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January 20, 2009

Statistics
KSE 100 Index
Previous Index
5,511.93
Current Index
5,280.75
Change %
(4.19)%
YTD (CY09)
(10.00)%
YTD (FY09)
(57.00)%

International Indicates
 
Close
Percentage
BSE-30
9,329.57
0.60%
HANGSENG
13,339.99
0.64%
NIKKEI 255
8,256.85
0.32%
FTSE
4,108.47
(0.93)%
DJI
8,281.22
0.84%
SSEC
1,986.67
1.65%
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)
14.85%
KIBOR (6 months)
15.46%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.25
Rs/UK
118.01
Rs/EURO
105.88
Rs/OMAN RIYAL
209.30

commodities
Oil
$34.00/barrel
Oil Change in %
(6.87)%
Gold
$828.40/ounce
Gold Change in %
(1.37)%

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 19, 2009
 
Offer
Redemption
POBOP
47.1808/-
46.7090/-
Daily Return
4.72%
POASF
51.96/-
50.66/-
Daily Return
(88.22)%
POAIF
51.14/-
49.86/-
Daily Return
(55.87)%
POAIIF
52.6175/-
52.0913/-
Daily Return
12.65%
POAF
9.3991/-
Daily Return
23.83%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Cut in interest rates likely
Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo has said that a summary for cut in interest rates would be presented before the federal cabinet shortly more... (D)

World Bank wants government to collect Rs 30 billion revenue through PDL
World Bank has asked the government to collect at least Rs 30 billion revenue through petroleum development levy (PDL) on petroleum products during the quarter (January-March) to achieve the revenue target and ease budget deficit more... (BR)

Prime Minister to attend World Economic Forum (WEF) moot
Prime Minister Syed Yousuf Raza Gilani, at the invitation of the World Economic Forum (WEF), will participate in its annual meeting in Davos, Switzerland from January 28 to 31, 2009. Responding to a point of order by Syed Allauddin in National Assembly on Monday, the Prime Minister said the government is consulting all stakeholders to formulate an effective strategy to restore peace in Swat and resolve the issue of closure of girls' schools there more... (FD)

Investigation will be transparent, India assured
Pakistan on Monday reassured India that it would conduct a transparent investigation on ‘information’ about the Mumbai attack and said that defeating terrorists was its top priority more... (D)

Security, circular debt critical issues: Zardari
President Asif Ali Zardari on Monday asked the advisory panel of economists to chalk out economic policies for dealing with key issues of foreign investors' protection, circular debt and power shortage, ensuring optimum utilisation of domestic resources to meet short and long term economic goals more... (BR)

sector Briefing

SBP announces exposure limits reduction process
As part of banking reforms, the State Bank of Pakistan has provided a roadmap for banks to increase their capital and reduce their exposure limits. According to international standards, bank exposure to a single entity has been limited to 25 percent more... (BR)

Misuse of deemed duty by refineries to be investigated
The Federal government has ordered thorough investigation against oil refineries for misusing deemed duty, primary purpose of which was upgradation of their facilities, well-informed sources in Petroleum Ministry told Business Recorder here on Monday more... (BR)

Body to bail out textile sector under study
The government is considering establishment of a Resolution Trust Corporation (RTC) to bail out industrial companies, mainly textile ones, from accumulated loans and interests by offering financial packages 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