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  July 24, 2008 

Statistics
KSE 100 Index
Previous. Index
10,784.81
Current Index
11,018.50
Change %
2.17%
YTD ( CY' 08)
(21.73)%
YTD ( FY' 08)
(19.98)%

International Indicates
 
Close
Percentage
BSE-30
14,492.28
5.94%
HANGSENG
23,134.55
2.70%
NIKKEI 255
13,312.93
1.00%
FTSE
5,449.90
1.60%
DJI
11,632.38
0.26%
TSX
13,689.19
1.29%
KLSE
1,139.41
2.69%

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)
14.15%
KIBOR ( 6 months)
14.35%
PIB (10 years)
14.62%

Exchange Rates
Rs/US
71.75
RS/UK
142.13
RS/EURO
111.76
RS/OMAN RIYAL
184.29

commodities
Oil
$124.37/barrel
Oil Change in %
(3.00)%
Gold
$920.30/ounce
Gold Change in %
(2.90%

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
163.88mn
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
51.13/-
50.62/-
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

$13.2 million rise in 2007-08 FDI
Foreign direct investment (FDI) increased by a paltry 0.3 percent during last fiscal year (2007-08). As per State Bank of Pakistan statement, FDI stood at $5.153 billion at the end of fiscal year 2007-08 against $5.140 billion of 2006-07, depicting an increase of $13.2 million more... (BR)

CNG price issue simmering for months: ministry, Ogra pass the buck
Even after three weeks, the Ministry of Petroleum and Natural Resources (MP&NR) and the Oil and Gas Regulatory Authority (Ogra) are passing the buck to each other for taking action against CNG station owners for charging exorbitant rates compressed natural gas (CNG) from the consumers more... (BR)

Government to facilitate foreign investment in power sector: Raja
Water and Power Minister Raja Pervez Ashraf on Wednesday said the government will remove all bottlenecks to facilitate foreign investment in power sector. Talking to Japanese ambassador to Pakistan, Seiji Kojima, he said that Pakistan was facing great challenges, especially to power sector as the shortage of energy has badly affected the country's economy more... (BR)

 

Coalition parties prefer dialogue to operation
The ruling coalition, in a day-long critical meeting just a few days ahead of the Prime Minister's itinerary to the US, on Wednesday agreed to pursue a political discourse rather than operation to improve law and order in tribal areas, Swat and NWFP more... (BR)

NAB initiates probe into two scams
National Accountability Bureau has initiated inquiry into two scams pertaining to defrauding Standard Charted Bank and National Bank of Pakistan (NBP) through fake cheques worth Rs 9.996 million and 33 fake export bills amounting to Rs 195.216 million against bogus LCs respectively more... (BR)

Assef suggests a ‘workable coalition'
Pakistan People's Party leader Sardar Assef Ahmed Ali has said the PPP and the PML-N should part ways to allow a new workable coalition to run the government smoothly more... (D)

 
sector Briefing

SBP schedules Barclays Bank
State Bank of Pakistan (SBP) in exercise of powers conferred on it by clause (a) of Sub-Section (2) of Section 37 of SBP Act, 1956, has declared "Barclays Bank Plc." as a scheduled Bank with effect from July 23, 2008, according to a notification issued here on Wednesday more... (FD)

Yousaf sent home; Ahmed Waqar new FBR chief
The government has terminated the contract of Chairman Federal Board of Revenue (FBR) M Abdullah Yousaf on Wednesday whereas Secretary Board of Investment (BOI) Ahmed Waqar has been appointed as new Chairman FBR more... (FD)

Protests at PTCL headquarters today
Pakistan Telecommunication Employees Union (PTEU) CBA president Ziauddin has said that the union has asked PTCL workers from Punjab and the NWFP to assemble outside the company headquarters more... (D)

(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