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October 16, 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
10,809.12
(5.87)%
HANGSENG
15,998.30
(5.00)%
NIKKEI 255
9,547.47
1.10%
FTSE
4,079.60
(7.16)%
DJI
8,577.91
(7.87)%
TSX
9,955.66
9.82%
KLSE
949.88
(1.67)%

S.C.R.A
14-10-2008
(2.21)
October
(1.54)
YTD
(228.74)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.79%
KIBOR ( 6 months)
14.84%
PIB (10 years)
14.53%

Exchange Rates
Rs/US
81.30
RS/UK
142.38
RS/EURO
110.21
RS/OMAN RIYAL
209..43

commodities
Oil
$73.35/barrel
Oil Change in %
(6.08)%
Gold
$844.50/ounce
Gold Change in %
(0.23)%

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
$1.88bn
Foreign Investment
$0.64 bn
Bank Deposits
(Sept 20, 08)
Rs.3,767. bn

International Indicates
 
Offer
Redemption
POBOP
52.47/-
51.95/-
Return YTD
11.57%
 
NAV
POAF
10.58
Retun YTD
11.30%

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

Economy

Rupee quoted at 81 on import payments
The rupee weakened to a record low of 81 rupees to the dollar at the opening on Thursday because of pressure from import payments, dealers said. It closed at 80.65/85 on Wednesday. Dealers said the rupee was expected to remain under pressure more... (BR)

SBP considering provision of Rs 40 billion to mutual funds
Pakistan and China on Wednesday signed eleven agreements, MoUs and protocols to enhance bilateral co-operation on sound footing in diverse sectors including infrastructure, energy, telecommunication, agriculture, industry, minerals, trade, disaster relief and space technology more... (BR)

Government borrowing from banks up 98 percent
The government budgetary borrowing from banking system has surged by 98 percent during the first quarter of FY09 mainly due to increasing expenditures. The State Bank of Pakistan's statistics on Wednesday revealed that during July to September 27 - almost first three months - the government borrowing for budgetary support went up by 98.18 percent more... (BR)

Pakistan, China ink 11 agreements
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)

 

PML-N softens stance on parliament briefing
The joint session of the two houses of parliament continued for the fourth day on Wednesday without any sign of a consensus emerging on the national strategy for combating terrorism and coping with the threat of Talibanisation more... (D)

Zardari, Hu emphasise reinforcement of strategic partnership
President Asif Ali Zardari and Chinese President Hu Jintao on Wednesday held one-on-one interaction that lasted over one hour with major emphasis on further reinforcing comprehensive strategic partnership and bilateral co-operation in various fields. The over one hour meeting between the two presidents was followed by delegation level parleys more... (BR)

Major offensive in Bajaur likely: Taliban ‘ready for talks’
A curfew was clamped on Khar town on Wednesday as fresh troops arrived in the region amid reports that a major offensive was being planned in Charmang and Mamond subdivisions more... (D)

 
sector Briefing

SSGC move may discourage investment in LNG projects: LoE issued to four gas consortium
The Sui Southern Gas Company's letter of exclusivity (LoE) in favour of 4 Gas Consortium may discourage investment in liquefied natural gas import projects. Majority of the short-listed parties which have shown interest in setting up LNG terminals at Port Qasim have sharply reacted to SSGC move more... (BR)

Abraaj to buy stake in KESC
Abraaj Capital, the premier investment firm specialising in private equity investment in Middle East, North Africa and South Asia (Menasa) has entered into an agreement to acquire a stake as the biggest shareholder of Karachi Electric Supply Company Limited (KESC), the city's sole power provider more... (BR)

Duty on HSD, kerosene export cut by 48pc
The government has scaled down regulatory duty by over 48 per cent on export of high-speed diesel (HSD) and superior kerosene respectively to accelerate export of oil to Afghanistan 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