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  August 12, 2008 

Statistics
KSE 100 Index
Previous. Index
9,909.45
Current Index
10,171.86
Change %
2.65%
YTD ( CY' 08)
(27.74)%
YTD ( FY' 08)
(26.13)%

International Indicates
 
Close
Percentage
BSE-30
15,503.92
2.22%
HANGSENG
21,859.34
(0.12)%
NIKKEI 255
13,430.91
1.99%
FTSE
5,541.80
1.00%
DJI
11,782.35
0.41%
TSX
13,341.74
0.00%
KLSE
1,127.46
0.64%

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)
13.25%
KIBOR ( 6 months)
13.50%
PIB (10 years)
13.85%

Exchange Rates
Rs/US
73.70
RS/UK
140.29
RS/EURO
109.47
RS/OMAN RIYAL
190.48

commodities
Oil
$114.00/barrel
Oil Change in %
2.07%
Gold
$811.30/ounce
Gold Change in %
(8.89)%

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
164.04mn
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
51.42/-
50.90/-
Return YTD
10.64%
 
NAV
POAF
11.26
Retun YTD
10.68%

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

Economy

Rupee at record low on murky outlook
The Pakistani rupee weakened to a record low against the dollar on Monday, hit by political uncertainty and a poor economic outlook, putting pressure on the State Bank of Pakistan (SBP) to raise rates to prevent a run on the currency more... (FD)

Oil prices slide
Oil prices sank on Monday, erasing earlier gains on global demand fears, as traders set aside worries that fighting between Georgia and Russia would disrupt global energy supplies more... (D)

Allies have outflanked Musharraf, claims Asif: Impeachment camp hopeful of getting Sherpao's support
PPP co-chairman Asif Ali Zardari said on Monday that “President Musharraf is standing alone today” because of his party's political strategy while other leaders of the ruling coalition more... (BR)

Zardari's allegations: nation will know facts soon, says Musharraf
President Pervez Musharraf has said that he would prove before nation that the allegations levelled by PPP co-chairman Asif Ali Zardari are baseless. The President made these remarks while meeting with a delegation of PML-Q, comprising of Marvi Memon, Amir Muqam and Sheikh Waqas Ahmed more... (BR)

‘Safe exit' decision after resignation: Nawaz
PML-N chief Nawaz Sharif is reported to have declined to say anything about providing “safe exit” to President Pervez Musharraf even if he tenders his resignation more... (D)

 
sector Briefing

Local car sales fall by 55pc
The sale of locally-produced cars fell by 55 per cent to 4,744 units in July as compared to 10,516 units during the same month of last year and 13,967 units sold in June 2008 more... (BR)

Cotton prices fall by Rs100 per maund
Cotton prices eased further by Rs100 per maund on Monday from the recent highs as ginners indulged in near-panic selling, fearing a further decline after the end of their strike more... (D)

Govt to fetch $150bn for power generation
Pakistan government has decided to attract $150 billion investment to generate additional power of 143,310 megawatt by 2030 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