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  June 26, 2008 

Statistics
KSE 100 Index
Previous. Index
12,122.67
Current Index
12,430.29
Change %
(2.53)%
YTD ( CY' 08)
(11.69)%
YTD ( FY' 08)
(9.73)%

International Indicates
 
Close
Percentage
BSE-30
14,220.09
0.80%
HANGSENG
22,635.16
0.80%
NIKKEI 255
13,829.92
(0.40)%
FTSE
5,666.10
0.56%
DJI
11,811.83
0.04%
TSX
14,691.82
0.76%
KLSE
1,209.11
0.73%

S.C.R.A
24-06-2008
(14.99)
June
(108.76)
YTD
(194.20)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.66%
KIBOR ( 6 months)
13.88%
PIB (10 years)
13.43%

Exchange Rates
Rs/US
67.80
RS/UK
133.61
RS/EURO
105.65
RS/OMAN RIYAL
176.63

commodities
Oil
$134.30/barrel
Oil Change in %
(1.85)%
Gold
$889.80/ounce
Gold Change in %
0.09%

Inflation
CPI (YOY)
19.3%
CPI (July-Jun)
11.1%
CORE INFTN (YOY)
12.3%
CORE INFTN (July-Jun)
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
(Jun, 14,08)
Rs.3,699 bn

International Indicates
 
Offer
Redemption
POBOP
53.84/-
53.30/-
Return YTD
9.83%
 
NAV
POAF
11.11/-
Retun YTD
10.88%

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

Economy

Country to miss textile exports target
The country will miss the current year's textile export target of $12 billion due to power shortage, increase in cost of production, political instability and stiff competition in world market. Textile exporters have shown poor performance during the current fiscal year, despite getting huge subsidies on account of research and development (R&D) support from the government since 2005 more... (BR)

Cabinet proposes a revisit of Gwadar Port contract
The federal cabinet has proposed a revisit of the contract signed between a consortium of Singapore Port Authority (SPA)/AKD Securities and ShaukatAziz-led government on Gwadar Port, well-placed sources told Business Recorder more... (BR)

Iranians identify 300 items to boost trade by $1 billion
The Commerce Organisation, Sistan of the Iranian province Balochistan, has identified a list of 300 tradable items between Pakistan and Iran to enhance trade volume between the two countries by one billion dollars. Commerce Organisation President Iraj Hassan Poor stated this during a meeting with the office-bearers of the Lahore Chamber of Commerce and Industry (LCCI) here on Wednesday more... (D)

Polling for by-elections today
Polling for by-elections to five National Assembly and 25 provincial assembly constituencies will be held on Thursday (today).Voting will begin at 8am and continue till 5pm without break more... (D)

Apex court stays by-poll in NA-123: Partial relief provided to Nawaz
The Supreme Court on Wednesday ordered postponement of by-elections to the NA-123 Lahore constituency from where PML-N chief Nawaz Sharif has been barred by the Lahore High Court from contesting more... (D)

PM to meet Bush next month
Prime Minister Yousuf Raza Gilani is coming to Washington next month on his first visit to the United States as the head of the new government in Islamabad more... (D)

 
sector Briefing

Islamic banks’ assets boom 368pc in 3 yrs
Total assets of Islamic banking have recorded an unprecedented climb of 368 per cent to Rs147 billion in the last three years, rising from Rs44 billion in December 2004. According to a report here on Wednesday, total deposits have also grown by 390 per cent to Rs147 in December 2007, compared to Rs30 billion in 2004. Similarly, Islamic banking financing and investment have surged by 360 per cent, climbing from Rs30 billion in December 2004 to Rs138 billion in December 2007 more... (FD)

Maybank plans stake in Takaful company
Malaysia’s Malayan Banking Bhd, the country’s largest in asset terms, plans to buy a 30 per cent stake in Pak-Kuwait Takaful Company Ltd, the Malaysian lender said on Wednesday more... (D)

Rs 80 per bag increase in cement price in 10 days
With the increase of about Rs 80 in 10 days, the cement prices have gone up from Rs 240 to Rs 320 per bag in the retail market, it is learnt. Market sources said a cement bag was available for Rs 230 at retail level, and in some areas for Rs 235, in the first week of June 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