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  August 04, 2008 

Statistics
KSE 100 Index
Previous. Index
10,583.58
Current Index
10,122.59
Change %
(4.36)%
YTD ( CY' 08)
(28.09)%
YTD ( FY' 08)
(26.49)%

International Indicates
 
Close
Percentage
BSE-30
14,656.69
2.10%
HANGSENG
22,862.60
0.58%
NIKKEI 255
13,094.59
(2.11)%
FTSE
5,354.70
(1.06)%
DJI
11,326.32
(0.45)%
TSX
13,496.53
(0.71)%
KLSE
1,159.10
(0.34)%

S.C.R.A
01-08-2008
(5.08)
July
(5.08)
YTD
(154.94)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.18%
KIBOR ( 6 months)
13.47%
PIB (10 years)
14.13%

Exchange Rates
Rs/US
72.15
RS/UK
141.81
RS/EURO
111.87
RS/OMAN RIYAL
186.38

commodities
Oil
$126.20/barrel
Oil Change in %
(0.39)%
Gold
$921.90/ounce
Gold Change in %
0.26%

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
163.96mn
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
51.26/-
50.75/-
Return YTD
10.04%
 
NAV
POAF
11.24
Retun YTD
10.81%

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

Economy

Economy on downslide: President
President Pervez Musharraf said on Sunday that the new elected government was striving to resolve the challenges confronting the country and he wants from the government to successfully complete its five-year tenure. He was speaking at a dinner hosted in his honour by the business community here more... (BR)

THE RUPEE: dollar maintains rising trend
The rupee fell against dollar on the currency market last week, ended on August 2, 2008, after State Bank of Pakistan (SBP) move which raised key discount rate to 13.0 percent from 12.0 percent more... (BR)

Power plants: ministry of petroleum expresses inability to supply gas
The Ministry of Petroleum and Natural Resources has expressed inability to supply gas to Wapda's thermal power plants on sustainable basis which are being operated on Sui Northern Gas Pipeline Limited (SNGPL) system more... (BR)

Gilani and Karzai agree to counter terrorism jointly
Prime Minister Syed Yousuf Raza Gilani and Afghan President Hamid Karzai on Sunday agreed to come up with a common strategy to tackle terrorism and extremism. Prime Minister Yousaf Raza Gilani and Afghan President Hamid Karzai met over breakfast on the sidelines of the Saarc Summit here more... (BR)

Shahbaz can sacrifice office 1,000 times: Judges issue
Punjab Chief Minister Shahbaz Sharif said on Sunday his party was committed to the reinstatement of judges sacked under Nov 3 emergency and he was ready to “sacrifice” more... ( D)

PML-Q plans reference against CM
Opposition leader in the National Assembly Pervaiz Elahi says Mian Shahbaz Sharif is disqualified from the office as the PML-Q parliamentary party will decide in next session of the provincial assembly to file a reference against him more... ( D)

 
sector Briefing

United Insurance Company A- rating maintained
The Pakistan Credit Rating Agency (Pacra) has maintained Insurer Financial Strength rating of the United Insurance Company of Pakistan Limited at "A-" (Single A Minus) more... (BR )

Fertiliser sector profitability up 50pc
The profitability of fertiliser sector increased by 50 per cent more... (FD)

Fertiliser prices zoom 30pc
Average price of fertilisers including Sona Urea surged by 30.39 per cent and stood at Rs709 per bag whereas price of Kissan Urea increased by 33.52 per cent to Rs673 per bag during the week ended on July 31 over the corresponding period of the last fiscal year 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