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September 15, 2008 

Statistics
KSE 100 Index
Previous. Index
9,263.39
Current Index
9,253.92
Change %
(0.10)%
YTD ( CY' 08)
(34.26)%
YTD ( FY' 09)
(24.70)%

International Indicates
 
Close
Percentage
BSE-30
14,000.81
(2.26)%
HANGSENG
19,352.90
(0.18)%
NIKKEI 255
12,214.76
0.93%
FTSE
5,416.70
1.85%
DJI
11,421.99
(0.10)%
TSX
12,769.58
1.24%
KLSE
1,044.03
0.28%

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)
13.81%
KIBOR ( 6 months)
13.93%
PIB (10 years)
14.42%

Exchange Rates
Rs/US
76.75
RS/UK
137.74
RS/EURO
109.26
RS/OMAN RIYAL
199.69

commodities
Oil
$99.67/barrel
Oil Change in %
(1.83)%
Gold
$788.70/ounce
Gold Change in %
(4.62)%

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
164.32mn
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
51.94/-
51.42/-
Return YTD
11.15%
 
NAV
POAF
11.37
Retun YTD
10.81%

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

Economy

Pakistan out of default risk
Pakistan is out of any default risk, as reduction in oil prices in the world market and cut in subsidy have provided it much room to manage its foreign liabilities comfortably. This was a message from the Secretary of Economic Affairs Division (EAD), Furrukh Qayyum, for economists who met here the other day more... (BR)

THE RUPEE: rates move both ways
The rupee moved both ways on the currency market during the week ended on September 13, 2008. In the interbank market, the rupee stayed put against dollar for buying at 76.45 and shed five paisa for selling at 76.55 more... (BR)

Crude oil at six-month lows
Crude oil futures slid to six-month lows below $100 this week and many other commodities fell as the dollar rallied and surveys pointed to lower demand for raw materials amid an economic slowdown more... (D)

 

Zardari to discuss al Qaeda conflict in UK
President Asif Ali Zardari will discuss the conflict with Taliban and al Qaeda militants in the northern tribal areas with British leaders this week, officials said Sunday. Zardari will meet British Prime Minister Gordon Brown on Tuesday though he is on a private visit for his daughter's admission to university more... (BR)

Zardari and Gilani vow to defend Pakistan
Pakistan vowed on Sunday to defend itself against violations of its air space and incursions by US forces in Afghanistan. Prime Minister Yousuf Raza Gilani telephoned newly-elected President Asif Ali Zardari late Saturday to discuss the strikes, a statement said Sunday more... (BR)

Elahi steps down as opposition leader
Pakistan Muslim League-Q Punjab President and former chief minister Chaudhry Pervez Elahi has quit the office of the Leader of the Opposition in the National Assembly and faxed his resignation to NA Speaker Dr Fehmida Mirza more... (BR)

 
sector Briefing

Govt to encourage low-cost vehicles
Prime Minister Syed Yousuf Raza Gilani has said that his government will facilitate the manufacturing of low-cost vehicles more... (BR)

Micro Finance scheme for cottage industries planned
Punjab government would soon initiate a 'Micro Finance' scheme with an amount of Rs 1 billion during current fiscal period for the development of cottage industries in the province more... (BR)

PSIC completes industries' survey in Punjab
Chief Minister's Task Force for Industrial Development and SME Chairman, Yawar Irfan Khan has said that Punjab Small Industries Corporation (PSIC) has completed the survey of industries in Punjab. This survey has been conducted with the co-operation of relevant chambers of commerce and industry, district governments and other concerned departments 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