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October 14, 2008 

Statistics
KSE 100 Index
Previous. Index
9,181.35
Current Index
9,184.24
Change %
0.03%
YTD ( CY' 08)
(34.75)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
11,309.09
7.42%
HANGSENG
16,312.16
10.02%
NIKKEI 255
8,276.43
(9.60)%
FTSE
4,256.90
8.26%
DJI
9,387.61
11.08%
TSX
9,065.16
(5.57)%
KLSE
950.76
1.79%

S.C.R.A
10-10-2008
2.96
October
(0.89)
YTD
(233.59)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.82%
KIBOR ( 6 months)
14.88%
PIB (10 years)
14.47%

Exchange Rates
Rs/US
79.80
RS/UK
139.86
RS/EURO
109.07
RS/OMAN RIYAL
207.87

commodities
Oil
$83.20/barrel
Oil Change in %
4.60%
Gold
$849.60/ounce
Gold Change in %
(2.04)%

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
$(5.52)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
52.44/-
51.91/-
Return YTD
11.54%
 
NAV
POAF
10.58
Retun YTD
-

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

Economy

Tareen hopes to bridge $4 billion gap
Adviser to Prime Minister on Finance Shaukat Tareen on Monday ruled out the possibility of the country defaulting on its international payment commitments and voiced the confidence to bridge the financing gap of $3 to 4 billion in a year more... (BR)

SBP moves to end liquidity crunch
The State Bank of Pakistan on Monday night suddenly took some new measures to end the liquidity crunch in the money market by allowing banks to use "Held to Maturity" securities for borrowing under Repo and discount window, besides extending the limit of Time and Demand Liabilities in SLR from 5 percent to 10 percent more... (BR)

Banks, mutual funds assure liquidity
The banks and mutual funds have assured Security and Exchange Commission of Pakistan (SECP) and National Clearing Company Ltd that they will continue to provide liquidity to the market under their current CFS commitments more... (BR)

Floor to be removed in two weeks after final nod: MD KSE
Floor mechanism which is in place at the Karachi Stock Exchange will be removed in two weeks. The banks and mutual funds have assured Securities and Exchange Commission of Pakistan (SECP) and National Clearing Company of Pakistan Limited (NCCPL) that they will continue to provide funds to the market under their current CFS commitments more... (FD)

 

Cabinet panel suggests drastic changes in FCR
A cabinet committee has recommended drastic changes in the Frontier Crimes Regulations, including allowing the right of appeal against actions of political agents or district coordination officers in some tribal regions, Dawn has learnt more... (D)

Zardari leaves for China today
Pakistan and China will sign several memorandums of understanding (MoUs) pertaining to trade, counter terrorism, commerce, industrial development, banking, power and financial sectors during a four-day visit of more... (D)

PML-N wants military operation halted
The Pakistan Muslim League-N has called for an immediate end to the military operation in tribal areas and said it would give its suggestions on the so-called war more... (D)

 
sector Briefing

SNGPL issues load shedding notices to industrial units
Sui Nothern Gas Pipeline Limited (SNGPL) is all set to stop gas supply to the industrial units in NWFP on the account of annual maintenance, sources in industrial sector told Business Recorder on Monday. "SNGPL has issued notices to industrial units in Hayatabad Industrial Estate for stoppage of gas supply from today (Tuesday), confirmed Nauman Wazir, president Industrialists Association Peshawar (IAP) when contacted more... (BR)

KESC accused of switching off generators to save fuel
While the city is experiencing an acute electricity shortage and the resultant hours-long power outages, Karachi Electric Supply Company sometimes turns off its generators to save the fuel 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