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  July 01, 2008 

Statistics
KSE 100 Index
Previous. Index
12,353.19
Current Index
12,289.03
Change %
(0.52)%
YTD ( CY' 08)
(12.71)%
YTD ( FY' 08)
(10.75)%

International Indicates
 
Close
Percentage
BSE-30
13,461.60
(2.47)%
HANGSENG
22,102.01
0.27%
NIKKEI 255
13,481.38
(0.46)%
FTSE
5,625.90
1.74%
DJI
11,350.01
0.03%
TSX
14,355.21
0.44%
KLSE
1,186.57
(0.33)%

S.C.R.A
27-06-2008
(14.95)
June
(135.90)
YTD
(221.34)

Money Market Updates
Tbill Cut-off
 
1 year
11.69%
6 month
11.47%
KIBOR ( 3 months)
13.88%
KIBOR ( 6 months)
14.19%
PIB (10 years)
13.29%

Exchange Rates
Rs/US
68.03
RS/UK
135.63
RS/EURO
107.36
RS/OMAN RIYAL
177.19

commodities
Oil
$140.54/barrel
Oil Change in %
(0.87)%
Gold
$926.20/ounce
Gold Change in %
(0.23)%

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)
11.29
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
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
53.90/-
53.36/-
Return YTD
9.93%
 
NAV
POAF
11.14/-
Retun YTD
10.86%

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

Economy

Gas prices raised by upto 31 percent: CNG rates up by Rs 13 per kg
The government has increased gas prices by 31 percent and that of Compressed Natural Gas (CNG) by Rs 13 per kg. The new rates will be effective from July. The Oil and Gas Regulatory Authority notified the new rates on Monday more... (BR)

Rs 990 billion revenue target achieved
The provisional revenue collection is likely to exceed Rs 1trillion in 2007-08 against the revised target of Rs 990 billion, as the Federal Board of Revenue (FBR) touched the figure of nearly Rs 990 billion by the end of June, reflecting extraordinary performance during last year more... (BR)

Pakistan in need of increased economic aid: Gilani tells Boucher
Prime Minister Syed Yousaf Raza Gilani has said it is often not realised that one incident of terrorism in Pakistan leads to flight of foreign capital from the country besides discouraging the flow of foreign investment. Pakistan is in need of increased economic assistance not only to stabilise democracy but also to fulfil our promise of providing better life to the people more... (BR)

‘Enough numbers to impeach president’
Pakistan Peoples’ Party’s Punjab Information Secretary MNA Farzana Raja says the government is reversing policies of President Musharraf and has the support of required number of members of parliament for his impeachment more... (D)

PML-N leader warns of quitting coalition over judges issue
The PML-N ratcheted up pressure for reinstatement of the deposed judges on Monday by calling upon the PPP not to link the reinstatement to the constitutional package because more... (D)

Operation to continue till objectives achieved: govt
The Ministry of Interior said on Monday that the operation launched in the Khyber Agency would continue till its objectives were achieved. It also announced a ban on more... (D)

 
sector Briefing

KSE volume falls to all-time low
The single-session turnover figure on Monday on the Karachi stock market fell to an all-time low level so far of 11.485m shares owing to investor worries over the more... (BR)

Price differential claims: government pays PSO, Shell Rs 72 billion
The government has paid Rs 72 billion to Pakistan State Oil and Shell as price differential claims (PDCs). PSO got major share of Rs 62 billion while Shell received Rs 10 billion. Sources said PSO paid back Rs 42 billion to banks and Rs 20 billion to refineries. Shell also cleared Rs 7.5 billion loan of the commercial banks and Rs 2.5 billion to refineries more... (BR)

Fund managers' associated companies allowed to invest in mutual funds
The Securities and Exchange Commission of Pakistan (SECP), in the best interest of the capital market, has allowed associated companies of the fund managers to invest in mutual funds. This decision will bring mutual funds at par with the commercial banks more... (BR)

(D): Dawn (BR): Business Recorder (FD): The 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