BasedLine
LOGO
December 22, 2008

Statistics
KSE 100 Index
Previous Index
7,785.26
Current Index
7,514.42
Change %
(3.47)%
YTD (CY08)
(46.62)%
YTD (FY09)
(45.43)%

International Indicates
 
Close
Percentage
BSE-30
10,099.91
0.23%
HANGSENG
15,127.51
(2.39)%
NIKKEI 255
8,588.52
(0.91)%
FTSE
4,286.93
(1.01)%
DJI
8,579.11
(0.30)%
SSEC
2,018.46
0.14%
NASDAQ
1,217.19
1.03%

S.C.R.A
19-12-2008
(0.44)
December 08
(20.84)
YTD
(299.26)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.49%
KIBOR (6 months)
15.68%
PIB (10 years)
16.65%

Exchange Rates
Rs/US
79.00
Rs/UK
117.74
Rs/EURO
110.45
Rs/OMAN RIYAL
209.84

commodities
Oil
$43.10/barrel
Oil Change in %
18.53%
Gold
$844.50/ounce
Gold Change in %
(0.86)%

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-Nov 08)
17.10%

Economic Indicators
US$ Reserves (Billion)
9.34
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.15mn
Trade Deficit (Jul-Nov 08)
$(8.74)bn
Curr. A/C (Jul-Nov 08)
$(6.85)bn
Remittances (Jul-Nov 08)
$2.97bn
Foreign Investment (Jul-Nov 08)
$1.44bn
All Scheduled Banks Deposit Base (Nov 29, 08)
Rs.3,756bn

Daily Returns and NAVs
as of Dec 18, 2008
 
Offer
Redemption
POBOP
47.6329/-
47.1566/-
Daily Return
70.39%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.9084/-
51.3893/-
Daily Return
85.47%
POAF
10.6645/-
Daily Return
13.89%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Purchase of urea on deferred payment: Saudi Arabia refuses $400 million credit facility
Saudi Arabia has refused to provide $400 million additional credit facility to Pakistan for the purchase of urea on deferred payment, well-placed sources told Business Recorder here on Sunday. According to sources, at present the country is facing Urea shortage more... (BR)

Purchase of 75 locomotives: award of contract to Chinese firm evokes controversy
A glaring lack of transparency or fair play perceptibly bordering on infighting, bickering and squabbles among the senior officials of the Railways and the Railways Ministry has led to cause a highly unfortunate situation more... (BR)

Move to give statutory status to PPIB
The government has decided to give statutory status to the Private Power and Infrastructure Board (PPIB) through an Act of Parliament, in a bid to improve its performance. The decision was taken at the 79th meeting of PPIB, with Federal Minister for Water and Power Pervez Ashraf in the chair here on Sunday more... (BR)

Gwadar port becomes operational: Urea ship offloaded
Federal Minister for Port and Shipping Nabil Ahmed Gabol has lauded the efforts of Balochistan Chief Minister Aslam Raisani for making Gwadar seaport functional more... (BR)

Sonia warns Pakistan
Congress party chief Sonia Gandhi warned Pakistan on Sunday against “taking India’s wish for peace as a sign of weakness” and said her country was capable of giving more... (D)

Govt, armed forces alive to situation, says Qureshi
The government and armed forces were fully alive to the situation and fully capable of countering any aggression, Foreign Minister Shah Mehmood Qureshi said here on Sunday more... (D)

Zardari to visit Kabul in early January: Qureshi
Foreign Minister Makhdoom Shah Mehmood Qureshi has said that we can interrogate the persons wanted by he Indian government, according to our own laws and constitution. He said that our defence capability is up to the mark and we hold the right to defend ourselves if war is imposed on us. He said this while talking to newsmen here on Sunday at local airport more... (BR)

sector Briefing

Fixing OMCs, dealers' margins: government working to revise oil pricing formula
The government is working on revising the current oil pricing formula to fix the margins of oil marketing companies (OMCs) and dealers by capping upper and lower levels at $70 and $80 per barrel more... (BR)

Rs 24 billion owed to Wapda, not Rs 75 billion: KESC chief
Wapda's demand of Rs 75 billion against Karachi Electric Supply Company (KESC) is unrealistic, and the actual amount is around Rs 24 billion, said Naveed Ismail, Chief Executive Officer (CEO), at a press conference at a local hotel on Saturday more... (BR)

PPL declares dividend
The board of directors of Pakistan Petroleum Limited (PPL) has approved the payment of interim dividend for the year ending on June 30, 2009 at Rs 5.00 per share i.e. 50 percent on fully paid ordinary shares and Rs 3.00 per share i.e. 30 percent on fully paid convertible preference shares of Rs 10 each more... (BR)

 
(D): Dawn (BR): Business Recorder (FD): The Financial Daily
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