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LOGO
February 17, 2009

Statistics
KSE 100 Index
Previous Index
5,625.90
Current Index
5,776.73
Change %
2.68%
YTD (CY09)
(1.50)%
YTD (FY09)
(53.00)%

International Indicates
 
Close
Percentage
BSE-30
9,305.45
(3.42)%
HANGSENG
13,455.88
(0.73)%
NIKKEI 255
7,750.17
(0.73)%
FTSE
4,134.75
(1.30)%
DJI
7,850.41
(1.04)%
SSEC
2,389.39
2.96%
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)
13.95%
KIBOR (6 months)
14.26%
PIB (10 years)
16.48%

Exchange Rates
Rs/US
79.80
Rs/UK
113.64
Rs/EURO
101.98
Rs/OMAN RIYAL
208.52

commodities
Oil
$36.75/barrel
Oil Change in %
(2.03)%
Gold
$958.60/ounce
Gold Change in %
1.74%

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 16, 2009
 
Offer
Redemption
POBOP
47.9370/-
47.4576/-
Daily Return
17.18%
POASF
54.51 /-
53.15 /-
Daily Return
80.65%
POAIF
53.16 /-
51.83 /-
Daily Return
68.46%
POAIIF
53.4221/-
52.8879/-
Daily Return
10.76%
POAF
9.8689/-
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

‘FDI to surpass target this year'
Foreign Direct Investment (FDI) will surpass last year’s figures, the Board of Investment (BoI) Monday informed the Prime Minister. PM, Yousaf Raza Gillani on the occasion said due to country’s geo-strategic location, availability of skilled manpower, better more... (DT)

Raise in IMF loan eyed due to terror war
Pakistan will seek a further $4.5 billion loan from the International Monetary Fund (IMF), warning that the country's fight against terrorists is hurting the economy, a foreign news website reported on Monday. "We will ask the (IMF) Board of Directors for the amount as the war on terror has caused serious economic problems," the website said, quoting Advisor to Prime Minister on Finance Shaukat Tareen as saying. The additional funds would boost the country's total borrowing from the IMF to more than $12 billion, it said more... (FD)

13 units' 26 percent divestment may be approved by CcoP
The Cabinet Committee on Privatisation (CCoP), in its meeting on Tuesday is likely to approve divestment of 26 percent shares of 13 public sector entities through President Asif Zardari's proposed model of public-private partnership (PPP), sources close to Privatisation Minister told Business Recorder here on Monday more... (BR)

India hikes defence budget by 24 percent
India announced Monday a hefty 24 percent hike in its defence budget for the upcoming fiscal year as its military fast-tracks acquisitions following the Mumbai militant attacks. "We are going through tough times. The Mumbai terror attacks have given an entirely new dimension to cross-border terrorism," acting finance minister Pranab Mukherjee said as he presented an interim budget to parliament more... (BR)

Swat a threat for all of us, Holbrooke tells India
An Islamist militancy in Swat region is a common threat to the United States, India and Pakistan, a special US envoy said on Monday, after meeting India's foreign minister and top security officials. The envoy for Pakistan and Afghanistan said he discussed details of his visit last week to the two countries and shared his concerns about security more... (BR)

sector Briefing

OGDCL discovers new gasfield in Qadirpur
The Oil and Gas Development Company Limited (OGDCL) has made a tiny-sized discovery of gas from its Qadirpur field well #1 located in district Ghotki of Sindh province. Based on initial testing results, the discovery is estimated to contain 4.28 million cubic feet per day (mmcfd) of gas more... (FD)

OMCs raise furnace oil price by Rs 737 per ton
Furnace oil price has gone up by Rs 737 per ton from Rs 27,415.44 to Rs 28,152.44 per ton due to rising demand and low supply, dealers said. The oil marketing companies on Monday officially announced the change in the furnace oil price and started supply of furnace oil on new rates, they said more... (BR)

Rs 75 billion TFC for Pepco planned
The ministry of finance has finalised a plan to clear massive circular debt and a settlement accord has been reached with banks to launch Rs 75 billion TFC for Pepco. The finance ministry sources said that before the end of the IMF meeting in Dubai, the government will finalise the TFC issue to clear circular debts in first phase and also draw a plan to withdraw subsidy on power sector by June this year 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