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February 23, 2009

Statistics
KSE 100 Index
Previous Index
6,022.44
Current Index
5,969.09
Change %
(0.89)%
YTD (CY09)
1.80%
YTD (FY09)
(51.40)%

International Indicates
 
Close
Percentage
BSE-30
8,843.21
(2.21)%
HANGSENG
12,699.17
(2.49)%
NIKKEI 255
7,416.38
(1.87)%
FTSE
3,889.10
(3.22)%
DJI
7,365.67
(1.34)%
SSEC
2,261.48
1.54%
NASDAQ
1,441.23
(0.11)%

S.C.R.A
20-02-2009
(3.82)
February 09
(52.46)
YTD
(502.56)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
13.73%
KIBOR (6 months)
14.07%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
79.80
Rs/UK
115.13
Rs/EURO
102.38
Rs/OMAN RIYAL
208.64

commodities
Oil
$40.50/barrel
Oil Change in %
1.17%
Gold
$989.50/ounce
Gold Change in %
(1.27)%

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)
10.29
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Jan 09)
$(10.73)bn
Curr. A/C (Jul-Jan 09)
$(7.75)bn
Remittances (Jul-Jan 09)
$4.27bn
Foreign Investment (Jul-Jan 09)
$2.23bn
All Scheduled Banks Deposit Base (Feb 14, 08)
Rs.3,861bn

Daily Returns and NAVs
as of Feb 21, 2009
 
Offer
Redemption
POBOP
48.7281/-
48.2408/-
Daily Return
11,099.20%
POASF
- /-
- /-
Daily Return
- %
POAIF
- /-
- /-
Daily Return
- %
POAIIF
53.7140/-
53.1769/-
Daily Return
180.59%
POAF
10.0155/-
Daily Return
9,302.05%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

January-June allocation: government may slash PSDP to Rs 70 billion
The government may further slash funds under Public Sector Development Programme (PSDP) allocation for projects during the second half (January-June) of the current financial year to the tune of Rs 70 billion. Sources revealed to Business Recorder here on Saturday that a slash in funds was being considered in addition to the Rs 100 billion throw forward adjustment in PSDP due to financial constraints more... (BR)

Over 600 private companies attract $1.58 billion FDI during July-January
More than 600 private companies in 30 different sectors of the economy attracted $1.58 billion during first seven months (July-January) of the current financial year. Each company attracted more than $0.09 million FDI, sources in the Board of Investment (BoI) told Business Recorder here on Saturday more... (BR)

$11.6 million withdrawn from share market
The outflow from foreign portfolio from the country's equity market amounted to $11.619 million during the week ended on February 21, 2009. The foreign investors bought shares worth $7.8 million and their sales amounted to $19.4 million during the week. According to National Clearing Company of Pakistan (NCCPL) data, the cumulative outflow of this mode of investment reached $34.175 in the current month more... (BR)

US will continue to help Pakistan: Clinton
US Secretary of State Hillary Clinton has said that US will continue to help Pakistan in these hours of lurch. She said this while talking to President Asif Ali Zardari on phone, a private TV channel reported on Saturday. According to the channel, both the leaders discussed issues of mutual interests including war on terrorism and situation in the region more... (BR)

Pakistan and India were close to secret deal on Kashmir
India and Pakistan came close to devising a framework for settling their long conflict over Kashmir in secret negotiations, but it was put on hold by the fall of President Pervez Musharraf, the New Yorker magazine reported Sunday more... (BR)

sector Briefing

Insurance companies' privatisation: commerce ministry protests against being ignored
Commerce Ministry has reportedly protested against Privatisation Commission's (PC) failure to take it on board over proposed divestment plan of insurance companies during a recent meeting of Cabinet Committee on Privatisation (CCoP), official sources told Business Recorder more...

Committee agrees to phase out CFS Mk-II product from bourses
The committee on CFS agreed to phase out the CFS Mk-II product from the local bourses, it is reliably learnt. The high-level committee constituted by Securities and Exchange Commission of Pakistan (SECP) met here on Saturday and reviewed the CFS Mk-II in its entirety including risk management, eligible securities and margin requirement more... (BR)

Hydel power generation: Pakistan and China ink agreement
Pakistan and China on Sunday signed an agreement here for co-operation in hydel power generation. Chairman Wapda Shakeel Durrani and President of China Three Gorges Project Corporation Li Yong'an signed the agreement which was also witnessed by President Asif Ali Zardari. Under the agreement, China will provide technical assistance to Pakistan in the field of hydel power generation 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