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  July 11, 2008 

Statistics
KSE 100 Index
Previous. Index
11,796.47
Current Index
11,773.12
Change %
(0.19)%
YTD ( CY' 08)
(16.36)%
YTD ( FY' 08)
(14.50)%

International Indicates
 
Close
Percentage
BSE-30
13,924.24
(0.27)%
HANGSENG
21,821.78
0.07%
NIKKEI 255
13,067.21
0.12%
FTSE
5,406.80
(1.60)%
DJI
11,229.02
0.73%
TSX
14,010.39
(0.94)%
KLSE
1,135.49
(0.38)%

S.C.R.A
09-07-2008
(0.84)
July
(27.45)
YTD
(27.45)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.47%
KIBOR ( 3 months)
13.91%
KIBOR ( 6 months)
14.11%
PIB (10 years)
13.60%

Exchange Rates
Rs/US
71.25
RS/UK
140.90
RS/EURO
112.13
RS/OMAN RIYAL
185.56

commodities
Oil
$141.78/barrel
Oil Change in %
3.91%
Gold
$943.80/ounce
Gold Change in %
2.48%

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
50.92/-
50.41/-
Return YTD
N/A
 
NAV
POAF
11.17
Retun YTD
10.83%

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

Economy

Pakistan seeks UAE help to overcome energy crisis
Pakistan has sought assistance from the United Arab Emirates (UAE) to overcome ongoing energy crisis in the country and for the development of airline industry. Prime Minister Syed Yusuf Raza Gilani, who called on the UAE's Vice-President and Prime Minister Sheikh Mohammad bin Rashid Al-Maktoum here on Wednesday night, asked him for co-operation in various fields of infrastructure development more... (BR)

Pakistan's Foreign exchange reserves down over $4 billion in fiscal year 2008
The country's foreign reserves have shown a sharp decline of over four billion dollars during the last fiscal year due to the rising imports and current account deficit. At the beginning of the last fiscal year, the country's foreign reserves were sufficient for six months, while at present they have been enough for less than four months more... (BR)

Treasury bills
The State Bank of Pakistan sold Rs12.7 billion of Treasury bills on Thursday under four-day repo contracts at 9.95 per cent to mop up liquidity from the money market more... (D)

Strategy to raise exports to $40-45bn
The government requires $65 billion investment in the manufacturing sector to double its declining exports more... (D)

Govt enjoys support of coalition partners: Gilani
Prime Minister Yousuf Raza Gilani said on Thursday that Pakistan would not support any move likely to increase the temperature in hotspots of the world because that could lead to destabilisation in the region more... (D)

PML-N leader says support for coalition to continue
The president of the Balochistan chapter of the PML-N, Sardar Yaqoob Khan, said on Thursday that despite differences with the PPP on reinstatement of the deposed judges and more... (D)

Notice issued to former PM
Additional Sessions Judge Islamabad issued notices on Thursday to former prime minister Shaukat Aziz and some officials of the finance ministry and the Federal Investigation Agency for allegedly more... (D)

 
sector Briefing

OGDC plans aggressive exploration
A Senate body was informed on Thursday that the Oil and Gas Development Company Limited (OGDCL) has chalked out an aggressive oil and gas exploration programme to meet the growing energy demands of the country more... (D)

Credit Swiss comes to Pakistan
Credit Suisse Group, Switzerland’s second-biggest bank, has announced to start equity research business in Pakistan. The group has planned to introduce broking services next year to benefit from more... (D)

HBL funds declare payouts
The board of directors of HBL Asset Management Limited has declared final dividends for its three funds for the year ended June 30, 2008, says a press release more... (D)

SECP, KSE hold talks with institutions: Equity Market Opportunity Fund
The Securities and Exchange Commission of Pakistan and the Karachi Stock Exchange held a meeting with institutional investors to discuss the concept of an ‘Equity Market Opportunity Fund’ 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