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  May 6, 2008 

Statistics
KSE 100 Index
Previous. Index
14,956.82
Current Index
14,673.13
Change %
(1.90)%
YTD ( CY' 07)
4.23%
YTD ( FY' 07)
6.55%

International Indicates
 
Close
Percentage
BSE-30
17,490.90
(0.62)%
HANGSENG
26,183.95
(0.22)%
NIKKEI 255
14,049.26
2.05%
FTSE
6,215.50
2.11%
DJI
12,969.54
(0.68)%
TSX
14,280.28
1.53%
KLSE
1,274.61
0.23%

S.C.R.A
03-05-2008
(0.80)
May
(31.08)
YTD (July-Date)
77.03

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.40%
PIB (10 years)
11.53%

Exchange Rates
Rs/US
65.34
RS/UK
128.89
RS/EURO
101.06
RS/OMAN RIYAL
170.11

commodities
Oil
$119.93/barrel
Oil Change in %
(0.03)%
Gold
$877.70/ounce
Gold Change in %
0.41%

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)
12.61
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.19mn
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

Rice exports come to a halt
The rice exports have come to a complete halt and no shipment was made since Friday following the agreement of Rice Exporters Association of Pakistan (Reap) with Ministry of Commerce and Ministry of Food, Agriculture and Livestock (Minfal) more... (BR)

Rupee goes weak at the knees
Pak Rupee dropped further against US Dollar (InterBank 65.80/85, open market 66.65/75) on Monday. It has lost 4.45% of its value in the Interbank, and even more in the open market, since the beginning of the year 2008. Inflation is at 13 year high more.... (BR)

Dar briefs S&P about efforts to streamline economy
Finance Minister Muhammad Ishaq Dar has told the Standard and Poors, the credit rating agency, that Pakistan is making all efforrts to streamline the economy David T. Beers of Standard and Poors called on Ishaq Dar in Madrid on Monday, and discussed the macro-economic situation in the country, especially imbalances caused by food and oil prices, according to a message received here more... (BR)


Whodunnit: red faces over poll delay
The Election Commission on Monday sent shockwaves across the political divide by postponing for two months the by-elections, slated for June 18, in view of a “deteriorating law and order situation” more... (D)

Ebrahim quits committee on judges
Former Supreme Court judge Fakhruddin G. Ebrahim has dissociated himself from a committee constituted by the Pakistan People’s Party and Pakistan Muslim League-N ‘for reinstatement of the deposed more.... (D)

Flour, power shortages fray tempers in Senate
The agony of Pakistan’s worst flour and power shortages frayed tempers in the Senate on Monday when one ruling coalition member threatened his North West Frontier Province could more.... (D)

 
sector Briefing

Maybank acquires strategic stake in MCB
Malaysia's largest financial institution, Malayan Banking Bhd (Maybank), signed an agreement with Nishat Group to acquire upto 20 percent of ordinary shares in MCB Bank Limited more.... (BR)

Cement exports rise to record six million tons
The cement sector has marked another record of exports, which showed a healthy growth of 142 percent to the level of around 6 million tons due to rising international demand for the commodity, industry sources said. They said that it is expected that by the end of the current fiscal year cement exports would exceed 7 million tons 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