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  August 20, 2008 

Statistics
KSE 100 Index
Previous. Index
10,719.62
Current Index
10,919.06
Change %
1.86%
YTD ( CY' 08)
(22.43)%
YTD ( FY' 08)
(20.70)%

International Indicates
 
Close
Percentage
BSE-30
14,543.73
(0.70)%
HANGSENG
20,484.37
(2.13)%
NIKKEI 255
12,865.05
(2.28)%
FTSE
5,320.40
(2.38)%
DJI
11,348.55
(1.14)%
TSX
13,096.70
(1.96)%
KLSE
1,069.42
(1.38)%

S.C.R.A
18-08-2008
(10.93)
August
(30.33)
YTD
(180.19)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.38%
KIBOR ( 6 months)
13.59%
PIB (10 years)
14.20%

Exchange Rates
Rs/US
73.00
RS/UK
135.36
RS/EURO
107.02
RS/OMAN RIYAL
188.29

commodities
Oil
$115.03/barrel
Oil Change in %
0.44%
Gold
$821.90/ounce
Gold Change in %
2.49%

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
164.11mn
Trade Deficit
$(1.64)bn
Curr. A/C (Jul'07-Jan'08)
$(14.01)bn
Remittances
$0.63bn
Foreign Investment
$0.22 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.54/-
51.02/-
Return YTD
10.72%
 
NAV
POAF
11.28
Retun YTD
10.75%

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

Economy

A cheap dollar on kerb, but not in banks
Dollar was available at cheaper rates on open (kerb) market than in banks on Tuesday. At interbank close (13.30 hours), the official parity was Rs 74.40 to a dollar while there were plenty of dollars available with exchange companies at Rs 74 to a dollar in the afternoon. It was an extremely volatile day on the exchange market more... (BR)

Economic problems may take back seat: S&P
Pakistan's pressing economic problems could take a back seat as officials are caught up in the succession of President Pervez Musharraf, and this could have credit rating implications, a top Standard and Poor's executive said on Monday more... (BR)

FDI up by 76 percent in July despite uncertainty
Despite political turmoil, Pakistan has been continually attracting foreign investment, as the foreign direct investment (FDI) during the first month of the current fiscal year surged by 76 percent. Analysts said that although the political turmoil continues for the last eight months, foreign investors are still relying on Pakistan's economy and continue to make huge investments more... (BR)

 

Coalition squabbles over judiciary: JUI-F and ANP given 72 hours
Coalition leaders, who met here on Tuesday, ended the meeting unceremoniously. There was no press conference and no joint communiqué. Nawaz Sharif and his team members left the venue without talking to media persons waiting outside Zardari House. Team members of Pakistan People's Party (PPP) followed them more... (BR)

Fahim wants judiciary, prices in right place
Pakistan Peoples Party's senior leader Makhdoom Amin Fahim has said that ruling coalition should restore judges immediately while people should be provided relief by reducing inflation more... (FD)

Presidential election schedule shortly: EC
Election Commission (EC) will announce the schedule for the election of President of Pakistan within two to three days more... (FD)

 
sector Briefing

PICT posts over Rs 529 million profit
The profit after tax of Pakistan International Container Terminal Limited (PICT) has increased to Rs 529.260 million in the year ended June 30, 2008 as compared to Rs 331.187 million earned in the same period last year. The company's earning per share (basic) increased to Rs 5.62 in the period under review against Rs 3.44 of last year more... (BR)

Soneri Bank first half profit declines to Rs 464.554 million
The profit after tax of Soneri Bank Limited has declined to Rs 464.554 million in the half year period ended June 30, 2008 as compared to Rs 497.543 million earned in the same period last year. The board of directors of the bank in its meeting held on Monday declared that the earning per share of the bank stood at Rs 1.13 in the period under review against Rs 1.21 in the same period last year more... (BR)

Hinopak earns Rs 281.047 million profit in six months
Hinopak Motors Limited has earned Rs 281.047 million as profit after tax in the half year period ended on June 30, 2008 as compared to Rs 268.257 million earned in the corresponding period last year. The board of directors of the company, in its meeting held here on Tuesday, declared that the company's earning per share surged to Rs 22.66 in the period under review as against Rs 21.63 in the same period last yearmore... (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