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September 11, 2008 

Statistics
KSE 100 Index
Previous. Index
9,279.62
Current Index
9,315.68
Change %
0.39%
YTD ( CY' 08)
(33.82)%
YTD ( FY' 09)
(24.20)%

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
1,062.70
(0.55)%

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)
13.75%
KIBOR ( 6 months)
13.89%
PIB (10 years)
14.44%

Exchange Rates
Rs/US
76.30
RS/UK
133.83
RS/EURO
107.46
RS/OMAN RIYAL
197.61

commodities
Oil
$103.90/barrel
Oil Change in %
(0.29)%
Gold
$760.70/ounce
Gold Change in %
(1.92)%

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
164.29mn
Trade Deficit
$(3.52)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
51.89/-
51.37/-
Return YTD
11.11%
 
NAV
POAF
11.36
Retun YTD
10.82%

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

Economy

July- August trade deficit yawns wider by 47.67pc
Pakistan's trade deficit during July-August of current fiscal year 2008-09, widened by 47.67 per cent to $3.52 billion compared with $2.38 billion in the same month last year, according to the official data released by the Federal Bureau of Statistics here on Wednesday more... (FD)

Oil price rises
Oil rose on Wednesday in response to a surprise decision by Opec to cut production by about half a million barrels a day more... (D)

Gold recovers losses
Gold recovered in Europe on Wednesday after hitting an 11-month low in Asian trade with rising oil prices boosting bullion's appeal as an inflation hedge and on strong physical demand more... (D)

 

Yes to 'N' resignations, Cabinet reshuffling
President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani have agreed to accept resignations of PML-N's ministers and expansion of federal cabinet. The decision has been taken in a meeting between President Zardari and Premier Gilani in the President House on Wednesday more... (FD)

Gilani says Balochistan uplift top priority
Prime Minister Syed Yousuf Raza Gilani on Wednesday said development of Balochistan is top priority of the coalition government and directed the Planning Commission that there should be no cut in the province's development funds and PSDP more... (FD)

NWFP decides to demand Rs500bn arrears from centre
The NWFP Cabinet which met here on Wednesday with Chief Minister, Amir Haider Khan Hoti in chair decided to take up the issue of payment of outstanding amount of province under the head of net hydel profit with federal government more... (FD)

 
sector Briefing

OGDC to ponder share buyback today
Oil & Gas Development Company Limited (OGDCL), country's top energy firm has planned to consider buy back the Company's shares to lend support to weak stock in the consequences of the sustained downslide in the local equity markets more... (FD)

Increase in NPLs
For the last few years, State Bank has adopted a very pro-active policy to ensure that non-performing loans (NPLs) of the banking industry are contained within reasonable limits. The problem has not only been highlighted in its proper perspective but an appropriate regulatory mechanism 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