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  May 23, 2008 

Statistics
KSE 100 Index
Previous. Index
13,974.48
Current Index
13,627.00
Change %
(2.48)%
YTD ( CY' 07)
(3.20)%
YTD ( FY' 07)
(1.03)%

International Indicates
 
Close
Percentage
BSE-30
16,907.11
(1.95)%
HANGSENG
25,043.12
(1.64)%
NIKKEI 255
13,978.46
0.37%
FTSE
6,181.60
(0.27)%
DJI
12,625.62
0.19%
TSX
14,790.37
(1.70)%
KLSE
1,277.57
(0.31)%

S.C.R.A
21-05-2008
(7.68)
May
(166.26)
YTD (July-Date)
(58.47)

Money Market Updates
Tbill Cut-off
 
1 year
10.32%
6 month
9.89%
KIBOR ( 6 months)
11.40%
PIB (10 years)
12.10%

Exchange Rates
Rs/US
69.50
RS/UK
137.34
RS/EURO
109.53
RS/OMAN RIYAL
181.01

commodities
Oil
$131.24/barrel
Oil Change in %
0.33%
Gold
$917.60/ounce
Gold Change in %
(0.08)%

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

SBP’s move to curb inflation: Interest rate increased by 1.5pc
The State Bank has increased the benchmark interest rate by 1.5 per cent to 12 per cent in an attempt to curtail the rising inflation which has caused huge deficits and high unemployment more... (D)

SBP asks banks to pay minimum 5 percent profit on savings, PLS deposits
The State Bank on Thursday instructed banks to pay a minimum profit of 5 percent on savings, profit and loss saving products. The central bank's step is aimed at encouraging people to save more and cut their spending. The SBP increased its key discount rate to 12.0 percent from 10.5 percent, effective on Friday more... (BR)

35 percent L/C margin imposed on imports
The State Bank of Pakistan has imposed a 35 percent Letter of Credit (L/C) margin on all imports except for oil and some selected food imports effective from Friday (today) with a view to reducing the increasing trade deficit more... (BR)


Musharraf relic of the past: Asif
Pakistan People’s Party (PPP) on Thursday launched a tirade against President Pervez Musharraf with party co-chairman Asif Ali Zardari declaring him a stumbling block in the way of more... (D)

Iftikhar regrets judges’ help to dictators
Deposed Chief Justice Iftikhar Mohammad Chaudhry has praised the deposed judges of high courts for rejecting an offer of fresh appointmen more... (D)



 
sector Briefing

CCoP to approve HBL block sale today
The Cabinet Committee on Privatisation (CCoP) will meet here on Friday under the chairmanship of the prime minister to approve the block sale of Habib Bank Limited (HBL) more... (D)

New CCBL chief
Sajjad Razvi, Chairman, Board of Directors of Crescent Commercial Bank Limited (CCBL), has announced the appointment of Tawfiq A Husain as new President and CEO of CCBL, a subsidiary of Samba Financial Group (Samba) of Saudi Arabia more... (D)

Plan to float GDRs, bonds dropped
The government has finally dropped its plan to rake up debt of around $2 billion before the end of this fiscal year from the global financial markets by 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