BasedLine
LOGO
September 26, 2008 

Statistics
KSE 100 Index
Previous. Index
9,190.75
Current Index
9,184.15
Change %
(0.07)%
YTD ( CY' 08)
(34.75)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
13,547.18
(1.06)%
HANGSENG
18,934.43
(0.20)%
NIKKEI 255
12,006.53
(0.90)%
FTSE
5,197.02
1.99%
DJI
11,022.06
1.82%
TSX
12,912.99
0.00%
KLSE
1024.74
(0.35)%

S.C.R.A
24-09-2008
(3.76)
September
(8.26)
YTD
(226.72)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.11%
KIBOR ( 6 months)
14.18%
PIB (10 years)
14.41%

Exchange Rates
Rs/US
78.00
RS/UK
142.50
RS/EURO
113.35
RS/OMAN RIYAL
204.42

commodities
Oil
$106.69/barrel
Oil Change in %
0.74%
Gold
$884.20/ounce
Gold Change in %
(1.17)%

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)
8.82
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
52.13/-
51.61/-
Return YTD
11.29%
 
NAV
POAF
11.41
Retun YTD
11.03%

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

Economy

World Bank pledges $1.337 billion support
World Bank President Robert Zoellick has assured President Asif Ali Zardari of the financial institution commitment to Pakistan's development, informing him that 1.337 billion dollars new programmes are in pipeline in the current year. Zoellick said the World Bank-funded programme in the pipeline this year included sectoral investment such as energy, water, infrastructure etc more... (BR)

Saudi Arabia to provide $300 million more for urea purchase
Saudi Arabia has accepted Pakistan's request for an additional credit facility of 300 million dollars for the purchase of urea. Saudi Arabia has already agreed to provide a credit facility of 258 million dollars for the same purpose. The government of Saudi Arabia will provide 150,000 tonnes of urea fertilisers to meet the domestic consumption of the commodity more... (BR)

Floor stays; KSE BoD to meet after eid
Floor placed on Karachi Stock Exchange‘s benchmark 100-Index would stay till a market rescue package, the KSE board of directors decided in a meeting on Thursday. "We are in discussions with the Ministry of Finance and State Bank to resolve the issue and raise a rescue package for the market, this may take at least 7-10 days" said Shehzad Chamdia, Director KSE while talking to The Financial Daily more... (FD)

 

Pakistan's sovereignty should not be violated: Zardari
Pakistan will not allow its sovereignty to be violated by its allies, President Asif Ali Zardari warned on Thursday said the UN General Assembly. "Just as we will not let Pakistan's territory to be used by terrorists for attacks against our more... (BR)

'Fight against terrorism must be multi-faceted': economically viabale Pakistan will be a secure Pakistan, says Zardari
President Asif Ali Zardari has said that fight against extremism can't be won only by guns and bombs and battleground must be economic and social as well as military. This is what he is expected to say at the 63rd session of the United Nations General Assembly here on Thursday more... (BR)

Zardari discusses assistance, terror issues with Rice
President Asif Ali Zardari and US Secretary of State
Condoleezza Rice on Thursday discussed issues of national importance including war on terror which has created misunderstanding between the two countries more... (BR)

 
sector Briefing

SECP issues Draft Group Companies Registration Regulations-2008: companies provided framework to avail tax relief
The Securities and Exchange Commission of Pakistan (SECP) would make it mandatory for the holding companies, which intended to avail income tax relief based on group income/losses, to obtain prior designation 'as a group' from the commission more... (BR)

Hazara Phosphate attracts highest bid of Rs1.34bn
The Pak-American Fertilisers Limited (PAFL) offered on Thursday
the highest bid of Rs1.206 billion to purchase 90 per cent stakes and management control of the Hazara Phosphate Fertilisers Limited (HPFL) at the rate of Rs70 per share more... (BR)

OGDCL board defers decision to buyback company's shares
The Oil and Gas Development Company Limited (OGDCL) board has put on hold a decision to buyback the company's shares on the pretext that it was a very important issue, which needs to be taken up by the new board 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