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  May 24, 2008 

Statistics
KSE 100 Index
Previous. Index
13,627.00
Current Index
13,011.74
Change %
(4.52)%
YTD ( CY' 07)
(7.57)%
YTD ( FY' 07)
(5.52)%

International Indicates
 
Close
Percentage
BSE-30
16,649.64
(1.52)%
HANGSENG
24,714.07
(1.31)%
NIKKEI 255
14,012.20
0.24%
FTSE
6,087.30
(1.53)%
DJI
12,479.63
(1.16)%
TSX
14,723.36
(0.46)%
KLSE
1,274.78
(0.23)%

S.C.R.A
23-05-2008
10.64
May
(160.22)
YTD (July-Date)
(52.11)

Money Market Updates
Tbill Cut-off
 
1 year
10.32%
6 month
9.89%
KIBOR ( 6 months)
13.80%
PIB (10 years)
13.10%

Exchange Rates
Rs/US
68.42
RS/UK
135.48
RS/EURO
107.86
RS/OMAN RIYAL
178.28

commodities
Oil
$132.88/barrel
Oil Change in %
0.52%
Gold
$926.50/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

EAC advised to continue capital gains exemptions
The stock brokers have advised the Economic Advisory Committee (EAC) of the need to continue capital gains exemptions on shares and removal of the cap imposed by the monitory authority on exposure of banks to the capital market more... (BR)

Rupee gains three percent, overnight call money at 25 percent, 10-year PIB yield at 13 percent
Reacting to the measures taken by the SBP to tame mounting inflation, the stock market plunged. The six-month Kibor jumped 190 basis point to 13.25 percent. Liquidity is likely to be squeezed by roughly Rs 45 billion more... (BR)

New power and agriculture policies to be announced soon, says Gilani
The government would shortly announce new energy and agriculture policies to overcome the existing shortfall of power and prevailing food crisis. Prime Minister Yousuf Raza Gilani said more... (BR)


‘PPP in position to muster support for impeachment’
PPP co-chairman Asif Ali Zardari said on Sunday that the PPP could muster the support of as many lawmakers as required for impeaching President Pervez Musharraf, but hastened more... (D)

Asif agrees to 5-year CJ tenure, says Dar: PML-N praises gesture
Pakistan People’s Party co-chairman Asif Ali Zardari has agreed to a proposal put forward by the Pakistan Muslim League-N to increase the tenure of the chief justice of Pakistan to five years in his party’s constitution amendment package more... (D)

Gilani vows to avoid confrontation
Prime Minister Syed Yousuf Raza Gilani has said that the proposed constitution amendment package will be tabled in parliament before or after the budget session more... (D)

 
sector Briefing

Budget 2008-09: FBR intends to offer concessions to local industry
The Federal Board of Revenue is making comprehensive changes in the SRO.565 (I)/2006 to exempt customs duty on the import of raw materials, sub-components, components and assemblies (not manufactured locally) to facilitate the local industry in the budget 2008-09 more... (BR)

CFS rates depict divergent trend
Despite less financing under CFS, its rates depicted divergent trend to rise by a massive 384bps to settle at 17.84 percent against 14.01 percent of previous week, while the CFS Mk-II rate hit all time high of 35 percent, mainly due to drying up of liquidity and rising interest rates 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