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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
14,401.49
1.11%
HANGSENG
20,392.06
(2.58)%
NIKKEI 255
12,666.04
(0.68)%
FTSE
5,506.60
2.52%
DJI
11,628.06
1.73%
TSX
13,447.29
(0.68)%
KLSE
1,085.60
1.32%

S.C.R.A
22-08-2008
2.71
August
(27.71)
YTD
(177.57)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.48%
KIBOR ( 6 months)
13.63%
PIB (10 years)
14.32%

Exchange Rates
Rs/US
75.50
RS/UK
138.36
RS/EURO
110.54
RS/OMAN RIYAL
194.77

commodities
Oil
$114.62/barrel
Oil Change in %
(5.58)%
Gold
$825.20/ounce
Gold Change in %
(1.73)%

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
164.14mn
Trade Deficit
$(1.64)bn
Curr. A/C (Jul'07-Jan'08)
$(1.01)bn
Remittances
$0.63bn
Foreign Investment
$0.21 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.60/-
51.06/-
Return YTD
10.85%
 
NAV
POAF
11.30
Retun YTD
10.79%

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

Economy

THE RUPEE: currency market in grip of uncertainties
The rupee somehow managed to resist sharp fall against the dollar during the week ended on August 23, 2008 amid rising uncertainties over the future of politics in the country more... (BR)

Loan talks with IMF laced with lean hopes
The financial authorities of Pakistan are not very much hopeful of talks between Pakistan and IMF to be initiated next week to secure emergency relief package of $10 billion dollars more... (FD)

Cutting down PSDP by Rs 100 billion
The Planning Commission and the Finance Ministry are on a collision course over the announcement by the Finance Minister Naveed Qamar that the Public Sector Development Programme (PSDP) would be slashed by Rs 100 billion; the controversy is likely to continue more... (BR)

 

Deal with ‘N' should be dealt a change: Zardari
Co-chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari has said that the agreement with Pakistan Muslim League (PML-N) regarding restoration of the deposed judges needs to be amended. In an interview with BBC on Sunday, Asif Zardari said the political parties work on understanding and no timeframe could be given for the reinstatement of deposed judges more... (FD)

Asfandyar endorses Zardari's ambitions
ANP chief Asfandyar Wali Khan has announced to support nomination of Asif Ali Zardari for the post of President of Pakistan adding it is PPP's right to nominate its candidate being majority party more... (FD)

Asif Ali Zardari agrees to contest presidential election
PPP co-chairman Asif Ali Zardari has decided to run for president in the wake of Musharraf's resignation, officials announced on Saturday. "Zardari has accepted to contest the election for the office of president of Pakistan after the party more... (BR)

 
sector Briefing

MCB Bank earns Rs 7.68 billion profit: 30 percent cash dividend announced
The Board of Directors of MCB Bank Limited under the chairmanship of Mian Mohammad Mansha met on Friday and reviewed the performance of the bank during the first half of 2008. The financial results for the period ended June 30, 2008 were presented before the Board of Directors of MCB Bank which were approved more... (BR)

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)

SSGC's clarification
The spokesman of Sui Southern Gas Company Limited (SSGC) has strongly denied that the utility has totally stopped the gas supply to the KESC Bin Qasim Power Plant 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