BasedLine
LOGO
  July 29, 2008 

Statistics
KSE 100 Index
Previous. Index
11,032.17
Current Index
10,578.49
Change %
(4.11)%
YTD ( CY' 08)
(24.85)%
YTD ( FY' 08)
(23.18)%

International Indicates
 
Close
Percentage
BSE-30
14,349.11
0.52%
HANGSENG
22,687.21
(0.24)%
NIKKEI 255
13,353.78
0.14%
FTSE
5,312.60
(0.75)%
DJI
11,131.08
(2.11)%
TSX
13,378.81
0.00%
KLSE
1,154.09
1.08%

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)
14.03%
KIBOR ( 6 months)
14.24%
PIB (10 years)
14.52%

Exchange Rates
Rs/US
71.10
RS/UK
142.09
RS/EURO
112.30
RS/OMAN RIYAL
185.43

commodities
Oil
$125.38/barrel
Oil Change in %
1.28%
Gold
$942.30/ounce
Gold Change in %
0.30%

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
163.92mn
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
51.19/-
50.68/-
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

Govt to cut POL prices in two days: Qamar
Economic Coordination Council (ECC) will decide in next 2 days to bring down petroleum and CNG prices and issue directives to end windfall profits currently enjoyed by the stakeholders more... (FD)

Plan to scrap customs duty on petroleum products imports
Finance Minister Syed Naveed Qamar said on Monday the government would scrap the customs duty on imports of petroleum products to reduce prices of petrol and diesel more... ( D)

THE RUPEE: weak sentiment
Rising demand by the importers, forced the rupee to commenced the week on a negative note on the interbank market on Monday, falling two paisa against dollar for buying at 71.20 and it also shed three paisa for selling at 71.25, dealers said. It was the high demand for dollars by the importers, which did not allow the rupee to look ahead, they said more... (BR)

 

APDM discusses plan to launch movement
The heads of the parties in the All Parties Democratic Movement (APDM) on Monday endorsed a proposal of its steering committee to launch a ‘gradual but comprehensive movement' more... (D)

KARACHI: ‘Iftikhar to receive historic reception'
The police have assured the bar representatives of adequate security measures, including the provision of a bullet-proof car, for the deposed chief justice on his arrival here at 11.30am more... ( D)

ISI notification a bid to weaken army: Pervaiz
Opposition leader in the National Assembly Chaudhry Pervaiz Elahi on Monday welcomed the “foiling of conspiracy to shift control of Inter-Services Intelligence (ISI) to the Interior Division.” more... (D)

 
sector Briefing

PTCL losing fixed line subscribers
Pakistan Telecommunication Company Limited (PTCL) has been losing its fixed line subscribers whose number declined from 4.597 million in December 2007 to 4.405 million in March 2008, according to Pakistan Telecommunication Authority (PTA) more... (BR)

Pepco seeks 21 percent tariff raise
The Pakistan Electric Power Company (Pepco) has sought 21 percent increase in tariff, advance payment of subsidy earmarked in the budget, and implementation on monthly fuel adjustment formula to resolve the persisting financial woes more... (BR)

(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