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  July 23, 2008 

Statistics
KSE 100 Index
Previous. Index
10,374.30
Current Index
10,784.81
Change %
3.96%
YTD ( CY' 08)
(23.39)%
YTD ( FY' 08)
(21.68)%

International Indicates
 
Close
Percentage
BSE-30
14,104.20
1.84%
HANGSENG
22,527.48
(0.05)%
NIKKEI 255
13,184.96
3.00%
FTSE
5,364.10
(0.74)%
DJI
11,602.50
1.18%
TSX
13,515.96
0%
KLSE
1,109.57
0.55%

S.C.R.A
21-07-2008
(3.88)
June
(122.20)
YTD
(122.20)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
14.14%
KIBOR ( 6 months)
14.36%
PIB (10 years)
14.63%

Exchange Rates
Rs/US
71.50
RS/UK
141.14
RS/EURO
111.79
RS/OMAN RIYAL
184.00

commodities
Oil
$128.14/barrel
Oil Change in %
(1.91)%
Gold
$947.8/ounce
Gold Change in %
2.07%

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
163.87mn
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
51.12/-
50.60/-
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

Committee constituted to seek oil shock absorbers
Prime Minister Syed Yousuf Raza Gilani has constituted a technical committee to chalk out a comprehensive strategy to reduce the domestic impact of soaring international oil prices in order to give relief to the common man more... (FD)

CNG outlets fleecing consumers
CNG stations across the district are overcharging consumers without any fear of action from the district administration more... (D)

OMCs', dealers' profit/margin capped at July 1 level
The government has capped profit/margin of oil marketing companies (OMCs) and dealers on oil sale at July 1, 2008 level, and constituted a committee to work out some methodology to give relief to the consumers. Acting Secretary, Petroleum, G A Sabri, announced government decision of capping OMCs' and dealers' profit/margin here at a press conference more... (BR)

 

Musharraf advocates ‘one anti-terror strategy'
President Pervez Musharraf on Tuesday described terrorism an extremely complex issue and said the neighboring countries require to work out a common strategy to deal with the problem more... (FD)

Asif's chief security officer gunned down in Karachi
Khalid Shahanshah, the chief security officer of PPP co-chairperson Asif Ali Zardari, was assassinated on Tuesday afternoon outside his Clifton residence, police and witnesses said more... (D)

PML-Q leaders call it a ‘government in exile'
The Pakistan Muslim League-Q has accused the government of ignoring parliament and said that all important decisions are being taken by PPP chief Asif Ali Zardari in Dubai more... (D)

 
sector Briefing

PQA proposal for channel deepening rejected
The government has rejected a proposal submitted by the Port Qasim Authority (PQA), seeking deepening and widening of navigation channel from 11 metres depth to 14 meters more... (BR)

Oil firms' margin, dealers' commission capped
The government has frozen the margin of oil marketing companies (OMCs) and commission of dealers for the time being to pacify the public outcry against the unprecedented surge in prices of petroleum products more... (D)

NIT to take care of market support fund
Pakistan will launch later this week an equity market stabilisation fund managed by the National Investment Trust, finance minister Naveed Qamar said on Tuesday more... (FD)

(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