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  August 21, 2008 

Statistics
KSE 100 Index
Previous. Index
10,919.06
Current Index
10,525.98
Change %
(3.60)%
YTD ( CY' 08)
(25.23)%
YTD ( FY' 08)
(23.56)%

International Indicates
 
Close
Percentage
BSE-30
14,678.23
0.92%
HANGSENG
20,931.26
2.18%
NIKKEI 255
12,851.69
(0.10)%
FTSE
5,371.80
0.97%
DJI
11,417.43
0.61%
TSX
13,096.70
(1.96)%
KLSE
1,069.42
(1.38)%

S.C.R.A
19-08-2008
(3.43)
August
(26.89)
YTD
(176.75)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.39%
KIBOR ( 6 months)
13.62%
PIB (10 years)
14.27%

Exchange Rates
Rs/US
74.25
RS/UK
137.03
RS/EURO
108.46
RS/OMAN RIYAL
191.14

commodities
Oil
$116.66/barrel
Oil Change in %
1.42%
Gold
$821.90/ounce
Gold Change in %
0.00%

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)
$(1.01)bn
Remittances
$0.63bn
Foreign Investment
$0.22 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.55/-
51.04/-
Return YTD
10.81%
 
NAV
POAF
11.29
Retun YTD
10.78%

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

Economy

B2 rating faces foreign exchange reserves risk: Moody's
Moody's, a well established international rating agency, has forecast that Pakistan's credit fundamentals will deteriorate further if current political unrest persists even after the resignation of President Musharraf more... (BR)

July current account deficit up by 24 percent
Pakistan's current account deficit jumped up by 24 percent to 1.01 billion dollars during the first month of current fiscal year against 816 million dollars during the same period of last fiscal year, depicting an increased of 194 million dollars. This was due mainly to rising trade and income deficits, besides huge foreign payment and slow foreign inflows more... (BR)

THE RUPEE: dollar rebounds
The rupee-dollar official parity rates on Wednesday failed to retain upward journey in the absence of any positive signal about the political settlement, money experts said more... (BR)

 

Move afoot to install Zardari as president
There now appears to be a concerted move to install PPP co-chairman Asif Ali Zardari as the next president of the country with a number of senior members more... (D)

Plan evolved for restoration of judges: ANP, JUI-F, Fata leaders meet
The ruling coalition is working to reach consensus to resolve all issues, including judges and ratification of illegal acts of former President Pervez Musharraf, to be resolved within the stipulated time of 72 hours. These were the views of Asfandyar Wali and Fazl-ur-Rehman while talking to media persons after their meeting on Wednesday more... (BR)

Qayyum resigns as AGP
Attorney General of Pakistan (AGP) Malik Muhammad Qayyum on Wednesday has submitted his resignation as AGP and had formally informed Secretary Law in this regard more... (FD)

 
sector Briefing

Corporate Results: PTCL profit records increase
The profit after tax of Pakistan Tobacco Company Limited has increased to Rs 758.940 million in the quarter ended June 30, 2008 as compared to Rs 725.241 million earned in the same period last year. The company's earning per share increased to Rs 2.97 in the period under review against Rs 2.84 in the same period last year more... (BR)

OGDCL profit increases to Rs 49.613 billion
The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 49.613 billion in the year ended June 30, 2008 as compared to Rs 45.629 billion earned in the corresponding period last year. The company's earning per share surged to Rs 11.54 in the period under review against Rs 10.61 in the same period last year more... (BR)

Rise in Bata profit
Bata Pakistan Limited has posted Rs 137.059 million as profit after tax in the half year period ended June 30, 2008 as compared to Rs 84.091 million earned in the corresponding period in 2007. The board of directors of the company at its meeting held on Wednesday said that the company's earning per share increased to Rs 18.13 in the period under review against Rs 11.12 in the same period last year 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