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February 03, 2009

Statistics
KSE 100 Index
Previous Index
5,377.42
Current Index
5,333.95
Change %
(0.81)%
YTD (CY09)
(9.10)%
YTD (FY09)
(56.60)%

International Indicates
 
Close
Percentage
BSE-30
9,066.70
(3.80)%
HANGSENG
12,861.49
(3.14) %
NIKKEI 255
7,873.98
(1.50)%
FTSE
4,077.78
(1.73)%
DJI
7,936.75
(0.80)%
SSEC
2,011.68
1.06 %
NASDAQ
1,494.43
1.22%

S.C.R.A
30-01-2009
(11.48)
January 09
(140.17)
YTD
(450.10)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
14.33%
KIBOR (6 months)
14.93%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.00
Rs/UK
113.42
Rs/EURO
100.44
Rs/OMAN RIYAL
206.92

commodities
Oil
$40.54/barrel
Oil Change in %
1.15%
Gold
$903.50/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)
10.21
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 24, 08)
Rs.3,829bn

Daily Returns and NAVs
as of Feb 02, 2009
 
Offer
Redemption
POBOP
47.3826/-
46.9088/-
Daily Return
15.53%
POASF
52.64/-
51.32/-
Daily Return
11.87%
POAIF
52.01/-
50.71/-
Daily Return
(9.59)%
POAIIF
53.0610/-
52.5304/-
Daily Return
14.56%
POAF
9.7505/-
Daily Return
15.51%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Inflation seen above target in FY09Monitoring Desk
The inflation rate would drop to 12 per cent - at least half of its current level of 24.43 - by June 2009, yet this rate for the whole current fiscal year (2008-09) would remain higher than the target set by the government more... (FD)

Debt seen rising by Rs2trn this year
Pakistan’s public debt is expected to go up by over Rs2 trillion by the end of 2008-09, the highest ever increase in a single year. The public debt is estimated to rise by 34 per cent to Rs7,931 billion by June 30 from Rs5,901 billion in 2007-08 because of massive depreciation in the value of the rupee and external loans obtained for budgeting the balance of payments more... (D)

ECC may raise duty on hundreds of luxury items: mini-budget likely today
The Economic Co-ordination Committee (ECC) of the Cabinet, scheduled to meet on Tuesday under the chairmanship of the Advisor to Prime Minister on Finance, Shaukat Tarin, is expected to approve a mini-budget, revising duties on hundreds of items which the government believes are luxury items and non-essential, sources in Federal Board of Revenue (FBR) told Business Recorder more...

Pakistan seems serious on Mumbai probe: India
Pakistan seems serious about investigating the Mumbai attacks and has sought clarifications on a dossier of evidence from India, but still is not doing enough to tackle militancy, India's national security adviser said. "What I am aware of is that after the receipt of the dossier by Pakistan, the Pakistan government have reverted to us and asked a number of questions to which answers have been provided," M.K. Narayanan told CNN-IBN television in a weekend interview more... (BR)

Gunmen kidnap UN agency official in Quetta: Driver killed in ambush
A top UN official was kidnapped and his driver was killed after his vehicle was ambushed here on Monday. John Solecki, head of the UN refugee agency in Quetta, was going to office from his nearby residence in the Chaman Housing Society when the gunmen in a white car opened fire on his vehicle more... (D)

Obama orders additional troops for Afghanistan
US President Barack Obama on Monday ordered three more brigade combat teams for Afghanistan more... (D)

sector Briefing

NSS investors to get profit of Rs 1,400 per month
The Central Directorate of National Savings on Monday announced profit of Rs 1400 per month on investment of Rs 100,000 on its various schemes. According to a notification issued by the Directorate, all the existing investors of Pensioner's Benefit Accounts and Behbood Saving Certificates would, with effect from February 1, 2009 be eligible to profit at the rates applicable on December 1, 2008 more... (BR)

Furnace oil price up by Rs 2,021 per ton
Furnace oil price has gone up in the market due to rising demand and slow supply, dealers said. They said that the oil marketing companies, including Pakistan State Oil (PSO), Caltex, and Shell, have announced an increase of Rs 2,020.72 per ton in the furnace oil price. With this surge, its price has gone up to Rs 27,300.60 per ton, from Rs 25,279.88 more... (BR)

Government releases Rs two billion PDC, but still owes Rs 18 billion
The government has released rupees two billion price differential claims (PDC) of Oil Marketing Companies (OMCs) to ensure the availabity of the product in the country. Sources revealed to the Business Recorder on Monday that the government had released rupees one billion to Chevron and rupees one billion to small oil marketing companies 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