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January 16, 2009

Statistics
KSE 100 Index
Previous Index
6,051.16
Current Index
5,778.58
Change %
(4.50)%
YTD (CY09)
(1.50)%
YTD (FY09)
(53.00)%

International Indicates
 
Close
Percentage
BSE-30
9,076.44
(3.45)%
HANGSENG
13,242.96
(3.37)%
NIKKEI 255
8,023.31
(4.92)%
FTSE
4,121.11
(1.40)%
DJI
8,212.49
0.15%
SSEC
1,920.21
(0.45)%
NASDAQ
1,511.84
1.49%

S.C.R.A
14-01-2009
4.10
January 09
(67.80)
YTD
(377.73)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.01%
KIBOR (3 months)
15.01%
KIBOR (6 months)
15.54%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.10
Rs/UK
115.53
Rs/EURO
104.12
Rs/OMAN RIYAL
206.60

commodities
Oil
$35.57/barrel
Oil Change in %
0.48%
Gold
$821.40/ounce
Gold Change in %
1.75%

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 15, 2009
 
Offer
Redemption
POBOP
47.1492/-
46.6777/-
Daily Return
0.47%
POASF
52.81/-
51.49/-
Daily Return
(323.20)%
POAIF
51.70/-
50.41/-
Daily Return
(237.39)%
POAIIF
52.5488/-
52.0233/-
Daily Return
12.75%
POAF
9.3849/-
Daily Return
16.38%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

FDI surged by 45 percent
The Foreign Direct Investment (FDI) has witnessed a raise of some 45 percent during December despite the looming clouds of war between Pakistan and India. The central bank on Thursday revealed that FDI has also crossed the mark of 2 billion dollars during December 2008 with a highest investment of 724 million dollars in a single month during the current fiscal year 2008-09 more... (BR)

SBP sets Rs 60 billion sale target for PIBs
The State Bank of Pakistan on Thursday set a target of Rs 60 billion for the sale of government of Pakistan Investment Bonds for the period January to June 2009. During the period, the SBP will sell PIBs for 3, 5, 7, 10, 15, 20 & 30 years (Re-opening of August 30, 2008 issue) more... (BR)

Privatisation policy to be revamped
Federal Minister for Privatisation Syed Naveed Qamar has directed that the entire privatisation policy be revamped to make it successful and in the best interest of the people and the country more... (D)

Army prepared to meet any challenge: Kayani
Chief of Army Staff General Ashfaq Parvez Kayani has said Pakistan Army is fully prepared and capable to meet any challenge to the integrity and security of the country. Threats to national security could best be defeated through a comprehensive national effort and complete solidarity, General Kayani said while chairing the 62nd Formation Commanders' Conference here on Thursday more... (BR)

President asks India "to behave itself
President Asif Ali Zardari has warned India against irresponsible behaviour saying the situation would be more aggravated if India did not mend its mind. While talking to US Ambassador to Pakistan Anne W Paterson here on Thursday, the President added, despite flexible behaviour of Pakistan, statements being made by Indian authorities especially the remarks of Indian Army Chief that all options were open against Pakistan were unfortunate, sources said more... (FD)

Miliband condemns US 'war on terror'
British Foreign Secretary David Miliband on Thursday delivered a sharp critique of outgoing US President George W. Bush's foreign policy, declaring the concept of a "war on terror" was "mistaken." Speaking in India at one of the hotels targeted in the militant attacks on Mumbai, Miliband distanced the British government from the Bush administration shortly before Barack Obama takes over the White House more... (BR)

sector Briefing

Banks to make all POL-related foreign exchange purchases from interbank
The State Bank of Pakistan on Thursday announced that all purchases of foreign exchange relating to the import of POL products will be made by banks from the interbank market. The SBP has withdrawn its previous order under Para-3 of FE Circular No 8 of July 8, 2008 through which the SBP had decided to provide foreign exchange to the authorised dealers for payment against import of POL products more... (BR)

IPI: Iran reduces gas price to 78 percent of crude oil tariff
Iran has scaled down its earlier demand to link the price of gas from 85 percent to 78 percent of crude oil price under the still to be approved Iran-Pakistan-India (IPI) gas pipeline deal. The steering committee on IPI gas pipeline project, which is a sub-committee of the Economic Co-ordination Committee (ECC) of the Cabinet, was informed that it had decided to recommend to the Cabinet to show greater flexibility on the gas price on offer by Iran more... (BR)

Textile units seeking debt rescheduling
The textile manufacturers in their meeting with PM’s Advisor on Finance Shaukat Tarin in Islamabad on Friday are likely to demand immediate rescheduling of loans or moratorium on more... (D)

 
(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