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January 12, 2009

Statistics
KSE 100 Index
Previous Index
6,074.87
Current Index
6,143.81
Change %
1.13%
YTD (CY09)
4.80%
YTD (FY09)
(50.00)%

International Indicates
 
Close
Percentage
BSE-30
9,406.47
(1.88)%
HANGSENG
14,377.44
(0.27)%
NIKKEI 255
8,836.80
(0.45)%
FTSE
4,448.50
(1.26)%
DJI
8,599.18
(1.64)%
SSEC
1,904.86
1.42%
NASDAQ
1,571.59
(2.81)%

S.C.R.A
09-01-2009
(3.18)
January 09
(14.79)
YTD
(324.72)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.00%
KIBOR (3 months)
15.22%
KIBOR (6 months)
15.61%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
78.90
Rs/UK
119.67
Rs/EURO
106.12
Rs/OMAN RIYAL
208.85

commodities
Oil
$40.22/barrel
Oil Change in %
(1.49)%
Gold
$851.00/ounce
Gold Change in %
(0.47)%

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 (Jan 03, 08)
Rs.3,860bn

Daily Returns and NAVs
as of Jan 09, 2009
 
Offer
Redemption
POBOP
47.2412/-
46.7688/-
Daily Return
14.61%
POASF
53.07/-
51.74/-
Daily Return
33.01%
POAIF
51.17/-
49.89/-
Daily Return
12.21%
POAIIF
51.1964/-
50.6844/-
Daily Return
41.29%
POAF
10.6683/-
Daily Return
12.21%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Most Pakistanis have poor health services, says report
The World Health Organisation (WHO) has estimated that the out-of-pocket health expenditure in Pakistan stands at 71 per cent — the highest in the Eastern Mediterranean region — and a burden for the poor more... (D)

ECC to consider exemption of capital goods from regulatory duty
The Economic Co-ordination Committee (ECC) of the cabinet will consider a proposal of Investment Ministry to exempt capital goods from Regulatory Duty (RD), in its next meeting, in spite of stiff resistance by the Ministries of Finance, Industries and Federal Board of Revenue (FBR), sources close to Investment Minister, Waqar Khan, told Business Recorder more...

$25.07mn flees stock mkt scene in week
SCRAs balance shows net out flow at $324.70 in FY09
Equity market of the country witnessed a net outflow of $25.07 million during the week that ended Friday, according to the data released by National Clearing Company of Pakistan Limited (NCCPL) more... (FD)

'Entire' document handed over to Pakistan, says Mukherjee
Indian External Affairs Minister Pranab Mukherjee claimed on Sunday that India had handed over 'entire' documents to Pakistan in connection with Mumbai attacks. Talking to reporters in Lalgola in West Bengal after attending a Congress Party rally, he said "entire" documents on the matter had been passed on to the neighbouring country more... (BR)

Gilani rules out extradition of suspects
Prime Minister Syed Yousuf Raza Gilani has ruled out handing over any person to any country in connection with the Mumbai carnage more... (D)

Obama vows to tackle Middle East 'on day one'
US president-elect Barack Obama on Sunday vowed to take swift action on the Middle East peace process and Iran's nuclear ambitions but played for time to shut down the Guantanamo Bay prison camp more... (BR)

sector Briefing

Shell to make most of margin increase
TFD Research revises OMCs earnings forecast
Earning forecasts of oil companies, after the government's decision to increase profit margin for OMCs (excluding diesel) to 4 per cent from 3.5 per cent, have been revised by the research department of The Financial Daily more...

Work on $4 billion refinery at Lasbela likely to start soon
Board of Investment Chairman Saleem H Mandviwala on Saturday informed the business community that work on setting up of a refinery at Lasbela at an estimated cost of four billion dollars is likely to start soon. Speaking at a meeting of Lasbela Chamber of Commerce and Industry at the chamber here, he said that during his visit to the UAE along with the Prime Minister, the issue was taken up with the interested parties 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