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  July 22, 2008 

Statistics
KSE 100 Index
Previous. Index
10,234.78
Current Index
10,374.30
Change %
0.74%
YTD ( CY' 08)
(26.31)%
YTD ( FY' 08)
(24.66)%

International Indicates
 
Close
Percentage
BSE-30
13850.04
1.57%
HANGSENG
22,532.90
3.00%
NIKKEI 255
12,803.70
0%
FTSE
5,404.30
0.52%
DJI
11,467.30
0.25%
TSX
13,515.96
0%
KLSE
1,103.48
(0.14)%

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)
14.09%
KIBOR ( 6 months)
14.34%
PIB (10 years)
14.65%

Exchange Rates
Rs/US
71.50
RS/UK
141.58
RS/EURO
112.57
RS/OMAN RIYAL
183.53

commodities
Oil
$130.64/barrel
Oil Change in %
(0.80)%
Gold
$967.8/ounce
Gold Change in %
1.07%

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)
$(14.01)bn
Remittances
$6.45bn
Foreign Investment
$5.19 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.10/-
50.59/-
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

Foreign investment declined by 38 percent in 2008
Net foreign investment declined by 38 percent during last fiscal year due to massive outflow of portfolio investment on account of political uncertainty and negative reports about country's economy during later part of the year. The State Bank of Pakistan (SBP) on Monday issued statistics of net foreign investment, including foreign direct investment (FDI) and portfolio investment, for the fiscal year 2007-08 more... (BR)

Current account deficit widens to $14 billion
The country's current account deficit has widened by 103 percent to some 8.75 percent of GDP and all time high level of 14 billion dollar during the fiscal year 2008 mainly due to the rising trade deficit on the back of high imports, besides slow foreign inflows more... (BR)

Islamabad shifts $4.1bn global trade to Delhi
Pakistan has diverted its global trade worth $4.132 billion towards India following inclusion of 438 new importable items in the positive list during the past 10 months, officials told Dawn on Monday more... (D)

 

Prime Minister announces special package for Fata
Prime Minister Syed Yousuf Raza Gilani on Monday declared that development outlay of tribal areas would be increased by 100 percent from next fiscal year to boost the ongoing development process in the hitherto neglected and remote parts more... (BR)

Strategy to combat militancy worked out: Zardari
PPP co-chairman Asif Zardari has said the government has worked out a strategy to combat militancy and terrorism in tribal areas more... (D)

PML-Q flexes its local muscles
A convention of local bodies councillors associated with the Pakistan Muslim League-Quaid (PML-Q) here on Monday resolved to expose what it called Punjab government's “political vendetta” against them more... (D)

 
sector Briefing

PIA Board reconstituted
The Ministry of Defence on Monday reconstituted the Board of Directors of PIA, with Defence Minister Ahmed Mukhar its ex-officio Chairman. The new Board comprises Defence Secretary Kamran Rasool, Secretary Finance Farrakh Qayyum and PIA MD Captain Aijaz Haroon ex-officio members more... (BR)

KESC, other entities divested through shady deals: Sherry
Federal Information Minister Sherry Rehman on Monday said the Karachi Electric Supply Corporation (KESC) and many other public sector entities have been divested through shady deals, which multiplied country's power crisis. She stated this while addressing the Rawalpindi-Islamabad Press Club members more... (BR)

Saudi Pak okays asset management company
The board of directors of Saudi Pak Industrial and Agricultural Investment Company has approved the setting up of “Saudi Pak Asset Management Company” with initial paid-up capital of Rs250 million more... (D)

DAP price may cross Rs5,000
The DAP fertiliser would be available at more than Rs5,000 per 50kg bag in a couple of months, said Manzoor Ahmed Khan Wattoo, the prime minister's adviser on Industries and Production more... (D)

(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