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December 03, 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
8,739.24
(1.14)%
HANGSENG
13,405.85
(5.00)%
NIKKEI 255
7,863.69
(6.30)%
FTSE
4,122.86
1.41%
DJI
8,419.09
3.31%
SSEC
1,921.59
1.69%
NASDAQ
1,449.80
3.70%

S.C.R.A
01-12-2008
(1.60)
December 08
(1.60)
YTD
(280.03)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.47%
KIBOR (6 months)
15.67%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
78.70
Rs/UK
117.22
Rs/EURO
99.32
Rs/OMAN RIYAL
205.59

commodities
Oil
$47.66/barrel
Oil Change in %
1.49%
Gold
$778.90/ounce
Gold Change in %
(0.56)%

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)
9.50
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 22, 08)
Rs.3,709bn

Daily Returns and NAVs
as of Dec 02, 2008
 
Offer
Redemption
POBOP
47.2898/-
46.8169/-
Daily Return
17.52%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.2253/-
50.7130/-
Daily Return
15.99%
POAF
10.6100/-
Daily Return
12.41%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Rs 423 billion taxes collected in July-November
The provisional collection of taxes by Federal Board of Revenue (FBR) for July-November (2008-09) period has so far amounted to Rs 423 billion, against the target of Rs 413.2 billion, reflecting an increase of Rs 9.8 billion more... (BR)

Oil rises after hitting 4-year low
Oil prices rose slightly on Tuesday on bargain-hunting, having slumped to near four-year lows at $46 earlier in the day on concerns over weak energy demand more... (D)

Wheat stock stands at 2.6mn tonne
ECC told ECC constitutes secys' committee to keep an eye on prices
The Economic Coordination Committee (ECC) of cabinet met under the chairmanship of Advisor to Prime Minister on Finance and Economic Affairs, Shaukat Tareen here at Prime Minister's Secretariat on Tuesday more... (FD)

Pakistan again offers joint investigation
Pakistan on Tuesday again offered Indian government to carry out joint investigation of the Mumbai carnage to unearth the real culprits behind the incident. While giving a policy statement, Foreign Minister Shah Mahmood Qureshi strongly condemned the incident, and said no justification could be given for such a horrendous act more... (BR)

Military action not being considered, says Mukherjee
India’s foreign minister said on Tuesday military action was not being considered but warned the peace process between Pakistan and India was at risk if Pakistan did not act decisively more... (D)

Security Council to discuss terrorism on December 9
The UN Security Council will hold talks on international efforts to combat terrorism next week in the wake of the Mumbai attacks that killed more than 180 people, Croatia's ambassador to the United Nations said Tuesday.The 15-member council will meet December 9. It was not yet decided whether representatives of India or Pakistan would be invited to the discussions more... (BR)

 

sector Briefing

Banks Non-performing loans rise to Rs290bn
Banks are facing serious problem of loans default as it has added Rs37 billion non-performing loans (NPLs) to the total figure reaching close to Rs290 billion in just three months more... (D)

New petroleum policy in the offing:
oil and gas royalty may be transferred to provinces
The government is likely to transfer the powers, of royalty collection on oil and gas reserves/production, from federal government to provinces to do away with the atmosphere of suspicion between them. Sources said that Petroleum Ministry is preparing new petroleum policy 2008 and would recommend to the government to make changes in rules of collection of royalty on oil and gas reserves more... (BR)

KESC exempted from duty on power plants import
Karachi Electric Supply Corporation has been exempted from custom duty on temporary import of power generation plants despite the fact the company is now a private entity. The proposal was considered by the Economic Co-ordination Committee (ECC) of the Cabinet on Tuesday presided over by the Prime Minister's Advisor on Finance, Shaukat Tarin more... (BR)

 
(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