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December 12, 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
9,645.46
(0.10)%
HANGSENG
15,613.90
0.23%
NIKKEI 255
8,720.55
0.70%
FTSE
4,388.70
0.49%
DJI
8,565.09
(2.24)%
SSEC
2,031.68
(2.28)%
NASDAQ
1,507.88
(3.68)%

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)
15.45%
KIBOR (6 months)
15.66%
PIB (10 years)
16.56%

Exchange Rates
Rs/US
78.70
Rs/UK
117.05
Rs/EURO
102.71
Rs/OMAN RIYAL
205.32

commodities
Oil
$45.57/barrel
Oil Change in %
(5.02)%
Gold
$815.40/ounce
Gold Change in %
(1.35)%

Inflation
CPI Gen. Nov 08 (YOY)
24.68%
CPI Gen. (Jul-Nov 08)
24.65%
NFNE Core INFL Nov 08 (YOY)
18.90%
NFNE Core INFL (Jul-Oct 08)
16.7%

Economic Indicators
US$ Reserves (Billion)
9.10
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 11, 2008
 
Offer
Redemption
POBOP
47.4708/-
46.9961/-
Daily Return
16.82%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.4174/-
50.9032/-
Daily Return
17.23%
POAF
10.6296/-
Daily Return
14.03%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

ADB extending $300 million loan to three provinces
The Asian Development Bank (ADB) is extending three loans totalling $300 million to three provinces of Pakistan in support of local government programs to boost sustainable growth, reduce poverty, and improve the health of women and infants more... (BR)

CPI inflation surged by 24.65 percent during five months
The CPI inflation has surged by 24.65 percent during the first five months of current fiscal over the same period of last year, according to Federal Bureau of Statistics (FBS). The inflation figures released by the FBS on Thursday recorded food inflation as high as 30.44 per cent during July-November, 20087 over the same period of last year with a marginal decline during November over previous month more... (BR)

Islamabad seen getting up to $2 billion from Saudi and UAE
Saudi Arabia and the United Arab Emirates (UAE) plan to pledge up to $2 billion to help Pakistan overcome a balance of payments crisis, a former International Monetary Fund (IMF) official said. "It is expected that the UAE ($1 billion) and Saudi Arabia ($500 million-$1 billion) will offer additional financing," said Mohsin Khan, former IMF director for the Middle East and Central Asia, in an e-mail response to Reuters received on Thursday more... (BR)

US backs Pakistan's terror war policies
US Deputy Secretary of State John D. Negroponte said here on Thursday his country fully supported Pakistan’s ‘war on terror’ policies. In his meetings with President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani, he said if Pakistan and India did not act sagaciously to contain the fallout from the Mumbai carnage, peace of the whole region would be affected more... (D)

Stop killing Pakistan's character: Zardari
US Deputy Secretary of State John Negroponte calls on Zardari, Gilani, Qureshi
High Level Leadership of country on Thursday again made it clear to US that character assassination of Pakistan must be immediately stopped stressing its role in war on terror is in front of the world more... (FD)

Government imposes ban on Jamaatud Dawa; assets frozen, leaders held
The government has imposed ban on defunct Jamaatud Dawa allegedly linked to the Mumbai attacks, arrested some of its senior leaders and ordered to freeze its assets. The decision to this effect was taken at a high-level meeting between President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani following their meeting with the US Deputy Secretary of State John Negroponte here on Thursday more... (BR)

 

sector Briefing

SECP tells three bourses to remove stock index floor by December 15
The Securities and Exchange Commission of Pakistan (SECP) has finally directed all the three stock exchanges to lift the floor mechanism from December 15 and restrained its board of directors from interfering in the normal functioning of the bourses for 90 days period more... (BR)

Pakistan to be dropped from MSCI emerging markets index this month
MSCI Barra (NYSE: MXB), a leading provider of investment decision support tools world-wide, including indices and portfolio risk and performance analytics, announced on Wednesday that it will remove the MSCI Pakistan Index from the MSCI Emerging Markets Index as of the close of December 31, 2008 more... (BR)

Oil & gas output flat in 4MFY09Ghulam Raza Rajani
Oil & gas production almost remained flat and stood at 735,000 barrels of oil equivalent per day (kbpeod) during 4MFY09 as against 733.5 kbpeod in 4MFY08 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