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September 01, 2008 

Statistics
KSE 100 Index
Previous. Index
9,203.78
Current Index
9,208.26
Change %
0.05%
YTD ( CY' 08)
(34.62)%
YTD ( FY' 08)
(33.13)%

International Indicates
 
Close
Percentage
BSE-30
14,564.53
3.67%
HANGSENG
21,261.89
1.38%
NIKKEI 255
13,072.87
2.39%
FTSE
5,636.60
0.63%
DJI
11,543.71
(1.46)%
TSX
13,771.25
0.15%
KLSE
1,100.50
2.80%

S.C.R.A
29-08-2008
(4.48)
August
(68.50)
YTD
(218.36)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.60%
KIBOR ( 6 months)
13.76%
PIB (10 years)
14.51%

Exchange Rates
Rs/US
75.60
RS/UK
135.21
RS/EURO
109.81
RS/OMAN RIYAL
194.95

commodities
Oil
$116.52/barrel
Oil Change in %
(0.24)%
Gold
$835.90/ounce
Gold Change in %
(0.63)%

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)
9.38
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.20mn
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
51.71/-
51.20/-
Return YTD
10.95%
 
NAV
POAF
11.31
Retun YTD
10.87%

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

Economy

Oil products prices unchanged
The Oil and Gas Regulatory Authority (Ogra) has notified, on the advice of the Federal Government, that maximum ex-depot oil products sale prices, effective September 1, will remain unchanged more... (BR)

THE RUPEE: rates improve
The rupee showed modest improvement against both dollar and euro during the week ended on August 30, 2008. In the interbank market, the rupee gained 10 paisa against dollar for buying at 76.50 and 15 paisa for selling at 75.55. In the open market also, the rupee gained 30 paisa for buying at 75.90 versus the greenback and 20 paisa for selling at 76.50 more... (BR)

Government claims on FDI rise not supported by facts
The tall claims of the government that foreign direct investment (FDI) had increased by 76.1 percent during July 2008 over the same month of last year is not supported by facts and figures as inflow from two major contributors ie USA and UK had actually decreased during this period more... (BR)

 

Political system stands on strong parliament: Zardari
Co-chairperson Pakistan Peoples Party Senator Asif Ali Zardari said that the President is the symbol of federation and successive attempts to equip it with absolute power have led to crisis in the country. "The survival and stability of the political system is tied to the strengthening of the institution of the Parliament more... (FD)

Balochistan legislatorsmay table a pro-Zardari resolution
Balochistan Assembly session will meet here on Monday (Today) after a break of one-day in which legislatures are likely to table a resolution in the House supporting PPP Co-chairman Asif Ali Zardari in the presidential election more... (FD)

Mushahid unleashes charm offensive
Negotiations between the Pakistan Muslim League-Q and the Muttahida Qaumi Movement over the issue of the upcoming presidential election apparently failed to make any breakthrough as the latter more... (D)

 
sector Briefing

Kapco earns Rs 7.966 billion profit
The profit after tax of Kot Addu Power Company Limited (Kapco) increased to Rs 7.966 billion for the year ended on June 30, 2008 as compared to Rs 4.991 billion of 2007. The company's earning per share surged to Rs 9.05 against Rs 5.67. The board of directors of the company in its meeting held on Thursday recommended a final cash dividend at Rs 2.20 per share ie 22 percent more... (BR)

Rs 12 billion 'textile package' approved: ministry had demanded Rs 40 billion
The government has approved a package of Rs 12 billion for the textile and garments sectors instead of Rs 40 billion as demanded by the Ministry of Textile Industry, official sources more... (BR)

MUFAP beginning to fear the worst
The Mutual Funds financial sector is now beginning to fear the worst that foreign holders of stocks would resort to large dumping of shares, once the freeze imposed by Karachi Stock Exchange is removed 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