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January 01, 2009

Statistics
KSE 100 Index
Previous Index
6,037.38
Current Index
5,865.01
Change %
(2.86)%
YTD (CY08)
(58.30)%
YTD (FY09)
(52.30)%

International Indicates
 
Close
Percentage
BSE-30
9,647.31
(0.71)%
HANGSENG
14,347.48
1.07%
NIKKEI 255
8,859.56
0.00%
FTSE
4,434.20
0.94%
DJI
8,776.39
1.25%
SSEC
1,820.81
(0.66)%
NASDAQ
1,577.03
1.70%

S.C.R.A
30-12-2008
(1.41)
December 08
(29.71)
YTD
(308.13)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.00%
KIBOR (3 months)
15.52%
KIBOR (6 months)
15.70%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
78.90
Rs/UK
113.90
Rs/EURO
111.11
Rs/OMAN RIYAL
206.32

commodities
Oil
$44.60/barrel
Oil Change in %
14.27%
Gold
$884.30/ounce
Gold Change in %
1.64%

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)
9.44
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 27, 08)
Rs.3,801bn

Daily Returns and NAVs
as of Dec 31, 2008
 
Offer
Redemption
POBOP
N/A
N/A
Daily Return
N/A
POASF
N/A
N/A
Daily Return
N/A
POAIF
N/A
N/A
Daily Return
N/A
POAIIF
N/A
N/A
Daily Return
N/A
POAF
N/A
Daily Return
N/A
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Pakistan to receive $500 million each from China and World Bank: Tarin
Pakistan will receive $500 million from China by January 4 or 5, and would also avail $500 million tranche during this quarter (January-March), says Advisor to PM on Finance Shaukat Tarin. He said that the government stock market fund would start buying in market from next week more... (BR)

Domestic factors pushed rupee down in 2008
A number of factors, including economic and political, pushed the rupee down approximately 28 percent against dollar on both interbank and open markets during 2008 calendar year. In spite of global sell-off, the local currency and stock market experienced biggest ever losses in about two decades more... (BR)

Malaysia, number-one Foreign Direct Investment (FDI) maker in Pakistan
World investors looking to Pakistan
Malaysia tops the list of investors making Foreign Direct Investment (FDI) in Pakistan during first six month of the year 2008, according to data released by Ministry of Foreign Affairs more... (FD)

Bush, India and Pakistan agree on need to douse tensions
US President George W. Bush spoke with Indian and Pakistani leaders Wednesday and agreed on the need to avoid any moves that could heighten tensions between the nuclear-armed neighbours. Speaking separately with Indian Prime Minister Manmohan Singh and Pakistani President Asif Ali Zardari, Bush "urged both ... to cooperate with each other in the Mumbai attack investigation as well as on counter terrorism in general," said White House spokesman Gordon Johndroe more... (BR)

Pakistan and India to swap list of nuclear facilities today
Despite tensions happened following Mumbai incident, Pakistan and India are exchanging lists of nuclear facilities and prisoners today (Thursday). Both the countries have been exchanging the list on the first day of every new year under an agreement since 1992 more... (BR)

 

sector Briefing

Issue of outstanding CFS shares settled
The settlement of outstanding CFS shares of financees worth Rs 6.6 billion has been completed under the proposed CFS Mk-II square-up scheme by the National Clearing Company of Pakistan Limited (NCCPL) on Wednesday. The most crucial issue of outstanding CFS shares has been settled as all such shares offered by the 89 financees were bought by financiers and government owned institutions on 12.5 percent discount from December 24, 2008 closing levels more... (BR)

Government approves gas tariff hike
The government has approved an increase in the gas tariff which will be effective from January 1, 2009 (Today). Under the new tariff, the gas rates have been raised by 5-17 per cent. The government has sent the summary in this regard to Oil and Gas Regulatory Authority (OGRA) more... (FD)

2008 saw massive outflow of $383.876 million from KSE
A massive outflow $383.876 million of foreign portfolio investment from the country's equity market was witnessed in the calendar year from January 1, 2008 to December 31, 2008. "The foreign investors preferred to offload their holdings due to political uncertainty, weakening economic indicators, downgrading of ratings, law and order and geo-political situation," analysts said 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