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October 20, 2008 

Statistics
KSE 100 Index
Previous. Index
9,184.24
Current Index
9,184.75
Change %
0.00%
YTD ( CY' 08)
(34.75)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
10,223.09
2.48%
HANGSENG
15,323.01
5.30%
NIKKEI 255
9,005.59
3.60%
FTSE
4,282.67
5.40%
DJI
9,265.43
4.67%
TSX
9,562.49
3.15%
KLSE
909.51
0.47%

S.C.R.A
17-10-2008
(2.86)
October
(6.64)
YTD
(233.94)

Money Market Updates
Tbill Cut-off
 
1 year
11.83%
6 month
12.69%
KIBOR ( 3 months)
14.45%
KIBOR ( 6 months)
14.64%
PIB (10 years)
14.53%

Exchange Rates
Rs/US
80.80
RS/UK
138.58
RS/EURO
107.37
RS/OMAN RIYAL
218.09

commodities
Oil
$75.15/barrel
Oil Change in %
2.93%
Gold
$801.20/ounce
Gold Change in %
0.31%

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)
7.75
GDP Growth FY 09E
5.8%
Per Capita Income
$1085
Population
164.50mn
Trade Deficit
$(5.55)bn
Curr. A/C (Jul'08-Aug'08)
$(3.95)bn
Remittances
$1.88bn
Foreign Investment
$0.94 bn
Bank Deposits
(Sept 20, 08)
Rs.3,767. bn

International Indicates
 
Offer
Redemption
POBOP
52.56/-
52.03/-
Return YTD
11.59%
 
NAV
POAF
10.56
Retun YTD
11.30%

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

Economy

Uniform power tariff structure ordered
President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani took serious note of the differences in power tariff in different parts of the country and said that uniform tariff structure is imperative for removing the reservations more... (BR)

Financing against shares to be converted to TFF of one year
The State Bank of Pakistan (SBP), with the consultation of banks and brokers, has decided that the existing facilities of 'Financing against shares to members of stock exchange', outstanding as on August 31, 2008, will be converted into 'Term Finance Facility' of one year, while the banks may also accept other types of collateral, including property, in addition to shares more... (BR)

Market manipulation: SBP starts probe against exchange companies
The State Bank of Pakistan on Monday initiated investigation against exchange companies to check whether they are manipulating the currency market, while instructing them to minimise the value difference of dollar between interbank and open market rates, market sources said more... (BR)

 

Boucher warns no blank cheque for Pakistan
US Assistant Secretary of State for South Asia Richard Boucher has said that Pakistan would not get aid in cash from Friends of Pakistan (FoP) and forum's meeting would deliberate on alternate modes of assistance. He stated this while addressing a news conference following the meeting with Prime Minister Yousuf Raza Gilani and foreign minister Shah Mehmood Qureshi here on Monday more... (BR)

Friends of Pakistan meet President, PM
President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani jointly chaired the preliminary meeting of the Core Group of Friends of Democratic Pakistan, on Monday here more... (FD)

Deposed chief justice to disclose ‘many things’ on Nov 3
Deposed chief justice Iftikhar Mohammad Chaudhry announced on Monday he would disclose ‘many things’ on Nov 3 — the first anniversary of the emergency proclaimed by former president Pervez Musharraf more... (D)

 
sector Briefing

HBFCL facing serious liquidity crunch
The House Building Financing Corporation Limited (HBFCL) is likely to roll back its operations due to liquidity problems. The corporation, which had been providing loans to people of average means to build their houses, is finding it difficult to meet the demand because it is now almost "cash starved." more... (BR)

Fertiliser prices jump despite global fall
Average prices of DAP (Di-Ammonium Phosphate) fertiliser rose by 141.44 per cent and stood at Rs3152.50 per bag in current month on YoY basis across the country more... (FD)

Hubco, Kapco and Wapda: PSO seeks Rs 51.65 billion dues recovery
Pakistan State Oil (PSO) seeks to recover its accumulated outstanding dues, of Rs 51.65 billion, from various power entities including Hubco, Kapco and Wapda as this huge outstanding is adversely affecting its liquidity which may lead to inevitable breakdown in the supply chain, resulting in slowdown of the country's economy more... (BR)

Hussain Lawai consortium to buy Arif Habib Bank
Hussain Lawai, the erstwhile banker is back into banking. A consortium of foreign and local investors, led by Mr Lawai has expressed interest in acquisition of “substantial shareholding” in Arif Habib Bank Limited (AHBL) 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