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January 13, 2009

Statistics
KSE 100 Index
Previous Index
6,143.81
Current Index
6,041.44
Change %
(1.67)%
YTD (CY09)
3.00%
YTD (FY09)
(50.80)%

International Indicates
 
Close
Percentage
BSE-30
9,110.05
(3.15)%
HANGSENG
13,971.00
(2.83)%
NIKKEI 255
8,836.80
(0.45)%
FTSE
4,426.19
(0.50)%
DJI
8,474.05
(1.46)%
SSEC
1,900.35
(0.24)%
NASDAQ
1,538.79
(2.09)%

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)
15.20%
KIBOR (6 months)
15.58%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.00
Rs/UK
119.16
Rs/EURO
105.80
Rs/OMAN RIYAL
209.82

commodities
Oil
$36.89/barrel
Oil Change in %
(1.86)%
Gold
$822.70/ounce
Gold Change in %
0.21%

Inflation
CPI Gen. Dec 08 (YOY)
23.34%
CPI Gen. (Jul-Dec 08)
24.43%
NFNE Core INFL Dec 08 (YOY)
18.80%
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 12, 2009
 
Offer
Redemption
POBOP
46.9704/-
46.5007/-
Daily Return
10.10%
POASF
52.88/-
51.56/-
Daily Return
(42.33)%
POAIF
51.57/-
50.28/-
Daily Return
95.11%
POAIIF
51.8892/-
51.3703/-
Daily Return
12.56%
POAF
9.3572/-
Daily Return
16.62%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Inflation eases to 23.34pc in Dec
Inflation decelerates from a three decade high in December 2008 after the State Bank of Pakistan raised its benchmark interest rates coupled with slight easing in food prices, suggested data of Statistics Division issued on Monday more... (D)

More credit for provinces: foreign loans re-lending policy being revised
The government has decided to revisit foreign loans re-lending policy to make credit available to the provinces on same terms and conditions on which the federal government and its departments are being provided re-lent foreign loans, sources close to Advisor to Prime Minister on Finance told Business Recorder more...

Oil prices fall below $40
Oil prices slid under $40 on Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said more... (D)

Terrorists can still attack US: Bush
US President George W. Bush acknowledged in his last news conference as head of state on Monday that he had not been able to obliterate the threat of more... (D)

Gilani denies drone attacks permitted by government
Prime Minister Syed Yusuf Raza Gilani has reiterated his government’s stand that there is no agreement to allow US drone attacks in Fata and Pakistan is seeking support of other countries to get the attacks stopped more... (D)

sector Briefing

Leading car assembler pushes up rates
A leading car assembler, having over 50 per cent market share, has pushed up prices by Rs40,000 to Rs70,000 more... (D)

SSGC seeks increase in gas rates
The Sui Southern Gas Company Ltd (SSGC) has sought an increase of Rs 4.16 per mmbtu in SSGC prescribed prices effective from January 1, 2009 over and above the price adjustment of Rs 18.55 per mmbtu, allowed by the Oil & Gas Regulatory Authority (Ogra) more... (BR)

Profits on deposits: petition against banks admitted for hearing
The Federal Shariat Court has accepted petition, against the banks, for regular hearing, in which it is alleged that instead of sharing profits on deposits secured on profit and loss sharing (PLS) basis rate of returns being paid to millions of depositors by banks is diminishing 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