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September 29, 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
13,102.18
(3.28)%
HANGSENG
18,682.09
(1.33)%
NIKKEI 255
11,893.16
(0.94)%
FTSE
5,088.50
(2.09)%
DJI
11,143.13
1.10%
TSX
12,126.00
(3.35)%
KLSE
1,020.53
(0.41)%

S.C.R.A
26-09-2008
(4.73)
September
(14.33)
YTD
(232.80)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.23%
KIBOR ( 6 months)
14.28%
PIB (10 years)
14.41%

Exchange Rates
Rs/US
78.17
RS/UK
144.21
RS/EURO
114.26
RS/OMAN RIYAL
203.74

commodities
Oil
$105.83/barrel
Oil Change in %
(0.80)%
Gold
$880.40/ounce
Gold Change in %
(0.43)%

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
52.16/-
51.64/-
Return YTD
11.30%
 
NAV
POAF
11.42
Retun YTD
10.87%

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

Economy

Moody’s scares $2.8mn out of boursesGhulam Raza Rajani
Flight of portfolio investment continued during the week as bourses saw an outflow of $2.8 million after Moody's Investors Services issued a negative outlook for Pakistan government bonds & currency more... (FD)

Government focusing on achieving export target of $22.1 billion
The government is focusing on the diversified sectors to achieve the export target of US $22.1 billion set for the current financial year. Sources told agency that a series of steps have been taken to boost exports of pharmaceutical items, gems and stones, furniture and herbal medicines more... (BR)

Oil lower on doubts about US bailout plan
Oil settled more than $1 lower on Friday, with trading volatile due to uncertainty about a bailout package for the US financial sector after talks between US politicians stalled more... (FD)

 

Fighting terrorism: all government institutions are united, says Zardari
President Asif Ali Zardari said in an interview on Sunday that all government institutions are united in fighting terrorism and urged the United States to step up intelligence co-operation with Islamabad to pursue any terrorists that may be hiding on the Pakistani side of the Afghan border more... (BR)

Palin endorses cross-border raids inside Pakistan
Republican vice-presidential candidate Sarah Palin has endorsed cross-border raids by US troops inside Pakistani areas to prevent terrorists from crossing the border into Afghanistan. Palin made a stop last night at Tony Luke's, an outdoor cheese-steak joint in South Philly, where she had dinner with her daughter Willow and chatted with the customers more... (BR)

Tribesmen fully supporting army: Kyani
On return from China's visit, Chief of Army Staff General Ashfaq Parvez Kayani on Sunday visited Bajaur to meet commanders and troops engaged in the ongoing operations. According to an ISPR press release, he also met with local tribesmen of the area more... (BR)

 
sector Briefing

Pepco is facing 1500MW shortfall
The director general of the Pakistan Electric Power Company, Tahir Basharat Cheema, said on Sunday that the company was experiencing a power shortfall of 1500MW which was being overcome by load-shedding more... (D)

Protest against Qadirpur gas field privatisation
The large number of employees of Oil and Gas Development Corporation (OGDC) staged a protest demonstration against the proposed privatisation of Qadirpur gas field, in Garhi Khuda Bux here on Sunday. The protesters, led by Mukhtiyar Moriyo staged demonstration outside mausoleum of Benazir Bhutto. They chanted slogans against the privatisation of gas field more... (BR)

IT exports can cross $220mn if power crisis ends
IT exports can cross $220mn if power crisis endsISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Muhammad Ijaz Abbasi, has urged the government to focus on further developing and promoting IT industry as this industry is emerging one of the most promising sectors of Pakistan's economy 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