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November 20, 2008

Statistics
KSE 100 Index
Previous Index
9,184.09
Current Index
9,184.09
Change %
0.00%
YTD (CY08)
(34.76)%
YTD (FY09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
8,773.78
(1.83)%
HANGSENG
12,815.80
(0.77)%
NIKKEI 255
8,273.22
(0.66)%
FTSE
4,005.68
(4.82)%
DJI
7,997.28
(5.07)%
SSEC
1,902.43
(6.31)%
NASDAQ
1,087.60
(5.90)%

S.C.R.A
18-11-2008
(0.04)
November 08
(4.22)
YTD
(256.25)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.47%
KIBOR (6 months)
15.68%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
77.00
Rs/UK
117.90
Rs/EURO
98.65
Rs/OMAN RIYAL
206.85

commodities
Oil
$52.75/barrel
Oil Change in %
(3.03)%
Gold
$738.40/ounce
Gold Change in %
0.11%

Inflation
CPI Gen. Oct 08 (YOY)
25.0%
CPI Gen. (Jul-Oct 08)
24.6%
NFNE Core INFL Oct 08 (YOY)
18.3%
NFNE Core INFL (Jul-Oct 08)
16.7%

Economic Indicators
US$ Reserves (Billion)
6.74
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
164.89mn
Trade Deficit (Jul-Oct 08)
$(7.52)bn
Curr. A/C (Jul-Oct 08)
$(5.94)bn
Remittances (Jul-Oct 08)
$2.35bn
Foreign Investment (Jul-Oct 08)
$1.15bn
All Scheduled Banks Deposit Base (Nov 15, 08)
Rs.3,682bn

Daily Returns and NAVs
as of Nov 19, 2008
 
Offer
Redemption
POBOP
47.0209/-
46.5507/-
Daily Return
16.62%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N//A
POAIIF
50.9085/-
50.3994/-
Daily Return
16.51%
POAF
10.6244/-
Daily Return
13.94%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Cabinet approves economic stabilisation plan
A special cabinet meeting approved on Wednesday an economic stabilisation programme and asked the ministry of finance to complete negotiations with the International Monetary Fund for reaching an agreement for early release of $7.6 more... (D)

$60 billion uplift projects presented to Friends of Pakistan
Pakistan has presented about 71 projects worth nearly $60 billion to the Friends of Democratic Pakistan Group in Abu Dhabi seeking partnership to support its ventures in infrastructure, agriculture and education development alongwith medium/small dams construction more... (BR)

Borrowing from SBP: Ministry's indicator fails to fix target for next three years
The Federal government, in its Medium-Term Policy Framework, has indicated that it will strengthen both domestic and foreign debt management for which the Finance Ministry has earmarked several indicators. The only indicator for strengthening domestic debt management is given as zero borrowing from the State Bank of Pakistan (SBP) at the end of each quarter of the current fiscal year more... (BR)

Zardari calls Nawaz, urges restraint
President Asif Ali Zardari called PML-N chief Nawaz Sharif on Wednesday and protested against what he termed a ‘character assassination campaign’ against the Punjab governor more... (D)

PPP, PML-Q align against PML-N
The Pakistan People’s Party and Pakistan Muslim League-Q appeared to align in the National Assembly against the PML-N government in Punjab after they ignored the latter’s offer to more... (D)

National Assembly passes Industrial Relations bill amid PML-N walkout
The National Assembly on Wednesday passed the Industrial Relations Bill-2008 amid walkout of the Pakistan Muslim League-N parliamentarians, protesting against the Bill. Under the new legislation, it will consolidate and rationalise the law related to formation of trade unions and improvement of relations between the employers and workers more... (BR)

sector Briefing

Diesel, petrol imports: PSO seeks nod from government
The Pakistan State Oil (PSO) has requested the government to allow import of 25,000 tons premier motor gasoline (PMG) during November-December 2008. Sources said that the request was made in a letter written to the Ministry of Finance after the (OCAC) recently conducted analysis of high speed diesel (HSD) and premier motor gasoline (PMG) availability and stocks positions in the country more... (BR)

Rs103bn parked in T-bills after yields raised
The State Bank on Wednesday significantly increased cut-off yield on treasury bills, which attracted much more liquidity than expected by it more... (D)

Gas supply to textile mills disconnected
Despite assurance given by the government, Sui Northern Gas Pipelines Limited (SNGPL), in a sudden move, has disconnected the gas supply of more than 130 textile mills located in the provincial metropolis, Sheikupura, War-Burton, Faisalabad and Northern areas without any prior notice and without taking the stakeholders into confidence 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