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October 27, 2008 

Statistics
KSE 100 Index
Previous. Index
9,182.88
Current Index
9,182.88
Change %
(0.00)%
YTD ( CY' 08)
(34.76)%
YTD ( FY' 09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
8,701.07
(10.96)%
HANGSENG
12,618.38
(8.30)%
NIKKEI 255
7,649.08
(9.60)%
FTSE
3,883.36
(5.00)%
DJI
8,378.95
(3.59)%
SSEC
1,839.62
(1.91)%
NASDAQ
1,202.27
(2.97)%

S.C.R.A
24-10-2008
(0.79)
October
(21.20)
YTD
(248.49)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR ( 3 months)
14.26%
KIBOR ( 6 months)
14.61%
PIB (10 years)
14.62%

Exchange Rates
Rs/US
82.80
RS/UK
128.70
RS/EURO
102.80
RS/OMAN RIYAL
216.92

commodities
Oil
$66.96/barrel
Oil Change in %
(4.61)%
Gold
$736.80/ounce
Gold Change in %
(3.99)%

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)
7.32
GDP Growth FY 09E
5.8%
Per Capita Income
$1085
Population
164.66mn
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.3,7778 bn

International Indicates
 
Offer
Redemption
POBOP
52.65/-
52.13/-
Return YTD
11.70%
 
NAV
POAF
10.57
Retun YTD
11.30%

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

Economy

KSE decides to postpone floor removal
The Board of Directors of Karachi Stock Exchange (KSE) has decided that the floor mechanism set on share price will remain in place until the government funds and PUT option mechanics are finalised. The board did not give any date for removal of floor more... (BR)

Delhi to support Islamabad in seeking IMF help
Commenting on the Pakistan's financial situation, Indian Prime Minister said India would support Pakistan in seeking help from International Monetary Fund (IMF). Talking to mediapersons on-board his special aircraft while returning from Beijing late Saturday night, he said "I wish the new democratic government in Pakistan well. We would like them to succeed." more... (BR)

SBP announces further relaxations in ADR
Governor, State Bank of Pakistan, Dr Shamshad Akhtar on Sunday announced further relaxations in Advances to Deposits Ratio (ADR) of banks. The relaxations will enable the banks to lend to the priority sectors of the economy. In this regard, a detailed circular has been issued to the banks more... (BR)

 

Gilani terms US raids disastrous: FC chief’s remarks disapproved of
US attacks in tribal areas are harming the government’s efforts to isolate extremists and mobilise people against militancy, according to Prime Minister Yousuf Raza Gilani more... (D)

Protests against power tariff hike unjustified: minister
The Minister for Water and Power, Pervez Ashraf, has criticised people staging protest demonstration against hike in power tariff and said that the protest was unjustified as the government has suspended the increase till the decision of the review committee more... (BR)

 
sector Briefing

OGDCL to lose billions by giving Kunnar project to LPG group
The Oil and Gas Development Company Limited (OGDCL) has dumped 12 bidding companies, most of them foreign, by holding back its tender for development of Kunnar Passaki Deep project. Some of the aggrieved parties include Hyundai, ABB, Descon Presson, Etimad, Petrosin, and Speciality Processing more... (BR)

Cartelisation of cement manufacturers: CCP to issue show cause notice to APCMA today
The Competition Commission of Pakistan (CCP) has decided to issue show cause notice to the All Pakistan Cement Manufacturers Association (APCMA), Lahore on Monday against the Cartelisation of the cement manufacturers, allegedly involved in price hike of the commodity more... (BR)

NIT, UBL, NBP, SLIC shares will be offered to expats: Tareen
Prime Minister on Finance Shaukat Tareen Sunday expressed optimism about gradual economic improvement. "The things will turn around. Stock markets can swing the other way and there can be some good news coming in next couple of weeks," he told a private TV channel. He said the government is taking various steps to put the economy on right track more... (FD)

 
(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