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February 13, 2009

Statistics
KSE 100 Index
Previous Index
5,429.43
Current Index
5,399.36
Change %
(0.55)%
YTD (CY09)
(7.90)%
YTD (FY09)
(56.10)%

International Indicates
 
Close
Percentage
BSE-30
9,465.83
(1.59)%
HANGSENG
13,228.30
(2.30)%
NIKKEI 255
7,705.36
(3.00)%
FTSE
4,202.24
(0.80)%
DJI
7,932.76
(0.09)%
SSEC
2,248.09
(0.56)%
NASDAQ
1,541.71
0.73%

S.C.R.A
11-02-2009
(6.97)
February 09
(42.30)
YTD
(492.40)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
13.95%
KIBOR (6 months)
14.41%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.60
Rs/UK
114.47
Rs/EURO
102.74
Rs/OMAN RIYAL
207.18

commodities
Oil
$34.58/barrel
Oil Change in %
1.77%
Gold
$942.70/ounce
Gold Change in %
(0.68)%

Inflation
CPI Gen. Jan 09(YOY)
20.50%
CPI Gen. (Jul-Jan 09)
23.85%
NFNE Core INFL Jan 09 (YOY)
18.90%
NFNE Core INFL (Jul-Jan 09)
17.60%

Economic Indicators
US$ Reserves (Billion)
10.16
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 (Feb 07, 08)
Rs.3,847bn

Daily Returns and NAVs
as of Feb 12, 2009
 
Offer
Redemption
POBOP
47.8498/-
47.3713/-
Daily Return
10.20%
POASF
53.72/-
52.38/-
Daily Return
0.00%
POAIF
52.49/-
51.18/-
Daily Return
28.55%
POAIIF
53.3623/-
52.8298/-
Daily Return
10.69%
POAF
9.8569/-
Daily Return
(7.82)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Settlement of circular debt by June unlikely
The government and the power sector may not be able to settle Rs150 billion circular debt issue by June 30, 2009 deadline set out by the IMF more... (D)

Rs 41 billion PDL collection needed to meet revenue shortfall
The government will be unable to pass through a decline in the international oil price to consumers by downward adjustment of the PDL levy as it needs the entire Rs 41 billion PDL collection to meet revenue shortfall target as agreed with the IMF prior to the first quarter meeting scheduled in Dubai 14-26 February, informed sources told Business Recorder more...

IFC provided $121 million trade guarantees to Pakistani banks in seven months
International Finance Corporation (IFC), a member of the World Bank Group, announced on Thursday that over the past seven months it provided Pakistani banks $121 million (Rs 9.5 billion) in trade finance guarantees, helping the country increase cross-border trade during the recent economic downturn, and benefiting many of its important business sectors more... (BR)

Mumbai attacks: some part of the conspiracy plotted in Pakistan but major part shaped in India, says Malik
Pakistan for the first time admitted that some part of the conspiracy of Mumbai terrorist attacks was hatched in Pakistan and government has registered First Information Report (FIR) against the culprits and asked India to provide answers of 30 questions raised by investigators for strong prosecution of the culprits more... (BR)

Pakistan determined to curb terror: US
The United States on Thursday welcomed the announcement in Islamabad that the Mumbai terror attacks were partly planned on the Pakistani soil, saying that it showed Pakistan’s seriousness in fighting terrorism more... (D)

Zardari to visit China from 20th
President Asif Ali Zardari would visit China from Feb 20 to Feb 23, Beijing said on Thursday more... (D)

sector Briefing

Possibility of non-compliance reckoned: relaxation of IAS applicability within the ambit of SECP
The Securities and Exchange Commission of Pakistan (SECP) has informed the Competition Commission of Pakistan (CCP) that the SECP has the authority to give exemptions and relaxation's from the applicability of International Accounting Standards (IAS) more... (BR)

Dealers charging ‘own money' on new cars: Assemblers keep mum
The auto market has started witnessing gradual improvement in demand for newly-launched models of local cars after a sharp fall in arrivals of imported used cars more... (D)

Corporate sector's earnings growth likely to decline
The average annual earnings growth of corporate sector is likely to decline by 19 percent in the current fiscal year, mainly due to decline in banks earnings growth and few other adjustments, analysts said 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