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  August 25, 2008 

Statistics
KSE 100 Index
Previous. Index
10,233.17
Current Index
9,993.81
Change %
(2.34)%
YTD ( CY' 08)
(29.01)%
YTD ( FY' 08)
(27.42)%

International Indicates
 
Close
Percentage
BSE-30
14,243.73
(2.96)%
HANGSENG
20,392.06
(2.58)%
NIKKEI 255
12,752.21
(0.77)%
FTSE
5,370.20
(0.03)%
DJI
11,430.05
0.11%
TSX
13,096.70
(1.96)%
KLSE
1,071.43
(0.17)%

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)
13.40%
KIBOR ( 6 months)
13.63%
PIB (10 years)
14.29%

Exchange Rates
Rs/US
75.75
RS/UK
140.45
RS/EURO
111.31
RS/OMAN RIYAL
194.95

commodities
Oil
$121.39/barrel
Oil Change in %
4.05%
Gold
$839.70/ounce
Gold Change in %
2.17%

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)
9.57
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.12mn
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
51.57/-
51.06/-
Return YTD
10.83%
 
NAV
POAF
11.29
Retun YTD
10.76%

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

Economy

FDIs rise 76pc in July
Foreign investment inflow from Malaysia to Pakistan touched US$9.7 million for July, 2008 compared to US$0.6 million for the corresponding period last year registering an increase of US$9.1 million more... (FD)

Pakistan's foreign exchange reserves decline by $352 million
Pakistan's foreign exchange reserves decreased by 352 million dollars during the last week due to slow foreign inflows and huge payments. The State Bank of Pakistan (SBP) on Thursday said that the country's foreign reserves plunged by 4 percent or 351.9 million dollar to 9.5681 billion dollar during the week ended August 16, 2008, as against 9.92 billion dollars a week earlier more... (BR)

Exports come to grinding halt: imported cargo piling up at ports
Whereas, the exports come to grinding halt, imported cargo is piling up at ports due to the non-availability of transport in the wake of continued wheel-jam strike by the cargo carriers more... (BR)

 

Coalition may collapse if deadline goes unmet
Leader, Pakistan Muslim League (N) and Former Prime Minister Nawaz Sharif has threatened to pull his party out of Pakistan's ruling coalition if it does not decide finally today to reinstate judges purged by former President Pervez Musharraf, the Wall Street Journal reported more... (FD)

Zardari emerges a likely candidate for President
Co-Chairman, Pakistan Peoples Party Asif Ali Zardari emerged on Thursday as a likely candidate to become the next president as a split loomed in the ruling coalition led by his party more... (FD)

PPP plans NA debate on judges' issue
The Pakistan People's Party (PPP) has made up its mind to resolve the lingering issue of reinstatement of the deposed judges through a parliamentary debate and a resolution more... (FD)

 
sector Briefing

Corporate Results: rise in Unilever profit
The profit after tax of Unilever Pakistan Limited has increased to Rs 1,280.745 million in the half year period ended June 30, 2008 as compared to Rs 862.041 million earned in the corresponding period in 2007. The company's earning per share surged to Rs 96.34 in the period under review against Rs 64.85 in the same period last year more... (BR)

Corporate Results: Lucky Cement profit shows gain
The profit after tax of Lucky Cement Limited has increased to Rs 2.677 billion in the year ended June 30, 2008 as compared to Rs 2.547 billion in the corresponding period last year. The board of directors of the company at its meeting here on Thursday declared that the company's earning per share stood at Rs 9.84 in the period under review against Rs 9.67 in the same period last year more... (BR)

Corporate Results: surge in PRL profit
Pakistan Refinery Limited has posted Rs 2,110.744 million as profit after tax in the year ended June 30, 2008 as compared to Rs 250.814 million earned in the corresponding period last year. The company's earning per share surged to Rs 60.31 in the period under review against Rs 7.17 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