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September 08, 2008 

Statistics
KSE 100 Index
Previous. Index
9,239.26
Current Index
9,342.19
Change %
1.11%
YTD ( CY' 08)
(33.64)%
YTD ( FY' 09)
(23.98)%

International Indicates
 
Close
Percentage
BSE-30
14,483.83
(2.80)%
HANGSENG
19,933.28.
(2.24)%
NIKKEI 255
12,212.23
(2.75)%
FTSE
5,240.70
(2.30)%
DJI
11,220.96
0.29%
TSX
12,816.42
0.02%
KLSE
1,070.54
(1.34)%

S.C.R.A
05-09-2008
(1.25)
September
(8.49)
YTD
(226.95)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.73%
KIBOR ( 6 months)
13.84%
PIB (10 years)
14.44%

Exchange Rates
Rs/US
75.70
RS/UK
135.47
RS/EURO
108.74
RS/OMAN RIYAL
195.90

commodities
Oil
$108.36/barrel
Oil Change in %
0.44%
Gold
$817.60/ounce
Gold Change in %
2.24%

Inflation
CPI (YOY)
24.3%
CPI (July)
24.3%
CORE INFTN (YOY)
14.7%
CORE INFTN (July)
14.7%

Economic Indicators
$US Reserves (Billion)
9.13
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.26mn
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
51.82/-
51.31/-
Return YTD
11.02%
 
NAV
POAF
11.34
Retun YTD
10.86%

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

Economy

Privatisation violates 1968-69 manifesto of PPP
Munir Ahmad Khan senior leader of PPP addressing a press conference here Sunday has voiced demand for halt of privatisation of national assets. He said this policy was in contradiction of 1968-69 manifesto of the party that was put before the nation by Shaheed Zulfiqar Ali Bhutto founder chairman of the party more... (BR)

THE RUPEE: rates improve amid hopes of inflows
The rupee during the week ended on September 6 2008 somehow managed to retain its previous levels against the dollar in both interbank and open market. Slight improvement in supply of dollars and expectations of arrival of inflows boosted the rupee in the interbank market, which rose by 60 paisa for buying and selling at 76.35 and 76.40 The rupee during the week ended on September 6 2008 somehow managed to retain its previous levels against the dollar in both interbank and open market. Slight improvement in supply of dollars and expectations of arrival of inflows boosted the rupee in the interbank market, which rose by 60 paisa for buying and selling at 76.35 and 76.40 more... (BR)

Duty exemptions cost Rs 9 billion to exchequer during July-August
The cost of exemptions on account of conessionary import of machinery/equipment, concessionay notifications and tariff concessions for local industrial sectors amounted to around Rs 9 billion during July-August period of 2008-09 more... (BR)

 

1973 Constitution to be restored: Prime Minister tells US Congress team
Prime Minister Yousuf Raza Gilani said here on Sunday that the government would restore the 1973 Constitution to its original form as "it is the appropriate time to do so, after the presidential election more... (BR)

Zardari invites Karzai to attend oath-taking ceremony
President-elect Asif Ali Zardari has invited his Afghan counterpart to attend his oath-taking ceremony next week, the Afghan government said Sunday.Afghan President Hamid Karzai called Zardari to congratulate him on his victory in the presidential poll Saturday, Karzai's office said in a statement more... (BR)

Opposition leaders urge Asif to restore parliament's powers
President-elect Asif Ali Zardari must reverse controversial changes made to the Constitution under military rule and restore the powers of parliament, the opposition said on Sunday more... (D)

 
sector Briefing

PSO on verge of default?
The Pakistan State Oil (PSO) is reported to be on the verge of defaulting on foreign suppliers due to non-payment of Rs 62 billion by federal government, Pepco and independent power producers (IPPs) more... (BR)

Labour union likely to resist OGDCL sell-off
The government is going to face stiff resistance from the labour union in its plans to privatise Oil and Gas Development Company Limited (OGDCL). The labour union has announced its campaign to save 'Pakistan's golden strategic asset' from going in the hands of 'unscrupulous elements' in the name of divestment more... (BR)

Pacra removes Worldcall from Rating Watch
The Pakistan Credit Rating Agency (Pacra) has removed the entity and TFC ratings of Worldcall Telecom Limited (WTL) from the Rating Watch. Pacra reaffirms the long-term and short-term ratings of "A+" (Single A Plus) and "A1" (A One) for the entity and "AA-" (Double A Minus) for the TFCs 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