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October 07, 2008 

Statistics
KSE 100 Index
Previous. Index
9,179.68
Current Index
9,178.97
Change %
(0.01)%
YTD ( CY' 08)
(34.78)%
YTD ( FY' 09)
(25.30)%

International Indicates
 
Close
Percentage
BSE-30
11,827.68
(5.58)%
HANGSENG
16,803.76
(5.00)%
NIKKEI 255
10,473.09
(4.25)%
FTSE
4,589.20
(7.85)%
DJI
9,955.50
(3.58)%
TSX
10,230.43
(5.30)%
KLSE
996.84
(1.95)%

S.C.R.A
30-09-2008
(1.94)
September
(16.02)
YTD
(234.48)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.75%
KIBOR ( 6 months)
14.80%
PIB (10 years)
14.40%

Exchange Rates
Rs/US
78.10
RS/UK
134.91
RS/EURO
104.55
RS/OMAN RIYAL
204.70

commodities
Oil
$88.88/barrel
Oil Change in %
(3.39)%
Gold
$864.20/ounce
Gold Change in %
3.50%

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)
8.13
GDP Growth FY 09E
5.8%
Per Capita Income
$1085
Population
164.50mn
Trade Deficit
$(3.52)bn
Curr. A/C (Jul'08-Aug'08)
$(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
52.32/-
51.79/-
Return YTD
11.32%
 
NAV
POAF
10.56
Retun YTD
-

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

Economy

'Outlook negative': S&P lowers foreign currency rating
Standard & Poor's Ratings Services said on Monday its lowered its long-term foreign currency sovereign credit rating on the Islamic Republic of Pakistan to 'CCC+' from 'B' and its long-term local currency rating to 'B-' from 'BB-'. At the same time, we lowered our short-term rating on the sovereign to 'C' from 'B'. The outlook on the long-term rating is negative more... (BR)

FBR collects Rs 253.33 billion revenue during first quarter
The Federal Board of Revenue (FBR) has collected Rs 253.33 billion revenue during the first quarter (July-September) of 2008-09 as against the target of Rs 250.80 billion, reflecting an increase of one percent more... (BR)

Overnight rate drops to 27 percent from 40 plus percent
The interbank overnight rate dropped to 27 percent from 40 plus percent on injection of Rs 53 billion by the State Bank of Pakistan and the release of Rs 25 billion to oil marketing companies on Monday more... (BR)

 

Bhakkar suicide blast kills 22, injures PML-N MNA
A suicide bomber killed 22 people and wounded a Pakistani opposition politician on Monday in the latest attack to underscore the threat posed by Taliban and al Qaeda militants. The attacker blew himself up in a crowd of people at the house more... (BR)

US supports Taliban return to power
The United States said on Monday it’s “very supportive” of an Afghan reconciliation effort that could bring the Taliban back into the government in Kabul after severing their ties with Al Qaeda more... (D)

ANP airs misgivings about anti-terror war seriousness
The Awami National Party has sought assurances from the political and military leadership about their seriousness in the fight against terrorism more... (D)

 
sector Briefing

PPIB rejects Pepco supply and demand projections
Private Power Infrastructure Board (PPIB) has rejected Pakistan Electric Power Company's (Pepco) supply and demand projections, terming them as highly 'ambitious and unrealistic' and constituted a four-member committee to work out an achievable target to help the government overcome the worsening power crisis more... (BR)

Fall in oil, gas reserves
The country's oil and gas reserves fell by 7.6 percent and 8 percent on year-on-year basis respectively in FY08 as the original recoverable reserves of some key fields were slightly revised down by their respective operators more... (BR)

KSE buys time for ‘floor’ removal
Shaukat Tarin, the man tipped to be the advisor-in-waiting on finance to the prime minister, said on Monday that given the option, he would leave the stock market to itself 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