BasedLine
LOGO
October 23, 2008 

Statistics
KSE 100 Index
Previous. Index
9,186.90
Current Index
9,183.74
Change %
(0.03)%
YTD ( CY' 08)
(34.76)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
10,169.90
(4.81)%
HANGSENG
14,266.60
(5.10)%
NIKKEI 255
8,674.69
(6.80)%
FTSE
4,040.89
(4.46)%
DJI
8,519.21
(5.69)%
SSEC
1,958.53
(0.78)%
NASDAQ
1,237.09
(3.61)%

S.C.R.A
20-10-2008
(0.26)
October
(6.81)
YTD
(234.10)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR ( 3 months)
14.30%
KIBOR ( 6 months)
14.61%
PIB (10 years)
14.53%

Exchange Rates
Rs/US
82.15
RS/UK
134.89
RS/EURO
106.12
RS/OMAN RIYAL
214.67

commodities
Oil
$66.96/barrel
Oil Change in %
(5.15)%
Gold
$725.20/ounce
Gold Change in %
(6.12)%

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
52.59/-
52.07/-
Return YTD
11.64%
 
NAV
POAF
10.57
Retun YTD
11.30%

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

Economy

IMF moves to bail out Pakistan
The International Monetary Fund moved Wednesday to bail out cash-strapped Pakistan in the Fund's first bid to shore up an Asian economy following global financial turmoil. The Washington-based fund said Pakistan had sought its help to deal more... (BR)

Islamabad seeks World Bank support
A delegation of senior Pakistani officials, led by Deputy Chairman of the Planning Commission Salman Faruqui, held discussions with the World Bank and International Finance Corporation (IFC) this week to seek support for the development of energy sector in Pakistan more... (BR)

Lack of berths for wheat ships: TCP paying $50,000 demurrage per day
The Trading Corporation of Pakistan (TCP) is paying almost $50,000 per day as demurrage for the vessels waiting for their berthing at Port Bin Qasim and Karachi. This may run in excess of $10 million when the entire import of wheat is completed more... (BR)

 

Balochistan peace must for oil exploration: Zardari
President Asif Ali Zardari said on Wednesday that the government would restore peace in Balochistan and make it safe for oil and gas exploration after holding dialogue with stakeholders more... (D)

Gilani says Pakistan needs global support for terror war'Pak-Saudi ties to further strengthen in future'
Prime Minister Syed Yousuf Raza Gilani has said that the international community should back Pakistan as the country is fighting war against terror for peace and prosperity of the whole world more... (FD)

 
sector Briefing

PPL profits surge
The after tax profit of Pakistan Petroleum Limited (PPL) increased to Rs 7.766 billion in the quarter ended on September 30, 2008 as compared to Rs 4.807 billion earned in the corresponding period of last year. The company''s earning per share surged to Rs 9.36 against Rs 5.79 in the same period a year back. According to the financial results, the company''s net sales increased to Rs 15.805 billion as compared to Rs 10.332 billion in the same quarter in FY08 more... (BR)

Best business practices stressed: Attock Refinery moot on HSE held
Highlighting the importance of the Health Safety and Environment (HSE) in today's business environment, the Chief Executive Officer, Attock Refinery Limited (ARL), Adil Khattak has said the sharing of HSE, exchange of best business practices and learning from each other's experiences is vital for a safer future more... (BR)

SSGC customers' base touches two million
Sui Southern Gas Company's (SSGC's) customer base has recently touched the two million mark. According to the latest figures, the figure stands at 2,072,086 out of which the Company is serving 2,045,967 domestic customers, 22,558 commercial and 3,561 industrial customers 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