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December 24, 2008

Statistics
KSE 100 Index
Previous Index
7,217.46
Current Index
6,924.15
Change %
(4.06)%
YTD (CY08)
(50.81)%
YTD (FY09)
(49.71)%

International Indicates
 
Close
Percentage
BSE-30
9,686.75
(2.43)%
HANGSENG
14,220.79
(2.80)%
NIKKEI 255
8,723.78
1.60%
FTSE
4,255.98
0.16%
DJI
8,419.49
(1.18)%
SSEC
1,987.76
(0.00)%
NASDAQ
1,183.19
(0.50)%

S.C.R.A
22-12-2008
(0.97)
December 08
(21.82)
YTD
(300.24)

Money Market Updates
Tbill Cut-off
 
1 year
12.79%
6 month
14.01%
KIBOR (3 months)
15.50%
KIBOR (6 months)
15.68%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.50
Rs/UK
116.42
Rs/EURO
110.05
Rs/OMAN RIYAL
205.90

commodities
Oil
$39.04/barrel
Oil Change in %
(1.04)%
Gold
$840.50/ounce
Gold Change in %
(0.77)%

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
165.17mn
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
47.6861/-
47.2092/-
Daily Return
14.76%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
51.9910/-
51.4711/-
Daily Return
22.75%
POAF
10.6762/-
Daily Return
16.34%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

NCCPL recommends suspension of 34 KSE brokers
The National Clearing Company of Pakistan Limited (NCCPL) has sent a notice to Karachi Stock Exchange (KSE) and recommended to suspend the 34 brokers from the trading system, who failed to deposit their outstanding mark-to-market losses more... (BR)

Gas exporting states set up forum
Gas exporting states on Tuesday finalised the creation of a new Qatar-based forum aimed at coordinating gas policy that consumer countries fear could become the gas equivalent of oil cartel Opec more... (D)

Iranian oil on deferred payments in pipeline
Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain has highlighted that Pakistan is vigorously pursuing IPI (Iran-Pakistan-India) gas pipeline project to meet the growing energy demands and possibility of increasing imports of crude and petroleum products more... (FD)

China urges India and Pakistan to improve ties
China on Tuesday urged India and Pakistan to improve their relations after the Mumbai terrorist attacks, which have raised tensions between the two neighbours. India blames Pakistan-based militants for the deadly November 26-29 siege of parts of Mumbai that killed 163 people and has refused to rule out a military response more... (BR)

Mullen all praise for Gen Kayani
The United States places much emphasis on its ties with the Pakistani military for ending tensions between India and Pakistan and for winning the war against terror, says the top military official more... (D)

No middle measures for National Security, says Zardari
President Asif Ali Zardari on Tuesday made it clear that Pakistan will never compromise on issues of National Security, urging it wants peaceful relations in entire South Asia.
He expressed these views during his separate meetings with Chairman Joint Chief of Staff Committee General Tariq Majeed and UN Coordinator in China Khalid Malik more... (FD)

sector Briefing

International coal prices fall benefits local cement makers
Australian power-station coal prices, a benchmark for Asia, fell below $80 a tonne amid concerns over faltering global demand.However, thermal coal prices on the global COAL Newcastle weekly index fell $3.63 from $77.81 a tonne in the week ended December 20, based on free-on-board prices at Aussie Newcastle port, the world's largest coal export terminal more... (FD)

Issue of dealership of ZTBL subsidiary: payment to local tractor maker withheld
The Zarai Taraqiati Bank Limited (ZTBL) is reported to have withheld payments to local tractor manufacturers after they refused to give dealership of ZTBL's subsidiary to one of the top officials, sources told Business Recorder. Kisan Support Program is a subsidiary of the Bank and its Managing Director, a retired brigadier, is understood to have strong connections in the ruling party more... (BR)

Colgate-Palmolive: Siemens to implement SAP ERP software solution
Siemens to implement SAP ERP software solution at Colgate-Palmolive (Pakistan) Limited. Siemens considered as partner of choice for fast growing companies planning establishment of solid IT foundations to fuel business growth 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