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  July 21, 2008 

Statistics
KSE 100 Index
Previous. Index
10,212.92
Current Index
10,234.78
Change %
(0.21)%
YTD ( CY' 08)
(27.29)%
YTD ( FY' 08)
(25.67)%

International Indicates
 
Close
Percentage
BSE-30
13,635.40
3.99%
HANGSENG
21,874.19
0.64%
NIKKEI 255
11,496.57
(0.65)%
FTSE
5,376.40
1.70%
DJI
11,496.57
0.44%
TSX
13,515.96
0.41%
KLSE
1,105.04
(1.44)%

S.C.R.A
17-07-2008
(17.89)
June
(110.81)
YTD
(110.81)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
14.13%
KIBOR ( 6 months)
14.31%
PIB (10 years)
14.82%

Exchange Rates
Rs/US
71.00
RS/UK
139.98
RS/EURO
111.27
RS/OMAN RIYAL
182.10

commodities
Oil
$129.60/barrel
Oil Change in %
(0.40)%
Gold
$957.6/ounce
Gold Change in %
0.21%

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
163.84mn
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
51.06/-
50.56/-
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

Petrol price increased by Rs 10.97, diesel by Rs 9.49
The government on Sunday revised upward oil prices. The new prices will be effective from July 21 (Monday). The price of petrol has been increased by Rs 10.97 per litre, increasing it to Rs 86.66 and diesel by Rs 9.49 per litre increasing it to Rs 64.63 and kerosene by Rs 8.20 increasing it to Rs 58.37 more... (BR)

CNG stations fleece consumers by Rs 4.75 billion in 20 days
The CNG station owners here have fleeced the consumers by Rs 4.75 billion since July 1, 2008, as the whole industry is in the state of disorder more... (BR)

THE RUPEE: weak sentiment
The rupee managed to resist sharp losses against dollar during the week ended on July 19, 2008. In the interbank market, the rupee lost 90 paisa against dollar for buying at 69.60 and 95 paisa for selling at 70.60. It followed same print and shed 35 paisa in terms of euro for buying and selling at Rs 111.30 and Rs 111.50 more... (BR)

Early estimates promise 15pc growth in exports
On the basis of fresh measures announced in new trade policy to improve competitiveness and quality of products aimed at increasing the share of the products of small and medium enterprises in total exports, the Ministry of Commerce has projected a 15 per cent growth in export proceeds for the year 2008-09 mostly to be generated from traditional and conventional products in a bid to diversify the exports base more... (FD)

Ex-minister Nilofar gets death threats
Former federal tourism minister Nilofar Bakhtiar said on Sunday she had received threats of “dire consequences” if she failed “to immediately leave the country along with her family” and sought protection for herself and her family more... (D)

Musharraf fears more tears if terror thrives
President Pervez Musharraf has underlined the need of collective efforts to tackle threat of extremism and terrorism otherwise it would cause further damage to country's security.
In an informal talk with Chief of the Army Staff Gen Ashfaq Pervez Kayani here in Bhurban Golf Club on Sunday, the President added that the security forces are taking action to flush out terrorists and extremists from Federally Administrated Tribal Areas (FATA), sources said more... (FD)

Shahbaz praises Gilani's statement on deposed judges
Pakis-tan Muslim League-N president Mian Shahbaz Sharif has welcomed the Prime Minister's statement about reinstatement of the deposed judges more... (D)

 
sector Briefing

Prohibitive investment cost in Karachi
THE total foreign direct investment during 2006--07 was estimated at aro-und $8.4 billion. Of this total, Sindh got something like $2.32 billion or 27 per cent, the Sindh Industries Minister, Mr Rauf Siddi-qui estimated recently more... (D)

Fertiliser firms cutting gas use to maintain margins
Per tonne gas consumption of fertiliser manufacturers has declined in last five years which has enabled the manufacturers to maintain their margins, The Financial Daily has learnt more... (FD)

SBP says $110mn gone, NCCPL $37.21mn
Equity markets in Pakistan witnessed $110.80 million cumulative net outflow of portfolio investment in the month of July, according to the latest State Bank of Pakistan (SBP) update on17th July. On the other hand, National Clearing Company of Pakistan Limited (NCCPL) showed net outflow during the same period stood at $ 37.21 million. There is a considerable variation between the foreign portfolio investment statistics of the two sources more... (FD)

(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