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  August 26, 2008 

Statistics
KSE 100 Index
Previous. Index
9,993.81
Current Index
9,813.66
Change %
(1.80)%
YTD ( CY' 08)
(30.29)%
YTD ( FY' 08)
(28.73)%

International Indicates
 
Close
Percentage
BSE-30
14,450.35
0.34%
HANGSENG
21,104.79
3.50%
NIKKEI 255
12,878.66
1.60%
FTSE
5,506.60
2.50%
DJI
11,386.33
(2.08)%
TSX
13,447.29
(0.68)%
KLSE
1,078.73
(0.63)%

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)
13.51%
KIBOR ( 6 months)
13.67%
PIB (10 years)
14.32%

Exchange Rates
Rs/US
76.10
RS/UK
139.82
RS/EURO
111.27
RS/OMAN RIYAL
195.90

commodities
Oil
$115.55/barrel
Oil Change in %
0.75%
Gold
$825.20/ounce
Gold Change in %
0.23%

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
164.16mn
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
51.63/-
51.12/-
Return YTD
10.89%
 
NAV
POAF
11.31
Retun YTD
10.83%

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

Economy

CNG rates cut for Ramadan
CNG Dealers Association on Monday announced Rs2.75 cut in per kilogram rates. The gas will now be sold in Sindh at Rs44 per kilogram "The dealers have decided the cut as Ramadan relief for the consumers," the association said more ... (FD)

THE RUPEE: dollar further up
In the absence of easy supply of dollars the rupee gave up 70 paisa against the US currency in the interbank market on Monday for buying and selling at 76.60 and 76.70, dealers said. Strong demand by the importers did not allow the rupee to hold its weekend levels in process of trading, they said more... (BR)

Tightening halts Rs4bn recovery
The huge amount of almost Rs4 billion has got stuck up in the recovery of finance in July last month owing to State Bank's tight monetary policy stance framed in August 1, 2007 (10 per cent) and January 31 2008 to 10.5 per cent more... (FD)

 

Coalition cracks as 'N' backs off
Leader of Pakistan Muslim League-N Nawaz Sharif pulled his party out of the ruling coalition on Monday, deepening a political crisis that has diverted government attention from pressing security and economic problems more... (FD)

Coaction with PPP difficult, says Fazl
Amir Jamiat-e-Ulema Islam-F, Maulana Fazlur Rehman has said that the recent statement of PPP Co-chairman Asif Ali Zardari related to agreements signed with PML-N created political uncertainty and it has become difficult for JUI to go along with PPP more... (FD)

Zardari urges Nawaz to return for country's sake
Co-chairman Pakistan Peoples Party Asif Ali Zardari Monday expressed his grief on parting ways of Nawaz Sharif and urged him to rejoin the coalition government for the sake of country and democracy more... (FD)

 
sector Briefing

Arif Habib Bank profit soars to Rs 212.674 million in half year
The profit after tax of Arif Habib Bank Limited has increased to Rs 212.674 million in the half year period ended June 30, 2008 as compared to Rs 15.068 million in the corresponding period in 2007. The bank's earning per share increased to Re 0.473 in the period under review against Re 0.177 in the same period last year more... (BR)

NBP profit declines
The consolidated profit after tax of National Bank of Pakistan (NBP) declined to Rs 8.102 billion in the half year period ended June 30, 2008 as compared to Rs 9.151 billion in the corresponding period in 2007. The bank's earning per share stood at Rs 9.03 in the period under review against Rs 11.22 in the same period last year more... (BR)

MyBank announces 25 percent right share
MyBank has posted profit after tax of Rs 431.252 million during the half year ending on June 30, 2008, and announced a right share of 25 percent. According to financial result of the bank announced here on Monday, the gross profit of the bank was estimated at Rs 544.923 million while earning per share stood at Rs 1.02 during the period under review 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