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September 09, 2008 

Statistics
KSE 100 Index
Previous. Index
9,342.19
Current Index
9,296.23
Change %
(0.49)%
YTD ( CY' 08)
(33.96)%
YTD ( FY' 09)
(24.35)%

International Indicates
 
Close
Percentage
BSE-30
14,944.97
3.18%
HANGSENG
20,794.27.
4.32%
NIKKEI 255
12,624.46
3.38%
FTSE
5,446.30
3.92%
DJI
11,510.49
2.59%
TSX
12,816.42
0.02%
KLSE
1,075.93
0.50%

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)
13.79%
KIBOR ( 6 months)
13.88%
PIB (10 years)
14.43%

Exchange Rates
Rs/US
76.20
RS/UK
132.46
RS/EURO
106.47
RS/OMAN RIYAL
196.38

commodities
Oil
$105.58/barrel
Oil Change in %
(2.57)%
Gold
$803.40/ounce
Gold Change in %
(1.74)%

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
51.86/-
51.34/-
Return YTD
11.11%
 
NAV
POAF
11.34
Retun YTD
10.81%

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

Economy

THE RUPEE: dollar moves up
The interbank market opened on bearish note on Monday as the rupee fell by 10 paisa against the dollar for buying at 76.45 and it also lost 15 paisa for selling at 76.55, dealers said. There was higher demand for dollars as importers rushed to buy the same to make payments, they said more... (BR)

85 items exempted from L/C cash margin
The State Bank of Pakistan (SBP) on Monday exempted over 85 item from letter of credit (L/C) cash margin to facilitate importers. The Banking Policy and Regulation Department of SBP has formally issued a circular BPRD No 26 of 2008 on September 8, 2008 more... (BR)

Finance dissatisfied with privatisation pace
The Ministry of Finance (MoF) has shown dissatisfaction over the pace of Privatisation Commission's (PC) divesting public sector entities, and demanded of it to take some big strides to meet the target for revenue generation from privatisation proceeds. Sources said that MoF has taken up the issue of slow going for the sell-off with the Privatisation Commission in writing more than once lately, reminding it of the target set for privatisation proceeds more... (BR)

 

Zardari takes oath today
The stage is set for President-elect Asif Ali Zardari to take over as the 14th and most powerful civilian president of the country after he takes oath on Tuesday (today) at Aiwan-e-Sadr. Chief Justice Abdul Hameed Dogar will administer the oath of office to new president, who bagged more than two-thirds votes from a 702-member strong Electoral College on September 6 elections more... (BR)

'PPP not to destabilise Punjab government': Zardari's assurance to Nawaz
President-elect Asif Ali Zardari on Monday assured Mian Nawaz Sharif, Quaid, Pakistan Muslim League (N) that PPP government will not take any steps to destabilise the Punjab government and will take the PML-N along in the journey to strengthen democracy and democratic institutions in the country more... (BR)

PML-N declines to rejoin coalition
The PML-N on Monday politely declined president-elect Asif Ali Zardari's request to rejoin the ruling coalition, but assured him that it would play a positive role in the opposition more... (D)

 
sector Briefing

Ibrahim Fibres declares 15 percent dividend
Ibrahim Fibres has posted a profit after tax of Rs 1.582 billion for the year 2007-08 and declared a 15 percent cash dividend. According to financial results despatched to Karachi Stock Exchange (KSE) here Monday, the gross profit was estimated at Rs 2.109 billion for the period ending June 2008. Earning per share stood at Rs 5.10 during the period under review more... (BR)

APCPA concerned over 31 percent raise in power tariff
All Pakistan Cotton Powerlooms Association (APCPA) expressed grave concern over 31 percent increase in electricity tariff and warned that this step will ruined weaving sector, which is a livelihood of one million labour and owners in the country more... (BR)

Notification showing raise in power tariff deferred: stay issued by IHC
The Ministry of Water and Power has held back the tariff notifications after detailed discussion over a stay order issued by Islamabad High Court (IHC) during working hours on Monday, it is learnt. The IHC issued stay order against the much talked about hefty rise in power tariff of distribution companies (Discos), and adjourned further hearing of the petition till September 24 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