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September 03, 2008 

Statistics
KSE 100 Index
Previous. Index
9,210.15
Current Index
9,229.51
Change %
0.21%
YTD ( CY' 08)
(34.44)%
YTD ( FY' 09)
(9.45)%

International Indicates
 
Close
Percentage
BSE-30
15,049.86
3.80%
HANGSENG
21,042.46.
0.65%
NIKKEI 255
12,609.47
(1.75)%
FTSE
5,620.70
0.32%
DJI
11,516.92
(0.23)%
TSX
13,771.25
0.15%
KLSE
1,086.99
(1.23)%

S.C.R.A
01-09-2008
(0.85)
September
(0.85)
YTD
(219.31)

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
$109.18/barrel
Oil Change in %
(1.67)%
Gold
$810.60/ounce
Gold Change in %
(1.00)%

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
164.23mn
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
51.75/-
51.23/-
Return YTD
10.95%
 
NAV
POAF
11.33
Retun YTD
10.82%

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

Economy

THE RUPEE: dollar sheds 30 paisa on open market
Bullish trend was seen on the open market on Tuesday as dollar supply improved in process of trading, resultantly the rupee posted fresh gain of 30 to 76.00 and 76.50, dealers said. The rupee also followed suit and gained 55 paisa versus euro for buying and selling at Rs 110.45 and Rs 110.65, they said more... (BR)

Income tax returns filing: no extension beyond September 30
The Federal Board of Revenue (FBR) would not give extension in time for electronically filing of income tax returns by both individuals and associations of Persons (AOPs) in September more... (BR)

Essential commodities disappear from utility stores
The government has miserably failed in its efforts to ensure smooth supply of essential commodities, while the flour totally disappeared from utility stores, on the first day of Ramazan more... (BR)

 

PML-N ministers resignation to be accepted: Prime Minister
Prime Minister Yusuf Raza Gilani dilating his views on Article 58(2)b and 17th Amendment in the 1973 Constitution, said that they were opposed to it earlier and were of the same view at present. This he stated while talking to journalists on his arrival at the Lahore Airport on Tuesday more... (BR)

NAB move for reopening of three references against Sharifs
The National Accountability Bureau (NAB) has filed an application in the Accountability Court, Rawalpindi, for re-opening of three corruption and money laundering references against former prime minister and Quaid of Pakistan Muslim League-N Mian Nawaz Sharif, and Punjab Chief Minister and PML-N President Mian Shahbaz Sharif more... (BR)

PPP to embody 1973 constitution, Charter of Democracy
Co Chairperson Pakistan Peoples Party Senator Asif Ali Zardari said that his party is committed to the 1973 constitution of Pakistan "that is the force behind the federation and has kept the country united more... (FD)

 
sector Briefing

Auto assemblers sector shows dismal performance
The net profit of auto assemblers (cars and light commercial vehicles only) has declined by 61 percent to Rs 828 million in the quarter ended June 30, 2008 as compared to Rs 2.1 billion in the same period in 2007. "In line with the economic slowdown, the auto assemblers in Pakistan showed a dismal performance", Bilal Hameed, an analyst at JS Global Capital Limited said and added that the declining volumetric sales amid rising costs were the main reasons behind this low level more... (BR)

OGDCL missed exploration targets in 2007-08
The Oil and Gas Development Company Limited (OGDCL) has missed the much-trumpeted exploration and production target for 2007-08, resulting in decline in its oil and gas output during last year. The company's business plan 2007-08 more... (BR)

Gas disconnection notice served on Pepco
Pakistan Petroleum Limited (PPL) has served gas disconnection notice on Pakistan Electric Power Company (Pepco) for not paying gas bills for four months ie March to June 2008 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