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September 04, 2008 

Statistics
KSE 100 Index
Previous. Index
9,229.51
Current Index
9,239.15
Change %
0.10%
YTD ( CY' 08)
(34.37)%
YTD ( FY' 09)
(24.82)%

International Indicates
 
Close
Percentage
BSE-30
15,049.86
3.80%
HANGSENG
20,585.06.
(2.17)%
NIKKEI 255
12,689.59
0.64%
FTSE
5,499.70
(2.15)%
DJI
11,532.88
0.14%
TSX
13,771.25
0.15%
KLSE
1,085.38
(0.15)%

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)
13.66%
KIBOR ( 6 months)
13.79%
PIB (10 years)
14.48%

Exchange Rates
Rs/US
76.30
RS/UK
134.56
RS/EURO
109.80
RS/OMAN RIYAL
196.85

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
51.77/-
51.25/-
Return YTD
10.96%
 
NAV
POAF
11.34
Retun YTD
10.85%

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

Economy

IPPs held responsible for power crisis
The Ministry of Petroleum and Natural Resources (MP&NR) has informed the Economic Co-ordination Committee ECC of the Cabinet (ECC) that the independent power producers (IPPs) were responsible for making the load shedding crisis worse by not maintaining mandatory level of fuel oil for their power generation more... (BR)

Rupee dips to new low against dollar
The rupee hit an all-time low against the dollar on Wednesday eroding the hope that higher inflows of greenback during Ramazan will give some strenght to the local currency more... (D)

'Prices of essential items increased by 100 percent'
Though the government has announced the Ramazan Package to ensure the smooth supply of essential commodities on subsidised prices, unfortunately the prices of essential items have been increased by 100 per cent on the very first day of the holy month of Ramazan and may continue to rise due to absence of check and balance more... (BR)

 

Prime Minister's convoy attacked
Prime Minister Syed Yousuf Raza Gilani escaped unhurt when some unknown assailants fired multiple sniper shots on his motorcade from a hilltop near Kral Chowk on Islamabad Highway. Two bullets hit the bullet-proof window on the driver's side. However, no harm was caused to the Prime Minister, who reached PM House safely more... (BR)

Gilani vows to do away with 17th Amendment
Prime Minister Syed Yousuf Raza Gilani reiterated on Tuesday the People's Party commitment to do away with the 17th Amendment, saying that national institutions would be made supreme more... (D)

Minister says PPP not to quit Punjab govt
Federal Minister for Information and Broadcasting Sherry Rehman said on Tuesday that the Pakistan People's Party would not destabilise the coalition government led by the PML-N in Punjab more... (D)

 
sector Briefing

PSO managing director's resignation not accepted
The government has not accepted the resignation of Pakistan State Oil's Managing Director Abdul Aleem and asked him to continue to do his job. Aleem had tendered his resignation as PSO managing director on September 2, citing some personal reasons to the Ministry of Petroleum and Natural Resources (MP&NR) to discharge him from the job. Aleem had taken over PSO as managing director some two years ago more... (BR)

SSGC supplying sufficient gas to KESC
Sui Southern Gas Company (SSGC) is supplying 212 million cubic feet (mmcf) gas per day to KESC's Bin Qasim Thermal Power Plant from September 02, 2008. In a press release issued here on Wednesday, SSGC spokesperson said that the planned annual maintenance job of Bhit Gas field has been completed and the supply from the field has been fully restored since Monday (1st September) morning 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