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October 28, 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
8,509.56
(2.20)%
HANGSENG
11,015.84
(12.70)%
NIKKEI 255
7,162.90
(6.36)%
FTSE
3,852.59
(0.80)%
DJI
8,175.77
(2.42)%
SSEC
1,839.62
(1.91)%
NASDAQ
1,169.78
(2.70)%

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)
14.25%
KIBOR ( 6 months)
14.60%
PIB (10 years)
14.64%

Exchange Rates
Rs/US
83.05
RS/UK
128.15
RS/EURO
102.37
RS/OMAN RIYAL
214.13

commodities
Oil
$62.38/barrel
Oil Change in %
(6.83)%
Gold
$729.70/ounce
Gold Change in %
(0.96)%

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
52.70/-
52.17/-
Return YTD
11.79%
 
NAV
POAF
10.58
Retun YTD
11.30%

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

Economy

Pakistan resisting IMF's insistence on 3.5 percent hike in SBP discount rate
The talks between Pakistan and the International Monetary Fund (IMF) to build up country's foreign exchange reserves with a clear objective to enable it avoid default are expected to conclude in Dubai, UAE, on Wednesday. While an agreement more... (BR)

World Bank terminates talks on $300 million loan
The World Bank has terminated talks with Pakistan on $300 million Economic Stabilisation Program Loan meant for fiscal and balance of payment support. Both sides initiated parleys in fiscal year 2007-08 on the same loan with expected disbursement of $500 million, which was then reduced to $300 million. "That was the time when relations of Government of Pakistan and World Bank were much better and flows were coming smoothly more... (BR)

Equilibrium in BoP to be achieved in two years
Advisor to Prime Minister on Finance, Shaukat Tarin on Monday said the country, as a result of measures being taken by the present government, will achieve equilibrium in balance of payment within next 24 months more... (BR)

 

War on terror: Pakistan to cooperate with Afghanistan at all levels: Qureshi
Pakistan's first and foremost priority is to eradicate terrorism from the region, for which it will cooperate with its Afghan brethren at all levels, said Foreign Minister Shah Mahmood Qureshi while addressing the inaugural session of two-day Pak-Afghan mini-Jirga, here on Monday more... (BR)

Asif’s credibility questioned: Senate denounces missile attack
Both foes and friends raised questions about President Asif Ali Zardari’s credibility as the Senate began debating his last month’s address to parliament on Monday, after demanding more... (D)

Gilani leaves for Turkey
Prime Minister Syed Yousuf Raza Gilani on Monday left for Turkey to lobby for the Friends of Pakistan initiative to help the country overcome its financial problems more... (D)

 
sector Briefing

OGDC first quarter fiscal year 2009 after tax profit Rs 18.975 billion
The profit after tax of Oil and Gas Development Company Limited (OGDC) has increased to Rs 18.975 billion in the quarter ended September 30, 2008 as compared to Rs 12.336 billion earned in the corresponding period a year back. The company's earning per share surged to Rs 4.41 in the period under review against Rs 2.87 in the same period last year more... (BR)

Senator opposes privatisation of Qadirpur gas field
Senator Talha Mehmood, Chairman Senate Standing Committee on Interior has said that privatisation of Qadirpur Gas Field will push the country into total chaos more... (BR)

Subsidy on DAP to be first casualty of loan
If Pakistan opts for plan-C given by the Advisor on Finance, Shaukat Tarin (which relates to IMF assistance) then it will certainly have to withdraw subsidy on DAP, a senior official of the Food Ministry told Business Recorder here on Monday 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