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September 22, 2008 

Statistics
KSE 100 Index
Previous. Index
9,202.31
Current Index
9,200.60
Change %
(0.01)%
YTD ( CY' 08)
(34.64)%
YTD ( FY' 09)
(25.13)%

International Indicates
 
Close
Percentage
BSE-30
14,042.32
5.46%
HANGSENG
19,327.73
9.61%
NIKKEI 255
11,920.86
3.76%
FTSE
5,311.30
8.84%
DJI
11,388.44
3.35%
TSX
12,912.99
7.03%
KLSE
1025.70
3.43%

S.C.R.A
19-09-2008
1.38
September
(5.90)
YTD
(224.36)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
11.47%
KIBOR ( 3 months)
13.97%
KIBOR ( 6 months)
14.03%
PIB (10 years)
14.40%

Exchange Rates
Rs/US
77.40
RS/UK
141.16
RS/EURO
111.70
RS/OMAN RIYAL
198.18

commodities
Oil
$104.40/barrel
Oil Change in %
6.85%
Gold
$873.00/ounce
Gold Change in %
2.46%

Inflation
CPI (YOY)
25.3%
CPI (Jul-Aug)
24.8%
CORE INFTN (YOY)
16.4%
CORE INFTN (Jul-Aug)
15.5%

Economic Indicators
$US Reserves (Billion)
9.10
GDP Growth FY 09E
5.8%
Per Capita Income
$1085
Population
164.36mn
Trade Deficit
$(3.52)bn
Curr. A/C (Jul'09-Aug'09)
$(2.57)bn
Remittances
$1.22bn
Foreign Investment
$0.64 bn
Bank Deposits
(Jan, 19,08)
Rs.3,699. bn

International Indicates
 
Offer
Redemption
POBOP
52.05/-
51.53/-
Return YTD
11.23%
 
NAV
POAF
11.40
Retun YTD
10.95%

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

Economy

IMF advises government to formulate aid-free economic plan
Pakistan has been advised to formulate an economy stabilisation programme, which is not dependent on external financing, it is reliably learnt. In the ongoing technical engagement with the team of the International Monetary Fund (IMF) last week, the visiting Fund experts were of the opinion that raising of POL prices, electricity and gas tariff and reducing subsidy in the budget were not enough to overcome the economic crisis being faced more... (BR)

THE RUPEE: sharp decline
The rupee, as a result of higher demand for dollars, again came under pressure against the US currency in both interbank and open markets during the week ended on September 20, 2008. In the interbank, the rupee lost 72 paisa against dollar for buying at 78.10 and 85 paisa for selling at 78.20 more... (BR)

Present government to reduce budgetary deficit: chief executive TDAP
Present regime would succeed in reducing the budgetary deficit by imposing heavy duty on luxury items, unproductive items and big cars, however, previous regime did not care for the imports nor increased the exports to maintain the balance more... (BR)

 

PM’s House was target of terrorists, says Gilani
Prime Minister Syed Yousuf Raza Gilani has said that the target of the suicide bomber who blew up an explosive-laden truck near the Marriott Hotel on more... (D)

US leaders urge Pakistan to intensify war on terror
US leaders — from President George W. Bush to this year’s presidential candidates — have all urged Pakistan to intensify its fight against the terrorists while condemning Saturday’s deadly blast that killed at least 53 people in Islamabad more... (D)

Zardari in London on way to UN
President Asif Ali Zardari who arrived here on Sunday afternoon by a British Airways flight is scheduled to fly early on Monday morning to New York more... (D)

 
sector Briefing

Pepco seeks 96 paisa per unit further raise
The Pakistan Electric Power Company (Pepco) has sought a further 96 paisa per unit increase in power tariff of Discos to cover the gap of RS 60 billion in 2008-09--a gap attributed to delay in issuance of tariff notifications and litigation against Lahore Electric Supply Company (Lesco) in Lahore High Court, sources in Finance Ministry told Business Recorder more... (BR)

Offshore investors buy $10.54mn equities Ghulam Raza Rajani
According to the latest State Bank update equity markets witnessed a net inflow of $10.54 million this week, thanks to index-floor, while the cumulative net outflow of portfolio investment during July-September 19, 2008 reached $224.36 million more... (FD)

DG Khan Cement posts loss
DG Khan Cement has posted a net loss of Rs 53.230 million in the year ended June 30, 2008 against a net profit of Rs 1,622.471 million in the corresponding period last year. The company recorded per share loss of Re. 0.21 in the period under review against an earning per share of Rs 6.43 in the same period last year 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