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September 12, 2008 

Statistics
KSE 100 Index
Previous. Index
9,315.68
Current Index
9,263.39
Change %
(0.56)%
YTD ( CY' 08)
(34.20)%
YTD ( FY' 09)
(24.62)%

International Indicates
 
Close
Percentage
BSE-30
14,324.29
(2.31)%
HANGSENG
19,388.72
(3.06)%
NIKKEI 255
12,102.50
(1.98)%
FTSE
5,318.40
(0.89)%
DJI
11,433.71
1.46%
TSX
12,816.42
0.02%
KLSE
1,062.70
(0.55)%

S.C.R.A
10-09-2008
(3.67)
September
(12.34)
YTD
(230.80)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.75%
KIBOR ( 6 months)
13.88%
PIB (10 years)
14.43%

Exchange Rates
Rs/US
76.50
RS/UK
133.57
RS/EURO
106.28
RS/OMAN RIYAL
198.18

commodities
Oil
$101.53/barrel
Oil Change in %
(2.28)%
Gold
$753.90/ounce
Gold Change in %
(0.89)%

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
164.30mn
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
51.90/-
51.39/-
Return YTD
11.12%
 
NAV
POAF
11.36
Retun YTD
10.80%

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

Economy

World oil price decline: country saves $102 million
Following a decline in the international oil prices, the country's oil import payments have scaled down by 102 million dollars in the first month of the current fiscal year giving a breathing space to the State Bank of Pakistan with regard to foreign payments more... (BR)

THE RUPEE: softness persists
The rupee failed to get rid of weakness against dollar in the currency market on Thursday in process of strong demand for dollars, dealers said. In the interbank market the rupee continued slide, shedding another five paisa against dollar for buying and selling at 76.60 and 76.65, they said more... (BR)

Forex reserves stand at $9.10bn
Pakistan's total liquid foreign exchange reserves stood at $9.101 billion on September 6, 2008, State Bank of Pakistan said on Thursday. According to break-up, foreign reserves held by SBP were $5 more... (FD)

 

Zardari to uphold national interests: Haqqani
Pakistan's Ambassador to US Hussain Haqqani has said that President Asif Ali Zardari, as elected head of state, would represent public opinion and protect interests of the country. Talking to BBC radio he said that the elected leadership of Pakistan and US know the importance of public opinion more... (BR)

Pakistan and Afghan foreign ministers to meet in New York
Pakistan and Afghanistan foreign ministers will meet later this month in New York on the sidelines of UN General Assembly after Afghan foreign minister telephoned his Pakistani counterpart on Thursday. In response to Afghan Foreign Minister Rangin Dadfar Spanta's proposed re-engagement between Pakistan and Afghanistan on all forums, the two sides agreed to a road map more... (BR)

Gilani, corps commanders endorse Kayani's stand
The government expressed its determination on Thursday to defend the country's borders in the wake of increasing air attacks by US-led forces on tribal areas and American more... (FD)

 
sector Briefing

NetSol Pakistan announces financial result
The NetSol Technologies Limited has registered increase in its revenue by 39.9 per cent, gross profit rose up by 53.6 per cent while its earning per share jumped by 100.7 percent during the financial year 2007-08. The NetSol announced financial results for the year ended June 30, 2008 here Thursday more... (BR)

PSO buys 30,000 tonnes jet fuel
Pakistan State Oil (PSO) has bought by tender 30,000 tonnes of jet fuel for delivery in the next quarter, an industry source said on Thursday. PSO bought the cargoes from BB Energy at a premium of $9.98 a barrel to Middle East jet fuel quotes on a cost-and-freight Karachi basis, higher than the premium of $8.95 fetched in a previous tender for mid-September delivery, he said more... (BR)

OGDCL financial advisor
Oil and Gas Development Company Limited (OGDC) will appoint a financial advisor for shares buy-back arrangements. This was decided by the Board of Directors of OGDC at its meeting held on Thursday. OGDC is the second public sector company after NBP, to buy-back its shares to support the share market at the prescribed level 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