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January 19, 2009

Statistics
KSE 100 Index
Previous Index
5,778.58
Current Index
5,511.93
Change %
(4.61)%
YTD (CY09)
(6.00)%
YTD (FY09)
(55.10)%

International Indicates
 
Close
Percentage
BSE-30
9,323.59
3.06%
HANGSENG
13,255.51
0.09%
NIKKEI 255
8,230.15
2.58%
FTSE
4,147.10
0.63%
DJI
8,281.22
0.84%
SSEC
1,954.44
1.78%
NASDAQ
1,529.33
1.16%

S.C.R.A
16-01-2009
(2.58)
January 09
(70.71)
YTD
(380.64)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.01%
KIBOR (3 months)
14.93%
KIBOR (6 months)
15.49%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.25
Rs/UK
116.79
Rs/EURO
105.14
Rs/OMAN RIYAL
208.00

commodities
Oil
$36.22/barrel
Oil Change in %
(0.79)%
Gold
$837.30/ounce
Gold Change in %
(0.31)%

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 10, 08)
Rs.3,811bn

Daily Returns and NAVs
as of Jan 17, 2009
 
Offer
Redemption
POBOP
47.1689/-
46.6972/-
Daily Return
14.21%
POASF
N/A
N/A
Daily Return
- %
POAIF
N/A
N/A
Daily Return
- %
POAIIF
52.5831/-
52.0573/-
Daily Return
12.66%
POAF
9.3881/-
Daily Return
16.83%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Tarin for improving tax-to-GDP ratio
Adviser to Prime Minister on Finance and Economic Affairs Shaukat Tarin has stressed upon the need for improving tax-to-GDP ratio to meet growing needs of development and social welfare more... (D)

POL price cut by end-Jan:
Advisor to Prime Minster on Finance Shaukat Tareen has said that the prices of petroleum products will be decreased at the end of current month aimed at providing relief to the masses more... (FD)

Pakistan to save $5 billion from National Trade Corridor Plan: PSRP-II
Multi-year $6 billion National Trade Corridor would save $1.3 billion annually from trade facilitation, $2 billion from highway modernisation and $450 million from ports improvement, says Poverty Reduction Strategy Papers-II, released by Finance Ministry for soliciting public opinion more... (BR)

Mumbai attacks probe: foreign diplomats to be briefed about findings today
Pakistan will brief the diplomats on Monday (today) about the findings of investigations by law enforcement agencies so far done on the basis of 'information' provided by India regarding the Mumbai terrorist attacks more... (BR)

Miliband's Kashmir remarks upset India
British Foreign Secretary David Miliband’s trip to India, billed as a ‘solidarity visit’ following the deadly Mumbai attacks, was dubbed ‘upsetting’ by the government on Saturday more... (D)

sector Briefing

OGDCL drills busy doing discoveries
The exploration and production activities of Oil and Gas Development Company Limited (OGDCL) are in full swing to meet the growing energy demand of the country. OGDCL yielded five crude oil and gas/condensate discoveries two each in Hyderabad and Tando Allah Yar, while one in Dera Ghazi Khan during the current financial year, official sources told news agency more... (FD)

IPPs seek arbitration for payment of dues
Power crisis in the country has deepened because five independent power producers (IPPs), producing about 900 megawatts, have shut down six units and approached international arbitrators for the recovery of their dues more... (D)

Purchase of urea fertiliser: South Korea will give soft loan worth $30 million
South Korea will give soft loan worth $30 million to Pakistan to purchase urea fertilizer for meeting requirements of the country. Sources revealed to the Business Recorder that Korea has agreed to provide the said soft loan and Economic Affairs Division is currently negotiating the modalities of the deal 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