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  August 19, 2008 

Statistics
KSE 100 Index
Previous. Index
10,258.71
Current Index
10,719.62
Change %
4.49%
YTD ( CY' 08)
(23.85)%
YTD ( FY' 08)
(22.15)%

International Indicates
 
Close
Percentage
BSE-30
14,645.66
(0.53)%
HANGSENG
20,930.67
(1.09)%
NIKKEI 255
13,165.45
1.12%
FTSE
5,450.20
(0.08)%
DJI
11,479.39
(1.55)%
TSX
13,096.70
(1.96)%
KLSE
1,084.36
(0.98)%

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)
13.35%
KIBOR ( 6 months)
13.55%
PIB (10 years)
14.20%

Exchange Rates
Rs/US
73.00
RS/UK
134.56
RS/EURO
106.05
RS/OMAN RIYAL
187.34

commodities
Oil
$114.53/barrel
Oil Change in %
(2.07)%
Gold
$801.90/ounce
Gold Change in %
(0.57)%

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
164.08mn
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
51.52/-
51.01/-
Return YTD
10.74%
 
NAV
POAF
11.28
Retun YTD
10.75%

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

Economy

Currency market reacts positively
Leading money changers of Rawalpindi and Islamabad on Monday closed their businesses during President Pervez Musharraf's speech on expectations of highly volatility in the rupee-dollar parity during the day's panic-like situation in the currency markets here more... (BR)

Musharrf's resignation to help arrest flight of capital
The resignation of President Pervez Musharraf will help arrest flight of capital from the country, while the panic buying of the greenback that has kept the local currency under pressure in recent past, is expected to be ceased instantly more... (BR)

Stakeholders fail to agree on CNG price mechanism
Stakeholders of the compressed natural gas (CNG) sector failed to reach an agreement on the mechanism to be followed by the Oil and Gas Regulatory Authority (Ogra) in calculating CNG prices for consumers, during a meeting held here on Monday more... (BR)

Withdrawal of GST exemption makes electricity 16 percent dearer
The federal government has made electricity 16 percent dearer after withdrawal of its GST exemption and retroactive implementation ie from July 1. This raise is over and above 21 percent hike in power tariff which is expected to be notified within a couple of weeks after the National Electric Power Regulatory Authority (Nepra) more... (BR)

Next President from PPP: Bilawal
Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari arrived here on Monday from Dubai. He was received by Sindh Chief Minister Syed Qaim Ali Shah and Home Minister Zulfikar Mirza at Quaid-e-Azam Terminal more... (FD)

8 years, 10 months, 8 days in power
President of Pakistan Pervez Musharraf remained in power for 8 years, 10 months and 8 days while he remained as a president for 7 years, one month and 28 days.He overthrew the government of Mian Nawaz Sharif on 12th October 1999 and took the government in his own hands more... (FD)

Soomro acting President; what's next?
The Chairman Senate Muhammadmian Soomro has taken oath as acting President of Pakistan after President Pervez Musharraf announced his resignation on Monday in the face of an impending impeachment motion by the ruling coalition government more... (FD)

 
sector Briefing

Economy offers best opportunity for telecom sector: Gilani
Prime Minister Syed Yousuf Raza Gilani has said that Pakistan's economy offers best opportunity for the telecom sector as the government is committed to provide level playing field for their operations. He said this in a meeting with Ms Chua Sock Koong, President Group CEO SingTel, Singapore and Bashir A Tahir, CEO Abu Dhabi Group at the Prime Minister House this afternoon more... (BR)

Hubco chief executive raises outstanding amount issue with PPIB
The Chief Executive of Hub Power Company (Hubco), Javed Mahmood, on Monday met the officials of Private Power Infrastructure Board (PPIB) and raised the issue of outstanding amount more... (BR)

(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