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  July 02, 2008 

Statistics
KSE 100 Index
Previous. Index
12,289.03
Current Index
12,221.53
Change %
(0.55)%
YTD ( CY' 08)
(13.18)%
YTD ( FY' 08)
(11.24)%

International Indicates
 
Close
Percentage
BSE-30
12,961.68
(3.71)%
HANGSENG
22,102.01
0.27%
NIKKEI 255
13,463.20
(0.13)%
FTSE
5,479.90
(2.60)%
DJI
11,382.26
0.28%
TSX
14,355.21
0.44%
KLSE
1,174.83
(0.98)%

S.C.R.A
30-06-2008
(10.77)
June
(146.67)
YTD
(232.11)

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
68.40
RS/UK
136.39
RS/EURO
107.85
RS/OMAN RIYAL
178.10

commodities
Oil
$142/barrel
Oil Change in %
1.03%
Gold
$941.30/ounce
Gold Change in %
1.63%

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
53.94/-
53.40/-
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

Increase in CNG price Rs 4.3/KG, not Rs 13: Ministry
The Ministry of Petroleum and Natural Resources has notified that the government has increased CNG prices by Rs4.3 per KG, not Rs13 per KG. A notification issued by Director General (Gas), Ministry of Petroleum and Natural Resources on Tuesday more... (BR)

FDI’s fade by 37pc in 11 months
The Total foreign investment in Pakistan during the first eleven months of the current fiscal year witnessed a decrease of 37.2 percent as it was recorded at $3943.3 million. The total foreign investment in the country was recorded at $6280.6 million in the corresponding period of the last year, official sources in the Ministry of Finance said more... (FD)

No more power subsidy against GST from July 1
The government has decided to withdraw the subsidy on electricity with effect from Tuesday, which was being provided against general sales tax on electricity bills, and now the burden of 16 per cent general sales tax on electricity bills would directly pass on to consumers more... (FD)

PPP losing popularity: Fahim
PPP Senior Vice-Chairman Makhdoom Amin Fahim on Tuesday expressed dissatisfaction over the three-month performance of the PPP-led coalition, saying people were committing suicides but those at the helm were doing nothing to solve their problems more... (D)

Asif wants Musharraf to remain in office: analyst
It is not the US but Asif Ali Zardari who wants to see President Pervez Musharraf continue in his office and chief justice Iftikhar Mohammad Chaudhry remain out more... (D)

West helped military, not people: Asif
ISLAMABAD, July 1: The West paid a huge price for using Pakistan for achieving short-term objectives and investing more on arming its military than on its people, according to PPP co-chairman Asif Ali Zardari more... (D)

 
sector Briefing

PSO reluctant to supply furnace oil to government power plants
The Pakistan State Oil (PSO) has expressed inability to meet furnace oil requirements of public sector thermal power plants because of its worsening financial position, official sources told Business Recorder here on Tuesday more... (BR)

New oil pricing formula not approved
The Economic Co-ordination Committee (ECC) of the cabinet has declined to approve the new oil pricing formula, asking the Ministry of Petroleum and Natural Resources (MP&NR) to take all stakeholders on board before putting a new mechanism for oil sector in place more... (BR)

The highest ever dividend by NIT
National Investment Trust (NIT) has declared the highest ever dividend of Rs 6.50 per unit for its unit holders for the year ended on June 30, 2008. Muhammad Nawaz Tishna, Chairman and MD NIT announced this after the Board of Directors meeting, in which board approved the dividend for the year ended 30th June 2008 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