BasedLine
LOGO
September 10, 2008 

Statistics
KSE 100 Index
Previous. Index
9,296.23
Current Index
9,279.62
Change %
(0.18)%
YTD ( CY' 08)
(34.08)%
YTD ( FY' 09)
(24.49)%

International Indicates
 
Close
Percentage
BSE-30
14,900.76
(0.30)%
HANGSENG
20,491.11.
(1.46)%
NIKKEI 255
12,400.65
(1.77)%
FTSE
5,415.60
(0.56)%
DJI
11,379.41
(1.14)%
TSX
12,816.42
0.02%
KLSE
1,068.55
(0.69)%

S.C.R.A
08-09-2008
(2.13)
September
(10.62)
YTD
(229.08)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.81%
KIBOR ( 6 months)
13.90%
PIB (10 years)
14.44%

Exchange Rates
Rs/US
76.20
RS/UK
133.75
RS/EURO
107.51
RS/OMAN RIYAL
197.04

commodities
Oil
$104.20/barrel
Oil Change in %
(1.31)%
Gold
$775.60/ounce
Gold Change in %
(3.46)%

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
164.28mn
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
51.87/-
51.35/-
Return YTD
11.09%
 
NAV
POAF
11.34
Retun YTD
10.85%

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

Economy

Brent crude falls below $100 a barrel
Brent crude oil slipped below the key level of 100 dollars a barrel on Tuesday for the first time since April 2, sinking as low as 99.30 dollars in London. The sharp decline in Brent North Sea crude for October delivery came after Opec's chief signalled the cartel would keep its production ceiling unchanged, despite sinking prices and slowing economic growth more... (BR)

THE RUPEE: dollar inches up
Marginal changes were seen on the currency market on Tuesday in process of trading, dealers said. In the interbank market the rupee dropped by five paisa in terms of dollar for buying at 76.50 while it did not move any side for selling at 76.55, they said more... (BR)

Gold prices lower
Gold came under pressure on Tuesday, struggling to stay above $800 an ounce level due to a strong dollar, but robust physical demand capped losses more... (D)

 

Asif Zardari takes oath as President
Asif Ali Zardari was sworn in as President on Tuesday with daunting challenges ahead on almost all fronts in the shape of crippled institutions, falling economy and increasing attacks by US-led coalition in volatile tribal areas more... (BR)

Zardari greeted
A meeting of general body of Officers Association of Trading Corporation of Pakistan (TCP) held on Tuesday, attended by a large number of members. All the participants unanimously resolved to pay congratulation to Asif Ali Zardari on assuming prestigious office of the President of Pakistan. Members prayed that Almighty Allah might give him strength to steer the country out of the present crisis and other challenges more... (BR)

Saudi cabinet hails Zardari
Saudi Arabia's Council of Ministers has hailed Asif Ali Zardari for assuming charge as Pakistan's new President, Saudi Gazette reported. Dr Saud Al-Mathami, State Minister for Shoura Council Affairs and Acting Minister of Culture and Information in a statement said that Saudi Cabinet expressed the hope that Asif Ali Zardari as President would achieve the people's aspirations for peace, unity and security more... (BR)

 
sector Briefing

OGDC turnover turns up all-time low
Pakistan top energy firm Oil and Gas Development Company Limited (OGDC) scrip trading volume hit all time low on Tuesday when only 61 thousand volumes were traded more... (FD)

Textile exporters in a pinch as SBP jams Rs.5bn claims
Textile exporters are facing serious liquidity crunch as their five billion rupees subsidy claims are still stuck up due to State Bank directives more... (FD)

Power tariff increased
The Ministry of Water and Power on Tuesday raised power tariff by 65 percent, or Rs 10 per unit from Rs 7.79 per unit, for those domestic consumers using above 700 units per month. This would be in addition to the 16 per cent general sales tax (GST) in this fiscal year 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