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October 29, 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
9,008.08
5.86%
HANGSENG
12,596.29
14.35%
NIKKEI 255
7,621.92
6.41%
FTSE
3,926.38
1.90%
DJI
9,065.12
10.88%
SSEC
1,723.35
(6.32)%
NASDAQ
1,169.78
(2.70)%

S.C.R.A
27-10-2008
(1.47)
October
(22.67)
YTD
(249.96)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR ( 3 months)
14.23%
KIBOR ( 6 months)
14.58%
PIB (10 years)
14.66%

Exchange Rates
Rs/US
83.80
RS/UK
133.39
RS/EURO
105.81
RS/OMAN RIYAL
221.84

commodities
Oil
$64.70/barrel
Oil Change in %
3.72%
Gold
$750.50/ounce
Gold Change in %
2.85%

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
52.72/-
52.19/-
Return YTD
11.82%
 
NAV
POAF
10.58
Retun YTD
-

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

Economy

Germany to help Pakistan negotiate deal with IMF
Germany said on Tuesday it would help Pakistan in negotiating a deal with the International Monetary Fund (IMF) and hoped an agreement could be reached soon to help Pakistan out of its economic difficulties. Pakistan is facing a more... (BR)

Moody's cuts rating
Moody's cut Pakistan's credit rating by one level to B3 on Tuesday and warned of further cuts as Germany said it would help Pakistan negotiate a deal with the International Monetary Fund (IMF). Pakistan is facing a balance-of-payments crisis and has just a few weeks to raise billions of dollars in foreign loans needed to keep meet debt payments and pay for imports more... (BR)

Tareen tells ministry to prepare import proposals - Minfal directed to ensure smooth wheat supply
Shaukat Tareen, Advisor to Prime Minister on Finance has directed Ministry of Industries to firm up its import proposals in December 2008 after revisiting existing sugar stock position. He stated this while chairing the Economy Monitoring Committee (EMC) meeting here on Tuesday more... (FD)

 

Government can ill afford Fund's tough conditions: Zardari
President Asif Ali Zardari on Tuesday said the government could ill-afford financial assistance from IMF with tough conditions. Time was running out and there was urgent need for the Friends of Pakistan to extend a helping hand, the President told Advisor to the British Prime Minister Simon McDonald who called on him here more... (BR)

Senators demand President Zardari to repeal 58(2)b - President wants to keep all the parliamentary powers
Senators have said President Asif Ali Zardari is enjoying all the powers under 17th amendment adding it is negation of his claims for strengthening parliamentary democracy more... (FD)

 
sector Briefing

PSO maintains Rs 222 billion turnover in first quarter
Pakistan State Oil (PSO) despite difficult conditions in the country maintained a turnover of Rs 222 billion in the first quarter maintaining the overall market share of 71.3 percent with a market share of 60.2 percent and 85.2 percent in white and black oil respectively more... (BR)

OGDCL clarification
Apropos a news item "OGDCL to lose billions by giving Kunnar project to LPG group" carried by Business Recorder on Monday, the Oil Gas Development Company Limited has clarified that OGDCL is following a transparent and a clear procedure of procurement and the bidding procedure, totally in accordance with the rules and procedures more... (BR)

SNGPL profit declines
The profit after tax of Sui Northern Gas Pipelines Limited declined to Rs 403.050 million in the quarter ended September 30, 2008 as compared to Rs 1,012.922 million earned in the corresponding period last year. The company's earning per share decreased to Re. 0.73 in the period under review against Rs 1.84 in the same period a year back 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