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  August 29, 2008 

Statistics
KSE 100 Index
Previous. Index
9,144.93
Current Index
9,203.78
Change %
0.64%
YTD ( CY' 08)
(34.62)%
YTD ( FY' 08)
(33.16)%

International Indicates
 
Close
Percentage
BSE-30
14,048.34
(1.74)%
HANGSENG
20,972.29
(2.30)%
NIKKEI 255
12,768.25
0.10%
FTSE
5,601.20
1.30%
DJI
11,715.18
1.85%
TSX
13,447.29
(0.68)%
KLSE
1,070.46
0.26%

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)
13.55%
KIBOR ( 6 months)
13.73%
PIB (10 years)
14.58%

Exchange Rates
Rs/US
75.50
RS/UK
137.53
RS/EURO
110.66
RS/OMAN RIYAL
194.95

commodities
Oil
$116.80/barrel
Oil Change in %
(1.55)%
Gold
$841.20/ounce
Gold Change in %
0.56%

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)
9.83
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.18mn
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
51.68/-
51.16-
Return YTD
10.95%
 
NAV
POAF
11.31
Retun YTD
10.84%

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

Economy

Additional actions needed to safeguard Pakistan's economy: World Bank
The newly-appointed World Bank Vice President South Asia Region, Isabel Guerrero, on her first visit to Pakistan after taking over from Praful Patel, who has retired, called on Prime Minister Yousuf Raza Gilani, Finance Minister Naveed Qamar, State Bank Governor Dr Shamshad Akhtar and PPP Co-Chairman Asif Ali Zardari, separately more... (BR)

THE RUPEE: over all gains
The rupee held its firmness against dollar on the interbank market on Thursday amid hustle and bustle of next week presidential elections, currency analysts said. The rupee gained 25 paisa versus dollar for buying and selling at 75.90 and 75.95 in process of trading, they said more... (BR)

SBP issues fresh instructions on SLR
The State Bank of Pakistan on Thursday issued fresh instructions regarding Statutory Liquidity Requirements (SLR). The SBP said that in terms of Govt of Pakistan notifications SRO No 517(I)/2008 & 518(I)/2008 issued on June 9, 2008 more... (BR)

 

ECP clears papers of Zardari, Saeed and Mushahid
The Election Commission of Pakistan (ECP) has cleared the nomination papers of Asif Ali Zardari, Saeed-uz-Zaman Siddiqui and Mushahid Hussain Syed for the upcoming sixth presidential elections as none of them challenged the opponents' candidatures more... (BR)

Aitzaz finds answer in heightened protest
Supreme Court Bar Association President Aitzaz Ahsan has asked the government to restore the judges to their pre-emergency status or face heightened protest that will continue till the restoration of deposed chief justice Iftikhar Mohammad Chaudhry more... (D)

PPP may form coalition with PML-Q: Riaz: If PML-N doesn't rejoin alliance
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 declares first half financial results
The board of directors of the Bank of Punjab (BoP) approved half-yearly accounts of the Bank for the half year ended June 30, 2008. According to a press release issued by the Bank of Punjab here on Thursday, during the second quarter of the year 2008, BoP's operational income has registered an increase of 37 percent over first quarter of the current year more... (BR)

NIB earns Rs 659 million first half profit
NIB Bank limited has earned a profit, after tax Rs 659 million during the first half of 2008 with total revenue of Rs 4.1 billion. Addressing a press conference here on Thursday, Khawaja Iqbal Hassan president NIB Bank said that bank's quarter on quarter growth and progress has also been very strong and it has made positive progress during the first half more... (BR)

SNGPL restores partial gas supply to IPPs and Pepco
Sui Northern Gas Pipeline Limited (SNGPL) has partly restored the gas supply to the affected power plants of IPP and Pakistan Electric Power Company (Pepco) resulting in re-induction of 700 MW of electricity to the National Grid by Friday afternoon 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