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September 02, 2008 

Statistics
KSE 100 Index
Previous. Index
9,208.26
Current Index
9,210.15
Change %
0.02%
YTD ( CY' 08)
(34.57)%
YTD ( FY' 09)
(9.45)%

International Indicates
 
Close
Percentage
BSE-30
14,498.51
(0.45)%
HANGSENG
20,906.31
(1.67)%
NIKKEI 255
12,834.18
(1.83)%
FTSE
5,602.80
(0.60)%
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)
13.67%
KIBOR ( 6 months)
13.80%
PIB (10 years)
14.48%

Exchange Rates
Rs/US
76.20
RS/UK
136.26
RS/EURO
110.50
RS/OMAN RIYAL
196.38

commodities
Oil
$111.02/barrel
Oil Change in %
(4.72)%
Gold
$818.80/ounce
Gold Change in %
(2.05)%

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
164.22mn
Trade Deficit
$(1.64)bn
Curr. A/C (Jun'08-Jul'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
51.74/-
51.22/-
Return YTD
10.94%
 
NAV
POAF
11.31
Retun YTD
10.82%

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

Economy

Furnace oil price raised by Rs 2,136 per tonne
The oil marketing companies on Monday raised furnace oil price by Rs 2,136 per tonne in the domestic market, despite decline in the crude oil price in the world market, dealers said. All leading OMCs including Pakistan State Oil, Caltex and Shell Pakistan increased furnace oil prices by some 3.6 percent more... (BR)

SBP sets guidelines for Islamic agri financing
A Task Force constituted by Governor State Bank of Pakistan, Dr Shamshad Akhtar, on "Islamic Agricultural Finance" has prepared draft Guidelines on Islamic Financing for Agriculture. The Task Force comprised senior State Bank's officials, Shariah Advisors and heads of agriculture departments of commercial banks more... (FD)

Budget deficit rose to 7.4pc of GDP in 2007-08
The budget deficit rose to a record Rs777.2 billion or 7.4 per cent of gross domestic product (GDP) during 2007-08 and was met through the highest ever bank more... (D)

 

Balochistan Assembly supports Zardari
The Balochistan Assembly (BA) on Monday adopted unanimously a resolution in which endorsed Co-chairman PPP Asif Ali Zardari as the most suitable candidate for the post of President Islamic Republic of Pakistan. The house passed unanimously the joint resolution as 56 MPAs out of 65 members of the assembly, voted for it as no member opposed the resolution more... (FD)

PPP striving for Pakistan envisioned by ZAB: Zardari
Pakistan People's Party Co-chairman and Presidential candidate Asif Ali Zardari said on Monday that he wanted to take along all the political forces to bring about change in the lives of masses by doing away with the prevailing system more... (BR)

 
sector Briefing

Bank Alfalah second quarter profit increases to Rs 821.245 million
The profit after tax of Bank Alfalah Limited has increased to Rs 821.245 million in the quarter ended June 30, 2008 as compared to Rs 568.927 million earned in the corresponding period last year. The board of directors of the bank in its meeting declared that the bank's earning per share surged to Rs 1.03 in the period under review against Rs 0.71 in the same period last year more... (BR)

ACPL's profit declines
The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 435.025 million in the year ended June 30, 2008 as compared to Rs 796.433 million earned in the corresponding period last year. The company's earning per share decreased to Rs 6.03 in the period under review against Rs 11.04 in the same period last year more... (BR)

NRL posts Rs 6.005 billion fiscal year 2008 profit after tax
National Refinery Limited (NRL) has posted Rs 6.005 billion as profit after tax in the year ended June 30, 2008 as compared to Rs 4.202 billion in the corresponding year last year. The company's earning per share surged to Rs 75.10 in the period under review against Rs 52.55 in the same period last year 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