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October 30, 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
9,044.51
0.40%
HANGSENG
12,702.07
0.84%
NIKKEI 255
8,211.90
7.74%
FTSE
4,242.54
8.05%
DJI
8,990.96
(0.82)%
SSEC
1,771.82
(2.81)%
NASDAQ
1,302.12
(0.35)%

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)
14.26%
KIBOR ( 6 months)
14.59%
PIB (10 years)
14.67%

Exchange Rates
Rs/US
84.55
RS/UK
138.50
RS/EURO
108.83
RS/OMAN RIYAL
229.44

commodities
Oil
$69.40/barrel
Oil Change in %
7.26%
Gold
$761.80/ounce
Gold Change in %
1.50%

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
52.74/-
52.21/-
Return YTD
11.85%
 
NAV
POAF
10.59
Retun YTD
-

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

Economy

Fund still insisting on big increase in discount rate
Pakistan has reportedly agreed to a front loaded stabilisation programme of $6 billion for a period of 20 months with the International Monetary Fund. This will be in addition to $4 billion the country is expecting to get from other multilateral sources more... (BR)

WSJ slams IMF's prescriptions
An influential US newspaper has criticised the prescriptions of the International Monetary Fund (IMF)--cuts in government expenditures, devaluation, and tax increases--for bailing Pakistan out of the financial crisis, saying that the measures would have opposite effect more... (BR)

$5bn in 15 days or IMF, says Shaukat Tareen'Moody's jumped to conclusions'
Advisor to Prime Minister on Finance, Shaukat Tareen Wednesday said the country immediately needs an inflow worth $5 billion to sustain at its current position more... (FD)

 

Singh offers earthquake assistance
Indian Prime Minister Manmohan Singh has expressed grief over the loss of life and property in Wednesday’s earthquake in Pakistan and offered all possible assistance from India in providing relief to the affected people more... (D)

PM chief guest at Turkish ceremony
Prime Minister Yousuf Raza Gilani attended as chief guest a ceremony marking the 85th anniversary of the Turkish Republic here on Wednesday along with Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan more... (D)

 
sector Briefing

Sovereign guarantee for LNG import issued to SSGC
The Ministry of Petroleum and Natural Resources (MP&NR) has issued sovereign guarantee for liquefied natural gas (LNG) import, assuring all potential players that the Letter of Exclusivity (LoE) right, to be granted to Sui Southern Gas Company's (SSGC) Pakistan Mashal LNG Project has nothing to do with other upcoming projects more... (BR)

Profit of Hub Power up
The profit after tax of Hub Power Company Limited has increased to Rs 701.757 million in the quarter ended September 30, 2008 as compared to Rs 607.123 million earned in the same period last year. The board of directors of the company declared that earning per share increased to Rs 0.61 in the period under review against Rs 0.52 in the corresponding period last year more... (BR)

Competition Commission of Pakistan issues notices to 21 cement makers
The Competition Commission of Pakistan (CCP) has issued showcause notices to 21 cement companies allegedly involved in cartelisation. Notices provide cement makers opportunity to defend themselves in hearings to be held at Lahore, Karachi and Islamabad 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