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  June 10, 2008 

Statistics
KSE 100 Index
Previous. Index
13,134.56
Current Index
12,908.22
Change %
(1.72)%
YTD ( CY' 08)
(8.30)%
YTD ( FY' 08)
(6.25)%

International Indicates
 
Close
Percentage
BSE-30
15,066.10
(3.25)%
HANGSENG
24,402.18
0.61%
NIKKEI 255
14,181.38
(2.13)%
FTSE
5,877.60
(0.49)%
DJI
12,280.32
0.58%
TSX
14,969.55
(0.09)%
KLSE
1,230.98
(1.41)%

S.C.R.A
06-06-2008
(6.76)
June
(27.37)
YTD
(112.80)

Money Market Updates
Tbill Cut-off
 
1 year
11.39%
6 month
11.19%
KIBOR ( 6 months)
12.97%
PIB (10 years)
12.57%

Exchange Rates
Rs/US
67.48
RS/UK
133.11
RS/EURO
106.35
RS/OMAN RIYAL
175.72

commodities
Oil
$135/barrel
Oil Change in %
(2.02)%
Gold
$893.80/ounce
Gold Change in %
(1.11)%

Inflation
CPI (YOY)
17.2%
CPI (July-Apr)
10.3%
CORE INFTN (YOY)
10.8%
CORE INFTN (July-Apr)
7.5%

Economic Indicators
$US Reserves (Billion)
11.17
GDP Growth FY 08E
5.7%
Per Capita Income
$925
Population
163.49mn
Trade Deficit
$(16.80)bn
Curr. A/C (Jul'07-Jan'08)
$(11.58)bn
Remittances
$5.32bn
Foreign Investment
$3.60 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy


World Bank and IMF predict 3.5 percent growth in fiscal year 2009
The World Bank and the International Monetary Fund have forecast a growth rate of 3.5 percent in 2008-09, while the Planning Commission has projected a 6.5 percent growth more... (BR)

It's going to be Rs 2.1 trillion budget, says Naveed
Syed Naveed Qamar, said budget 2008-09 is going to be Rs 2.1 trillion in size against Rs 1.874 trillion of the last year and the government employees and pensioners will get 15 to 20 percent raise in their salaries to offset price-hike affect more... (BR)

Trade deficit at record high of $18.7bn
Pakistan’s trade deficit swelled to an unprecedented $18.756 billion in the first 11 months of the current fiscal year, up 52 per cent from $12.311 more... (D)

 


President's impeachment: PPP gets the go-ahead from Zardari
The co-chairman of Pakistan People's Party, Asif Ali Zardari has held important meetings in Saudi Arabia in which he directed PPP leadership to get ready for President Musharraf's impeachment, Aaj TV channel reported on Monday more... (BR)

Caravans set off for lawyers' long march
Lawyers launched their long march on Monday, with thousands of them proceeding in caravans from Karachi and Quetta on way to Sukkur from where they will move onwards to Multan and Islamabad more... (D)

Nawaz, Imran plan to join long march
Former prime minister Nawaz Sharif and Imran Khan are returning home, the former on Tuesday and the latter on Monday night, to take part in the long march more... (D)


 
sector Briefing

Cement prices hit new peak
Cement prices have risen just before the budget and currently the price of various brands range between Rs290-325 as compared to Rs240-270 a month back more... (BR)

Wapda announces package for agriculture and industrial sectors
Export-oriented textile, spinning and flour industries and the agriculture sector have been declared exempted from power cut on June 10, 2008, while electricity supply will also be increased for other sectors, including agriculture tube-wells more... (BR)

Five percent energy surcharge likely on imports
The federal government is likely to impose 5 percent energy surcharge on all imports, following World Bank's advice to reduce oil and gas subsidy. Sources from Islamabad told Business Recorder that the World Bank recently said that Pakistan should reduce oil and gas subsidy by the end of December this year 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