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November 05, 2008

Statistics
KSE 100 Index
Previous Index
9,183.14
Current Index
9,183.14
Change %
0.00%
YTD (CY'08)
(34.76)%
YTD (FY'09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
10,631.12
2.84%
HANGSENG
14,384.34
0.30%
NIKKEI 255
9,114.60
6.30%
FTSE
4,639.50
4.42%
DJI
9,625.28
3.28%
SSEC
1,719.77
(0.52)%
NASDAQ
1,378.40
3.27%

S.C.R.A
03-11-2008
0.003
November'08
0.003
YTD
(252.03)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR (3 months)
14.95%
KIBOR (6 months)
15.24%
PIB (10 years)
14.75%

Exchange Rates
Rs/US
81.30
RS/UK
127.87
RS/EURO
103.80
RS/OMAN RIYAL
213.49

commodities
Oil
$69.19/barrel
Oil Change in %
9.25%
Gold
$760.00/ounce
Gold Change in %
5.19%

Inflation
CPI (YOY)
23.9%
CPI (Jul-Sep)
24.5%
CORE INFTN (YOY)
17.3%
CORE INFTN (Jul-Sep 08)
16.1%

Economic Indicators
US$ Reserves (Billion)
6.92
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
164.76mn
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
Comm. Banks Deposit Base (Oct 25, 2008)
Rs.3,670bn

International Indicates
 
Offer
Redemption
POBOP
52.87/-
52.34/-
Return YTD
12.02%
 
NAV
POAF
10.61
Retun YTD
10.17%

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

Economy

Size of PSDP being curtailed
The government has decided to cut the size of Public Sector Development Programme (PSDP) owing to prevailing economic situation, said Planning and Development Division Secretary Suhail Safdar more... (BR)

Hydropower project: Pakistan and Opec Fund sign $30 million agreements
Pakistan and the Opec Fund for International Development (OFID) on Tuesday signed two agreements of US $15 million each for the Golan Gol Hydropower Project. The agreements were signed in Vienna by Shahbaz, Ambassador of Pakistan to Austria and Suleiman J Al-Herbish, Director General of the OFID on behalf of government of Pakistan and Opec Fund respectively, said a press release received here on Tuesday more... (BR)

24 percent increase in cotton arrivals: target may be achieved
The country may achieve cotton production target set for the year 2008-09 as the arrivals in the ginning factories have show an increase of 24 percent over last year, according to data issued by the Central Cotton Research Institute (CCRI) more... (BR)

Reinsurance arrangements: insurance companies advised to submit data to SECP by November 30
The Securities and Exchange Commission of Pakistan (SECP) has advised all insurers/takaful operators to submit, by November 30, 2008, summary of their respective reinsurance/retakaful treaty arrangements for 2009 by November 30, 2008 more... (BR)

Abdullah assures Zardari of full support
President Asif Ali Zardari called on Saudi King Abdullah bin Abdul Aziz in Riyadh on Tuesday night at King's Palace, according to Aaj TV. The two leaders discussed various issues of bilateral interest including Saudi oil facility to Pakistan against deferred payments and Saudi support for the forthcoming meeting of the "Friends of Pakistan" more... (BR)

New US leader must stop attacks: Gilani
The new US president must halt missile attacks on targets inside Pakistan or risk failure in efforts to end militancy in the country, Prime Minister Yousuf Raza Gilani warned on Tuesday more... (D)

Five new portfolios created, seven cabinet slots vacant
ISLAMABAD, Nov 4: The government on Tuesday announced portfolios of new ministers, reshuffled three ministries and created five new portfolios, but kept at least seven ministries vacant, apparently for future inductions more... (D)

sector Briefing

Net profit of fertiliser sector up by 43 percent on year-on-year basis
The net profit of fertiliser sector has increased by 43 percent on year-on-year basis to Rs 9.276 billion in the first nine months of 2008 as compared to Rs 6.480 billion earned in the corresponding period in 2007. Dawood Hercules (DAWH) recorded the highest increase in core earnings, rising by 298 percent on yearly basis to Rs 1,368 million more... (BR)

Furnace oil supply to Pepco: PSO may not participate in tenders if dues not cleared
The Pakistan State Oil (PSO) has expressed inability to participate in the coming fortnightly furnace oil tenders, for unlimited quantity if the Pakistan Electric Power Company (Pepco) failed to make urgent payment of overdue amount of Rs 8 billion, official sources told Business Recorder more... (BR)

Non-life insurance firms profit plunges
The profitability of non-life insurance companies took a plunge by an average of 61 per cent in the latest nine months (Jan-Sept 2008), which analysts attributed to a more... (D)

SBP governor inaugurates Samba Bank Limited
Addressing a gathering of corporate and business leaders and elite of the city at the formal launch ceremony of Samba Bank Limited (SBL), Sajjad Razvi, senior Samba executive and Chairman of the Board of Samba Bank Limited, said "SBL is a majority owned subsidiary of Samba Financial Group which invested $100 million in the bank 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