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February 16, 2009

Statistics
KSE 100 Index
Previous Index
5,399.36
Current Index
5,625.90
Change %
4.20%
YTD (CY09)
(4.10)%
YTD (FY09)
(54.20)%

International Indicates
 
Close
Percentage
BSE-30
9,634.74
1.78%
HANGSENG
13,554.67
4.30%
NIKKEI 255
7,779.40
0.96%
FTSE
4,189.59
(0.30)%
DJI
7,850.41
(1.04)%
SSEC
2,320.79
3.23%
NASDAQ
1,534.36
(0.48)%

S.C.R.A
13-02-2009
0.27
February 09
(46.40)
YTD
(496.50)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
13.94%
KIBOR (6 months)
14.28%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.80
Rs/UK
114.64
Rs/EURO
102.65
Rs/OMAN RIYAL
208.17

commodities
Oil
$37.64/barrel
Oil Change in %
0.35%
Gold
$938.20/ounce
Gold Change in %
(0.42)%

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 14, 2009
 
Offer
Redemption
POBOP
47.8954/-
47.4164/-
Daily Return
13.90%
POASF
- /-
- /-
Daily Return
- %
POAIF
- /-
- /-
Daily Return
- %
POAIIF
53.3922/-
52.8583/-
Daily Return
10.76%
POAF
9.8649/-
Daily Return
15.95%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Large Scale Manufacturing (LSM) growth backtracks in 1HFY09
Industrial output surges 1.7pc in Dec ‘08 MoM
Large Scale Manufacturing (LSM) growth shrank by 4.72 per cent during the first half (July-December) of the current (2008-09) financial year due to economic slowdown, high interest rates, energy crisis and bad law and order situation more... (FD)

Export refinancing period extended
The State Bank of Pakistan (SBP) has extended the period of refinancing facilities for exporters under Part-I of the Export Finance Scheme (EFS) up to 270 days more... (D)

Excise dept achieves 81pc revenue target
The Sindh excise and taxation department claims to have achieved 81 per cent revenue collection target fixed for the current fiscal year more... (D)

US policy review: Obama endorses Afghanistan's participation
US President Barack Obama has accepted and endorsed a proposal from Afghanistan to participate in an inter-agency review of US policy on Afghanistan and Pakistan, Afghan President Hamid Karzai and a top US envoy said on Sunday more... (BR)

Govt agrees to enforce Sharia in Malakand: 10-day truce by Swat Taliban
The Taliban of Swat announced a 10-day ceasefire on Sunday after the government and the Tehrik Nifaz-i-Shariat Muhammadi (TNSM) reached an understanding about promulgating Sharia, termed ‘Nizam-i-Adl Regulation’, in Malakand region more... (D)

Samjhota, Mumbai attacks linked, says Qureshi
Foreign Minister Shah Mehmood Qureshi said here on Sunday that the Samjhota Express incident and Mumbai attacks were interconnected and the investigation process could only proceed if India responds to questions asked by Pakistan more... (D)

sector Briefing

Privatisation policy to be placed before cabinet on February 17
New privatisation policy will be placed for approval by cabinet committee on privatisation on Tuesday. Prime Minister Yousuf Raza Gilani will chair the meeting. The new policy will be based on public private partnership mode and 26 percent share will be offered to private sector with management control more... (BR)

Pepco arrears against KESC exceed Rs 83 billion
Karachi Electric Supply Company (KESC) failure to pay outstanding against it has accumulated arrears beyond Rs 83 billion payable to Pepco. The government had sold KESC for Rs 16 billion cash and Rs 4 billion preferential shares only with the intention of improving KESC performance, a private TV channel reported more... (BR)

Deemed duty may be replaced with oil processing fee
The government is set to eliminate deemed duty and is working on proposals to give $4-6 per barrel process fee to oil refineries. The government is currently giving 7.5 percent deemed duty to oil refineries as incentive to expand operations. The said deemed duty is being paid by the consumers to facilitate the oil refineries to expand their operations since 2001 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