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  July 08, 2008 

Statistics
KSE 100 Index
Previous. Index
11,961.66
Current Index
11,878.66
Change %
(0.69)%
YTD ( CY' 08)
(15.61)%
YTD ( FY' 08)
(13.73)%

International Indicates
 
Close
Percentage
BSE-30
13,525.99
0.54%
HANGSENG
21,913.06
2.28%
NIKKEI 255
13,360.04
0.92%
FTSE
5,512.70
1.85%
DJI
11,231.96
(0.50)%
TSX
14,010.39
(0.94)%
KLSE
1,127.26
(0.60)%

S.C.R.A
07-07-2008
1.40
July
(10.89)
YTD
(10.89)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.68%
KIBOR ( 6 months)
14.07%
PIB (10 years)
13.39%

Exchange Rates
Rs/US
71.07
RS/UK
140.38
RS/EURO
111.35
RS/OMAN RIYAL
185.16

commodities
Oil
$141.80/barrel
Oil Change in %
(1.35)%
Gold
$928.20/ounce
Gold Change in %
(0.02)%

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
163.74mn
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

Rupee at new low vs $; further plunge seen
Rupee weakened 1.24 per cent to a record low of 71.00/05 to the dollar on Monday due to a bleak economic outlook, and dealers said the currency was expected to weaken further. Dealers said trade was seen at levels of 71 rupees against dollar. The rupee had closed at 70.13/18 versus dollar on Saturday and has shed 4 per cent since the start of the month more... (FD)

Textile mills may join July 11 shutdown
All Pakistan Textile Mills Association (Aptma) may also close down their factories from July 11 to join the protest against the exorbitant increase of 68 per cent in the gas prices for industry more... (D)

Bio-diesel research begins in Pakistan
The Pakistan State Oil (PSO) has initiated research and development work on its bio-diesel project to meet government’s deadline of blending five per cent bio-diesel with conventional diesel by 2015 and 10 per cent by 2025 more... (D)

Series of blasts terrorises, mystifies Karachi
Terror struck the city six times within an hour on Monday as unknown terrorists triggered a series of blasts that wounded over 50 people, including children and policemen more... (D)

Terror menace must be eradicated: PM
Prime Minister Yousuf Raza Gilani has called upon the nation to maintain calm in the current situation of distress and foil the nefarious designs of terrorists who are out to destabilise the democratic government more... (D)

Zardari, Nawaz to meet in London
Pakistan People’s Party co-chairman Asif Zardari is expected to leave Dubai for London in a couple of days to meet PML-N chief Nawaz Sharif for what political analysts more... (D)

 
sector Briefing

Overseas insurance companies: premiums liable to five percent WHT
The insurance and reinsurance premium paid to overseas insurance companies would be liable to 5 percent withholding tax at the time of remittance of such payments abroad. Despite uniform withholding tax rate of 2 percent, the imports of gold, mobile telephone sets and silver would be liable to 1 percent withholding tax of the import value under clause (13G) of Part II of the Second Schedule of Income Tax Ordinance 2001 more... (BR)

Meezan Islamic Fund announces dividend
The Board of Directors of Al Meezan Investments in its meeting held on July 7, 2008 announced distribution of dividends for its open end funds ie Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF) for the year ended June 30, 2008 more... (BR)

Seven TFCs issued in FY08
A total of seven Term Finance Certificates (TFCs) were offered by the listed companies during the financial year ended June 30, 2008 to raise Rs5.57 more... (D)

(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