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October 10, 2008 

Statistics
KSE 100 Index
Previous. Index
9,178.73
Current Index
9,181.35
Change %
0.02%
YTD ( CY' 08)
(34.77)%
YTD ( FY' 09)
(25.28)%

International Indicates
 
Close
Percentage
BSE-30
11,328.36
(3.14)%
HANGSENG
15,943.24
3.30%
NIKKEI 255
9,157.49
(0.50)%
FTSE
4,313.80
(1.20)%
DJI
8,579.19
(7.33)%
TSX
10,056.31
2.30%
KLSE
968.89
(0.13)%

S.C.R.A
08-10-2008
(0.40)
October
(2.52)
YTD
(237.01)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.82%
KIBOR ( 6 months)
14.94%
PIB (10 years)
14.41%

Exchange Rates
Rs/US
79.90
RS/UK
136.23
RS/EURO
107.90
RS/OMAN RIYAL
206.25

commodities
Oil
$89.71/barrel
Oil Change in %
(8.24)%
Gold
$919.00/ounce
Gold Change in %
1.63%

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)
8.32
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
(Sept 20, 08)
Rs.3,767. bn

International Indicates
 
Offer
Redemption
POBOP
52.37/-
51.84/-
Return YTD
-
 
NAV
POAF
10.57
Retun YTD
-

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

Economy

Banks import dollar bills to meet panic withdrawals
Banks have imported a big consignment of cash US dollars in order to meet a sudden surge in panic withdrawals, according to well-placed banking and government sources. Unlike prior to 1998, banks now do not surrender their forex deposits to the State Bank of Pakistan and instead keep these funds abroad with corresponding banks or their head offices in case of foreign bank branches more... (BR)

Pakistan's foreign exchange reserves rise $190 million to $8.32 billion: SBP
Pakistan's foreign reserves rose $190 million to $8.32 billion in the week that ended on October 4 from the previous week, the central bank said on Thursday. The State Bank of Pakistan said its own reserves rose to $4.87 billion from $4.68 billion previously, while those held by commercial banks were flat at $3.45 billion more... (BR)

CFS rates hit all-time high of 62.87 percent
The average CFS rates on Thursday hit all-time high level of 62.87 percent, despite declining trend in the CFS investment at the local share market. The CFS rates for some companies including Arif Habib Securities Limited have touched 100 percent mark also. Despite a declining trend in the CFS investment, a significant increase in the rates is being witnessed during the last few months more... (BR)

 

No consensus in sight on terror war policy: Joint session to resume on Monday
If the government aims at creating a national consensus on its strategy in the “war on terror” through the joint session of parliament, it seems to have failed more... (D)

Attaur Rehman to resign
Higher Education Commission (HEC) chairman Dr Attaur Rehman has decided to step down and send his resignation to the Prime Minister Secretariat more... (D)

MPs shoot tough queries at DG MO in Q&A session Briefing a new chapter in the democracy of Pakistan: Sherry
In-camera joint session of the Parliament continued for the second day in the Parliament House, Thursday. Dr Fehmida Mirza, Speaker National Assembly chaired the session. The session continued for 4-hours and 20-minutes more... (FD)

 
sector Briefing

Average increase in KESC tariff is 31 percent: Wapda
The Ministry of Water And Power on Thursday clarified that the average increase of 31 percent has been made in power tariff for Karachi Electric Supply Corporation (KESC) consumers. The ministry said that the average increase was made as per automatic tariff adjustment, Nepra had given two quarterly adjustments one for January-March, 2008 and the other for April-June, 2008 on account of fuel cost more... (BR)

POL posts Rs 8.616 billion net profit for fiscal year 2008
The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 8.616 billion in the year ended June 30, 2008 as compared to Rs 5.939 billion earned in the corresponding year. The company's earning per share surged to Rs 43.71 in the period under review against Rs 30.13 in the same period last year more... (BR)

ARL earns Rs 6.147 billion in fiscal year 2008
The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 6.147 billion in the year ended June 30, 2008 as compared to Rs 748.985 million earned in the corresponding period a year back. The company's earning per share surged to Rs 86.49 in the period under review against Rs 10.54 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