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September 18, 2008 

Statistics
KSE 100 Index
Previous. Index
9,223.77
Current Index
9,216.23
Change %
(0.08)%
YTD ( CY' 08)
(34.53)%
YTD ( FY' 09)
(25.00)%

International Indicates
 
Close
Percentage
BSE-30
13,380.56
(1.89)%
HANGSENG
17,637.19
(3.63)%
NIKKEI 255
11,749.79
1.21%
FTSE
4,912.40
(2.25)%
DJI
10,609.66
(4.06)%
TSX
12,769.58
1.24%
KLSE
1,002.99
(0.93)%

S.C.R.A
16-09-2008
3.14)
September
(13.55)
YTD
(232.01)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.89%
KIBOR ( 6 months)
13.99%
PIB (10 years)
14.40%

Exchange Rates
Rs/US
77.10
RS/UK
137.08
RS/EURO
109.10
RS/OMAN RIYAL
198.18

commodities
Oil
$97.36/barrel
Oil Change in %
3.29%
Gold
$878.00/ounce
Gold Change in %
11.82%

Inflation
CPI (YOY)
25.3%
CPI (July)
15.1%
CORE INFTN (YOY)
16.4%
CORE INFTN (July)
10.0%

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)
$(2.57)bn
Remittances
$1.22bn
Foreign Investment
$0.22 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
52.00/-
51.48/-
Return YTD
11.20%
 
NAV
POAF
11.39
Retun YTD
10.90%

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

Economy

Current account deficit widens to $2.5 billion in July-August
The country's current account deficit widened by 64 percent to 2.5 billion dollars during July-August of current fiscal year mainly due to slowdown in exports and rising trade deficit, besides slow foreign inflows more... (BR)

Oil rises on US stock draw, Ike
Oil rose on Wednesday after US data showed a sharp draw in inventories due to Hurricane Ike and concerns about the restart of offshore rigs hit by the storm more... (FD)

THE RUPEE: dollar at record high on interbank market
The rupee touched the record low level against dollar in the interbank market on Wednesday, losing 35 paisa for buying at Rs 77.30 and it also lost 40 paisa for selling 77.40, dealers said. During the day, the rupee touched the record low at 77.55 due to import payments, weak economic fundamentals and concern over tensions between Pakistan and the United States, they said more... (BR)

 

Nisar is now Leader of Opposition in NA
Chaudhry Nisar Ali Khan, parliamentary leader of the Pakistan Muslim League-N, was appointed on Wednesday Leader of the Opposition in the National Assembly more... (D)

Zardari and Gilani condemn US strikes
President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani held a crucial meeting to discuss the current political situation and the US strikes in Pakistani areas bordering Afghanistan. The President and the Prime Minister held an emergency meeting after the US missile attack in South Waziristan on a suspected Taliban hideout on Wednesday more... (BR)

Opposition's views must be respected: Sherry
The challenge before the government is to strengthen institutions, which could not be achieved in the absence of political and democratic stability. This was stated by the Federal Minister for Information and Broadcasting Sherry Rehman on Wednesday while addressing the inaugural session of Youth Parliament Pakistan 2008-09 more... (BR)

 
sector Briefing

Abraj's deal with Al Jamia cleared
The special committee headed by Finance Minister Syed Naveed Qamar on Wednesday cleared Abraj Capital's deal with Al Jamia Group of Saudi Arabia for buying of its shares in Karachi Electric Supply Company (KESC). One of the participants of the meeting told Business Recorder that the deal would be presented to ECC probably in next meeting for approval more... (BR)

Textile export swells 2.5pc in August
Country's textile exports have surged by mere 2.5 per cent in August 2008, despite the fact that national currency has fallen to record levels against dollar, the data released by State Bank of Pakistan (SBP) revealed on Wednesday more... (FD)

Gas companies seek increase in tariff
The Sui Northern Gas Pipelines and the Sui Southern Gas Company have sought an immediate increase in gas tariffs to meet revenue shortfalls more... (D)

 

(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