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January 26, 2009

Statistics
KSE 100 Index
Previous Index
5,020.71
Current Index
4,929.55
Change %
(1.82)%
YTD (CY09)
(15.90)%
YTD (FY09)
(59.90)%

International Indicates
 
Close
Percentage
BSE-30
8,674.35
(1.58)%
HANGSENG
12,578.60
(0.60)%
NIKKEI 255
7,745.25
(3.80)%
FTSE
4,052.47
0.01%
DJI
8,077.56
(0.56)%
SSEC
1,990.70
(0.71)%
NASDAQ
1,477.29
0.81%

S.C.R.A
23-01-2009
(7.13)
January 09
(94.54)
YTD
(404.47)

Money Market Updates
Tbill Cut-off
 
1 year
14.25%
6 month
14.01%
KIBOR (3 months)
14.67%
KIBOR (6 months)
15.31%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.00
Rs/UK
108.98
Rs/EURO
102.46
Rs/OMAN RIYAL
211.95

commodities
Oil
$45.80/barrel
Oil Change in %
(1.44)%
Gold
$891.80/ounce
Gold Change in %
(0.66)%

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 17, 08)
Rs.3,832bn

Daily Returns and NAVs
as of Jan 24, 2009
 
Offer
Redemption
POBOP
47.2418/-
46.7694/-
Daily Return
13.66%
POASF
N/A-
N/A-
Daily Return
N/A
POAIF
N/A-
N/A-
Daily Return
N/A
POAIIF
52.7031/-
52.1761/-
Daily Return
12.63%
POAF
9.4202/-
Daily Return
16.32%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Projects allocation to be cut by Rs 20 billion:
4.2 percent fiscal deficit promise to IMF
The government is set to cut Rs 20 billion from the allocated amount of Rs 125 billion for development projects in food and agriculture sector in an effort to meet its 4.2 percent fiscal deficit commitment with International Monetary Fund (IMF) more... (BR)

Prime Minister going to World Economic Forum with FDI-boosting agenda
Set to meet world leaders, chiefs of WB, IMF
Prime Minister Syed Yousuf Raza Gilani will leave for Switzerland on Tuesday (tomorrow) to participate in the annual meeting of World Economic Forum (WEF) being held in the Swiss city Davos from January 28 to February 1 more... (FD)

International Monetary Fund (IMF) to cut global growth forecast further
The International Monetary Fund (IMF) will cut its 2009 global growth forecast again, this time to between 1 percent and 1.5 percent, as economic conditions deteriorate further, an IMF official said on Sunday more... (FD)

Probe finding will be shared with other countries: PM
Prime Minister Syed Yousuf Raza Gilani has said that Pakistan will share finding of its investigation into the Mumbai terror attacks with other countries more... (D)

Security for HC enhanced: India
India said on Sunday that security of Pakistan High Commissioner to India Shahid Malik had been enhanced following a threatening letter received by the commission more... (D)

sector Briefing

Petroleum policy 2007: Planning Commission raises eyebrows over alteration
The Planning Commission has raised eyebrows over 'unnecessary' alteration in Petroleum Policy 2007, saying that rapid revision of existing policy in a year's time is not justified as its outcome has not yet been adequately quantified, official sources told Business Recorder more...

Offshore investors withdraw $36.464 million from KSE
The outflow of foreign portfolio investment from the country's equity market continued as the offshore investors withdrew $36.464 million during the outgoing week ended January 23, 2009. According to National Clearing Company of Pakistan Limited (NCCPL) data, the cumulative outflow of this mode of investment surged to $97.663 million in the current month from January 1, 2009 to date more... (BR)

KSE index dives to 52-month low
Heavy selling pressure, mainly by foreign investors, continued at Karachi share market during the week ending on January 24, 2009, and KSE-100 index went down below 5,000 points level. The KSE index lost 582.38 points to close at 4,929.55 points from previous week's closing of 5,511.93 points 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