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  May 29, 2008 

Statistics
KSE 100 Index
Previous. Index
12,822.25
Current Index
12,254.97
Change %
(4.42)%
YTD ( CY' 07)
(12.95)%
YTD ( FY' 07)
(11.01)%

International Indicates
 
Close
Percentage
BSE-30
16,525.37
1.53%
HANGSENG
24,249.51
(0.13)%
NIKKEI 255
13,709.44
(1.32)%
FTSE
6,069.60
0.18%
DJI
12,594.03
(0.36)%
TSX
14,522.13
(1.59)%
KLSE
1,260.58
(1.09)%

S.C.R.A
27-05-2008
(28.75)
May
(193.91)
YTD (July-Date)
(85.79)

Money Market Updates
Tbill Cut-off
 
1 year
10.32%
6 month
9.89%
KIBOR ( 6 months)
13.44%
PIB (10 years)
12.34%

Exchange Rates
Rs/US
68.05
RS/UK
134.57
RS/EURO
106.68
RS/OMAN RIYAL
177.22

commodities
Oil
$130.43/barrel
Oil Change in %
(0.46)%
Gold
$904.20/ounce
Gold Change in %
(0.09)%

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

Gilani against withdrawal of subsidy at ‘this stage’
Prime Minister Syed Yousuf Raza Gilani has rejected a proposal put forward by the World Bank and IMF to withdraw subsidy from petroleum products in the new budget more... (D)

Team off to meet Zardari
A delegation of members of the Board of directors, accompanied by some senior stockbrokers, had taken off for Islamabad to meet PPP leader Asif Ali Zardari, reports from various sources suggested late in the evening more... (D)

Budget size to be increased by 15 percent: projections presented to prime minister
In the first high level meeting on Wednesday, the government economic managers presented to Prime Minister, Syed Yusuf Raza Gilani, firm-up budgetary projections showing 15 percent increase in budget size and revenue collection to take them to Rs 2.25 trillion from Rs 1.874 trillion and Rs 1.12 trillion against revised target of Rs 990 billion respectively for 2008-09 more.... (BR)


Asif supports move to oust Musharraf, claims Nawaz: ‘No justification for providing safe exit’
PML-N chief Nawaz Sharif said here on Wednesday that there was no justification for providing a safe exit to Pervez Musharraf and claimed that PPP co-chairman Asif Zardari more... (D)

Constitutional amendment immediate task: PPP
Although the PPP wants President Pervez Musharraf to quit, its immediate objective is to get the constitutional package adopted because reforming the system and state institutions is an important task, according to MNA Farzana Raja more... (D)

‘Hidden forces’ out to throttle democracy: Asif
Pakistan People’s Party (PPP) co-chairman Asif Ali Zardari has said that ‘hidden forces’ are out to impose martial law and any movement against the government may snuff out democracy more... (D)

 
sector Briefing

KSE prays for end to ‘uncertainty’
Amid a bloodbath on the Karachi Stock Exchange, which saw the KSE-100 index bleed by 567 points or 4.42 per cent on Wednesday, market participants were frantically praying more... (D)

HBL to increase agriculture and housing sectors financing: chief executive
Zakir Mehmood, President and Chief Executive Officer of HBL, has said that HBL intends to increase financing in the agriculture and housing sectors in the coming years more... (BR)

Tussle over launching of new tractor
The Al-Ghazi Tractors, the makers of Fiat tractors, and the Dewan Automotive Engineering are engaged in a tussle over the launching of a new tractor 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