous. Index
13,903.12
Current Index
13,974.48
Change %
0.51%
YTD ( CY' 07)
(0.73)%
YTD ( FY' 07)
1.48%

International Indicates
 
Close
Percentage
BSE-30
17,243.16
0.08%
HANGSENG
25,460.29
1.16%
NIKKEI 255
13,926.30
(1.65)%
FTSE
6,198.10
0.10%
DJI
12,601.19
(1.77)%
TSX
15,047.34
0.42%
KLSE
1,281.20
(0.46)%

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
10.32%
6 month
9.89%
KIBOR ( 6 months)
11.36%
PIB (10 years)
12.08%

Exchange Rates
Rs/US
69.75
RS/UK
136.63
RS/EURO
108.75
RS/OMAN RIYAL
181.69

commodities
Oil
$134.68/barrel
Oil Change in %
1.13%
Gold
$930.40/ounce
Gold Change in %
0.19%

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

Private sector allowed to import wheat
The Federal Cabinet on Wednesday decided to allow private sector to import wheat while abolishing 10 percent duty and directed the Passco to supply the commodity to NWFP and Balochistan on priority basis more... (BR)

Current account deficit swells to about 7.3 percent of GDP
The country's current account deficit soared to about 7.3 percent of GDP during ten months of the current fiscal year mainly due to slow growth in exports, increase in imports and sluggish foreign money inflows. The current account deficit for July-April period has widened by 74.8 percent to all time high level of $11.58 billion more... (BR)

Moody's downgrades Pakistan ratings
Moody's Investors Service lowered Pakistan's sovereign ratings on Wednesday due to concerns over its economy at a time of political uncertainty, becoming the second rating agency to downgrade the country this month more... (BR)


Musharraf denies offering to resign
President Pervez Musharraf has described as baseless reports that he had made an offer to the Pakistan People’s Party to resign if actions taken by him under the more... (D)

Pakistan offers ‘grand reconciliation’: Qureshi, Mukherjee make little progress
Foreign Minister Shah Mehmood Qureshi has said that Pakistan is ready for ‘grand reconciliation’ with India and the next round of peace talks will begin in mid-July in New Delh more... (D)



 
sector Briefing

Electricity crisis set to worsen next week: Hubco runs short of fuel
The electricity crisis in the country and, particularly in Karachi, is set to worsen by early next week as Hubco, the biggest independent power producer, faces acute fuel shortage and may be forced to close down its plant more... (D)

Adamjee launches life insurance next month
Adamjee Insurance Company Limited is all set to begin the life insurance business next month, sources close to the company more... (D)

Oil smashes 135 dollars in Asian trade
Oil smashed past 135 dollars a barrel for the first time on Thursday, continuing its astonishing rise following unexpected drops in US crude and gasoline stocks in a tight market, dealers said. Large institutional investors continued to pil 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