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  July 07, 2008 

Statistics
KSE 100 Index
Previous. Index
12,035.21
Current Index
11,961.66
Change %
(0.61)%
YTD ( CY' 08)
(15.02)%
YTD ( FY' 08)
(13.13)%

International Indicates
 
Close
Percentage
BSE-30
13,454.00
2.75%
HANGSENG
21,423.82
0.85%
NIKKEI 255
13,237.89
(0.21)%
FTSE
5,412.80
(1.16)%
DJI
11,288.54
0.65%
TSX
14,010.39
(0.94)%
KLSE
1,134.14
(1.69)%

S.C.R.A
04-07-2008
2.00
July
(10.89)
YTD
(10.89)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.58%
KIBOR ( 6 months)
14.05%
PIB (10 years)
13.36%

Exchange Rates
Rs/US
69.80
RS/UK
138.40
RS/EURO
109.68
RS/OMAN RIYAL
181.86

commodities
Oil
$143.74/barrel
Oil Change in %
(1.09)%
Gold
$928.40/ounce
Gold Change in %
(0.81)%

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

THE RUPEE: dollar crosses Rs 70 mark
Economic and political uncertainty and soaring prices of oil in the world market pushed up the demand for dollars, as a result of which the American currency breached the barrier of Rs 70 in both interbank and open markets last week ended on July 5, 2008. Importers' demand for dollars was up and they indulged in forward buying of dollars to meet their payment requirement more... (BR)

Industrial sector goes on strike from July 11
The Southern Punjab industrial sector has indicated to hold strikes from July 11 on the call of central association after the announcement of the industries to hold strikes if their demands were not fulfilled more... (BR)

Railway needs Rs 137 million to resume defunct communication
The Divisional Superintendent of Railway Karachi, Mir Muhammad Khaskheli has said that the railway needs Rs137 million to resume the train communication lying defunct for the last 10 years. He informed Business Recorder on Sunday that the railway is a national department and the people of Badin stands together with the department to develop it further more... (BR)

Attempt to Talibanise Karachi will be resisted, vows Altaf
Muttahida Qaumi Movement chief Altaf Hussain has said that the people of Sindh, particularly those living in Karachi, will never allow Taliban to occupy their province or the more... (D)

PPP serves ‘N’ with deadline to return to Cabinet
PPP has given deadline to PML-N to revert to Federal Cabinet by the end of July. Well placed sources told Online on Sunday that Asif Ali Zardari would meet Mian Nawaz Sharif in connection with PML-N rejoining federal cabinet. Zardari is also in contact with MQM as alternate option more... (FD)

Musharraf must be tried for Lal Masjid massacre: Clerics at Lal Masjid conference remember the victims
Religious leaders have said President Pervez Musharraf is responsible for Lal Masjid carnage and he should be removed from his office and be put to trial under the charges of massacring innocent students of Lal Masjid more... (FD)

 
sector Briefing

Ministry seeks ECC nod to shut down 19 PSO depots
In order to meet the World Bank's demand, the Ministry of Petroleum and Natural Resources (MP&NR) has sought the permission of the Economic Co-ordination Committee (ECC) to close down 19 depots of the Pakistan State Oil (PSO) probably for reducing its operational expenses more... (BR)

Five percent FED applicable on franchise
An amendment in Federal Excise Act 2005 has made it mandatory, from July 1, 2008, for car assemblers and beverage manufacturers using foreign brand names to pay 5 percent federal excise duty (FED) on payment of 'technical fee/royalty' to their principal companies aboard more... (BR)

Foreigners divest $10.89mn in bourses: Ghulam Raza Rajani
A fresh foreign capital flight of portfolio investment in equity markets was witnessed on the beginning of fiscal year 2008-09 by 10.89 million dollars on the country's downtrodden economic and political situation 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