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November 10, 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 Indices
 
Close
Percentage
BSE-30
9,964.29
2.36%
HANGSENG
14,243.43
3.00%
NIKKEI 255
8,583.00
(3.60)%
FTSE
4,364.96
2.17%
DJI
8,943.81
2.85%
SSEC
1,747.71
1.75%
NASDAQ
1,271.62
2.39%

S.C.R.A
07-11-2008
(0.18)
November'08
(1.50)
YTD
(253.53)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
12.66%
KIBOR (3 months)
15.31%
KIBOR (6 months)
15.63%
PIB (10 years)
15.58%

Exchange Rates
Rs/US
81.28
RS/UK
127.26
RS/EURO
103.43
RS/OMAN RIYAL
213.30

Commodities
Oil
$63.55/barrel
Oil Change in %
3.62%
Gold
$747.80/ounce
Gold Change in %
1.82%

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)
6.76
GDP Growth FY09E
4.2%
Per Capita Income FY09
$1,085
Population
164.79mn
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

Daily Returns and NAVs
 
Offer
Redemption
POBOP
46.7976/-
46.3296/-
Daily Retrun
18.37%
POASF
NA
NA
Daily Retrun
NA
POAIF
NA
NA
Daily Retrun
NA
POAIIF
50.4707/-
49.9660/-
Daily Retrun
12.07%
POAF
10.5475/-
Daily Retrun
12.49%
* Daily Returns are calculated as per MUFAP guidelines
Funds Rating
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-

Economy

IMF conditions not hard: Tarin
As the countdown begins for Pakistan to formally request the International Monetary Fund for a bailout package of up to $5 billion, Adviser to the Prime Minister on more... (D)

Fund agrees to 200bps raise to 15 percent in discount rate: 31 percent rise in utility tariff on anvil
Pakistan is expected to make a formal request for a Stand-By Arrangement with the International Monetary Fund, in this week to avoid default on its foreign currency obligations, it is reliably learnt. The Fund Board of Directors is expected to take up the request between November 12 and 17 more... (BR)

Pakistan gets $200 million from IDB
Pakistan has received a $200 million loan from the Islamic Development Bank it is reliably learnt. The loan is on a floating rate for general purpose use and is repayable after one year more... (BR)

Politics

Obama to reassess strategy on Pakistan, Afghanistan
One of the first priorities of the Obama administration will be to reassess US strategy for Afghanistan and Pakistan, his aides say more... (D)

Drone attacks souring ties with US, says Durrani
National Security Adviser Maj-Gen (retd) Mahmud Ali Durrani has warned the Bush administration that drone attacks inside Pakistan in pursuit of suspected terrorist targets continue to spoil relations between the US and Pakistan more... (D)

Action against politicians if found involved in foreign scam: Tarin
Advisor on Finance Shaukat Tarin has said that strict action will be taken if politicians are found involved in illegal transfer of dollars, along with Munaf Kalia and Javed Khanani more... (BR)

FIA gets one-day remand of Javed Khanani
LAHORE (November 10, 2008): Special Duty Magistrate on Sunday remanded Javed Khanani Director of Khanani and Kalia International (Pvt) Limited involved in a forex scam under the custody of FIA for a day. FIA will again produce Javed Khanani before the court of area magistrate on Monday more... (BR)

Sector Briefing

Sponsor shareholders of Mybank Limited have been approached by Mr. Hussain Lawai
Sponsor shareholders of Mybank Limited (Mr. Iqbal Alimohammad & family) have been approached by Mr. Hussain Lawai, Expressing their interest in the majority shareholding by way of purchase the total shareholding from the existing sponsor shareholders more... (KSE Notice)

Berger Paints announced loss after tax PKR174.22mn
Berger Paints announced its financial result for the year ended June 30, 2008. Loss After Tax PKR174.22mn (EPS PKR-25.10) as compared to the corresponding period of last year Profit After Tax PKR49.08mn (EPS PKR7.07) more... (KSE Notice)

(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