BasedLine
LOGO
January 02, 2009

Statistics
KSE 100 Index
Previous Index
5,865.01
Current Index
5,753.18
Change %
(1.91)%
YTD (CY08)
(58.30)%
YTD (FY09)
(53.20)%

International Indicates
 
Close
Percentage
BSE-30
9,903.46
2.66%
HANGSENG
14,387.48
1.07%
NIKKEI 255
8,859.56
1.30%
FTSE
4,434.17
0.94%
DJI
8,778.54
1.27%
SSEC
1,820.81
(0.66)%
NASDAQ
1,577.03
1.70%

S.C.R.A
31-12-2008
(1.80)
December 08
(31.51)
YTD
(309.93)

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
205.78

commodities
Oil
$42.97/barrel
Oil Change in %
(3.65)%
Gold
$875.50/ounce
Gold Change in %
(1.00)%

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)
9.66
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 Jan 01, 2009
 
Offer
Redemption
POBOP
47.0889/-
46.6180/-
Daily Return
3.75%
POASF
52.81/-
51.49/-
Daily Return
23.70%
POAIF
51.05/-
49.77/-
Daily Return
15.80%
POAIIF
50.9585/-
50.4489/-
Daily Return
37.11%
POAF
10.6392/-
Daily Return
14.32%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

July-December tax collections up by Rs 108 billion
The Federal Board of Revenue (FBR) has provisionally collected Rs 538 billion in July-December (2008-2009) against Rs 430 billion in the corresponding period last fiscal, reflecting an increase of Rs 108 billion. Sources told Business Recorder on Thursday that the FBR is expecting an additional revenue of Rs 6-10 billion, which would take the overall collection to over Rs 548 billion more... (BR)

Forex cache stands at $9.6619 billion
Pakistan's total liquid foreign reserves stood at $9.6619 billion, said a statement issued by the State Bank of Pakistan here on Thursday. On December 27, 2008, the foreign reserves held by the State Bank figured $6.3699 billion, while net foreign reserves held by banks other than SBP amounted dollars 3.292 billion. -APP more... (FD)

Zardari convenes meeting on power and gas crisis today
The government is compelled to immediately allocate Rs 80 billion to Water and Power Development Authority (Wapda) and Independent Power Producers (IPPs) to clear dues of fuel suppliers and ensure a smooth supply to continue operations more... (BR)

US wants Mumbai suspects tried in Pakistan, not to call for extradition
The US administration is now urging Pakistan to ensure that those responsible for the Mumbai terror attacks are punished inside the country instead of being extradited to India, US sources told Dawn more...

Pakistan and India exchange lists of nuclear installations
Pakistan and India on Thursday exchanged lists of their respective nuclear installations and facilities in accordance with Article-II of the agreement on prohibition of attacks against nuclear installations and facilities of December 31, 1988 more... (BR)

 

sector Briefing

NIT launches Rs 20 billion State Enterprise Fund
The National Investment Trust (NIT) has formally launched the much awaited Rs 20 billion NIT State Enterprise Fund (NIT-SEF) on Thursday. This is an open-end fund and is a separate fund in all respects from the existing funds being managed by NIT, Tariq Iqbal Khan, Chairman and MD, NIT said at press conference here more... (BR)

Banking industry begins to show signs of slowdown
After witnessing a strong growth during last few years, the banking industry has now started showing signs of slowdown, as deposits, assets, investment and profitability of banking sector is on decline while credit risk, market risk, interest risk, NPLs and advances are widening more... (BR)

KSE timings revised
Karachi Stock Exchange (KSE) has revised the trading timing effective from January 05, 2009. According to a KSE notice, sent to the members, now the pre-open session will be held from 09:15am to 09:30am. The market will open at 09:30am and will close at 03:30pm from Monday to Thursday 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