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  July 03, 2008 

Statistics
KSE 100 Index
Previous. Index
12,221.53
Current Index
12,126.10
Change %
(0.78)%
YTD ( CY' 08)
(13.85)%
YTD ( FY' 08)
(11.93)%

International Indicates
 
Close
Percentage
BSE-30
13,664.62
5.42%
HANGSENG
21,704.45
(1.80)%
NIKKEI 255
13,286.37
(1.30)%
FTSE
5,426.30
(0.98)%
DJI
11,215.51
(1.46)%
TSX
14,355.21
0.44%
KLSE
1,153.70
(1.79)%

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

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.74%
KIBOR ( 6 months)
14.13%
PIB (10 years)
13.38%

Exchange Rates
Rs/US
69.00
RS/UK
137.50
RS/EURO
109.18
RS/OMAN RIYAL
179.70

commodities
Oil
$144.25/barrel
Oil Change in %
1.58%
Gold
$944.90/ounce
Gold Change in %
0.38%

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
Return YTD
*Book Closure
 
NAV
POAF
Retun YTD
*Book Closure

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

Economy

Rs 1.02 trillion revenue collected in fiscal year 2008
Breaking all previous records of revenue collection, the Federal Board of Revenue (FBR) has amassed Rs 1.02 trillion during July-June (2007-08) against Rs 847.236 billion in the corresponding period last year, reflecting an overall growth of 18.3 percent more... (BR)

Portfolio investment turns negative in FY08
The fiscal year 2007-08 ending with net outflow from the portfolio investment left a big negative mark on the country’s vulnerable economic and political situation more... (D)

Healthy growth seen in cement export
Pakistan's cement exports have witnessed a healthy growth of 142 percent to historical level of 7.712 million tonnes during the 2007-08 fiscal year in the wake of rising international demand, industry sources said. They said that at present, regional countries were facing huge shortage of cement, which had played a key role in achieving landmark cement exports during the last fiscal year more... (BR)

US has the authority to hit Al Qaeda leaders in Pakistan, says Mullen
America’s top military official said on Wednesday that he has all the authority he needed for targeting senior Al Qaeda and Taliban leaders in Pakistan’s tribal areas but more... (D)

PM wants Fata action to be result-oriented: Operation launched with allies’ consent: Sherry
Prime Minister Syed Yousuf Raza Gilani has said the operation against militants in tribal areas should be “result-oriented and conclusive” without causing inconvenience to the people more... (D)

Musharraf conspiring against me: Shahbaz
Alleging President Pervez Musharraf of hatching conspiracies against his Chief Ministership, Chief Minister Punjab Mian Shahbaz Sharif has vowed to sacrifice the post but would not compromise on the principles. Addressing a press conference here on Wednesday, the Chief Minister Punjab stated that by imposing the PCO judges, all the doors of justice have been closed and increased the difficulties for masses to get justice but the PML-N would remove all the obstacles more... (FD)

 
sector Briefing

E&P sector outdoes 100-index by 23.9pc
Exploration and Production (E&P) sector is the second largest listed sector at Karachi Stock Exchange (KSE) with 21.23 per cent weightage in total market cap on 30 June, 2008 and 23.8 per cent in overall corporate earnings of the listed companies in 2007 more... (FD)

MOL buys 40pc stake in Karak oil block
Hungarian oil and gas group MOL said on Wednesday that it had signed a deal with Mari Gas Company Limited to buy a 40 per cent stake in the Karak exploration block in Pakistan more... (D)

Oil hits 145 dollars for first time
Oil continued its record-breaking run on Friday, hitting 145 dollars a barrel for the first time after a US report added to supply worries and the US dollar weakened, analysts said. Brent North Sea crude for August delivery traded at 145.00 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