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  August 07, 2008 

Statistics
KSE 100 Index
Previous. Index
10,042.47
Current Index
9,634.33
Change %
(4.06)%
YTD ( CY' 08)
(31.56)%
YTD ( FY' 08)
(30.03)%

International Indicates
 
Close
Percentage
BSE-30
15,073.54
0.75%
HANGSENG
21,949.75
0%
NIKKEI 255
13,254.89
2.6%
FTSE
5,486.10
0.6%
DJI
11,656.07
0.35%
TSX
13,242.20
(1.88)%
KLSE
1,133.59
(0.42)%

S.C.R.A
05-08-2008
(8.43)
July
(20.43)
YTD
(170.29)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.17%
KIBOR ( 6 months)
13.45%
PIB (10 years)
13.93%

Exchange Rates
Rs/US
72.80
RS/UK
141.19
RS/EURO
111.75
RS/OMAN RIYAL
188.10

commodities
Oil
$118.86/barrel
Oil Change in %
0.33%
Gold
$890.50/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)
10.49
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.00mn
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
51.34/-
50.82/-
Return YTD
10.46%
 
NAV
POAF
11.24
Retun YTD
10.68%

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

Economy

THE RUPEE: dollar rises further
Persisting demand for dollars did not allow the rupee to hold ground against dollar on the currency market on Wednesday, dealers said. In the interbank market, the rupee fell sharply versus the greenback, losing 25 paisa for buying and selling at 72.50 and 72.55 in process of trading, they said more... (BR)

Oil stays firm
World oil prices steadied on Wednesday as news of a surprise jump in US crude reserves was offset by a heavier-than-expected drop in motor fuel stockpiles, traders said more... (D)

SBP's control over NBFCs opposed
The Securities and Exchange Commission of Pakistan (SECP) has warned the federal government that its proposal to bring Non-Bank Financial Companies (NBFCs) under the regulatory control of State more... (D)

Political turmoil deepens
The talks on restoration of deposed judges and impeachment of President Pervez Musharraf between PPP and PML (N) remained inconclusive on the second day (Wednesday) as Mian Nawaz Sharif showed indignation on the summary okayed by president and sent to Governor Sindh for re-appointment of Sindh High Court's five permanent and three ad hoc judges (they will reportedly take oath on today (Thursday) more... (BR)

MQM and PML-Q assure Musharraf of full support
The leadership of Pakistan Muslim League-Q and Muttahida Qaumi Movement (MQM) on Wednesday met President Pervez Musharraf and assured their full support if the coalition government moved to impeach him, asking him to play his Constitutional role and defend his position at all cost more... (BR)

Musharraf says ready to brave out impeachment
President Pervez Musharraf emphasizing that he does not want any clash between institutions said that it is government's right to table impeachment motion against him and it is his right to defend his actions and he would himself answer the parliament of the allegations leveled against him more... (FD)

 
sector Briefing

PPL after-tax profit rises to Rs 19.707 billion
The after-tax profit of Pakistan Petroleum Limited (PPL) increased to Rs 19.707 billion in the year ended June 30, 2008 as compared to Rs 16.767 billion earned in the previous year. The company''s earning per share surged to Rs 26.12 against Rs 22.23 of previous year more... (BR)

ZTBL loans written off in last decade: Senate body seeks industrialists' names
The Senate Standing Committee on food, agriculture and livestock has asked the Zarai Taraqiati Bank Limited (ZTBL) to inform the committee about the names of industrialists with amount whose loans were written off during the last one decade more... (FD)

Cement makers' fear Sudan-like situation
A spokesman for the All Pakistan Cement Manufacturers Association (APCMA) said on Tuesday that any setback to the cement industry would play havoc with general consumers. He added that they might have to face a Sudan-like situation, where a bag of cement costs $22.5 or Rs 1,620 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