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  July 09, 2008 

Statistics
KSE 100 Index
Previous. Index
11,878.66
Current Index
11,813.24
Change %
(0.55)%
YTD ( CY' 08)
(16.08)%
YTD ( FY' 08)
(14.21)%

International Indicates
 
Close
Percentage
BSE-30
13,349.65
(1.30)%
HANGSENG
21,220.81
(3.20)%
NIKKEI 255
13,033.10
(2.50)%
FTSE
5,440.50
(1.31)%
DJI
11,384.21
1.36%
TSX
14,010.39
(0.94)%
KLSE
1,121.25
(0.53)%

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)
13.82%
KIBOR ( 6 months)
14.08%
PIB (10 years)
13.53%

Exchange Rates
Rs/US
72.00
RS/UK
140.46
RS/EURO
111.70
RS/OMAN RIYAL
185.14

commodities
Oil
$136.44/barrel
Oil Change in %
(3.78)%
Gold
$920.90/ounce
Gold Change in %
(0.78)%

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

State Bank acts to save rupee: Sweeping changes in foreign exchange regulations
The State Bank made sweeping changes in foreign exchange regulations to protect the rupee against US dollar by suspending forward cover facility against imports and reducing advance payment against imports to 25 per cent from 50 per cent more... (D)

Meeting to check rupee fall today: Dollar rises to Rs73.90
A meeting has been called on Wednesday at the State Bank of Pakistan to discuss ways to arrest the free fall of rupee against the dollar, which once again forced the former to shed 2.6 more... (D)

SBP takes measures to arrest rupee slide: central bank to make 100 percent oil payments
The State Bank on Tuesday took tight measures to safeguard Pak rupee from further decline against US dollar. In line with the measures, the State Bank of Pakistan will now make 100 percent oil payments, and has suspended afternoon session for all types of foreign exchange transactions by authorised dealers with their customers and in the interbank market more... (BR)

Businessmen assured of cut in gas tariff
The federal government has given a signal to the business community for reduction in the gas tariff, however the final decision would be taken by the Ministerial Committee meeting on Thursday more... (BR)

Gilani seeks help to defeat militancy
Prime Minister Syed Yousuf Raza Gilani has said Pakistan is working for world peace and stability by playing the role of a frontline state in the war against terrorism and extremism more... (D)

Zardari calls PM, senior PPP leaders to Dubai
Pakistan People’s Party co-chairman Asif Ali Zardari has called senior party members, including Prime Minister Syed Yousuf Raza Gilani, to Dubai for consultation on important national issues and party matters, sources told Dawn on Tuesday more... (D)

APDM to discuss plan of action today
The central committee of the All Parties Democratic Movement is meeting here on Wednesday to set the agenda for talks among the heads of various parties and to work out a plan for action more... (D)

 
sector Briefing

SECP, KSE to re-examine lower locks on 11th
The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) would meet on Friday (July 11) to “assess the impact of various market stabilisation more... (D)

SECP and KSE to set up Rs 50 billion market support fund
The Securities and Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange (KSE) board meeting held here on Tuesday ended with a note to form a market support fund worth Rs 50 billion with the help of the institutions more... (BR)

Dividends announced
The board of directors of Pak Oman Asset Management Company Limited in its meeting held on Monday approved the distribution of a cash dividend of Rs3.0957 more... (D)

MGCL gains interest in MOL owned blocks
Mari Gas Company Limited (MGCL) has signed a farm-out agreement with MOL Hungarian Oil and Gas Plc (MOL) here on Tuesday to acquire 25 per cent interest from its 100 per cent owned and operated Block 43B in Oman 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