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November 25, 2008

Statistics
KSE 100 Index
Previous Index
9,187.10
Current Index
9,187.10
Change %
0.00%
YTD (CY08)
(34.76)%
YTD (FY09)
(25.26)%

International Indicates
 
Close
Percentage
BSE-30
8,903.12
(0.14)%
HANGSENG
12,457.94
(1.59)%
NIKKEI 255
7,910.79
2.70%
FTSE
4,152.96
9.84%
DJI
8,443.39
4.93%
SSEC
1,969.39
(0.72)%
NASDAQ
1,154.34
6.33%

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)
15.64%
PIB (10 years)
16.54%

Exchange Rates
Rs/US
78.00
Rs/UK
119.32
Rs/EURO
101.32
Rs/OMAN RIYAL
206.77

commodities
Oil
$53.62/barrel
Oil Change in %
5.93%
Gold
$813.30/ounce
Gold Change in %
3.29%

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
164.93mn
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 24, 2008
 
Offer
Redemption
POBOP
47.1244/-
46.6532/-
Daily Return
18.70%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N//A
POAIIF
50.9983/-
50.4883/-
Daily Return
14.45%
POAF
10.6465/-
Daily Return
6.76%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

SECP notifies NBFC, Notified Entities Regulations 2008
The Securities and Exchange Commission of Pakistan (SECP) has notified the Non-Banking Finance Companies and Notified Entities Regulations, 2008. Earlier, the draft of these Regulations was notified in August 2008 for soliciting public opinion more... (BR)

KSE awaits funds; SECP trying to do needful
Efforts were being made to arrange funds and the process was under documentation, chairman, Securities and Exchange Commission of Pakistan (SECP), Mr Razi-ur-Rehman Khan, told Dawn on Monday evening more... (D)

Proposal for empowering Ogra to determine furnace oil prices deferred
The government has deferred the proposal to empower the Oil and Gas Regulatory Authority (Ogra) to determine furnace oil prices; and is working to authorise Ogra to play a monitoring role to maintain checks and balance on prices in the country more... (BR)

Zardari, Khalifa resolve to expand trade
President Asif Ali Zardari and United Arab Emirates President Sheikh Khalifa bin Zayed Al Nahyan have expressed their resolve to upgrade and strengthen bilateral ties, particularly in the fields of trade and economy more... (D)

UAE firms want to invest
Heads and chief executives of two major UAE companies including the Abu Dhabi Fund for Development and Etisalat separately called on President Asif Ali Zardari here on Monday and expressed their keenness to further invest in different fields in Pakistan more... (BR)

IMF approves $7.6 billion package
International Monetary Fund (IMF) on Monday approved $7.6 billion bailout package for Pakistan, Aaj TV reported. Pakistan is likely to get between $3.5 billion and $4 billion initially while the rest will be distributed in six equal instalments. The money is likely to be transferred to the State Bank of Pakistan's account in the US Federal Reserve in New York more... (BR)

 

sector Briefing

MCB, NBP, UBL and HBL support ratings affirmed at '5': Fitch release on Pakistani banks
NEW YORK (November 25, 2008): The Individual ratings of these banks reflect their modest balance sheet strength in an international context, and generally good profitability. The ratings also factor the very volatile operating environment in Pakistan, which poses significant challenges and risks more... (BR)

Acquisition of NIB right shares: Country receives $97.5 million from Temasek Singapore
Country has received some $97.5 million sent by "Temasek Singapore" for acquisition of NIB Bank's right shares under its plan to raise a paid-up capital of the bank up to Rs 40 billion, banking sources told Business Recorder on Monday more... (BR)

Petrol may cost less than diesel
The government is mulling over a proposal to make petrol cheaper than diesel to enable the country’s refineries to operate at their full capacity and save foreign exchange more... (D)

Steel sector's growth down by 39 percent in first quarter
Steel sector's growth in larger scale manufacturing (LSM) in the first three months has declined sharply with billets and ingots, registering a fall of 39 percent and pig iron of 10 percent. According to Federal Bureau of Statistics (FBS) reports on LSM for July-September 2008, the growth in high current resistant (HCR) sheets/ strips/ coils/plates was also negative, i. e. 22.04 percent 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