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  June 25, 2008 

Statistics
KSE 100 Index
Previous. Index
11,162.17
Current Index
12,122.67
Change %
(8.60)%
YTD ( CY' 08)
(13.88)%
YTD ( FY' 08)
(11.96)%

International Indicates
 
Close
Percentage
BSE-30
14,106.58
(1.31)%
HANGSENG
22,456.02
(1.14)%
NIKKEI 255
13,849.56
(0.06)%
FTSE
5,634.70
(0.57)%
DJI
11,807.43
(0.29)%
TSX
14,691.82
0.76%
KLSE
1,200.28
0.40%

S.C.R.A
23-06-2008
5.50
June
(93.76)
YTD
(179.20)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.57%
KIBOR ( 6 months)
13.74%
PIB (10 years)
13.40%

Exchange Rates
Rs/US
67.85
RS/UK
133.45
RS/EURO
105.50
RS/OMAN RIYAL
176.72

commodities
Oil
$136.84/barrel
Oil Change in %
(0.02)%
Gold
$889/ounce
Gold Change in %
0.17%

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
53.86/-
53.32/-
Return YTD
9.93%
 
NAV
POAF
11.13/-
Retun YTD
10.88%

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

Economy

All subsidies to go this year: minister
Commerce Minister Chaudhry Ahmed Mukhtar told the National Assembly on Tuesday that all subsidies being provided by the government on various items would be withdrawn by the end of the current year more... (D)

US House approves $150 million new assistance
The US House of Representatives has approved $150 million in new assistance for Pakistan to address economic needs in the next fiscal year. The assistance is included in the war supplemental budget measure into the year 2009, beginning from more... (BR)

No payment of subsidies after June 30: SBP
The State Bank of Pakistan officially announced on Tuesday thatbanks and authorised dealers would not receive Research and Development (R&D) subsidy claims of textile and other sectors after June 25, 2008 and instructed field offices not tomake payment of subsidies after June 30, 2008 more... (BR)

Govt to move SC against Nawaz bar
The government on Tuesday offered its main ally Nawaz Sharif only legal help against an election bar ordered by a controversial court as the ruling coalition came under more... (D)

Nawaz’s disqualification draws widespread protest
Pakistan Muslim League-Nawaz (PML-N) activists and lawyers on Tuesday took out protest rallies across Punjab, blocked roads and at some places people attempted self-immolation against a Lahore High more... (D)

Shahbaz to retain Bhakkar seat: No ambiguity, rules chair
Punjab Assembly Deputy Speaker Rana Mashhood Ahmad ruled on Tuesday that Shahbaz Sharif was a constitutional chief minister of the province and he would retain his Bhakkar seat (PP-48) more... (D)

 

 
sector Briefing

KSE on cloud nine as record 960pts recovered in a day
After long bearish rule in the market during last few days, bulls made a strong come back with record gains as the stocks remained in the green territory throughout the day at Karachi Stock Exchange (KSE) more... (FD)

Dubai cement maker to erect Rs3bn unit in Pak
A business group based at Dubai will set up a cement plant in Pakistan with an investment of Rs3 billion. According to details, the work on the establishment of 'Giladari Cement', the proposed name, will begin from the next month and will be completed by November 2009 more... (FD)

Fortnightly oil pricing policy scrapped
The government has scrapped the policy of fortnightly announcing oil prices and has barred the Oil and Gas Regulatory Authority (Ogra) from fixing the rates for consumers on first and 15th of each month. From July 1, 2008, any upward or downward revision in the oil prices would be made on as-and-when-needed basis more... (BR)

(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