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September 25, 2008 

Statistics
KSE 100 Index
Previous. Index
9,199.51
Current Index
9,190.75
Change %
(0.10)%
YTD ( CY' 08)
(34.71)%
YTD ( FY' 09)
(25.21)%

International Indicates
 
Close
Percentage
BSE-30
13,692.52
0.90%
HANGSENG
18,961.99
0.50%
NIKKEI 255
12,115.03
0.20%
FTSE
5,095.60
(0.80)%
DJI
10,825.17
(0.27)%
TSX
12,912.99
0.00%
KLSE
1028.40
0.21%

S.C.R.A
23-09-2008
5.78
September
(4.49)
YTD
(222.96)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.11%
KIBOR ( 6 months)
14.15%
PIB (10 years)
14.40%

Exchange Rates
Rs/US
77.90
RS/UK
142.89
RS/EURO
113.09
RS/OMAN RIYAL
204.18

commodities
Oil
$105.90/barrel
Oil Change in %
(1.02)%
Gold
$894.70/ounce
Gold Change in %
(0.93)%

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)
8.91
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
52.11/-
51.59/-
Return YTD
11.28%
 
NAV
POAF
11.41
Retun YTD
11.03%

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

Economy

Floor mechanism to be reviewed today
The Board of Directors of Karachi Stock Exchange (KSE) will review the floor mechanism on share prices in its meeting being held here on Thursday afternoon (today). The floor mechanism was placed on August 27 closing level of 9,144 to save the market participants from further losses, as the market was under heavy selling pressure and the KSE-100 index had declined by over 41 percent from its all time high level of 15,676 points more... (BR)

CFS rate rises to three-year high
Despite declining trend in the CFS investment, a modified version of traditional badla on the Karachi share market by 73 percent, the average CFS rates have increased sharply to three-year high level of 26 percent. The CFS rates for some companies, including Arif Habib Securities Limited, NIB Bank have also touched 50 percent mark more... (BR)


Interest rates on saving schemes increased
The Central Directorate of National Savings (CDNS) has increased interest rates on different saving schemes from October 1. It is learnt on Wednesday that interest rate of Regular Saving Certificates has been raised from 11.52 to 13.30 percent and Special Saving Certificates from 11.25 to 12.8 percent. The enhanced interest rates would be applicable on new investments and schemes more... (BR)

 

Zardari emphasises broad-based strategy to combat terror
Calling anti-terrorism fight a tough challenge, President Asif Ali Zardari on Wednesday said he is endeavouring to secure international and regional support on taking forward the struggle holistically with a simultaneous thrust on political more... (BR)

I won't ask US for economic package: Zardari
President Asif Ali Zardari on Wednesday said that he would not ask the United States for any economic package as his visit to the United States of America was not a state visit and he was here only to represent the country at the United Nations General Assembly more... (BR)

 
sector Briefing

Kaleem Siddiqui made PSO managing director
Kaleem Sidduqi has been appointed as the Managing Director (MD) of Pakistan's largest oil marketing company - Pakistan State Oil (PSO), it is learnt. The newly appointed MD will replace Muhammad Abdul Aleem, who had tendered his resignation from the post recently. Kaleem Siddiqui was serving as Executive Director (Customer Services) in PSO. The new MD is expected to take charge of his office on October 08, 2008 more... (BR)

PTCL suffers Rs 2.824 billion after tax loss
Pakistan Telecommunication Company Limited (PTCL) has
declared an after tax loss of Rs 2.824 billion in the year ended June 30, 2008 as compared to after tax profit of Rs 15.638 billion in the corresponding period in FY07. The company's per share loss was recorded at Re. 0.55 in the period under review against the per share earning of Rs 3.07 in the same period last year more... (BR)

Moody’s downgrades 4 lenders: MCB, HBL, NBP, UBL rated down
Moody's Investors Service has changed the outlook on the B3 long-term foreign currency deposit ratings of four Pakistani banks to negative from stable 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