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October 15, 2008 

Statistics
KSE 100 Index
Previous. Index
9,184.24
Current Index
9,184.24
Change %
0.00%
YTD ( CY' 08)
(34.75)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
11,483.40
1.54%
HANGSENG
16,832.88
3.20%
NIKKEI 255
9,447.57
14.20%
FTSE
4,394.20
3.23%
DJI
9,310.99
(0.82)%
TSX
9,065.16
(5.57)%
KLSE
966.06
1.61%

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)
14.80%
KIBOR ( 6 months)
14.85%
PIB (10 years)
14.48%

Exchange Rates
Rs/US
79.80
RS/UK
140.62
RS/EURO
109.41
RS/OMAN RIYAL
197.67

commodities
Oil
$78.10/barrel
Oil Change in %
(2.13)%
Gold
$846.50/ounce
Gold Change in %
(0.36)%

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
52.46/-
51.93/-
Return YTD
11.51%
 
NAV
POAF
10.58
Retun YTD
11.30%

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

Economy

July-September remittances up over 25 percent
Remittances continued to present a healthy growth of 25.22 percent during the first quarter of current fiscal year. Remittances sent home by overseas Pakistanis increased to $1.879 billion in the first quarter (July-September, 2008) of the current fiscal year 2008-09 as against the some $1.5012 billion sent during the same period of last fiscal year, showing an increase of $378.61 million more... (BR)

Outstanding CFS maturity extended to 44 days: floor to be removed on October 27
The floor mechanism set on share prices will be removed from October 27, 2008 and normal trading parameters of five percent upper and lower circuit breakers will be imposed from the said day onwards more... (BR)

SBP stops dollars supply at notional rate
The State Bank of Pakistan (SBP) has stopped the supply of dollars to the exchange companies at notional rate, which raised the dollar at peak level of Rs 83 in open market during intraday trading, market sources told Business Recorder on Tuesday more... (BR)

KSE to remove ‘floor’ on 27th
The Board of directors of the Karachi Stock Exchange (KSE) decided on Tuesday to remove the ‘floor’ from under the KSE-100 index on Oct 27 more... (D)

 

Zardari wants long-term economic cooperation with China
President Asif Ali Zardari said he was looking forward to a long-term economic co-operation with China and said his state visit to the neighbouring country will focus on trade and economic ties. Talking to official Chinese news agency Xinhua, prior to his departure on his four-day visit to China, the President said he expected to prioritise economic ties in his talks with the Chinese leadership more... (BR)

Gilani reconstitutes body to oversee IPI gas line project
Prime Minister Syed Yousuf Raza Gilani has reconstituted the sub-committee/steering committee of Iran-Pakistan-India (IPI) gas pipeline project more... (BR)

Opposition terms briefing ‘shallow and inadequate’
Opposition lawmakers, especially those of the PML-N, criticised the ‘civilian’ briefing on the war on terror given on Tuesday by Information Minister Sherry Rahman in the joint session more... (D)

 
sector Briefing

BoK earns Rs 467.82 million profit in nine months
The Bank of Khyber (BoK) has earned Rs 467.822 million profit during the nine months of 2008, while the total deposits of the bank reached Rs 18, 909.222 million in the period. The bank during the period disbursed loans of Rs 121, 410 million. This was stated during a briefing at the headquarters of the Bank of Khyber here on Tuesday for NWFP Finance Minister Mohammad Hamayun Khan more... (BR)

Prime Minister reviews working of Qadirpur gas field
Prime Minister Syed Yousuf Raza Gilani chaired a meeting at the Prime Minister Secretariat on Tuesday to discuss the issue of annual maintenance of Qadirpur field resulting in stoppage of 250-500 MMCFD gas more... (BR)

Various Pepco officials sacked
The Federal Minister for Water & Power, Raja Pervez Ashraf has taken serious note of the current power crisis in the country and fired number of operational heads of Pepco due to their inefficiency and mismanagement. He took this decision while presiding over an emergency meeting to review the current power situation here on Tuesday 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