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November 24, 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
8,915.21
5.49%
HANGSENG
12,659.20
2.93%
NIKKEI 255
7,910.79
2.70%
FTSE
3,780.96
(2.43)%
DJI
8,046.42
6.54%
SSEC
1,969.39
(0.72)%
NASDAQ
1,085.57
4.73%

S.C.R.A
21-11-2008
(0.41)
November 08
(11.71)
YTD
(263.74)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.44%
KIBOR (6 months)
15.67%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
78.00
Rs/UK
118.22
Rs/EURO
100.04
Rs/OMAN RIYAL
207.88

commodities
Oil
$50.62/barrel
Oil Change in %
3.22%
Gold
$787.40/ounce
Gold Change in %
5.13%

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
164.91mn
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 22, 2008
 
Offer
Redemption
POBOP
47.0834/-
46.6126/-
Daily Return
17.60%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N//A
POAIIF
50.9628/-
50.4532/-
Daily Return
14.57%
POAF
10.6428/-
Daily Return
13.53%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Notices for withholding taxes recovery: some banks to approach FBR through PBA
Some banks have decided to approach the Federal Board of Revenue (FBR) through Pakistan Banks Association (PBA) against the notices for recovery of withholding taxes under various provisions of the Income Tax Ordinance 2001 more... (BR)

About $4bn IMF loan likely
The executive board of the International Monetary Fund will consider a $7.6 billion rescue package for Pakistan on Monday to help the country avoid an economic collapse more... (D)

Next year crucial for Pakistan: Miliband
British Foreign Secretary David Miliband has said that the coming year will be crucial for Pakistan in economic, security and political terms more... (D)

Zardari, Gilani discuss state of security
President to leave for UAE today
Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari at the Awan-e-Sadr here on Sunday. During the meeting, security situation in the country, frequent drone attacks on the border areas and steps being taken by the government for the revival of economy came under discussion more... (FD)

Sell-off of Qadirpur Gas Field termed scandalous
The privatisation of Qadirpur Gas Field with a total value of more than $5 to 7 billions is scandalous, said Talha Mehmood, Chairman Senate Standing Committee on Interior, in an exclusive interview with Business Recorder more... (BR)

sector Briefing

Wellhead gas prices may gush up 13pc
Wellhead gas prices are expected to increase by 13 per cent during 2HFY09, mainly due to steep decline in rupee value against US dollar. However average benchmark prices would remain stagnant, according to 'The Financial Daily' Research analysis more... (FD)

Rs 50.37 billion collected from GST, PDL on petroleum products
Government has collected Rs 50.37 billion from the imposition of General Sales Tax (GST) and Petroleum Development Levy (PDL) on petroleum products in the first four months of the current financial year (July to October) more... (BR)

Banks borrowing, lending fall
On November 20, the State Bank of Pakistan increased the cut off yield on treasury bills. The benchmark six-month T-bills rate was raised by 1.35 per cent to 14.01 more... (D)

 
(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