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  August 28, 2008 

Statistics
KSE 100 Index
Previous. Index
9,430.29
Current Index
9,144.93
Change %
(3.03)%
YTD ( CY' 08)
(35.04)%
YTD ( FY' 08)
(33.59)%

International Indicates
 
Close
Percentage
BSE-30
14,296.79
(1.28)%
HANGSENG
21,464.72
1.90%
NIKKEI 255
12,752.96
(0.20)%
FTSE
5,528.10
1.00%
DJI
11,502.51
0.79%
TSX
13,447.29
(0.68)%
KLSE
1,067.65
(0.28)%

S.C.R.A
26-08-2008
(9.75)
August
(42.84)
YTD
(192.70)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.54%
KIBOR ( 6 months)
13.70%
PIB (10 years)
14.53%

Exchange Rates
Rs/US
75.50
RS/UK
137.87
RS/EURO
110.92
RS/OMAN RIYAL
194.95

commodities
Oil
$118.64/barrel
Oil Change in %
1.69%
Gold
$836.50/ounce
Gold Change in %
0.54%

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
164.17mn
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
51.67/-
51.15-
Return YTD
10.95%
 
NAV
POAF
11.31
Retun YTD
10.80%

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

Economy

Foreign funds net selling on stock market amounts to $396 million
The offloading by foreign funds from the stock market remained the main cause of the recent fall in Pakistan equities as the net selling of offshore investors amounted to $396 million so far in calendar year 2008, analysts said. According to the NCCPL data, the foreign investors sold shares worth $2.7 billion and bought worth $2.3 billion, thus a net offloading of $396 million was recorded in this period more... (BR)

Rupee puts on 70 paisa vs hulking greenback
Rupee regained 70 paisa to close at 76.30 a dollar in open market on Wednesday on SBP intervention, dealers said more... (FD)

Power tariff raise to be less than 65pc: Qamar
Finance Minister Naveed Qamar has said though Nepra has proposed up to 65 per cent increase in electricity tariff but the government would not implement the recommendations in totality more... (FD)

 

APDM wants presidential election postponed
Pakhtunkhwa Milli Awami Party chairman Mahmood Khan Achakzai, who is also convener of the All Parties Democratic Alliance, has called for postponement of presidential election more... (D)

PML-N not to challenge Zardari's eligibility
The Pakistan Muslim League-Nawaz has no plan to challenge the eligibility of Asif Ali Zardari for the office of the president, says party chairman Raja Zafarul Haq more... (D)

PPP plans welcome rallies in Punjab
The Pakistan People's Party (PPP) will stage “welcome Zardari” rallies at all district headquarters in Punjab to show solidarity with the party's co-chairperson contesting Sept 6 presidential election more... (D)

 
sector Briefing

BoP registers over Rs 2.628 billion loss
The Bank of Punjab witnessed a loss of Rs 2,628.506 million after tax in the half year period ended on June 30, 2008 against an after tax profit of Rs 1,824.830 million in the corresponding period of 2007. The board of directors of the bank in its meeting held on Tuesday declared a per share loss of Rs 4.97 against the earning of Rs 3.45 in the previous year more... (BR)

Nishat Mills declares 25 percent dividend
Nishat Mills profit after tax in the year ended on June 30, 2008 increased to Rs 6,132.415 million compared to Rs 1,674.170 million of previous year. The company's earning per share increased to Rs 38.38 against Rs 10.48. The board of directors of the company in its meeting held on Wednesday recommended a final cash dividend at Rs 2.50 per share ie 25 percent more... (BR)

Failure to meet deadline: PSO suspends furnace oil supply to IPPs on credit
After failing to meet the deadline for outstanding dues, Pakistan State Oil (PSO) has suspended supply of furnace oil to Hubco and other plants on credit, resulting in sharp decline in electricity production from this source at a time when the people are feeling severe pinch of loadshedding in the hot summer season 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