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January 14, 2009

Statistics
KSE 100 Index
Previous Index
6,041.44
Current Index
6,059.09
Change %
0.29%
YTD (CY09)
3.31%
YTD (FY09)
(50.70)%

International Indicates
 
Close
Percentage
BSE-30
9,071.36
(0.42)%
HANGSENG
13,688.00
(2.20)%
NIKKEI 255
8,413.91
(4.80)%
FTSE
4,399.15
(0.61)%
DJI
8,448.56
(0.30)%
SSEC
1,863.37
(1.95)%
NASDAQ
1,546.46
0.50%

S.C.R.A
12-01-2009
(41.76)
January 09
(56.54)
YTD
(366.47)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.00%
KIBOR (3 months)
15.20%
KIBOR (6 months)
15.57%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.00
Rs/UK
116.71
Rs/EURO
105.31
Rs/OMAN RIYAL
206.01

commodities
Oil
$38.64/barrel
Oil Change in %
2.28%
Gold
$824.90/ounce
Gold Change in %
0.51%

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)
10.00
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 13, 2009
 
Offer
Redemption
POBOP
47.1335/-
46.6622/-
Daily Return
254.48%
POASF
53.19/-
51.86/-
Daily Return
212.37%
POAIF
51.94/-
50.64/-
Daily Return
261.34%
POAIIF
52.5143/-
51.9892/-
Daily Return
7,813.65%
POAF
9.3771/-
Daily Return
116.73%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Pakistan's foreign exchange reserves rise
Foreign exchange reserves rose by $3.6 billion on January 9, 2009 as compared to November 25, 2008. At present, reserves are estimated at $10 billion. The additional amount can be mainly attributed to the $3.1 billion first tranche released by IMF on November 26. The remaining $500m are referred to as 'other positive inflows' in the ECC summary more... (BR)

Remittances up, capital outflow halts
Overseas Pakistani workers sent record remittances in December helping the country to minimise its trade and current account deficits more... (D)

IMF chief says slowdown worsening
The global economy is worsening and new forecasts to be released shortly from the International Monetary Fund will not be optimistic on the outlook, IMF Managing Director Dominique Strauss-Kahn said on Tuesday. Speaking in Budapest, Strauss-Kahn said the global economy is slowing more than the IMF had previously expected and this has implications for several central and eastern European economies more... (BR)

Pakistan state not involved: Miliband: Mumbai attacks
British Foreign Secretary David Miliband assured India on Tuesday that President Asif Ali Zardari was sincere in his resolve to fight terrorism and encouraged New Delhi’s restraint more... (D)

Pakistan, Afghanistan will be Obama's priority: Hillary
US Secretary of State-designate Hillary Rodham Clinton told her confirmation hearing on Tuesday that fighting terrorism in Pakistan and Afghanistan would be the highest priority of the Obama administration more... (D)

Britain and India urge Pakistan to act against terrorists
India and Britain Tuesday pressed Pakistan to bring the perpetrators of the Mumbai terror attacks to justice, making it clear that the militant outfit Lashkar-e-Taiba (LeT) was responsible for the carnage. Britain's Foreign Secretary David Miliband met with India External Affairs Minister Pranab Mukherjee in New Delhi, and later said the Pakistan government did not direct the attacks, contradicting India's claim that official agencies were involved more... (BR)

sector Briefing

Share financing through Rs 20 billion SEF begins
The use of the much-awaited Rs 20 billion NIT State Enterprise Fund (NIT-SEF) has been started for buying of shares at Karachi Stock Exchange (KSE) from Tuesday. Although the actual amount of the fund's investment on the first day was not available, market sources said that the fund invested at least in six out of total eight eligible scrips more... (BR)

APL accuses Pepco of unfairness in payment of dues
Attock Petroleum Limited (APL) has accused Pakistan Electric Power Company (Pepco) of giving preference to its (APL) competitors in the clearance of outstanding dues, sources told Business Recorder. They said that one of the company's Assistant General Managers (AGM) wrote a strong-worded letter to Pepco Managing Director, stating that Pepco's treatment of the company with regard to payment of outstanding dues was discriminatory more... (BR)

Foreign portfolio investment down 39.2pc
Foreign investors still own equities worth $1.3bn
Foreign portfolio investment plunged 39.2 per cent or $864 million to $1.34 billion on January 3, 2009 as against $2.21 billion witnessed on December 6, 2008, according to data released by the State Bank of Pakistan (SBP) 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