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  August 08, 2008 

Statistics
KSE 100 Index
Previous. Index
9,634.33
Current Index
9,707.29
Change %
0.76%
YTD ( CY' 08)
(31.04)%
YTD ( FY' 08)
(29.50)%

International Indicates
 
Close
Percentage
BSE-30
15,117.25
0.29%
HANGSENG
22,104.20
0.70%
NIKKEI 255
13,124.99
(0.98)%
FTSE
5,477.50
(0.16)%
DJI
11,431.43
(1.93)%
TSX
13,242.20
0.00%
KLSE
1,129.56
(0.36)%

S.C.R.A
06-08-2008
(1.02)
July
(21.45)
YTD
(171.31)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.16%
KIBOR ( 6 months)
13.46%
PIB (10 years)
13.92%

Exchange Rates
Rs/US
72.80
RS/UK
140.93
RS/EURO
111.02
RS/OMAN RIYAL
188.29

commodities
Oil
$119.98/barrel
Oil Change in %
0.94%
Gold
$890.50/ounce
Gold Change in %
(1.55)%

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)
10.16
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
51.35/-
50.84/-
Return YTD
10.54%
 
NAV
POAF
11.24
Retun YTD
10.68%

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

Economy

Pakistan's foreign exchange reserves decline
The country's foreign exchange reserves further declined by some $328.6 million during the last week due to rising current account deficit and slow foreign inflows. The State Bank of Pakistan on Thursday said the forex reserves declined to 10.1591 billion dollars during the week ended August 2, 2008, against $10.4877 billion a week earlier more... (BR)

Oil prices race towards $120
World oil prices rebounded towards $120 on Thursday after news pipeline carrying crude from Central Asia to the West would remain shut for about 15 days after a recent explosion more... (D)

Country creaking under domestic debt
The country's domestic debt rose by Rs608.2 billion to Rs3.2 trillion during the fiscal year 2007-08, according to the State bank of Pakistan latest data on this subject more... (FD)

MQM-less coalition good to go ahead says Ahsan
Central Information Secretary of PML-N Ahsan Iqbal has said that the coalition government excluding MQM enjoy two-third majority to impeach President Pervez Musharraf.
Talking to a private TV channel he said, "We require two-third majority in a joint Parliament session and we have the required majority to impeach President Pervez Musharraf more... (FD)

Musharraf set to fight
It is not for nothing that President Pervez Musharraf says Napoleon and Richard Nixon are his idols - the Pakistani leader has shown time and again that he does not give up without a fight. A former special forces commando and veteran of two wars against India, Musharraf will need all his battling skills to ward off the threat of impeachment by the country's ruling coalition more... (BR)

Zardari warns President against government dismissal
The head of ruling coalition, Asif Ali Zardari, warned President Pervez Musharraf on Thursday against dismissing parliament after the coalition decided to begin impeachment proceedings against him more... (BR)

 
sector Briefing

Kapco's global listing set for October 2008
Pakistan has plans for the foreign listing of Kot Addu Power Co (Kapco), the country's largest private power producer, through the issuance of global depository receipts (GDRs) in October, the government said more... (BR)

Hubco expresses displeasure at PSO letter
Hub Power Company, one of the biggest Independent Power Producers has accused Pakistan State Oil and Pakistan Electric Power Company, the two state-run entities, of joining hands to discredit the company for what it says a minor delay in the payment of outstanding furnace oil bills more... (BR)

PIA chief wants review of open skies policy
Like most other national institutions, Pakistan International Airlines has been experiencing heavy turbulence for the past many years. Financial woes, a humiliating European Union ban on its aircraft more... (D)

(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