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December 11, 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
9,654.90
5.37%
HANGSENG
15,577.74
5.59%
NIKKEI 255
8,660.24
3.15%
FTSE
4,367.30
(0.32)%
DJI
8,761.42
0.81%
SSEC
2,079.12
2.03%
NASDAQ
1,565.48
1.17%

S.C.R.A
05-12-2008
(2.85)
December 08
(6.23)
YTD
(284.66)

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)
16.56%

Exchange Rates
Rs/US
78.70
Rs/UK
115.57
Rs/EURO
100.09
Rs/OMAN RIYAL
204.52

commodities
Oil
$43.72/barrel
Oil Change in %
0.46%
Gold
$803.90/ounce
Gold Change in %
(0.61)%

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 29, 08)
Rs.3,756bn

Daily Returns and NAVs
as of Dec 06, 2008
 
Offer
Redemption
POBOP
47.3698/-
46.8961/-
Daily Return
16.39%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.3056/-
50.7925/-
Daily Return
13.73%
POAF
10.6105/-
Daily Return
(29.10)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

100 percent surge recorded in 2007-08 fiscal deficit
All balance indicators of fiscal performance depicted sudden deterioration in last fiscal year 2007-08, resulting in record increase of over 100 percent fiscal deficit, to Rs 777 billion, highest during last ten years. Overall fiscal deficit surged by 105 percent from Rs 377.5 billion in fiscal year 2007 to Rs 777.2 billion in fiscal year 2008 more... (BR)

SECP to issue directive to resolve stock market problems
The Securities and Exchange Commission of Pakistan (SECP) on Saturday listened to all stakeholders, including financiers and financees, and, being the regulator, it would thereby issue its directives soon to resolve the issues, before removal of price floor more... (BR)

Oil rises above $43 - News BriefingLONDON:
Oil rose above $43 a barrel on Monday, as a rebound in global equity markets and further evidence of supply cuts by top exporter Saudi Arabia helped the market break a six-session losing streak more... (FD)

Mumbai attacks: DCC decides to renew offer for joint investigation
The Defence Committee of the Cabinet (DCC) on Monday reiterated the resolve that Pakistan's soil will not be allowed to be used for any kind of terrorist activity. Minister for Information and Broadcasting Sherry Rehman told the newsmen after the meeting that the Committee said that Pakistan is a responsible country and would not allow its soil to be used for terror purposes more... (BR)

Islamabad proposes sending delegation to New Delhi
Pakistan Monday proposed sending a high-level delegation to New Delhi "as soon as possible" to help India investigate the Mumbai attacks, the foreign ministry here said. The proposal came from Pakistani foreign secretary Salman Bashir when he met India's high commissioner Satyabrata Pal in Islamabad more... (BR)

Pakistan has taken positive steps: US
The United States said on Monday that Pakistan had taken “some positive steps” to help India probe the attacks in Mumbai, but added that more cooperation was needed to prevent any follow-on attacks. Pakistan resident Asif Ali Zardari telephoned US Secretary of State Condoleezza Rice on Monday to brief her on actions taken by Pakistan since her visit to Islamabad and Delhi last week, Rice’s spokesman Sean McCormack said more... (D)

 

sector Briefing

Fertiliser crisis: Sindh likely to miss target of Rabi crop
Sindh is likely to miss its target of Rabi crop as the majority of growers are compelled to use urea fertilisers instead of DAP because of price differences, it is reliably learnt more... (BR)

Luxury cars 'sale permissions' sent to foreign office for verification
In a major development in the diplomatic cars scam, the Model Customs Collectorate (MCC), Rawalpindi, has provided all "sale permissions" of luxurious vehicles to the Ministry of Foreign Affairs for verification of documents more... (BR)

BoI and Chinese companies to meet on monthly basis
Chairman Board of Investment Saleem H. Mandviwalla and representatives of Chinese Companies will meet every month to review progress of Chinese investment in Pakistan and remove any bureaucratic bottlenecks, red tapism, misgivings or difficulties in implementing of their projects 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