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January 23, 2009

Statistics
KSE 100 Index
Previous Index
5,136.48
Current Index
5,020.71
Change %
(2.25)%
YTD (CY09)
(14.40)%
YTD (FY09)
(59.10)%

International Indicates
 
Close
Percentage
BSE-30
8,813.84
0.39%
HANGSENG
12,657.99
0.60%
NIKKEI 255
8,051.74
1.90%
FTSE
4,052.23
(0.20)%
DJI
8,122.80
(1.28)%
SSEC
2,004.95
1.00%
NASDAQ
1,465.49
(2.76)%

S.C.R.A
21-01-2009
(7.15)
January 09
(85.52)
YTD
(395.45)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.01%
KIBOR (3 months)
14.70%
KIBOR (6 months)
15.36%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.90
Rs/UK
111.25
Rs/EURO
103.97
Rs/OMAN RIYAL
208.64

commodities
Oil
$43.04/barrel
Oil Change in %
(1.44)%
Gold
$855.80/ounce
Gold Change in %
(0.35)%

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)
9.95
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Dec 08)
$(9.56)bn
Curr. A/C (Jul-Dec 08)
$(7.27)bn
Remittances (Jul-Dec 08)
$3.64bn
Foreign Investment (Jul-Dec 08)
$2.14bn
All Scheduled Banks Deposit Base (Jan 10, 08)
Rs.3,811bn

Daily Returns and NAVs
as of Jan 22, 2009
 
Offer
Redemption
POBOP
47.2173/-
46.7451/-
Daily Return
8.97%
POASF
51.13/-
49.85/-
Daily Return
(268.92)%
POAIF
50.99/-
49.72/-
Daily Return
(109.79)%
POAIIF
52.6688/-
52.1421/-
Daily Return
12.64%
POAF
9.4125/-
Daily Return
16.33%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Former IMF negotiator recommends Pakistan hikes interest rates
Pakistan needs to hike interest rates further to build foreign exchange reserves and dampen inflation despite facing recession, according to the economist who led IMF negotiations with Pakistan two months ago more... (BR)

SBP allows one-year moratorium on loans under LTFF
The State Bank of Pakistan (SBP) has given a one year moratorium on loans availed under the Long Term Financing Facility (LTFF) scheme. The circular to this effect was issued on Thursday following the demand put forth by Dr Ikhtiar Baig on behalf of export oriented industry. As a result around Rs 11.8 billion due in the year will get pushed back by 12 months more... (BR)

5.4pc GDP growth forecast for S. Asia in 2009
The South Asia GDP growth is projected to step down to 5.4 per cent in 2009 from 6.3 per cent in 2008. Continued financial sector volatility and balance sheet weaknesses will translate into ongoing risk aversion more... (D)

US to seek deepening engagement with Pakistani people
President Barack Obama on Thursday vowed to work closely with Pakistan and deepen engagement with its people as part of efforts to overcome security challenges in the Afghan-Pakistan border region through a regional approach that will also emphasise creation of economic opportunities for the people of two countries more... (BR)

Special envoy for Afghanistan, Pakistan named: Hillary Clinton calls Zardari
Hillary Clinton, on her first day as the secretary of state, telephoned President Asif Ali Zardari and told him that the Obama administration was appointing a special envoy for Afghanistan and Pakistan more... (D)

Miliband's Kashmir remarks reflect Obama's plan: report
Foreign Secretary David Miliband’s suggestion during his recent visit to India that Mumbai attacks were rooted in the Kashmir dispute reflected the thinking of US President Barack Obama more... (D)

sector Briefing

PSO seeks government help to recover Rs 11 billion dues
Pakistan State Oil (PSO) has requested the Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain to intervene and immediately get its dues amounting to Rs 11 billion cleared thereby enabling it to place fresh orders for oil imports more... (BR)

SECP issues draft of shares buy-back regulations 2009
The Securities and Exchange Commission of Pakistan (SECP) has issued draft of the "The Companies (Buy-Back of Shares) Regulations, 2009," to elaborate the procedure for the listed companies to buy back/repurchase their own shares. The commission on Thursday issued draft SRO(I)/2009 for obtaining viewpoint of the stakeholders on the new procedure 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