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  July 28, 2008 

Statistics
KSE 100 Index
Previous. Index
11,156.68
Current Index
11,032.17
Change %
(1.12)%
YTD ( CY' 08)
(21.63)%
YTD ( FY' 08)
(19.88)%

International Indicates
 
Close
Percentage
BSE-30
14,274.94
(3.40)%
HANGSENG
22,740.71
(1.50)%
NIKKEI 255
13,334.76
(1.97)%
FTSE
5,352.60
(0.18)%
DJI
11,370.69
0.19%
TSX
13,378.81
1.31%
KLSE
1,141.75
0.01%

S.C.R.A
21-07-2008
3.21
July
(133.76)
YTD
(133.76)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
14.02%
KIBOR ( 6 months)
14.24%
PIB (10 years)
14.42%

Exchange Rates
Rs/US
71.50
RS/UK
141.78
RS/EURO
111.88
RS/OMAN RIYAL
184.96

commodities
Oil
$123.80/barrel
Oil Change in %
(1.27)%
Gold
$939.50/ounce
Gold Change in %
1.10%

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)
10.73
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
163.90mn
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
51.16/-
50.65/-
Return YTD
10.23%
 
NAV
POAF
11.21
Retun YTD
10.76%

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-

Economy

Let rupee weaken on kerb for causes celebres:
Industrialists, traders and stock market brokers being the traditional borrowers from the banking system are once again on tenterhooks or very anxious and excited waiting for further monetary tightening that the State Bank of Pakistan will be announcing tomorrow (Tuesday) more... (BR)

SBP for 'draconian steps' to put economy back on track
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has urged the federal government to take 'draconian measures' to bring the country's derailed economy back on track, including withdrawal of subsidy on POL prices more... (BR)

Oil price continues falling
The electricity tariff is likely to be increased early next month by 12 to 15 per cent for Wapda's distribution companies and by three per cent for the Karachi Electric Supply Company (KESC) more... (D)

Reduction in oil firms' margins under study
The government is considering a proposal to reduce the deemed duty, dealer commission and oil companies' margin on all petroleum products by 25 to 50 per cent from the existing level and then freeze them more... (D)

 

Gilani in US, meets Bush today
Prime Minister Yousuf Raza Gilani arrived in Washington on Sunday on a three-day visit to the US capital as Pakistan's first elected prime minister after eight years of military ruler more... (D)

PPP not serious on judges issue: Qazi
Jamaat-i-Islami Amir Qazi Hussain Ahmed has said the Pakistan People's Party (PPP) was not serious in reinstatement of judges and was trying to create differences among them more... ( D)

Govt forced to withdraw ISI decision
There were red faces all around when the government reversed its decision to place the Inter Services Intelligence (ISI) under the direct control of the interior division more... (D)

 
sector Briefing

PIA, CAA lock horns over board issue
Pakistan International Airlines and Civil Aviation Authority are involved in a war of words over their representation on each other's board, taking their already strained relations to new lows more... (D)

Bank of Punjab scam: Gilani not happy with State Bank
Prime Minister Syed Yousaf Raza Gilani criticised the State Bank of Pakistan (SBP) for its failure to take timely measures to avert the financial scam in the Bank of Punjab (BoP) more... (BR)

Alico AIG Life American Life Insurance Company (Pakistan) Limited
Alico AIG Life has issued Weekly Unit Prices more... ( BR)

Talks between PTCL management, protesting workers fail
After the last rounds of negotiations between PTCL management and its employees failed on Sunday, the United Workers Alliance gave an ultimatum to the company to accept their demands or else they would jam the system 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