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September 17, 2008 

Statistics
KSE 100 Index
Previous. Index
9,233.21
Current Index
9,223.77
Change %
(0.10)%
YTD ( CY' 08)
(34.48)%
YTD ( FY' 09)
(24.94)%

International Indicates
 
Close
Percentage
BSE-30
13,518.80
(0.09)%
HANGSENG
18,300.61
(5.44)%
NIKKEI 255
11,609.72
(4.95)%
FTSE
5,025.60
(3.43)%
DJI
11,059.02
1.30%
TSX
12,254.03
(4.03)%
KLSE
1,012.37
(1.87)%

S.C.R.A
15-09-2008
(0.25)
September
(16.69)
YTD
(235.15)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.86%
KIBOR ( 6 months)
13.97%
PIB (10 years)
14.42%

Exchange Rates
Rs/US
76.80
RS/UK
136.28
RS/EURO
107.93
RS/OMAN RIYAL
198.18

commodities
Oil
$94.26/barrel
Oil Change in %
2.2%
Gold
$785.20/ounce
Gold Change in %
0.82%

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
51.99/-
51.47/-
Return YTD
11.27%
 
NAV
POAF
11.38
Retun YTD
10.84%

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

Economy

GDP growth likely to drop to 4.5 percent: ADB
Pakistan GDP growth is expected to decrease to 4.5 percent in the current financial year against 5.8 percent achieved in the last fiscal year, as the country would continue to face the deteriorated state of economic fundamentals and inflationary pressures, says a report of Asian Development Bank (ADB) more... (BR)

THE RUPEE: dollar hits again 77 mark
Sharp erosion was seen in the rupee's value against dollar in the interbank market on Tuesday, shedding 33 paisa for buying and 35 paisa for selling at 76.95 and 77.00, currency dealers said. The sharp rise in dollar demand indicating that it may cross the level of 77.20 mark in the coming days, they said more... (BR)

August oil import bill turns out 140pc bulkier
Country's oil import bill ballooned by 140 per cent to $1.40 billion during the second month of current fiscal year as compared to $586 million in the corresponding period of the previous year, the data released by State Bank of Pakistan (SBP) revealed here on Tuesday more... (FD)

 

UK supports Pakistan's strategy to fight terrorism: Straw
British Prime Minister Gordon Brown and Pakistan President Asif Ali Zardari will discuss ways and means to counter insurgency in tribal areas bordering Afghanistan as Britain strongly supports the strategy being adopted by the new democratic government of Pakistan to rid the western border of this menace more... (BR)

Fazl elected chairman of NA's Kashmir committee
Jamiat Ulema-i-Islam chief Maulana Fazlur Rehman was elected chairman of the Kashmir committee of the National Assembly at a meeting of the committee held at the Parliament House on Tuesday more... (D)

Pervaiz seeks Understanding with PML-N
The resignation of Chaudhry Pervaiz Elahi as the opposition leader in the National Assembly is a “hint from the hardliner Chaudhry” that things could move between the two more... (D)

 
sector Briefing

PPL set to start drilling in Dhadar; CM assures security
The Balochistan govt and exploration company's officials in a meeting held in Dhadar have finalized the arrangements for commencing oil and gas exploitation in Dhadar and reviewed the overall security arrangements for the exploration more... (FD)

KESC board appoints new chief executive officer
The Board of Karachi Electric Supply Company (KESC) has appointed Naveed Ismail as its Chief Executive Officer, backed by a new leadership team of more than 40 senior managers, with the objective of transforming Karachi's sole power provider. These world-class professionals will supplement key management personnel already in place at KESC, who will be retained and integrated into the team more... (BR)

Rotary inks accord with SCBPL
Rotary, a worldwide organisation of more than 1.2 million business, professionals and community leaders has signed an agreement with Standard Chartered Bank Limited for national collection service process flow. The agreement will facilitate Rotary members to deposit their contribution towards Rotary International and Rotary Foundation directly more... (FD)

 

(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