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November 03, 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
9,788.06
8.22%
HANGSENG
13,968.67
(2.52)%
NIKKEI 255
8,576.98
(5.01)%
FTSE
4,377.34
2.00%
DJI
9,325.01
1.57%
SSEC
1,728.79
(1.97)%
NASDAQ
1,334.78
0.06%

S.C.R.A
31-10-2008
0.92
October
(24.74)
YTD
(252.03)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR ( 3 months)
14.94%
KIBOR ( 6 months)
15.20%
PIB (10 years)
14.69%

Exchange Rates
Rs/US
80.60
RS/UK
130.29
RS/EURO
103.23
RS/OMAN RIYAL
212.29

commodities
Oil
$69.13/barrel
Oil Change in %
1.95%
Gold
$735.40/ounce
Gold Change in %
2.39%

Inflation
CPI (YOY)
23.9%
CPI (Jul-Sep)
24.5%
CORE INFTN (YOY)
17.3%
CORE INFTN (Jul-Sep)
16.1%

Economic Indicators
$US Reserves (Billion)
6.92
GDP Growth FY 09E
4.2%
Per Capita Income
$1,085
Population
164.74mn
Trade Deficit (Jul-Sep 08)
$(5.55)bn
Curr. A/C (Jul-Sep 08)
$(3.95)bn
Remittances (Jul-Sep 08)
$1.88bn
Foreign Investment (Jul-Sep 08)
$0.94 bn
Bank Deposits - Commercial (Oct 25, 08)
Rs.3,670bn

International Indicates
 
Offer
Redemption
POBOP
52.81/-
52.28/-
Return YTD
11.91%
 
NAV
POAF
10.60
Retun YTD
10.22%

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

Economy

SBP against government domination of insurance sector: Shamshad seeks autonomy for Central Bank
The non-bank financial companies (NBFCs), facing direct competition from banks, are not likely to grow significantly until their funding sources and costs are streamlined. At the same time, the insurance sector will also remain weak, unless it gets an infusion of innovation and efficiency more... (BR)

Need for comprehensive rescue package
The Federal Government and the two apex market regulators - the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan - need to put in place a well thought-out package, to rescue the non-banking financial sector. Or, we should be ready to see very soon long queues of investors scrambling to redeem their investments more... (BR)

ECC panel recommends steps to improve KESC financial position
The committee, constituted by the Economic Co-ordination Committee (ECC) of the Cabinet, has made certain recommendations to improve the financial position of Karachi Electric Supply Corporation (KESC) for resolving the power supply problem of Karachites more... (BR)

Zardari calls IMF option an economy-saving drug
President Asif Ali Zardari has said that while cash-strapped Pakistan is still averse to resorting to IMF aid, the country must consider the IMF option as a cure for its ailing economy. Zardari is to visit Saudi Arabia on Tuesday for talks with King Abdullah Bin Abdul Aziz, Custodian of the Two Holy Mosques, to solicit support for the Friends of Pakistan initiative and the oil-facility requested by Pakistan more... (FD)

Petraeus and Boucher arrive in Islamabad
US Central Command (Centcom) chief Gen David Howell Petraeus and Assistant Secretary of State Richard Boucher arrived here on Sunday to discuss various aspects of the ‘war on terror’ with government and military leaders more... (D)

20 new ministers likely to join cabinet today
At least 20 new ministers, belonging to all parties in the ruling coalition, will be inducted in the federal cabinet on Monday, it was learnt here on Sunday more... (D)

sector Briefing

APL profit after tax soars to Rs 785.133 million
The profit after tax of Attock Petroleum Limited (APL) has increased to Rs 785.133 million in the quarter ended September 30, 2008 as compared to Rs 548.718 million earned in the corresponding period in 2007 more... (BR)

ARL suffers after tax loss of Rs 870.180 million
Attock Refinery Limited (ARL) has witnessed after tax loss of Rs 870.180 million in the quarter ended September 30, 2008 as compared to after tax profit of Rs 1,241.571 million in the corresponding quarter in 2007. The company's per share loss stood at Rs 12.24 in the period under review against earning per share of Rs 17.47 in the same period last year more... (BR)

POL net profit swells to Rs 2.260 billion in first quarter
The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 2.260 billion in first quarter of current fiscal year ended September 30, 2008 as compared to Rs 1.890 billion earned in the corresponding period in 2007 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