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December 29, 2008

Statistics
KSE 100 Index
Previous Index
6,660.18
Current Index
6,487.52
Change %
(2.59)%
YTD (CY08)
(53.91)%
YTD (FY09)
(47.21)%

International Indicates
 
Close
Percentage
BSE-30
9,328.92
(2.51)%
HANGSENG
14,184.14
(0.26)%
NIKKEI 255
8,739.52
1.60%
FTSE
4,216.59
(0.93)%
DJI
8,515.55
0.56%
SSEC
1,851.52
(0.05)%
NASDAQ
1,530.24
0.35%

S.C.R.A
24-12-2008
(1.25)
December 08
(24.97)
YTD
(303.40)

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
78.80
Rs/UK
116.41
Rs/EURO
110.69
Rs/OMAN RIYAL
205.17

commodities
Oil
$39.12/barrel
Oil Change in %
3.74%
Gold
$885.70/ounce
Gold Change in %
1.66%

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 (Dec 20, 08)
Rs.3,761bn

Daily Returns and NAVs
as of Dec 26, 2008
 
Offer
Redemption
POBOP
47.7410/-
47.2636/-
Daily Return
14.83%
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
52.0426/-
51.5222/-
Daily Return
12.84%
POAF
10.6664/-
Daily Return
(21.15)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

‘Sustainable growth not possible without stabilisation'
State Minister for Finance and Revenue Hina Rabbani Khar has termed macroeconomic stability a priority area for achieving sustainable growth. While agreeing that the economic indictors did not presently look more... (D)

Capital gains tax may be counter productive
The IMF prescription to round up all exempted money generating sectors into the tax net is believed to be inspired more by the need to know the source of funds, than the amount of income generated more... (D)

Deal signed for Rs 20 billion 'Market Opportunity Fund'
An agreement was signed on Sunday among the participants for creating a Rs 20 billion 'Market Opportunity Fund' (MOF) regarding government guarantee, it is learnt. The fund will be managed by National Investment Trust (NIT) more... (BR)

India denies issuing ultimatum; DGMOs hold talks
India on Sunday denied it had threatened Pakistan with any ultimatum during the current crisis and said it would hand over all evidence that Pakistan needs from more... (D)

PPP swings into action to block League merger
Punjab Governor Salman Taseer went to the residence of PML-Q leader Pervaiz Elahi amid reports about a thaw in relations between the two main factions of Pakistan Muslim League more... (D)

 

sector Briefing

KASB Bank and Atlas Bank merger fails to materialise
The merger between KASB Bank and Atlas Bank failed to materialise as the valuation of Atlas Bank Limited underwent a change after it availed a Rs 2.7 billion liquidity facility from the State Bank of Pakistan. According to informed source the valuation of Atlas Bank shares, after due diligence, was estimated at Rs 3.7 billion more... (BR)

Dull domestic sales lend lift to cement exportSyed Mohammed Irtiza
With the beginning of winter in the country, domestic consumption of cement has substantially declined which gave a chance to the local manufacturers to export larger quantity more... (FD)

Sugar sector at half of its capacity utilisationAzeem Akhtar
A review of last five years' data has revealed that the average capacity utilisation of sugar industry remained at around 50 per cent, The Financial Daily analyst says more... (FD)

 

 
(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