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September 16, 2008 

Statistics
KSE 100 Index
Previous. Index
9,253.92
Current Index
9,233.21
Change %
(0.22)%
YTD ( CY' 08)
(34.41)%
YTD ( FY' 09)
(24.87)%

International Indicates
 
Close
Percentage
BSE-30
13,531.27
(3.35)%
HANGSENG
19,352.90
(0.18)%
NIKKEI 255
12,214.76
0.93%
FTSE
5,204.20
(3.92)%
DJI
10,917.51
(4.42)%
TSX
12,769.58
1.24%
KLSE
1,031.63
(1.19)%

S.C.R.A
13-09-2008
(0.78)
September
(16.45)
YTD
(234.91)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.82%
KIBOR ( 6 months)
13.93%
PIB (10 years)
14.42%

Exchange Rates
Rs/US
76.60
RS/UK
136.36
RS/EURO
108.20
RS/OMAN RIYAL
198.18

commodities
Oil
$92.21/barrel
Oil Change in %
(7.48)%
Gold
$778.80/ounce
Gold Change in %
(1.33)%

Inflation
CPI (YOY)
24.3%
CPI (July)
24.3%
CORE INFTN (YOY)
14.7%
CORE INFTN (July)
14.7%

Economic Indicators
$US Reserves (Billion)
9.10
GDP Growth FY 08E
5.8%
Per Capita Income
$1085
Population
164.34mn
Trade Deficit
$(3.52)bn
Curr. A/C (Jun'08-Jul'08)
$(1.01)bn
Remittances
$1.22bn
Foreign Investment
$0.22 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
51.98/-
51.46/-
Return YTD
11.27%
 
NAV
POAF
11.38
Retun YTD
10.86%

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

Economy

Diesel price up by Rs 3.50, petrol price down by Rs 5
The government on Monday reduced petrol prices by Rs 5 per litre and revised diesel and kerosene prices upward by Rs 3.50 a litre. A formal notification of the new oil prices was issued by Oil and Gas Regulatory Authority (Ogra) late Monday night. The changed prices will be effective from September 16 more... (BR)

Money and energy saving plan discussed
The government is ready to take harsh steps under a national 'money and energy' saving programme basically worked out for judicious use of indigenous available resources to reduce dependence on loans to a possible level. The programme envisages short and long term measures more... (BR)

THE RUPEE: dollar higher
The rupee was sharply lower against dollar in the interbank market on Monday, losing 17 paisa for buying at 76.62 and it also shed 15 paisa for selling at 76.65, money analysts said. Importers' demand for the US currency, pushed the rupee value down and it is most likely that the rupee may continue its downward revision for the near term, they added more... (BR)

 

Rehman dashes off to London to assist Zardari
Rehman Malik, Advisor to the Prime Minister on Interior, has reportedly dashed off to London to assist President Asif Ali Zardari during his meeting with British Prime Minister Gordon Brown. The advisor has files/documentation to support Pakistan's claim that military action by the US is not only alienating the tribal people but also unlikely to achieve any target in war on terror more... (BR)

Pervaiz resigns as Leader of Opposition in NA
Leader of the opposition in the National Assembly Chaudhry Pervaiz Elahi tendered his resignation from the position on Sunday in what was described here as a sudden and unexpected move more... (D)

PPP urged to solve problems of MQM ministers, nazims
Muttahida Qaumi Movement chief Altaf Hussain said on Sunday that nazims and ministers belonging to his party were facing innumerable problems and urged the leadership of the Pakistan People's Party to understand the problems and take just decisions more... (D)

 
sector Briefing

KESC gets new management today
Informed sources told The Financial Daily on Monday that holding group is installing new management team today at Karachi Electric Supply Corporation (KESC). According to details, the new management would be led by Naveed Ismail as the Chief Operating Officer, who holds vast experience in power management and has been working overseas more... (FD)

JSIL announces financial results
JS Investments Limited (JSIL) has announced the financial results for the Management Company and Closed End Funds under management for the fiscal year ended June 30, 2008, said a press release issued here on Monday more... (FD)

Oil companies seek help to ease liquidity crunch
The oil marketing companies (OMCs) are facing a serious liquidity crunch due to the ever increasing Price Difference Claims (PDC), which has increased to Rs 70 billion, sources said. This figure, at the current PDC, is increasing at over Rs 420 million per day, they added. In addition to the above, financial charges incurred by the industry on account of PDC stood at Rs 6.55 billion 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