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  June 20, 2008 

Statistics
KSE 100 Index
Previous. Index
12,261.06
Current Index
11,870.95
Change %
(3.18)%
YTD ( CY' 08)
(15.67)%
YTD ( FY' 08)
(13.79)%

International Indicates
 
Close
Percentage
BSE-30
15,087.99
(2.17)%
HANGSENG
22,797.61
(2.26)%
NIKKEI 255
14,130.17
(2.23)%
FTSE
5,708.40
(0.84)%
DJI
12,063.09
0.28%
TSX
15,068.83
0.83%
KLSE
1,196.39
(1.33)%

S.C.R.A
18-06-2008
(28.62)
June
(80.00)
YTD
(165.44)

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)
13.45%

Exchange Rates
Rs/US
67.85
RS/UK
133.36
RS/EURO
105.34
RS/OMAN RIYAL
176.84

commodities
Oil
$131.98/barrel
Oil Change in %
(2.95)%
Gold
$899/ounce
Gold Change in %
0.48%

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)
10.91
GDP Growth FY 08E
5.8%
Per Capita Income
$925
Population
163.59mn
Trade Deficit
$(18.75)bn
Curr. A/C (Jul'07-Jan'08)
$(11.58)bn
Remittances
$5.90bn
Foreign Investment
$3.94 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

International Indicates
 
Offer
Redemption
POBOP
53.76/-
53.22/-
Return YTD
9.94%
 
NAV
POAF
11.12/-
Retun YTD
10.88%

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

Economy

Withdrawal of subsidies in phases: Naveed
Finance Minister Syed Naveed Qamar has said subsidies on oil and energy would not be taken back in one go, rather these would be withdrawn in phases to minimise the impact on the masses more... (BR)

Pakistan to get Rs 300 billion loans, grants during fiscal year 2009
Pakistan will get some Rs 300 billion (around four billion dollars) foreign assistance in the shape of loans and grants for the next fiscal year from international financial institutions and different countries to run its development and non-development programmes smoothly more... (BR)

Pakistan's foreign exchange reserves fall to $10.91 billion
Foreign exchange reserves fell by 44 million dollars to 10.91 billion dollars in the week that ended on June 14, said the State Bank on Thursday. Reserves held by the State Bank of Pakistan fell by 12 million dollars to 8.267 billion dollars, while those held by commercial banks rose to 2.643 billion dollars from 2.567 billion dollars more... (BR)

APDM asks Musharraf to step down
The All Parties Democratic Movement (APDM) on Thursday called for reversing all unconstitutional acts taken during Pervez Musharraf’s dictatorship, particularly those of Nov 3, 2007 more... (D)

Disqualification: PML-N may surrender Punjab
The PML-N may surrender the Punjab government in case party leaders Mian Nawaz Sharif and his younger brother and province’s chief minister Mian Shahbaz Sharif are disqualified by the Lahore High Court presently hearing cases against them more... (D)

MNAs seek reduction in President House expenses
A majority of lawmakers in the National Assembly on Thursday opposed the increase sought by the government in the President House’s expenditure and said the rise was incomprehensible more... (D)

 

 
sector Briefing

15 percent shares of MCB Bank: Maybank makes $666 million payment
Malayan Banking Berhad (Maybank) on Thursday remitted $666 million (Rs 44 billion) to Pakistan (on Monday value) as payment for 15 percent shares of MCB Bank Limited. Maybank had signed an agreement for the purchase of upto 20 percent ordinary shares of Nishat Group on May 3rd, 2006 more... (BR)

Petroleum products: ministry recommends cut in GST to token 10 paisa per litre
The Ministry of Petroleum and Natural Resources has recommended to the Economic Co-ordination Committee of the Cabinet to cut General Sales Tax on petroleum products from 15 percent to token Rs 0.10 per litre. In its summary now with ECC for approval, the ministry said more... (BR)

China Mobile to invest further $800 million in Pakistan
China Mobile, the world's largest telecommunication organisation will make further investment amounting to $800 million in Pakistan. The President of China Mobile, Wang Gian Zhuo said during a meeting with Pakistan Foreign Secretary, Salman Bashir in Beijing on Thursday 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