BasedLine
LOGO
  July 18, 2008 

Statistics
KSE 100 Index
Previous. Index
10,491.88
Current Index
10,212.92
Change %
(1.21)%
YTD ( CY' 08)
(27.45)%
YTD ( FY' 08)
(25.83)%

International Indicates
 
Close
Percentage
BSE-30
13,111.85
4.26%
HANGSENG
21,737.72
2.40%
NIKKEI 255
12,887.95
1.00%
FTSE
5,286.30
2.63%
DJI
11,446.66
1.85%
TSX
13,503.80
1.09%
KLSE
1,121.17
0.16%

S.C.R.A
16-07-2008
1.42
June
(92.92)
YTD
(92.92)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
14.01%
KIBOR ( 6 months)
14.21%
PIB (10 years)
14.50%

Exchange Rates
Rs/US
71.80
RS/UK
141.78
RS/EURO
112.22
RS/OMAN RIYAL
184.01

commodities
Oil
$130.13/barrel
Oil Change in %
0.65%
Gold
$957.6/ounce
Gold Change in %
(1.35)%

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)
10.83
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
163.83mn
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
51.02/-
50.51/-
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

Oil, edibles' import bills bulge by more than 50pc
Petroleum group import bill surged by 55.14 per cent to $11.38 billion during the last fiscal year (July-June 2007-08) as compared to $7.33 billion in the corresponding period of the previous year, revealed the data released by Federal Bureau of Statistics (FBS)more... (FD)

Rupee weak by 70 paisa versus USD
Rupee plunged by 70 paisa against dollar in kerb on Thursday on rising demand for US currency from importers, market sources said. Rupee closed at 72.30 a dollar, 142.25 against British pound more... (FD)

Furnace oil price shoots up by Rs 8000 per ton
Furnace oil price has increase by 15 percent to an all time high of Rs 60,500 per tonne in the domestic market due to soaring prices in the world market, dealers said. They said that with an increase of 15 percent the furnace oil has become the most expensive fuel after petrol, which stood at Rs 75.77 per litter more... (BR)

Trade policy today
Commerce Minister Ahmad Mukhtar is to unveil Trade Policy 2008-09 with export target of around $21 billion here today (Friday, July 18) after formal approval by the Cabinet which meets under the chairmanship of Prime Minister Yousaf Raza Gilani more... (BR)

Gilani says Nato attack out of question
Prime Minister Syed Yousuf Raza Gilani has played down media reports that the US-led Nato forces in Afghanistan are planning major operation in the country's tribal regions more... (FD)

Coalition will become history: lawyers: If restoration delayed...
Lawyers' representatives warned the ruling coalition on Thursday their government would become history if they continued dillydallying the restoration of the judges sacked under the Nov 3, 2007, Provisional Constitution Order (PCO) more... (D)

PPP hijacked, says Khar
Former Punjab governor and a PPP leader Malik Ghulam Mustafa Khar has said the will of Benazir Bhutto, nominating Asif Ali Zardari and his son Bilawal Bhutto as her successors, was fake and tailored after her death more... (D)

 
sector Briefing

International consortium to establish IT park in Islamabad: PSEB issues LoI
Pakistan Software Export Board (PSEB) has issued letter of intent (LoI) to international consortium of Telco Net, Axor Group Inc of Canada and Technopolis Plc of Finland for the establishment of first state-of-the-art National IT Park at Chak Shahazad more... (BR)

Agriculture credit disbursement soars to Rs 211.561 billion in fiscal year 2008
The disbursement of credit to the agriculture sector by commercial and specialised banks has surpassed the target of Rs 200 billion in fiscal year 2008. The disbursement of credit to the agriculture sector by the banks has risen 25.31 percent year-on-year to Rs 211.561 billion during fiscal year 2007-08 (FY08), surpassing the target of Rs 200 billion by a handsome margin more... (BR)

Traders hold SBP responsible for stock market crash
State Bank of Pakistan has contributed greatly in crushing Karachi Stock Exchange (KSE) by increasing the benchmark discount rates in order to control the headline inflation. This was expressed by the market analysts from various circles to 'The Financial Daily' after the chaotic situation that took place here at KSE 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