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  June 19, 2008 

Statistics
KSE 100 Index
Previous. Index
12,497.86
Current Index
12,261.06
Change %
(1.89)%
YTD ( CY' 08)
(12.90)%
YTD ( FY' 08)
(10.95)%

International Indicates
 
Close
Percentage
BSE-30
15,422.31
(1.75)%
HANGSENG
23,325.80
1.16%
NIKKEI 255
14,452.82
0.73%
FTSE
5,756.90
(1.79)%
DJI
12,029.06
(1.08)%
TSX
15,068.83
0.83%
KLSE
1,212.59
(1.23)%

S.C.R.A
17-06-2008
(15.62)
June
(51.37)
YTD
(136.81)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.04%
KIBOR ( 6 months)
13.22%
PIB (10 years)
13.13%

Exchange Rates
Rs/US
66.72
RS/UK
130.45
RS/EURO
103.45
RS/OMAN RIYAL
173.73

commodities
Oil
$136/barrel
Oil Change in %
1.94%
Gold
$894.70/ounce
Gold Change in %
1.06%

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
53.78/-
53.24/-
Return YTD
9.94%
 
NAV
POAF
11.11/-
Retun YTD
10.88%

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

Economy

Pakistan to receive $256.85m WB loan
The World Bank on Tuesday approved $256.85 million credit and loan to Pakistan, designed to improve reliability and efficiency of power supply. Poor electricity service has been identified as a major constraint to Pakistan’s sustained economic growth more... (D)

Privatisation proceeds target cut by 98 percent
The finance ministry has revised privatisation revenue target, cutting it by 98 percent to Rs 1.6 billion for FY08 mainly due to slow process in the wake of domestic and external shocks on political and financial fronts more... (BR)

July-April services deficit crosses $5.574 billion
Pakistan services deficit has crossed 5.574 billion dollars during the first 10 months of the current fiscal (July-April), according to Federal Bureau of Statistics. The deficit in trade services during the first 10 months grew by 44.15 per cent as compared to the same period of last year more... (BR)

Asif, Nawaz fail to bridge differences: Judges issue, impeachment
Two rounds of talks, within three hours, between PPP co-chairman Asif Zardari and PML-N chief Nawaz Sharif on Wednesday failed to bridge their differences on a possible impeachment of President Pervez Musharraf and reinstatement of deposed judges more... (D)

APDM warns Asif of exposing his ‘corruption’
The All Parties Democratic Movement has warned PPP co-chairman Asif Ali Zardari of exposing what it called his corruption of billions of rupees if he failed to restore judiciary to its pre-emergency status more... (D)

ANP not against impeachment
The Awami National Party has said that it has neither opposed reinstatement of the deposed judges nor is it against the impeachment of President Pervez Musharraf more... (D)

 

 
sector Briefing

Senate body calls for an end to deemed, customs duties
The Senate standing committee on Petroleum passed a unanimous resolution on Wednesday for scraping of deemed and customs duty on petroleum products to ease pressure on their prices. The resolution will be presented to the National Assembly for debate on June 19 (today). Talking to Business Recorder, Senator Rukhsana Zuberi said more... (BR)

KANUPP resumes 70 megawatts power supply to KESC
The Karachi Nuclear Power Plant (KANUPP) resumed 70 MW power supply to Karachi Electric Supply Company (KESC) on Wednesday. KANUPP was shutdown on May 19, 2008 due to loss of KESC grid more... (BR)

250 megawatts project feasibility study: PPIB reluctant to extend deadline
The Private Power Infrastructure Board (PPIB) has accused China National Machinery Import and Export Corporation (CMC) of exerting undue pressure to seek extension in a feasibility study deadline for 250 mw coal-based project to be set up in Sonda Jherruk (Sindh), sources told Business Recorder 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