BasedLine
LOGO
  July 16, 2008 

Statistics
KSE 100 Index
Previous. Index
11,177.31
Current Index
10,959.87
Change %
(1.95)%
YTD ( CY' 08)
(22.14)%
YTD ( FY' 08)
(20.40)%

International Indicates
 
Close
Percentage
BSE-30
12,575.80
(0.79)%
HANGSENG
21,223.50
0.23%
NIKKEI 255
12,760.80
0.05%
FTSE
5,150.60
(0.40)%
DJI
11,239.28
2.52%
TSX
13,709.10
0.23%
KLSE
1,127.60
(0.7)%

S.C.R.A
15-07-2008
(14.08)
June
(46.88)
YTD
(46.88)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.92%
KIBOR ( 6 months)
14.15%
PIB (10 years)
14.42%

Exchange Rates
Rs/US
70.40
RS/UK
139.44
RS/EURO
110.64
RS/OMAN RIYAL
180.68

commodities
Oil
$134.83/barrel
Oil Change in %
(2.80)%
Gold
$964.80/ounce
Gold Change in %
(0.10)%

Inflation
CPI (YOY)
19.3%
CPI (July-Apr)
11.1%
CORE INFTN (YOY)
12.3%
CORE INFTN (July-Apr)
7.9%

Economic Indicators
$US Reserves (Billion)
11.12
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
163.82mn
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
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
50.99/-
50.48/-
Return YTD
N/A
 
NAV
POAF
N/A
Retun YTD
N/A

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

Economy

World Bank approves $500 million emergency package
The World Bank has approved a $500 million emergency package for Pakistan to help it overcome economic crisis, it is learnt. The Bank mission conveyed the decision of accepting Pakistan's request for disbursement of $500 million emergency package during a meeting with Finance Minister Syed Naveed Qamar, held here on July 14 more... (BR)

Oil falls over $9
Oil dropped more than $9 on Tuesday, the largest drop in dollar terms in 17 years, as growing concern about the economic health of top energy consumer the United States stirred demand worries. US Federal Reserve Chairman Ben Bernanke said financial markets were under "considerable stress", adding to concerns about the strain of the weak housing market and high energy and food prices on the US economy more... (BR)

ECC forms body to overcome wheat shortage: tax-free mineral oil import allowed
The Economic Co-ordination Committee (ECC) of the Cabinet, which met here on Tuesday with Prime Minister Yousuf Raza Gilani in the chair, allowed import of mineral oil without any charge of customs duty and sales tax. However, the Federal Board of Revenue (FBR) and Ministry of Agriculture (Minfal) will work out modalities vis-à-vis the use of imported material more... (BR)

Zardari should keep his word, says Sharif
Pakistan Muslim League-N Chief, Mian Nawaz Sharif said his party wants judges' restoration, independence of judiciary; end to military's intervention in Pakistan politics and empower the Parliament more... (FD)

Disqualification: PML-N may surrender Punjab
The PML-N may surrender the Punjab government in case party leaders Mian Nawaz Sharif and his younger brother and province’s chief minister Mian Shahbaz Sharif are disqualified by the Lahore High Court presently hearing cases against them more... (D)

MNAs seek reduction in President House expenses
A majority of lawmakers in the National Assembly on Thursday opposed the increase sought by the government in the President House’s expenditure and said the rise was incomprehensible more... (D)

 
sector Briefing

Abad demands ban on export of cement
Former Chairman, Association of Builders and Developers (ABAD) Haifz-ur-Rehman Butt, has urged the government to ban export of cement. Speaking at a press conference at ABAD House on Tuesday, he also demanded import of cement more... (BR)

Industrialists, textile exporters end strike
Industrialists and textile exporters from Faisalabad ended their strike after meeting with Prime Minister Syed Yousuf Raza Gilani in Lahore on Tuesday while second round of talks between industrialists and the government would be held on July 17 at Islamabad to finalise the relief package for Textile Industry more... (BR)

12 investors bid for power projects
Twelve local and foreign investors have submitted their bids for establishing power projects to generate 1,500 MW. This was stated by Ministry of Water and Power the Secretary Muhammad Ismail Qureshi at a bidding ceremony held at the Private Power and Infrastructure Board (PPIB) here on Tuesday more... (BR)

(D): Dawn (BR): Business Recorder
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