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  August 05, 2008 

Statistics
KSE 100 Index
Previous. Index
10,122.59
Current Index
9,853.18
Change %
(2.66)%
YTD ( CY' 08)
(30.00)%
YTD ( FY' 08)
(28.44)%

International Indicates
 
Close
Percentage
BSE-30
14,577.87
(0.54)%
HANGSENG
22,514.92
(1.52)%
NIKKEI 255
12,933.18
(1.23)%
FTSE
5,320.20
(0.64)%
DJI
11,284.15
(0.37)%
TSX
13,496.53
0%
KLSE
1,148.68
(0.90)%

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)
13.19%
KIBOR ( 6 months)
13.45%
PIB (10 years)
14.10%

Exchange Rates
Rs/US
72.30
RS/UK
140.75
RS/EURO
111.49
RS/OMAN RIYAL
186.38

commodities
Oil
$120.27/barrel
Oil Change in %
(4.70)%
Gold
$901.20/ounce
Gold Change in %
(2.17)%

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
163.98mn
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
51.30/-
50.78/-
Return YTD
10.21%
 
NAV
POAF
11.24
Retun YTD
10.73%

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

Economy

Economic indicators worsening: expert
Pakistan's economic indicators are worsening and remittances and loans would not support economy in the long term. This was stated by professor Dr Norbert Walter, the chief economist for Deutsche Bank group and CEO of Deutsche Bank research speaking on the "2008: Developed Countries Downswing- Emerging Markets Inflation Requires Restrictive Policies" more... (BR)

Ogra directed to regulate CNG prices: Rs4-5 per kg likely
The government on Monday directed the Oil and Gas Regulatory Authority (Ogra) to regulate the CNG prices under a formula that would reduce existing sale rates by almost 10 per cent or Rs4-5 per kg more... (D)

Oil prices tumble beneath $120
Crude oil prices plunged below $120 a barrel on Monday for the first time in three months more... (D)

Banking spread still highest in region
Despite a slow off-take of credits, banking spread was still highest in the region though it lost some weight during the last six months more... (D)

Sharif plans 'decisive' talks with Zardari
PML-N leader Mian Muhammad Nawaz Sharif has said that he will hold decisive and comprehensive meeting with PPP Co-chairperson Asif Ali Zardari on Tuesday (today) on the restoration of deposed judges and other issues facing the country more... (FD)

PPP wants coalition intact
Pakistan People's Party Co-chairman Asif Ali Zardari on Monday chaired a meeting of the party's ministers to review the current political situation and discuss some key issues more... (FD)

Musharraf's Quetta visit sparks protest
Lawyers took out a procession here on Monday in protest against President Pervez Musharraf's visit to the city and vowed to continue their struggle for reinstatement of the deposed judges more... ( D)

 
sector Briefing

Hubco to build first hydropower project
Hub Power Company Limited (Hubco) has acquired 75 percent controlling interests in Laraib Energy Limited (Laraib) and will be setting up the first hydropower project in Pakistan by an Independent Power Producer (IPP) more... (BR)

PPL profit likely to soar 24.3pc
Pakistan Petroleum Limited (PPL) would be the first exploration and production company which is scheduled to announce its results on August 6 for the annual accounts FY08 more... (FD)

SECP turns down proposal to freeze market
The Securities and Exchange Commission of Pakistan (SECP) has turned down the proposal to freeze stock market on Monday's closing level or index 9,500 points 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