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  July 10, 2008 

Statistics
KSE 100 Index
Previous. Index
11,813.24
Current Index
11,796.47
Change %
(0.14)%
YTD ( CY' 08)
(16.20)%
YTD ( FY' 08)
(14.33)%

International Indicates
 
Close
Percentage
BSE-30
13,964.26
4.60%
HANGSENG
21,805.81
2.80%
NIKKEI 255
13,284.65
0.20%
FTSE
5,529.60
1.60%
DJI
11,147.44
(2.08)%
TSX
14,010.39
(0.94)%
KLSE
1,139.81
1.65%

S.C.R.A
08-07-2008
(1.84)
July
(26.61)
YTD
(26.61)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.90%
KIBOR ( 6 months)
14.13%
PIB (10 years)
13.53%

Exchange Rates
Rs/US
70.50
RS/UK
137.92
RS/EURO
109.41
RS/OMAN RIYAL
180.67

commodities
Oil
$136.63/barrel
Oil Change in %
(0.14)%
Gold
$931.60/ounce
Gold Change in %
(1.16)%

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
$(20.74)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
50.93/-
50.42/-
Return YTD
 
NAV
POAF
11.17
Retun YTD
10.83%

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

Economy

Mounting trade deficit touches $20.7 billion
With imports not keeping pace with export growth, the country’s trade deficit ballooned to an unprecedented $20.745 billion during the outgoing fiscal year (2007-08) — up by 52.95 more... (D)

Rupee bounces back against dollar
The falling rupee bounced back on Wednesday as it gained 3.2 per cent against the US dollar which was the direct outcome of a series of measures taken by the State Bank of Pakistan on Tuesday more... (D)

ADB seen inking $810 million loan to Pakistan
The Asian Development Bank has negotiated a credit facility of $810 million dollars with Pakistan for power projects, and the inflows are expected to begin in September, an official said on Wednesday more... (BR)

Pakistan could tighten more to fight inflation
Pakistan is ready to tighten monetary policy further to fight inflation, a senior finance official said on Wednesday, stressing the authorities' commitment to getting inflation down from a three-decade high above 19 percent more... (BR)

Gilani says no differences among coalition partners
Prime Minister Syed Yousuf Raza Gilani said on Wednesday that the government was taking all its partners along and there were no differences within the ruling alliance more... (BR)

Parliament will decide Musharraf’s fate: PM
Prime Minister Syed Yousuf Raza Gilani has said that Parliament will decide the future of President Musharraf's rule. He was talking to media in a press conference before leaving for Dubai from Kuala Lumpur on Wednesday more... (FD)

APDM to launch movement
The All Parties Democratic Movement (APDM) has decided to launch a protest movement to pressurise the government to fulfil its promises of reinstating the deposed judges and initiating impeachment proceedings against President Pervez Musharraf more... (D)

 
sector Briefing

Banks oppose intervention by CCP
Bankers told Finance Minister Naveed Qamar on Wednesday that they didn’t want intervention by the Competition Commission of Pakistan in banking affairs more... (D)

Textile industry may get Rs4bn relief
The government has decided in principle to provide Rs4 billion relief to the textile industry through reduction in recently announced gas price increase for industrial and captive power plants, it is learnt more... (D)

Private sector facilitated to export bulk cement
The Karachi Port Trust, as part of its landlord port strategy, has facilitated the private sector to export bulk cement more... (D)

Meezan Bank joins IFC system
The International Finance Corporation (IFC), a member of the World Bank Group, on Wednesday announced that Meezan Bank Limited has become the first Islamic bank in Pakistan to 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