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  June 24, 2008 

Statistics
KSE 100 Index
Previous. Index
11,655.28
Current Index
11,162.17
Change %
(4.23)%
YTD ( CY' 08)
(20.70)%
YTD ( FY' 08)
(18.94)%

International Indicates
 
Close
Percentage
BSE-30
14,293.32
(1.91)%
HANGSENG
22,714.96
(0.13)%
NIKKEI 255
13,857.47
(0.61)%
FTSE
5,667.20
0.83%
DJI
11,842.36
(0.33)%
TSX
15,068.83
0.83%
KLSE
1,195.41
(0.93)%

S.C.R.A
21-06-2008
(0.26)
June
(99.27)
YTD
(184.71)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.33%
KIBOR ( 6 months)
13.50%
PIB (10 years)
13.37%

Exchange Rates
Rs/US
67.45
RS/UK
132.78
RS/EURO
104.96
RS/OMAN RIYAL
175.76

commodities
Oil
$136.87/barrel
Oil Change in %
0.78%
Gold
$887.50/ounce
Gold Change in %
(2.19)%

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
53.84/-
53.30/-
Return YTD
9.91%
 
NAV
POAF
11.13/-
Retun YTD
10.88%

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

Economy

Rs 391 billion supplementary grants approved by National Assembly
National Assembly on Monday approved supplementary grants worth Rs 391 billion - charged expenditures of Rs 190 billion and uncharged expenditure of Rs 201 billion - for different ministries and divisions against a total of 131 demands for 2007-08 more... (BR)

Oil consumers paying 14 taxes on each litre
Oil consumers are paying 14 taxes and charges including wharfage, a tax charged from countries at war to cover risk, on each litre of petrol and diesel. The shipping lines had imposed wharfage on Pakistan during Iraq war and the levy is still in place more... (BR)

Govt to control overspending, says Qamar
The government is determined to stay within limit during next fiscal year 2008-09 and no Ministry or Division would be allowed to over-spend, Federal Finance Minister Syed Naveed Qamar told the National Assembly on Monday more... (FD)

Nawaz barred from by-poll: LHC allows Shahbaz to remain in office
The Lahore High Court on Monday disqualified Pakistan Muslim League-N leader Mian Nawaz Sharif from contesting the June 26 by-election more... (D)

PML-N disowns SC expansion
Tempers frayed in the National Assembly on Monday as the Pakistan Muslim League-N dissociated itself from a controversial expansion of the Supreme Court through the Finance Bill in more... (D)

Asif, Gilani speak of firmness with law-breakers
Prime Minister Yousuf Raza Gilani and Pakistan People’s Party co-chairman Asif Ali Zardari on Monday discussed the political situation in the backdrop of Lahore High Court’s decision that more... (D)

 

 
sector Briefing

Lower lock at one percent: SECP takes steps to stabilise market
The Securities and Exchange Commission of Pakistan (SECP) has revised the currently applicable security-wise circuits and introduced lower lock at one percent instead of five percent and upper cap at 10 percent for one month. Short selling will be banned on futures market while bank guarantee will be acceptable as cash margin, effective from June 24, 2008 more... (BR)

Hubco to set up 225 megawatts power plant at Narowal
The Hub Power Company Limited, one of the largest independent power producer in Pakistan is setting up a combined cycle power plant based on reciprocating engines technology with an investment of about $300 million and having an ISO installed capacity of 225MW at District Narowal, Punjab more... (BR)

PSO buys 50,000 tons gasoline
Pakistan State Oil (PSO) has bought a total 50,000 tons of gasoline for late June-August arrival, or 25 per cent more than what it stated in its tender, a trader said Monday more... (D)

(D): Dawn (BR): Business Recorder (FD): Financial Daily
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