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September 05, 2008 

Statistics
KSE 100 Index
Previous. Index
9,239.15
Current Index
9,239.26
Change %
0.00%
YTD ( CY' 08)
(34.37)%
YTD ( FY' 09)
(24.82)%

International Indicates
 
Close
Percentage
BSE-30
14,899.10
(1.00)%
HANGSENG
20,389.48.
(0.95)%
NIKKEI 255
12,557.66
(1.04)%
FTSE
5,362.10
(2.50)%
DJI
11,188.23
(2.99)%
TSX
13,137.72
(1.22)%
KLSE
1,085.06
(0.03)%

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)
13.70%
KIBOR ( 6 months)
13.83%
PIB (10 years)
14.48%

Exchange Rates
Rs/US
76.30
RS/UK
133.12
RS/EURO
108.13
RS/OMAN RIYAL
196.85

commodities
Oil
$107.88/barrel
Oil Change in %
(1.19)%
Gold
$799.70/ounce
Gold Change in %
(1.34)%

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)
9.13
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.24mn
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
51.79/-
51.27/-
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

Pakistan will probably avoid debt default
Pakistan will probably avoid the sovereign debt default that markets increasingly expect, even though the country faces more downgrades to its credit rating as it grapples with dwindling reserves and a sliding currency. The stability of Pakistan, a key US ally in the war on terrorism, is so important a geopolitical factor that institutions such as the International Monetary Fund will eventually help it meet obligations to creditors, analysts said more... (BR)

THE RUPEE: slight recovery registered
The SBP President's statement came to rescue the rupee versus the dollar on the currency market on Thursday, dealers said. On the interbank market, the rupee rose by five paisa in terms of the dollar for buying and selling at 76.90 and 76.95, dealers said more... (BR)

Fast track power projects: Thursday's meeting rescheduled for today
The Ministry of Water and Power on Thursday rescheduled a meeting on fast track power projects of 1500MW for Friday as most of the invitees failed to reach the ministry, sources close to the Ministry's Advisor told more... (BR)

 

Zardari vows to work with US, defeat Taliban
Pakistan's likely next president Asif Ali Zardari has vowed that the country will continue to work with the United States to defeat terrorism if he is elected on Saturday. Zardari's remarks came a day after Prime Minister Yousuf Raza Gilani escaped an apparent assassination attempt when two shots hit his motorcade, heightening security fears in the volatile nation more... (BR)

No cases being pursued against Sharifs: Gilani
Prime Minister Syed Yousuf Raza Gilani on Thursday took a serious view of re-opening of the cases by the National Accountability Bureau (NAB) against the Sharif brothers, saying that government does not believe in the political victimisation more... (BR)

PML-N moot discusses political situation
Pakistan Muslim League-N (PML-N) Quaid Mian Nawaz Sharif on Thursday chaired a party meeting here at the Punjab House to discuss the current political situation and the party's presidential election campaign, party sources said more... (FD)

 
sector Briefing

BOC Pakistan announces Rs 100 million investment
Pakistan's leading industrial gases company, BOC Pakistan Limited, has announced an investment of over Rs 100 million (approximately Euros 900,000) for the installation of a nitrous oxide (N2O) plant at Multan, with an annual capacity of 325,000 Kgs more... (BR)

MoF releases Rs 15 billion to Pepco
The Ministry of Finance has released Rs 15 billion payment to Pakistan Electric Power Company (Pepco) for clearing outstanding dues of Hub Power Company (Hubco) and other independent power producers (IPPs). This amount is other than Rs 15 billion being negotiated by the ministry for Pepco from a banks' consortium to ease its financial pressure more... (BR)

Export deals trigger hectic trading on cotton market
Cotton market on Wednesday consolidated the overnight gains as spinners were not inclined to sit on the sidelines and remained active buyers at the inflated levels more... (D)

(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