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  August 01, 2008 

Statistics
KSE 100 Index
Previous. Index
10,853.02
Current Index
10,583.58
Change %
(2.48)%
YTD ( CY' 08)
(24.82)%
YTD ( FY' 08)
(23.14)%

International Indicates
 
Close
Percentage
BSE-30
14,355.75
0.48%
HANGSENG
22,731.10
0.20%
NIKKEI 255
13,376.81
0.10%
FTSE
5,411.90
(0.20)%
DJI
11,378.02
(1.78)%
TSX
13,683.21
2.55%
KLSE
1,163.09
0.27%

S.C.R.A
29-07-2008
2.83
July
(135.11)
YTD
(135.11)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.20%
KIBOR ( 6 months)
13.48%
PIB (10 years)
14.22%

Exchange Rates
Rs/US
72.00
RS/UK
141.97
RS/EURO
111.81
RS/OMAN RIYAL
185.91

commodities
Oil
$126.69/barrel
Oil Change in %
(2.66)%
Gold
$919.50/ounce
Gold Change in %
(0.16)%

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)
10.49
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
163.94mn
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
51.23/-
50.72/-
Return YTD
10.01%
 
NAV
POAF
11.22
Retun YTD
10.67%

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

Economy

Pakistan's foreign exchange reserves decline to $10.4877 billion
Country's foreign exchange reserves have further plunged by some 240.7 million dollars during the last week. State bank of Pakistan on Thursday informed that country's foreign reserves have declined to 10.4877 billion dollars during the week ended July 26, as against the 10.7284 billion dollars a week earlier more... (BR)

High-level body to work out modalities today
A special committee headed by Dr Asim Hussain will work out modalities of Economic Co-ordination Committee's decisions on oil marketing companies profits/margins, deemed duty, etc, with a view to formulating a strategy aimed at effectively tackling the challenge of rising oil prices at a meeting here on Friday (today) more... (BR)

July tax collection surpasses target by Rs 1.6 billion: FBR
The Federal Board of Revenue (FBR) has surpassed the revenue target by Rs 1.6 billion in the first month of the current fiscal year, FBR spokesman said in a statement here on Thursday. The net provisional collection stood at Rs 66 billion against the revenue target of Rs 64.4 billion during July 2008, recording a growth of 29.7 percent over the revenue collection during the same month of the last fiscal year more... (BR)

Asif and Nawaz in no hurry to meet
The heads of the Pakistan Muslim League-N and Pakistan People�s Party appear to be in no hurry to meet to resolve a crisis in the coalition that has kept the government in limbo more... (D)

PM�s visit marred by incompetence, says PML-Q
The Pakistan Muslim League (PML-Q) has described the prime minister�s four-day visit to the United States as the most mismanaged foreign tour by any Pakistani head of government more... ( D)

 
sector Briefing

Meezan Bank to launch Rs2bn Sukuk
Meezan Bank will launch Rs2 billion Sukuk bonds for Eden Builders more... (D )

Future of deemed duty: ministry told to assess financial impact on refineries
The Economic Co-ordination Committee (ECC) of the Cabinet has directed the Ministry of Petroleum and Natural Resources to assess the probable financial impact on oil refineries in case the government further reduces or eliminates deemed duty more... (BR)

Power generation units working below capacity: Wapda not making payment to IPPs
Water and Power Development Authority is not making payments to IPPs due to financial constraints, resultantly, the IPPs are working below their power generation capacity 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