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February 25, 2009

Statistics
KSE 100 Index
Previous Index
5,850.26
Current Index
5,874.83
Change %
0.42%
YTD (CY09)
0.20%
YTD (FY09)
(52.20)%

International Indicates
 
Close
Percentage
BSE-30
8,822.06
(0.24)%
HANGSENG
12,798.52
(2.90)%
NIKKEI 255
7,268.56
1.50%
FTSE
3,816.44
(0.90)%
DJI
7,350.54
3.31%
SSEC
2,200.65
(4.56)%
NASDAQ
1,441.83
3.90%

S.C.R.A
23-02-2009
(0.61)
February 09
(53.07)
YTD
(503.17)

Money Market Updates
Tbill Cut-off
 
1 year
14.21%
6 month
14.01%
KIBOR (3 months)
13.67%
KIBOR (6 months)
14.02%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
79.70
Rs/UK
116.01
Rs/EURO
101.35
Rs/OMAN RIYAL
208.30

commodities
Oil
$39.65/barrel
Oil Change in %
(0.78)%
Gold
$966.00/ounce
Gold Change in %
(0.36)%

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 24, 2009
 
Offer
Redemption
POBOP
48.8545/-
48.3660/-
Daily Return
10.14%
POASF
54.51 /-
53.15 /-
Daily Return
41.25%
POAIF
53.44 /-
52.10 /-
Daily Return
84.26%
POAIIF
53.8594/-
53.3208/-
Daily Return
10.66%
POAF
10.0376/-
Daily Return
61.36%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

New growth target to be negotiated with IMF: Tarin
Pakistan would finalise next six months' economic strategy with the IMF mission in Dubai with plan to ease monetary policy, scaling down tax revenues and negotiate new growth target. This was stated by advisor to Prime Minister on Finance Shaukat Tarin just before leaving for Dubai. The Fund believes that 3.4 percent GDP growth target is not achievable now more... (BR)

10.4 percent decline in profits repatriation by foreign investors
Due to slackness in the economy, repatriation of profit and dividend by foreign investors declined by 54.55 million dollars, or 10.4 percent, to 471.85 million dollars during July-January of the current fiscal year 2008-09 against 526.40 million dollars of same period of last year. During the current fiscal year of the companies, which resulted in decline in the repatriation of profit more... (BR)

'Average growth in exports is 10 percent'
Commerce Secretary Suleman Ghani said on Tuesday that export target fixed in Trade Policy 2008-09 was ambitious and average growth in exports is 10 percent. The Commerce ministry had set $22.1 billion export target for the current fiscal year envisaging 15 percent growth more... (BR)

Pakistan urgently needs 4-5 billion dollars: Kerry
The United States and Europe must give Pakistan 4-5 billion dollars in urgent aid or risk seeing the nuclear-armed country slip into chaos, two leading US foreign policy voices warned Tuesday. Democratic Senator John Kerry and Republican former senator Chuck Hagel, now chair of the Atlantic Council think tank, were to release a formal report on Wednesday appealing for international help to stabilise Pakistan more... (BR)

India to charge Ajmal Kasab Wednesday: Rakesh Maria
Pakistani national Mohammed Ajmal Amir Iman, also known as Kasab, was arrested during the November 26-29 attacks on Mumbai, India's financial capital. 'The charge sheet will be filed tomorrow (Wednesday),' Mumbai's joint commissioner of police Rakesh Maria told reporters Tuesday more... (D)

Pakistan, Afghanistan declare new trust in US talks
Wary neighbours Pakistan and Afghanistan have achieved a "new environment" of trust that will help their fight against a cross-border militants, Foreign Minister Shah Mehmood Qureshi said on Tuesday. The minister and Afghan Foreign Minister Rangeen Dadfar Spanta met in Washington ahead of talks with US Secretary of State Hillary Clinton as part of a review of US policy in Afghanistan and Pakistan more... (BR)

sector Briefing

EOIs for Jamshoro powerhouses' lease invited
The Privatisation Commission (PC) has invited Expressions of Interest (EOIs) from investors, companies and consortia worth $100 million with demonstrable experience in management, rehabilitation, operation and maintenance of power generation facilities for concession on "lease basis" of the facilities and assets of Jamshoro Power Company Limited (JPCL) for a period of 15 years more... (BR)

PSO buys March-April LSFO lots from FAL
Pakistan State Oil (PSO) has bought via tender 100,000 tonnes of low-sulphur fuel oil for March to April delivery from Middle East trader FAL Oil at a lower premium to previous deals, industry sources said on Tuesday more... (BR)

Government bent on depriving benefit of low oil prices to consumers
The government is all set to break the record of last 60 years by earning substantial revenue of over Rs 100 billion by not passing on full benefits of reduced prices of crude oil in the international market to domestic consumers, it is learnt 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