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  May 2, 2008 

Statistics
KSE 100 Index
Previous. Index
15,317.30
Current Index
15,122.47
Change %
(2.00)%
YTD ( CY' 07)
7.00%
YTD ( FY' 07)
9.81%

International Indicates
 
Close
Percentage
BSE-30
17,287.31
(0.52)%
HANGSENG
25,755.35
(0.60)%
NIKKEI 255
13,766.86
(0.60)%
FTSE
6,087.30
(0.01)%
DJI
13,010.00
1.48%
TSX
13,937.04
0.81%
KLSE
1,279.86
(0.31)%

S.C.R.A
29-04-2008
4.18
April
160.81
YTD (July-Date)
171.46

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.40%
PIB (10 years)
11.56%

Exchange Rates
Rs/US
64.61
RS/UK
128.15
RS/EURO
100.51
RS/OMAN RIYAL
168.04

commodities
Oil
$111.97/barrel
Oil Change in %
(0.49)%
Gold
$853.00/ounce
Gold Change in %
0.25%

Inflation
CPI (YOY)
14.1%
CPI (July-Mar)
9.5%
CORE INFTN (YOY)
9.3%
CORE INFTN (July-Mar)
7.1%

Economic Indicators
$US Reserves (Billion)
12.65
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.11mn
Trade Deficit
$(14.49)bn
Curr. A/C (Jul'07-Jan'08)
$(9.85)bn
Remittances
$4.72bn
Foreign Investment
$2.98 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

Pakistan one of top favourable economies: World Bank
Pakistan has been ranked as one of the top favourable economies in the world in terms of economic performance states "Doing Business 2008", a recent report released by the World Bank said more... (BR)

IRO-2002 repealed, minimum wage fixed at Rs 6,000
A special incentive package was prepared for the labourers welfare, fixing minimum wage at Rs 6,000, announced by Labour, Manpower and Overseas Pakistanis Minister Syed Khurshid Shah on the occasion of May Day at the Convention Centre here on Thursday more... (BR)

Shortages boost food inflation to 10.3pc: ADB
The Asian Development Bank (ADB) has said that Pakistan’s imports are increasing in 2007-08 because of higher international oil prices and rising demand for raw material for industrial use more.... (D)


Dubai marathon ends with claims of breakthrough: Judges to be reinstated through resolution: Nawaz
Top leaders of the Pakistan People’s Party and Pakistan Muslim League-N ended their marathon talks in Dubai on Thursday with an announcement that they had agreed to reinstate more.... (D)

$4bn peace plan for NWFP
Chief Minister of NWFP Ameer Haider Khan Hoti will unveil a $4 billion peace plan that envisages a 30 per cent reduction in militancy within three years, retrieval more.... (D)



 
sector Briefing

New tax regime for oil refineries prepared
The Ministry of Petroleum (MoP) has prepared a new tax regime for the refineries with focus on removal of protection granted to this sector under 10 percent deemed duty. Sources said MoP is going to present the new tax regime for refineries to the federal cabinet in its next meeting more.... (BR)

CCP to proceed against Apcma for 'cartelisation'
The Competition Commission of Pakistan (CCP) has got substantial evidence to proceed against the All Pakistan Cement Manufacturers Association (Apcma) for their alleged cartelisation behind increase in cement prices more.... (BR)

BoP posts over Rs three billion loss in first quarter
The Bank of Punjab's first quarter report of 2008 ending March 31 has posted a loss of over Rs 3 billion, which is after taxation. This was told in the meeting of a newly constituted Board of Directors held here on Wednesday. The Board reviewed the bank's accounts for the quarter ended March 31, which was later approved. The meeting was chaired by new Acting President Sajjad Hussain 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