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  May 8, 2008 

Statistics
KSE 100 Index
Previous. Index
14,408.84
Current Index
14,455.29
Change %
0.32%
YTD ( CY' 07)
2.68%
YTD ( FY' 07)
4.97%

International Indicates
 
Close
Percentage
BSE-30
17,339.31
(0.19)%
HANGSENG
25,610.21
(2.48)%
NIKKEI 255
14,102.48
0.38%
FTSE
6,261.00
0.74%
DJI
12,814.35
(1.59)%
TSX
14,274.34
(0.04)%
KLSE
1,287.15
0.62%

S.C.R.A
06-05-2008
(8.82)
May
(56.64)
YTD (July-Date)
51.48

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
10.40%
PIB (10 years)
11.55%

Exchange Rates
Rs/US
66.69
RS/UK
130.89
RS/EURO
103.34
RS/OMAN RIYAL
173.71

commodities
Oil
$123.61/barrel
Oil Change in %
0.06%
Gold
$868.70/ounce
Gold Change in %
(0.29)%

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

Ministry told to generate 2200 megawatts by year-end
The Cabinet on Wednesday directed the Ministry of Water and Power to generate 2200 MW by the end of this year to minimise the power crisis, halting industrial output and the miseries of the masses more... (BR)

More strict measures to save rupee likely: foreign exchange companies meeting in SBP today
The State Bank of Pakistan (SBP) has disbursed about $6 million to 'A' category exchange companies to maintain the rupee value versus dollar at a reasonable level. However, due to the declining value of the rupee the SBP has decided to take more strict measures to control the declining the rupee value and has called a meeting of exchange companies on Thursday more.... (BR)

Pakistan's weight up in MSCI EM Index
Pakistan will be the relative gainer of the latest MSCI rebalancing, as its weight within MSCI EM Index has increased to 0.18 percent from 0.16 percent. Though 7 local companies have been deleted from the MSCI Index, the increase in weight for Pakistan in MSCI EM Index was mainly due to the simultaneous exclusion of companies for other markets in EM more... (BR)


Breakthrough claimed, but ball again in court of Asif, Nawaz
Representatives of the PPP and PML-N in the legal committee tasked with preparing a roadmap for reinstatement of deposed judges agreed here on Wednesday on the text of more... (D)

EC reverses decision; by-poll on June 26
The Election Commission has decided to hold by-elections on 38 National Assembly and provincial assembly seats on June 26, reversing its decision to put off by-elections for two more... (D)

Nawaz needs to be watched, US house panel told
A US congressional panel was told on Wednesday that while the PPP was doing a good job in Pakistan, former prime minister Nawaz Sharif needed to be watched more... (D)

 
sector Briefing

S&P affirms Maybank 'A-' rating with positive outlook
Standard & Poor's Ratings Services said today it affirmed its 'A-' long-term and 'A-2' short-term counterparty credit ratings on Malaysia's Malayan Banking Bhd. (Maybank). The outlook is positive. Maybank announced on May 5, 2008, that it will acquire 15% of Pakistan's MCB Bank Ltd Maybank will have the right to increase its stake to 20% after one year more... (BR)

Arif Habib Securities allowed to trade on Colombo bourse
Sri Lanka on Wednesday approved the first Pakistani brokerage and only foreign securities dealer to trade on the Colombo Stock Exchange, the securities watchdog said. SKM Lanka Holdings, a unit of Pakistan's Arif Habib Securities, was granted a license to trade in equities and debt, the Securities and Exchange Commission of Sri Lanka said more... (BR)

ANL expects 40 percent consolidated sales growth in 2008
The consolidated sales of Azgard Nine Limited (ANL) is expected to register a growth of 40 percent in 2008, with a contribution of 151 million dollar and 112 million dollar from textiles and fertiliser operations, respectively 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