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  June 18, 2008 

Statistics
KSE 100 Index
Previous. Index
12,444.13
Current Index
12,497.86
Change %
0.43%
YTD ( CY' 08)
(11.21)%
YTD ( FY' 08)
(9.24)%

International Indicates
 
Close
Percentage
BSE-30
15,696.90
1.96%
HANGSENG
23,057.99
0.12%
NIKKEI 255
14,348.37
(0.04)%
FTSE
5,861.90
1.16%
DJI
12,160.30
(0.89)%
TSX
14,778.46
1.20%
KLSE
1,227.76
(0.83)%

S.C.R.A
16-06-2008
3.56
June
(35.75)
YTD
(121.18)

Money Market Updates
Tbill Cut-off
 
1 year
11.39%
6 month
11.19%
KIBOR ( 3 months)
13.11%
KIBOR ( 6 months)
13.14%
PIB (10 years)
12.97%

Exchange Rates
Rs/US
66.69
RS/UK
130.71
RS/EURO
103.40
RS/OMAN RIYAL
173.68

commodities
Oil
$133.40/barrel
Oil Change in %
(0.73)%
Gold
$885.30/ounce
Gold Change in %
(0.12)%

Inflation
CPI (YOY)
19.3%
CPI (July-Apr)
11.1%
CORE INFTN (YOY)
12.3%
CORE INFTN (July-Apr)
7.9%

Economic Indicators
$US Reserves (Billion)
10.95
GDP Growth FY 08E
5.8%
Per Capita Income
$925
Population
163.55mn
Trade Deficit
$(18.75)bn
Curr. A/C (Jul'07-Jan'08)
$(11.58)bn
Remittances
$5.90bn
Foreign Investment
$3.60 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

International Indicates
 
Offer
Redemption
POBOP
53.76/-
53.22/-
Return YTD
9.92%
 
NAV
POAF
11.11/-
Retun YTD
10.88%

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-

Economy

14 percent decline in FDI
Foreign direct investment (FDI) during the current fiscal year declined by 14 percent mainly due to uncertainty on political front and continued demonstrations in the country more... (BR)

Rs 10 billion food subsidy in Punjab budget: Kaira
Punjab Finance Minister Tanvir Ashraf Kiara has said the provincial government has set aside Rs 10 billion in the shape of food subsidy for poorer people in the budget. In his post-budget press conference on Tuesday, he said that the subsidy would help three essential food items--flour, cooking oil and pulses more... (BR)

'Land grant policy' for farmers introduced: Marri
The Sindh government has introduced 'Land Grant Policy' for poor farmers in the 2008-09 Budget for 'absolute' elimination of feudalism from the province. "Absolutely, this is to eliminate feudalism and change this (feudal) mindset," Sindh Minister for Information Shazia Marri told Business Recorder when asked if the Policy, under which 212000 acres land would be granted to landless farmers, could be termed as a step towards elimination of feudalism in the province more... (BR)


PPP wants impeachment of President but lacks the required parliamentary strength: Zardari
PPP Co-Chairman Asif Ali Zardari said on Tuesday that ruling coalition parties lacked the required parliamentary strength for impeachment of President and added ANP and MQM have reservations in this regard more... (BR)

BB made Musharraf quit army: Asif
Pakistan People’s Party’s co-chairman Asif Ali Zardari said on Tuesday that the PPP had never recognised President Pervez Musharraf as a constitutional head of state and it continued to hold the view more... (D)

Lawmakers tear apart Musharraf legacy
Members of the National Assembly on Tuesday continued to use their budget speeches to vent their fury at the delay in reinstatement of the deposed judges and to criticise the long rule of President Pervez Musharraf more... (D)

 

 
sector Briefing

Payment to OMCs: government releases Rs 20 billion
The government on Tuesday released Rs 20 billion for payment of price differential claim (PDC) to oil marketing companies and refineries. Sources told Business Recorder that the Finance Ministry released the money to help OMCs and refineries have funds to purchase more oil stocks from their respective sources and ensure better supply of oil products to local market more... (BR)

Senate recommends 0.04 percent increase in CVT on stock market transactions
The Senate has recommended to the National Assembly that capital value tax (CVT) on stock market transactions should be increased from the existing 0.02 percent to 0.04 percent, reflecting 100 percent increase more... (BR)

15pc petrol pumps stop selling diesel
Diesel supplies across the country have started dipping as the government and oil marketing companies (OMCs) get entangled in a vicious circle of default, forcing 15 per cent of the petrol pumps to stop selling the product 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