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  August 11, 2008 

Statistics
KSE 100 Index
Previous. Index
9,707.29
Current Index
9,909.45
Change %
2.08%
YTD ( CY' 08)
(29.60)%
YTD ( FY' 08)
(28.03)%

International Indicates
 
Close
Percentage
BSE-30
15,167.82
0.33%
HANGSENG
21,885.21
(0.99)%
NIKKEI 255
13,168.41
0.33%
FTSE
5,489.20
0.20%
DJI
11,734.32
2.65%
TSX
13,341.74
(0.32)%
KLSE
1,120.31
(0.81)%

S.C.R.A
08-08-2008
(0.89)
August
(26.83)
YTD
(176.69)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.18%
KIBOR ( 6 months)
13.48%
PIB (10 years)
13.84%

Exchange Rates
Rs/US
73.20
RS/UK
139.86
RS/EURO
109.11
RS/OMAN RIYAL
189.24

commodities
Oil
$116.41/barrel
Oil Change in %
(2.98)%
Gold
$890.50/ounce
Gold Change in %
(2.34)%

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
164.02mn
Trade Deficit
$(16.44)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
51.38/-
50.87/-
Return YTD
10.56%
 
NAV
POAF
11.25
Retun YTD
10.68%

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

Economy

THE RUPEE: political chaos, trade deficit cause rush for $
Rush for dollar forward buying increased on the currency market, causing rupee vulnerability versus the US currency during the week ended on August 9, 2008. On the interbank market, the rupee lost 88 paisa against dollar for buying at 72.78 and 115 paisa at 72.80 for selling more... (BR)

Capital flight claims $21.74mn in week
Foreign capital flight from the country's equity market did not show any respite as net portfolio investment in the stock market further declined by $21.74 million in the week ended on Friday, according to the latest SBP update on the subject. As a result, in FY09, Special Convertible Rupee Accounts (SCRAs) balance shows net outflow of $176.68 million more... (D)

Exports expand 29pc in 1MFY09
The country's exports rose by 29 per cent in first month of current fiscal year compared to the corresponding period last year, according to the figures released by the Federal Bureau of Statistics (FBS). It said imports however increased by 38 per cent in the same period more... (FD)

PML-Q and MQM to support Musharraf
Pakistan Muslim League (Q) on Sunday decided to support President Musharraf in his defence against the impeachment motion, Aaj TV reported. This was announced at a press conference by the PML-Q President Chaudhry Shujaat Hussain, Secretary General Mushahid Hussain Syed and former Chief Minister Punjab/opposition leader in National Assembly Chaudhry Pervaiz Elahi after a meeting of PML-Q central executive meeting in Lahore more... (BR)

Charge sheet against Musharaf ready
The ruling coalition has prepared the points of charge sheet against President Pervez Musharraf, but they cannot be revealed to media before time more... (FD)

Fahim says will settle the score and stay in PPP
Vice Chairman of Pakistan People Party (PPP), Makhdoom Amin Fahim on Sunday said that he would respond to his party in similar manner he had been treated by the party, adding that he would never quit the party more... (FD)

 
sector Briefing

PSO outstanding dues: PIA and Pepco given Tuesday deadline for payment
The Ministry of Petroleum and Natural Resources (MP&NR) has set the deadline of Tuesday evening for Pakistan International Airline (PIA) and Pakistan Electric Power Company (Pepco) to clear Pakistan State Oil (PSO) outstanding dues, and has conveyed to these entities, in writing, that failure on their part to clear outstanding amounts could result in suspension of fuel supply to them more... (BR)

Unilever second quarter profit rises to Rs 91.132 million
The profit after tax of Unilever Pakistan Food Limited has increased to Rs 91.132 million in the quarter ended June 30, 2008 as compared to Rs 65.784 million earned in the corresponding period in 2007. The company's earning per share increased to Rs 14.80 in this quarter against Rs 10.68 in the same period last year more... (BR)

Habib Metropolitan profit up at Rs 892 million
The profit after tax of Habib Metropolitan Bank in the quarter ended June 30, 2008 increased to Rs 892.026 million as compared to Rs 510.733 million in the corresponding period in 2007. The board of directors of the bank in its meeting held here declared that the bank's earning per share increased to Rs 1.48 in the period under review against Rs 0.85 in the same period of last year 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