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November 27, 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
9,026.72
3.81%
HANGSENG
13,369.45
3.81%
NIKKEI 255
8,213.22
(1.33)%
FTSE
4,152.69
(0.44)%
DJI
8,726.61
2.91%
SSEC
1,888.71
(0.44)%
NASDAQ
1,193.09
4.42%

S.C.R.A
25-11-2008
(11.57)
November 08
(23.97)
YTD
(275.99)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.45%
KIBOR (6 months)
15.56%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
77.50
Rs/UK
120.79
Rs/EURO
101.58
Rs/OMAN RIYAL
205.66

commodities
Oil
$53.37/barrel
Oil Change in %
4.24%
Gold
$816.60/ounce
Gold Change in %
0.32%

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
164.95mn
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 25, 2008
 
Offer
Redemption
POBOP
47.1656/-
46.6939/-
Daily Return
17.38%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.0336/-
50.5233/-
Daily Return
13.48%
POAF
10.5877/-
Daily Return
N/A
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

KSE board to discuss floor removal possibility today
The Board of Directors of Karachi Stock Exchange (KSE) will discuss the possibility of removal of 'floor' mechanism in its meeting on Thursday. It is also learnt that National Clearing Company of Pakistan Limited (NCCPL) would also hold its meeting in the afternoon after KSE board meeting more... (BR)

World Bank stipulates 20 percent more raise in power tariff from 2009
The World Bank has stipulated a further 20 percent increase in power tariff from January 2009, or recovery of a portion of the receivables of distribution companies (Discos), amounting to Rs 46 billion, sources in the Ministry of Water and Power told Business Recorder here on Wednesday more... (BR)

Plan to sell 51pc shares of NPCC approved
The board of Privatisation Commission (PC) on Wednesday approved a plan for holding an open bidding for the acquisition 51 per cent shares of National Power Construction Company (NPCC).The meeting chaired by Federal Minister for Privatisation Syed Naveed Qamar gave the go-ahead for the bidding of NPCC together with management control on “as is where is” basis more... (D)


Kayani seeks friendly nations' help against US missile attacks
Chief of Army Staff General Ashfaq Parvez Kayani has called upon the friendly nations to play their due role to stop the continuous missile attacks by the US drones on Pakistani soil. He stated this while talking to British Foreign Secretary David Miliband, who called on him in Rawalpindi on Wednesday more... (BR)

Terrorist attacks in Mumbai claim at least 80 lives; hundreds taken hostage
Heavy exchanges of gunfire were taking place at around 2 this morning between police and terrorists, who were holed up in two luxury hotels in south Mumbai, after the worst terrorist attack in India had seen at least 80 people killed and over 150 injured.The army was called out as terror attacks swept through the city late at night, with a third 5-star hotel in a suburb also having came under attack. Police claimed to have killed two terrorists, even as a police vehicle was hijacked by the attackers more... (D)

 

sector Briefing

Non-payment of dues: PSO and gas companies may suspend supply to Wapda, two IPPs
Pakistan State Oil (PSO) and gas companies may suspend fuel and gas supply to Water and Power Development Authority (Wapda) due to non-payment of dues. The possibility of suspension of supply to Wapda figured in a meeting chaired by Dr Asim Hussain, Advisor to Prime Minister on Petroleum and Natural Resources more... (BR)

70pc fall recorded in 5 foreign banks' profitMohammad Shariq
Five major foreign banks operating in Pakistan have registered nearly 70 per cent decline in profit during the nine months (January-September) of the year 2008 (9MCY08). These banks are Barclays, Citibank, Deutsche Bank, HSBC and Oman Bank International more... (FD)

Telecoms growth slows despite robust marketingAnnual Report 2008 of PTA
ISLAMABAD: Although the rise in the number of mobile subscribers in the country has been extremely rapid over the past three quarters of 2008, the data of the telecom sector reflects a slowdown in growth more... (FD)

 
(D): Dawn (BR): Business Recorder (FD): The Financial Daily (DT): Daily Times
Research Team:
Shoaib Ali Khan
Department Head

Shayan Hasan
Sernior Analyst
Imran Altaf
Analyst
Faiz Malik
Database
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