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  July 04, 2008 

Statistics
KSE 100 Index
Previous. Index
12,126.10
Current Index
12,035.21
Change %
(0.75)%
YTD ( CY' 08)
(14.50)%
YTD ( FY' 08)
(12.59)%

International Indicates
 
Close
Percentage
BSE-30
13,094.11
(4.18)%
HANGSENG
21,242.77
(2.10)%
NIKKEI 255
13,265.40
(0.16)%
FTSE
5,476.60
0.93%
DJI
11,288.54
0.65%
TSX
14,355.21
0.44%
KLSE
1,153.70
(1.79)%

S.C.R.A
02-07-2008
(0.76)
July
(0.76)
YTD
(0.76)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.58%
KIBOR ( 6 months)
14.01%
PIB (10 years)
13.36%

Exchange Rates
Rs/US
69.73
RS/UK
138.63
RS/EURO
110.37
RS/OMAN RIYAL
182.32

commodities
Oil
$145.33/barrel
Oil Change in %
0.78%
Gold
$936/ounce
Gold Change in %
(0.94)%

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)
11.28
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
163.71mn
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

Oil flies beyond $146
The price of oil set a record high above $146 a barrel here on Thursday owing to falling reserves of US crude, simmering tensions over Iran and a weak dollar, traders said more... (D)

Pakistan's foreign exchange reserves dip by $1.4 million
Country's foreign exchange reserves declined by $1.4 million to $11.2845 billion from $11.2859 billion in last week. The State Bank of Pakistan (SBP) on Thursday issued latest statistics of the foreign reserves, which depict that the reserves held by SBP has declined by 30.2 million during the weeks ended on June 28, 2008 more... (BR)

Foreign firms, investors required to pay dual tax
In addition to income tax, foreign companies and investors are now required to pay another 10 percent tax on transfer of profits by their subsidiaries or branches operating in Pakistan more... (BR)

PML-N distances itself from oil price decision
The Pakistan Muslim League-N (PML-N) on Thursday distanced itself from the government’s recent decisions of increasing prices of petroleum products and launching operation in tribal areas more... (D)

PML-Q’s ‘white paper’ on govt’s 100-day performance
The Pakistan Muslim League-Q has released a ‘white paper’ on what it termed failure of the government to fulfil promises made in the 100-day programme announced by Prime more... (D)

Bush to receive Gilani on 28th
US President George W. Bush will receive Prime Minister Yousuf Raza Gilani at the Oval Office on July 28, the White House said on Thursday more... (D)

 
sector Briefing

SBP hike heaves CFS rate to 18pc
Increase in the interest rate has pushed the CFS rate to 18 per cent on average from 12 per cent. The rise in CFS rate has had a dampening impact on the trade activities of the stock exchange, said the senior brokers of KSE while talking to private television news channel. The turnover volume dipped to lowest ever 1.111 million shares at Karachi Stock Exchange (KSE) on lack of interest as 100-Index lost 90.89 points to close at 12,036.21, a dealer said more... (FD)

Big increase in urea price
Urea price on Thursday shot up by Rs 70 per 50 kg bag in the domestic market in the wake of recent gas tariffs rise by 31 percent, market sources said. Being an essential input for crops, it is becoming costlier. Analysts say the rise in its prices as a direct impact on growth of different crops across the country more... (BR)

Textiles torn apart by power cuts, fuel hike
Country's textile industry could collapse under the double blow of surging fuel prices and chronic power cuts, industry officials said on Thursday. Textiles accounts for about 70 per cent of country's exports and the sector contributed 8.5 per cent to gross domestic product in the first eight months of the 2007/08 fiscal year to February more... (FD)

(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