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February 04, 2009

Statistics
KSE 100 Index
Previous Index
5,333.95
Current Index
5,384.87
Change %
0.95%
YTD (CY09)
(8.20)%
YTD (FY09)
(56.20)%

International Indicates
 
Close
Percentage
BSE-30
9,149.30
0.90%
HANGSENG
12,776.89
(0.60) %
NIKKEI 255
7,825.51
(0.60)%
FTSE
4,164.46
2.10%
DJI
8,078.36
1.78%
SSEC
2,060.81
2.44 %
NASDAQ
1,516.30
1.46%

S.C.R.A
02-02-2009
(4.79)
February 09
(4.79)
YTD
(454.89)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
14.23%
KIBOR (6 months)
14.77%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.00
Rs/UK
112.68
Rs/EURO
101.95
Rs/OMAN RIYAL
206.99

commodities
Oil
$40.89/barrel
Oil Change in %
0.27%
Gold
$899.10/ounce
Gold Change in %
0.74%

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 03, 2009
 
Offer
Redemption
POBOP
47.4022/-
46.9282/-
Daily Return
16.29%
POASF
52.78/-
51.46/-
Daily Return
99.57%
POAIF
52.03/-
50.73/-
Daily Return
14.40%
POAIIF
53.0808/-
52.5500/-
Daily Return
14.59%
POAF
9.7547/-
Daily Return
17.02%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

July-January revenue collection stands at Rs 628.22 billion
The Federal Board of Revenue (FBR) has collected Rs 628.22 billion during July-January (2008-09) against enhanced target of Rs 681.7 billion during this period, reflecting a shortfall of Rs 53.48 billion more... (BR)

Gilani lifts ban on recruitment
Prime Minister Yousuf Raza Gilani dissolved the ‘task force on employment’ on Tuesday and lifted a ban on recruitment in government services more... (D)

Mammoth growth in domestic debtCountry's home debts touch Rs3.57tn
Pakistan's domestic debt soared by Rs303.4 billion or 9.3 per cent to record 3.57 trillion during the first half of fiscal year 2008-09, the State Bank of Pakistan (SBP) reported Tuesday more... (FD)

Obama says Pakistan must not be destabilised
Pakistan’s nuclear weapons are the main cause of concern for US President Barack Obama and his military chiefs who have vowed not to allow the destabilisation of Pakistan more... (D)

Mumbai attacks destroyed gains of peace talks: Antony
The recent terror attacks in Mumbai have destroyed all the gains of years of peace talks between India and Pakistan, India’s Defence Minister A.K. more... (D)

UN chief due today
The UN Secretary General Ban Ki-Moon is visiting Pakistan on Wednesday (today). The Secretary General will meet the President and the Prime Minister. Pakistan attaches great importance to the United Nations and highly values the visit by Secretary General Ban Ki-Moon more... (BR)

sector Briefing

Controversy over ‘investments available for sale'
The six months accounts of Nishat Mills Limited released on Monday brought into sharp focus the need to settle a monumental issue: How should companies treat the impairment more... (D)

Urea import lost in rading Corporation of Pakistan (TCP) tendering
The response to a tender floated by Trading Corporation of Pakistan (TCP) for urea import has been disappointing, The Financial Daily has learnt. TCP had re-tendered for import of 250,000 tonnes urea. more... (FD)

Amortisation of deficit: State Bank agrees to SECP recommendations
The State Bank of Pakistan has reportedly agreed to the Securities and Exchange Commission of Pakistan recommendations to allow financial institutions to amortise the deficit upon revaluation of listed equity investments, TFCs and Sukuk, it is reliably learnt 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