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December 30, 2008

Statistics
KSE 100 Index
Previous Index
6,487.52
Current Index
6,294.67
Change %
(2.97)%
YTD (CY08)
(55.30)%
YTD (FY09)
(48.80)%

International Indicates
 
Close
Percentage
BSE-30
9,533.52
2.19%
HANGSENG
14,328.48
1.00%
NIKKEI 255
8,747.17
0.10%
FTSE
4,319.35
2.40%
DJI
8,483.93
(0.37)%
SSEC
1,850.48
(0.06)%
NASDAQ
1,510.32
(1.30)%

S.C.R.A
26-12-2008
(1.09)
December 08
(26.07)
YTD
(304.49)

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
79.00
Rs/UK
116.07
Rs/EURO
111.83
Rs/OMAN RIYAL
206.82

commodities
Oil
$40.28/barrel
Oil Change in %
0.65%
Gold
$878.40/ounce
Gold Change in %
0.35%

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-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 29, 2008
 
Offer
Redemption
POBOP
46.8277/-
46.3594/-
Daily Return
--
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
50.8825/-
50.3737/-
Daily Return
--
POAF
10.6473/-
Daily Return
--
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Economy improving through entering programme under IMF aegis: SBP
The country's ailing economy is witnessing improvement and has started to ease from the crisis since November, that had circumscribed it during the early months of the current fiscal year. However, despite some improvement, the country needs effective policies and implementation of reforms in the fiscal year FY09 to regain the macroeconomic stability and meet economic challenges, says the (SBP) First Quarterly Report (July-September) FY09, released on Monday more... (BR)

FBR surpasses revenue target of Rs 413.2 billion for July-November FY2009
The Federal Board of Revenue (FBR) has surpassed its revenue target of Rs 413.2 billion for July-November FY09, despite a shortfall of Rs 12.3 billion in direct tax collections, says State Bank of Pakistan's first quarterly report released on Monday more... (BR)

July-November external account remained under stress
Pakistan's external account remained under stress through July-November FY09, as acceleration in the growth of the current account deficit, and sharply reduced financial & capital account inflows drew the country's foreign currency reserves to perilously low levels, revealed SBP's first quarterly report more... (BR)

 

Rice urges restraint as relocation of troops alarms US
Pakistan’s decision to redeploy troops from the Afghan to the Indian border appears to have alarmed Washington, forcing Secretary of State Condoleezza Rice to telephone President Asif Zardari and Indian Foreign Minister Pranab Mukherjee more... (D)

China calls for immediate de-escalation of tension
China called on Monday for immediate steps for de-escalation of tension and resumption of dialogue between India and Pakistan and warned that a lingering crisis would strengthen terrorists more... (D)

 

sector Briefing

ECC to empower Ogra to monitor furnace oil pricing
The Economic Co-ordination Committee (ECC) of the Cabinet is to empower the Oil and Gas Regulatory Authority (Ogra) to monitor furnace oil price amid strong criticism by Petroleum Ministry over Ogra Chairman for 'lying' on the issue, official sources told Business Recorder more...

SSGCL and SNGPL move Ogra for gas price cut as per world oil reduction
Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) have filed petition with Oil and Gas Regulatory Authority (Ogra) to reduce gas prices in line with the reduction of crude and furnace oil prices in the international market effective July 1, 2009 more... (BR)

148 parties consent to square up Rs6.5bn: Unsettled CFS of Rs9.5bn
As many as 60 financiers (lenders) and 88 financees (borrowers) had submitted their consent to the National Clearing Company of Pakistan (NCCPL) for participation in the CFS MK-II more... (D)

 
(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