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January 06, 2009

Statistics
KSE 100 Index
Previous Index
5,793.57
Current Index
5,917.90
Change %
2.15%
YTD (CY08)
(58.30)%
YTD (FY09)
(51.84)%

International Indicates
 
Close
Percentage
BSE-30
10,275.60
3.19%
HANGSENG
15,563.31
3.46%
NIKKEI 255
9,043.12
2.07%
FTSE
4,579.64
0.39%
DJI
8,952.89
(0.91)%
SSEC
1,880.72
3.29%
NASDAQ
1,628.03
(0.26)%

S.C.R.A
02-01-2009
(9.50)
January 09
(9.50)
YTD
(319.43)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.00%
KIBOR (3 months)
15.49%
KIBOR (6 months)
15.68%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
78.90
Rs/UK
114.27
Rs/EURO
109.49
Rs/OMAN RIYAL
206.61

commodities
Oil
$48.09/barrel
Oil Change in %
(1.48)%
Gold
$854.70/ounce
Gold Change in %
(0.36)%

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 05, 2009
 
Offer
Redemption
POBOP
47.1632/-
46.6916/-
Daily Return
15.93%
POASF
52.91/-
51.59/-
Daily Return
32.74%
POAIF
51.11/-
49.83/-
Daily Return
20.11%
POAIIF
51.0326/-
50.5223/-
Daily Return
14.18%
POAF
10.6542/-
Daily Return
13.19%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Interest rate will not be increased: all IMF targets met, says Tarin
Finance Ministry has achieved all IMF targets, including 2 percent fiscal deficit by the end of December 2008, and tax collection likely to touch 10.5 percent of GDP as discussed and agreed, said Advisor to PM on Finance, Shaukat Tarin more... (BR)

Group firms registration regulations introduced
The Securities and Exchange Commission of Pakistan (SECP) has promulgated the Group Companies Registration Regulations, 2008 to provide a regulatory framework for the formation of such companies, comprising a holding company and its subsidiaries more... (D)

Banking spread shrinks
The banking spread showed a slight contraction in November 2008 reflecting the unhealthy competition among the banks for deposit mobilisation for which they are offering very high returns.The more... (D)

Pakistan committed to fighting terror: Zardari
President Asif Ali Zardari assured US Assistant Secretary of State for South and Central Asian Affairs Richard Boucher on Monday that Pakistan was committed to fighting terrorism and appreciated the more... (D)

Delhi hands over 'evidence' to Islamabad
India on Monday handed over to Pakistan what it said was 'evidences' against Pakistani based militants' involvement in Mumbai terrorist attacks. Indian High Commissioner in Islamabad called on Foreign Secretary Salman Bashir at the Foreign Office and handed over the file to him more... (BR)

Mumbai attack culprits must be punished: US
The United States urged Pakistan on Monday to track down and punish culprits involved in the Mumbai terror attacks and welcomed New Delhi’s move to share information with Islamabad more... (D)

sector Briefing

Rs 2.25/kwh raise in KESC tariff soon
The National Electric Power Regulatory (Nepra) is to increase power tariff by Rs 2.00 to Rs 2.25 per unit for the consumers of Karachi Electric Supply Corporation (KESC) within a couple of days, a top government official hinted on Monday. "We are expecting Rs 2.00 to Rs 2.25 per kwh raise in KESC's consumer end tariff due to tariff determination, to be finalised by Nepra within a couple of days," he said more... (BR)

Urea import via Gwadar to cost Rs1.2bn moreShabbir Kazmi
The government will have to pay an additional amount of Rs1.2 billion on the imported urea fertiliser to be unloaded at Gwadar Port. The decision of unloading the cargo at the port has already been made which, according to sources, is an illogical decision more... (FD)

CCP allows grace period to KSE, LSE For reply of show cause
The Competition Commission of Pakistan (CCP) has given one week grace period to Karachi Stock Exchange (KSE) and Islamabad Stock Exchange (ISE) for submission of reply during hearing in connection to show cause notice here on Monday 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