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  June 23, 2008 

Statistics
KSE 100 Index
Previous. Index
11,870.95
Current Index
11,655.28
Change %
(1.81)%
YTD ( CY' 08)
(17.20)%
YTD ( FY' 08)
(15.35)%

International Indicates
 
Close
Percentage
BSE-30
14,571.29
(3.42)%
HANGSENG
22,745.60
(0.23)%
NIKKEI 255
13,942.08
(1.33)%
FTSE
5,620.80
(1.53)%
DJI
11,842.69
(1.83)%
TSX
15,068.83
0.83%
KLSE
1,206.67
0.86%

S.C.R.A
20-06-2008
(5.3)
June
(99.00)
YTD
(184.44)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.19%
KIBOR ( 6 months)
13.35%
PIB (10 years)
13.36%

Exchange Rates
Rs/US
67.35
RS/UK
133.12
RS/EURO
105.15
RS/OMAN RIYAL
175.55

commodities
Oil
$135.81/barrel
Oil Change in %
2.90%
Gold
$907.40/ounce
Gold Change in %
0.93%

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)
$(12.95)bn
Remittances
$5.90bn
Foreign Investment
$3.94 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

International Indicates
 
Offer
Redemption
POBOP
53.81/-
53.27/-
Return YTD
9.95%
 
NAV
POAF
11.12/-
Retun YTD
10.88%

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

Economy

New tax measures to fetch Rs80bn
The National Assembly on Sunday approved the Finance Bill envisaging a string of new taxation measures to mobilise more than Rs80 billion in revenue to meet rising expenditure and sustain a steady economic growth more... (D)

July-May food import bill up $3.86 billion
Country's food import bill has surged to new peak level of around four billion dollars due to the shortfall in the crops and rising world commodities prices more... (BR)

135 more items exempted from 35 percent L/C margin
The State Bank of Pakistan (SBP) on Saturday waived the requirement of 35 percent cash margin on a number of essential import items, with a view to facilitate the trade and industry. Dr Shamshad Akhtar, Governor, State Bank of Pakistan, made this announcement at the third meeting of the Private Sector Credit Advisory Council (PSCAC) held at the State Bank of Pakistan, Karachi more... (BR)

PPP man from Sindh will be president soon: Asif
Asif Ali Zardari has said the day is not far off when a People’s Party man from Sindh will be in the President’s House more... (D)

Finance Bill backed to avoid clash: PML-N
Pakistan Muslim League-N leaders said on Sunday that their party was against inclusion of a clause in the Finance Bill pertaining to increasing the number of judges in more... (D)

Judges restoration has turned into a political issue: Zardari
PPP Co-Chairperson Asif Ali Zardari on Sunday said that restoration of judges has become a political issue. He said that certain political parties have hijacked the matter of restoration of judges for their vested interests and as a result it has turned into a political issue more... (BR)

 

 
sector Briefing

KSE undergoes 1,286.28 points decline
Heavy selling pressure continued at the Karachi share market during the week ended on June 21, 2008 and the KSE-100 index witnessed a massive decline of 10 percent, or 1,286.28 points, to close at 63-week low level of 11,655.28 points more... (BR)

Iraq to award oil contracts to foreign companies, including Pakistan
Iraq will award contracts to 41 foreign oil firms in a bid to ramp up production that gives multinationals a potentially lucrative foothold in the nation's huge oil fields, an official said on Sunday more... (BR)

Pakistani team meets Tata power plant managing director
A six-member delegation headed by the Deputy Chairman Planning Commission Salman Farooqui met Managing Director of Tata Power plant here Sunday and shared mutual experiences in the field of power generation 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