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  May 7, 2008 

Statistics
KSE 100 Index
Previous. Index
14,673.13
Current Index
14,408.84
Change %
(1.80)%
YTD ( CY' 07)
2.35%
YTD ( FY' 07)
4.63%

International Indicates
 
Close
Percentage
BSE-30
17,373.01
(0.67)%
HANGSENG
26,262.13
(0.30)%
NIKKEI 255
14,049.26
2.05%
FTSE
6,215.20
(0.03)%
DJI
13,020.83
0.40%
TSX
14,274.34
(0.04)%
KLSE
1,276.09
0.16%

S.C.R.A
05-05-2008
(16.74)
May
(47.82)
YTD (July-Date)
60.29

Money Market Updates
Tbill Cut-off
 
1 year
10.1357%
6 month
9.8686%
KIBOR ( 6 months)
10.42%
PIB (10 years)
11.53%

Exchange Rates
Rs/US
65.46
RS/UK
129.13
RS/EURO
101.59
RS/OMAN RIYAL
170.56

commodities
Oil
$121.72/barrel
Oil Change in %
(0.10)%
Gold
$878.70/ounce
Gold Change in %
0.11%

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

Go-ahead for immediate import of 250,000 tons of wheat
The Economic Coordination Committee (ECC) of the cabinet has approved a proposal to import 1.5 million tons of wheat but kept in place a ban on its inter-provincial movement to discourage smuggling and hoarding more... (D)

Rupee hits fresh record low against dollar
Pak rupee weakened to an all time low of Rs 66.79 to a US dollar, on Tuesday, but upon intervention by the State Bank of Pakistan it strengthened to Rs 64.90/65.10 before closing at Rs 65.20/65.25. However, in late afternoon for tomorrow value trades by PKR had once again weakened to Rs 66.25 to a dollar more... (BR)

Pakistan and Yemen sign MoUs, agreements
The 5th session of Pak-Yemen Joint Ministerial Commission (JMC) concluded here on Monday, with the signing of a number of MoUs and agreements for boosting the bilateral and economic relations between them. Dr Yahya Y. Al-Mutawakel, Minister for Industry and Trade led the Yemeni delegation, whereas Raja Pervaiz Ashraf, Minister of Water and Power led the Pakistani side more... (BR)


Judges committee likely to hammer out proposals today
The legal committee tasked to prepare a framework for the reinstatement of deposed judges ended a third round of talks here on Tuesday night with the hope to finish the job on Wednesday more.... (D)

Pressure mounts on EC to reverse decision
The Election Commission is likely to reverse its decision to postpone the by-elections after severe criticism from all major political parties and civil society organisations more.... (D)

All cases against Zardari withdrawn
Sindh High Court on Tuesday settled all cases against Co-chairman of Pakistan People's Party Asif Ali Zardari filed by the National Accountability Bureau within and outside the country more... (BR)

 
sector Briefing

Scottish bank acquires 95 percent stake in ABN Amro
The world's seventh largest bank, the Royal Bank of Scotland (RBS), has acquired over 95 percent shares of ABN Amro bank worldwide, aimed to further expand its banking operations across the world, especially in the Asia Pacific region more... (BR)

OGDCL bond issue put on hold
Pakistan has put on hold plans to issue an exchangeable bond with an option for shares in Oil and Gas Development Co Ltd, the country’s largest-listed firm, a senior finance ministry official said on Tuesday more... (D)

Omantel gets loan for Worldcall buy
Oman Telecommunications Co (Omantel) has launched syndication of a $205 million loan that backs its acquisition of Pakistan’s Worldcall Telecom, a banking source close to the deal said 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