BasedLine
LOGO
  May 9, 2008 

Statistics
KSE 100 Index
Previous. Index
14,455.29
Current Index
14,388.52
Change %
(0.46)%
YTD ( CY' 07)
2.21%
YTD ( FY' 07)
4.48%

International Indicates
 
Close
Percentage
BSE-30
17,080.65
(1.49)%
HANGSENG
25,449.79
(0.63)%
NIKKEI 255
13,943.26
(1.13)%
FTSE
6,270.80
0.16%
DJI
12,866.78
0.41%
TSX
14,371.34
(0.29)%
KLSE
1,275.91
(0.39)%

S.C.R.A
07-05-2008
(23.89)
May
(80.53)
YTD (July-Date)
27.58

Money Market Updates
Tbill Cut-off
 
1 year
10.17%
6 month
9.89%
KIBOR ( 6 months)
10.48%
PIB (10 years)
11.56%

Exchange Rates
Rs/US
67.13
RS/UK
131.20
RS/EURO
103.14
RS/OMAN RIYAL
174.96

commodities
Oil
$124.66/barrel
Oil Change in %
0.78%
Gold
$881.40/ounce
Gold Change in %
1.49%

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)
12.26
GDP Growth FY 07
7%
Per Capita Income
$925
Population
163.23mn
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

Government to focus more on energy crisis: Dar
The government is cognisant of the energy crisis facing the country and has initiated steps by involving all the stakeholders to overcome the shortage of power which is key to the sustainable economic growth more.... (BR)

Reforms for exchange companies
The State Bank of Pakistan has announced to launch the second-phase reforms for the exchange companies and will issue regulatory guidelines that will set in motion corporate governance reforms for the exchange companies. This announcement was made by the SBP governor Dr Shamshad Akhtar during a meeting with the heads of exchange companies held at SBP head office on Thursday more... (BR)

Progressive tax system being planned: Dar
Promising a relief package for the poor in the forthcoming budget, Finance Minister Ishaq Dar has hinted that progressive taxation will be introduced through the finance bill to make the rich pay their share of dues more... (D)


Judges issue lands in London after draws at Murree, Dubai
PPP co-chairman Asif Ali Zardari accompanied by the prime minister’s adviser on interior, Rehman Malik, arrived here on Thursday evening for what is termed as the final round more... (D)

Call in Senate for change in pro-US foreign policy
Both friends and foes of the new government urged it during a Senate debate on Thursday to review what many saw as a pro-US foreign policy charted by more... (D)

KSE has ‘huge’ upside potential: US envoy
US Ambassador Anne W. Patterson has said that Pakistan’s stock market had a “huge” upside potential more... (D)

 
sector Briefing

Fitch affirms individual and support ratings of MCB Bank
Fitch Ratings has on Thursday affirmed the Individual and Support ratings of MCB Bank Limited (MCB) at 'D' and '5' respectively, following the announcement that Malayan Banking Berhad (Maybank, foreign and local currency Issuer Default Ratings of 'A-' (A minus)/ Rating Watch Evolving) would be acquiring up to 20 percent in MCB from the latter's largest shareholder, the Nishat Group more.... (BR)

Lucky Cement raises $109m via GDRs
Lucky Cement, the country’s biggest cement maker, said on Thursday it raised $109.3 million through the issue of global depositary receipts (GDRs) to be listed on the London Stock Exchange more... (D)

IPPs fuel stocks hit rock bottom: massive loadshedding likely
The Independent Power Producers' (IPPs) fuel stocks have hit rock bottom, stirring a fear that the gap between power demand and supply would further widen, resultantly increasing loadsheding duration in June and July 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