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November 21, 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
8,451.01
(3.68)%
HANGSENG
12,298.56
(4.04)%
NIKKEI 255
7,703.04
(6.89)%
FTSE
3,874.99
(3.26)%
DJI
7,552.29
(5.56)%
SSEC
2,017.47
6.05%
NASDAQ
1,036.51
(4.70)%

S.C.R.A
19-11-2008
(1.71)
November 08
(5.93)
YTD
(257.96)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.49%
KIBOR (6 months)
15.67%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
78.00
Rs/UK
117.20
Rs/EURO
98.95
Rs/OMAN RIYAL
207.27

commodities
Oil
$49.04/barrel
Oil Change in %
(7.03)%
Gold
$749.00/ounce
Gold Change in %
1.44%

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)
6.64
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
164.90mn
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 20, 2008
 
Offer
Redemption
POBOP
47.0417/-
46.5713/-
Daily Return
17.53%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N//A
POAIIF
50.9262/-
50.4169/-
Daily Return
13.51%
POAF
10.6334/-
Daily Return
13.54%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Refineries to exhaust stocks in seven days
Oil stocks in local refineries have dropped to seven days supply only, due to crude oil import problems and shut-down of some oil refineries for maintenance purposes. Sources in Petroleum Ministry revealed that oil refineries had submitted a report to the government on Thursday that they were holding the oil stocks enough for four to seven days requirements more... (BR)

Services sector performance in July-October encouraging
Country's services trade sector has presented an encouraging performance with a decline of 19 percent to 1.7 billion dollars in services deficit during the first four months of the current fiscal year 2009 more... (BR)

Export of textile products down by 0.9 percent in July-October
The exports of textile products in July-October 2008 have decreased by 0.9 percent as compared to corresponding period of last year, the data released by the Federal Bureau of Statistics (FBS) said more... (BR)

Enough is enough, America told
No undeclared-accord on drone-raids: Gilani
FO summons US ambassador over Bannu air-strike

Foreign Office Thursday summoned American Ambassador to Pakistan, Anne Patterson to lodge a protest over missile strike by pilotless aircraft on suspected Qaeda-Taliban target in Bannu district more... (FD)

US drone attacks intolerable: PM: No secret accord with Washington, NA assured
Most fingers were pointed at the United States in the National Assembly on Thursday for what Prime Minister Yousuf Raza Gilani called an `intolerable’ drone attack on a more... (D)

sector Briefing

Automakers reluctant to cut prices
The local auto assemblers have no immediate plans to cut prices to boost the demand for cars and other vehicles despite suffering from steep fall in sales during the last six months more... (D)

Govt urged to fulfil its promise on R&D payment
The value-added apparel sector suffered losses to the tune of Rs5.5 to 6 billion during first four months (July-Oct) of the current fiscal year due to non-payment of the research and development (R&D) support by the government more... (D)

BoK earns Rs 600 million profit in nine months
The cabinet of the Bank of Khyber officers Association (BOKOA) held a meeting with NWFP Finance Minister Muhammad Humayun Khan in his office on Thursday. BOKOA, President, Mahmood-ur-Rehman opened the discussion with the introduction of the newly elected cabinet members 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