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  May 27, 2008 

Statistics
KSE 100 Index
Previous. Index
13,011.74
Current Index
12,584.78
Change %
(3.28)%
YTD ( CY' 07)
(10.60)%
YTD ( FY' 07)
(8.61)%

International Indicates
 
Close
Percentage
BSE-30
16,348.50
(1.81)%
HANGSENG
24,127.31
(2.37)%
NIKKEI 255
13,690.19
(2.30)%
FTSE
6,087.30
(1.53)%
DJI
12,479.63
(1.16)%
TSX
14,723.36
(0.46)%
KLSE
1,268.88
(0.07)%

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)
13.93%
PIB (10 years)
13.01%

Exchange Rates
Rs/US
68.42
RS/UK
135.52
RS/EURO
107.88
RS/OMAN RIYAL
178.25

commodities
Oil
$133.25/barrel
Oil Change in %
0.80%
Gold
$927.50/ounce
Gold Change in %
0.18%

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

Budget-makers for tough steps to stem inflation
Budget-makers have recommended tight monetary measures and fiscal stringency to contain the inflation rate at eight per cent during the next financial year, it is learnt more.... (D)

Limit on loans against shares extended by one year
The State Bank of Pakistan has agreed to defer the implementation of the 50 percent cap on bank exposure to the capital market by one year, it is reliably learnt. According to leading brokers who met the Governor State Bank of Pakistan Dr Shamshad Akhtar, along with Directors of Karachi Stock Exchange, on Monday more... (BR)

New tax steps to raise Rs70bn
The government is considering imposing a set of new taxation measures in the budget 2008-09 to raise additional revenue of Rs70 billion more.... (D)


Plot against Sharifs’ candidature alleged
The PML-N has come out with a tape that it claims contains conversation between PML-Q leader Chaudhry Pervaiz Elahi and an unidentified man about a plan involving PCO more... (D)

Kalabagh shelved for good: minister
The Kalabagh dam project has been shelved for good and the government is diverting allocations made for the plan to other projects in the water sector more... (D)

Nawaz announces to contest by-poll from NA-123
PML-N Chief Mian Muhammad Nawaz Sharif on Monday announced that he will contest by-election from NA-123 and withdraw his nomination papers from NA-52. "Returning Officer has accepted my nomination papers from NA-123 while the rival candidate more... (BR)

 
sector Briefing

100,000 tons of clinker exported to UAE
Pakistan has for the first time entered export market of clinker by exporting around 100,000 tons to the United Arab Emirates (UAE) where construction boom has created a strong demand for cement more... (D)

Oil rises above $133
Oil rose above $133 on Monday as long-term supply concerns lingered and fresh production problems appeared in Nigeria and Norway more... (D)

12,000 tons of petrol exported
While the local petrol price has jumped four times, since March from Rs53 to Rs68.81 per litre, the country exported 12,008 tons of petrol to Afghanistan, Albania and 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