BasedLine
LOGO
  June 04, 2008 

Statistics
KSE 100 Index
Previous. Index
12,281.20
Current Index
12,479.47
Change %
1.61%
YTD ( CY' 08)
(11.35)%
YTD ( FY' 08)
(9.37)%

International Indicates
 
Close
Percentage
BSE-30
15,962.56
(0.63)%
HANGSENG
24,375.76
(1.80)%
NIKKEI 255
14,209.17
(1.60)%
FTSE
6,057.70
0.83%
DJI
12,402.85
(0.81)%
TSX
14,714.73
0.93%
KLSE
1,257.57
(0.39)%

S.C.R.A
02-06-2008
(33.55))
June
(33.55)
YTD
(118.98)

Money Market Updates
Tbill Cut-off
 
1 year
10.32%
6 month
9.89%
KIBOR ( 6 months)
13.06%
PIB (10 years)
12.35%

Exchange Rates
Rs/US
67.25
RS/UK
132.16
RS/EURO
104.43
RS/OMAN RIYAL
175.12

commodities
Oil
$126.31/barrel
Oil Change in %
(0.81)%
Gold
$882.50/ounce
Gold Change in %
(1.23)%

Inflation
CPI (YOY)
17.2%
CPI (July-Apr)
10.3%
CORE INFTN (YOY)
10.8%
CORE INFTN (July-Apr)
7.5%

Economic Indicators
$US Reserves (Billion)
11.51
GDP Growth FY 08E
5.7%
Per Capita Income
$925
Population
163.45mn
Trade Deficit
$(16.80)bn
Curr. A/C (Jul'07-Jan'08)
$(11.58)bn
Remittances
$5.32bn
Foreign Investment
$3.60 bn
Bank Deposits
(Jan, 19,08)
Rs.3,628. bn

Economy

It's going to be Rs 2.25 trillion budget
The federal cabinet is being presented Rs 2.25 trillion federal budget 2008-09, for overview in its meeting scheduled for Wednesday, June 4. Prime Minister Syed Yusuf Raza Gilani will chair the meeting. Sources said the cabinet will be given a detailed presentation on upcoming budget, being unveiled on June 10 more... (BR)

Extra 1500 megawatts generation: Rs 15 billion to be spent every month
The government will spend about Rs 15 billion per month for generating additional electricity of 1500 MW to ensure provision of electricity to industrial and agriculture units from June 15. "We need Rs 15 billion a month to generate the much needed electricity," said minister for water and power Raja Pervez Ashraf while talking to Business Recorder here on Tuesday more... (BR)

Interest rate jumps expected as country battles inflation
Since inflation hit a 30-year high and the rupee lost 14 percent of its value last month, the State Bank has been on a war footing to prevent the country from plunging into a major economic crisis, analysts said more... (BR)


Committee to examine PPP package
The Pakistan People’s Party and Pakistan Muslim League-N have agreed to form a joint committee to examine the constitutional package proposed by the PPP to pave the way more... (D)

Musharraf comes under intense flak in NA
President Pervez Musharraf came under intense flak from his critics on Tuesday during a noisy debate in National Assembly over a deadly US missile strike in the Bajaur more... (D)

Shahbaz to take over as CM this week
Pakistan Muslim League-N leader Chaudhry Nisar Ali Khan has said that the party’s president, Mian Shahbaz Sharif, will take over as chief minister of Punjab as the Election more... (D)

 
sector Briefing

CGT exemption extended to 2010, no change in CVT
The government has agreed to extend exemption of Capital Gain Tax (CGT) on listed shares to further two years to June 30, 2010 from June 30, 2008. This was decided at a meeting of a Karachi Stock Exchange delegation and Finance Minister Naveed Qamar at Islamabad on Tuesday. The meeting was also attended by the members of the newly-formed Economic Advisory Council more... (BR)

Istaqbal re-appointed NCEL chief
National Commodity Exchange Limited (NCEL) announced on Tuesday the re-appointment of Istaqbal Mehdi, Managing Director, Pak-Kuwait Investment Company Limited, as NCEL Board Chairman. This is his second term as NCEL Board Chairman. During his first term as chairman, he provided strategic impetus for building and developing NCEL from ground zero to launcg more... (BR)

HBL begins CY08 with strong earnings
Habib Bank Limited — one of the last big issues on offer for the public — began the CY08 with strong earnings momentum as the 1Q08 showed net profit growth of about 30 per cent year-on-year more... (D)


(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