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February 09, 2009

Statistics
KSE 100 Index
Previous Index
5,534.25
Current Index
5,597.44
Change %
1.14%
YTD (CY09)
(4.60)%
YTD (FY09)
(54.50)%

International Indicates
 
Close
Percentage
BSE-30
9,300.86
2.31%
HANGSENG
13,655.04
3.61%
NIKKEI 255
8,076.62
1.60%
FTSE
4,291.90
1.49%
DJI
8,280.59
2.70%
SSEC
2,181.24
3.97%
NASDAQ
1,591.71
2.94%

S.C.R.A
03-02-2009
(13.49)
February 09
(18.28)
YTD
(468.38)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
14.14%
KIBOR (6 months)
14.72%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.10
Rs/UK
117.01
Rs/EURO
102.39
Rs/OMAN RIYAL
207.96

commodities
Oil
$40.23/barrel
Oil Change in %
0.15%
Gold
$907.70/ounce
Gold Change in %
(0.72)%

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 31, 08)
Rs.3,853bn

Daily Returns and NAVs
as of Feb 06, 2009
 
Offer
Redemption
POBOP
47.5194/-
47.0442/-
Daily Return
17.57%
POASF
53.59/-
52.25/-
Daily Return
130.16%
POAIF
52.54/-
51.23/-
Daily Return
75.12%
POAIIF
53.2329/-
52.7006/-
Daily Return
15.78%
POAF
9.7672/-
Daily Return
15.70%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Net National Savings Schemes (NSS) deposits up 56.5pc in 1HFY09
Net investment in National Savings Schemes (NSS) surged by 56.5 per cent or Rs17.7 billion to record Rs49 billion in first half of FY09 against Rs31.3 billion during same period last fiscal year more... (FD)

Opec may make more output cuts
From peak oil to peak demand, the crude world has now traversed the full distance. Amidst a rapidly falling oil consumption, under global focus now is the issue of peak demand more... (D)

 

Pakistan 'will not allow' nuclear secret leaks again
Pakistan will not allow its scientists to leak the secrets of nuclear weapons to other countries, Foreign Minister Makhdoom Shah Mehmood Qureshi said on Sunday, two days after his country released a nuclear scientist who confessed to leaking nuclear secrets more... (BR)

Drone strikes killed high-value targets, US tells Pakistan
The United States wants to continue drone strikes inside Pakistan’s tribal areas because US military experts believe the strikes have killed a large number of Al Qaeda leaders and local militants and have destroyed their hideouts more... (D)

Defence committee to get Mumbai report today
Prime Minister Syed Yousuf Raza Gilani has said that the report of investigation into the Mumbai terror attacks will be presented to the cabinet’s Defence Coordination Committee at a meeting on Monday more... (D)

sector Briefing

KSE may put off accounting standard for a year
The stakeholders in the stock market who attended a meeting on Saturday to deliberate on the accounting treatment of decline in fair value of “available for sale investments” more... (D)

Government sourcing 350,000 tonne urea
About 350,000 tonnes of urea is being imported while same quantity of the commodity was earlier imported to ensure its adequate supply to the farmers for the current Rabi Season. Talking to Radio Pakistan, a spokesman of Ministry of Food and Agriculture said the Trading Corporation of Pakistan (TCP) has recently issued a tender for the purchase of 40,000 tonne more urea more... (FD)

Issuing loans against fake collaterals: NBP takes action against officers
The National Bank of Pakistan (NBP) has taken away lending powers of few bank officers allegedly involved in the case of issuing fake loans at its Gilgit branch and they have been re-designated as recovery officers for the recovery of defaulted amounts 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 Manager
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