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  August 18, 2008 

Statistics
KSE 100 Index
Previous. Index
9,902.35
Current Index
10,258.71
Change %
3.60%
YTD ( CY' 08)
(27.12)%
YTD ( FY' 08)
(25.50)%

International Indicates
 
Close
Percentage
BSE-30
14,724.18
(2.44)%
HANGSENG
21,160.58
(1.09)%
NIKKEI 255
13,019.41
0.48%
FTSE
5,454.80
(0.77)%
DJI
11,659.90
0.38%
TSX
13,096.70
(1.96)%
KLSE
1,095.05
(1.08)%

S.C.R.A
15-08-2008
7.03
August
(19.40)
YTD
(169.26)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.28%
KIBOR ( 6 months)
13.53%
PIB (10 years)
13.86%

Exchange Rates
Rs/US
76.00
RS/UK
141.10
RS/EURO
111.09
RS/OMAN RIYAL
196.39

commodities
Oil
$114.53/barrel
Oil Change in %
0.59%
Gold
$801.90/ounce
Gold Change in %
(1.8)%

Inflation
CPI (YOY)
24.3%
CPI (July)
24.3%
CORE INFTN (YOY)
14.7%
CORE INFTN (July-Apr)
14.7%

Economic Indicators
$US Reserves (Billion)
9.92
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.06mn
Trade Deficit
$(1.64)bn
Curr. A/C (Jul'07-Jan'08)
$(14.01)bn
Remittances
$0.63bn
Foreign Investment
$5.19 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.49/-
50.98/-
Return YTD
10.68%
 
NAV
POAF
11.28
Retun YTD
10.75%

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

Economy

Rupee remains under pressure
The rupee touched the lifetime low level against dollar in the currency market during the week ended on August 16, 2008. In the interbank market, the rupee dipped and lost 325 paisa to 76.60 for buying and 290 paisa for selling at 76.65 in the absences of visible intervention by the State Bank of Pakistan (SBP) more... (BR)

Levy on petrol raised by 256pc
While international oil prices are declining steadily, the government has increased the petroleum development levy (PDL) on petrol and high-octane blending component by 256 per cent and 165 more... (BR)

'Micro Finance' scheme for uplift of cottage industries soon
The setting up of mini industrial estates in remote rural areas is on the card aiming at promoting non-traditional products being produced in these areas and generate employment opportunities for skilled and semi-skilled persons on their doorsteps in the Punjab more... (BR)

Tuesday deadline to give up Presidency
The ruling coalition said on Sunday that the impeachment proceedings will be launched by Tuesday if he doesn't stand down.Defence Minister Ahmed Mukhtar said, "The charge sheet will be presented in Parliament by Tuesday more... (FD)

Tariq Aziz due in UK for talks with Altaf
Tariq Aziz, a close confidant of President Pervez Musharraf is arriving here on Monday to meet MQM chief Altaf Hussain ostensibly to try to woo him back to the president's camp in the impending impeachment battle more... (D)

Coalition to restore Parliament's supremacy: PM
Prime Minister Syed Yousuf Raza Gilani has said that the ruling coalition intends to restore supremacy of the Parliament and now time has come for the nation to decide its own future. He was talking to a delegation of Balochistan cabinet headed by its Chief Minister Nawab Muhammad Aslam Raisani here on Sunday more... (FD)

 
sector Briefing

KESC network in fragile shape
The Karachi Electric Supply Company has not been able to rectify thousands of faults that had developed since the first monsoon showers lashed the city and knowledgeable sources more... (BR)

Cement cos convince ministry
The government has accepted the cement manufacturers' standpoint as the manufacturing cost has been inflated by 64.50 per cent after the increase of Rs147, pushing the prices to Rs375.60 per bag in 2008 as compared with Rs228.21 per bag in fiscal 2007-2008 more... (FD)

(D): Dawn (BR): Business Recorder (FD): The Financial Daily
seprator
Research Team:
Shoaib Ali Khan
Department Head

Shayan Hasan
Analyst
Zhoaib Kabani
Technical Analyst
Salman Kazmi
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