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February 27, 2009

Statistics
KSE 100 Index
Previous Index
5,580.78
Current Index
5,649.49
Change %
1.23%
YTD (CY09)
(3.70)%
YTD (FY09)
(54.00)%

International Indicates
 
Close
Percentage
BSE-30
8,954.86
0.59%
HANGSENG
12,894.94
(0.90)%
NIKKEI 255
7,457.93
(0.04)%
FTSE
3,915.64
1.70%
DJI
7,182.08
(1.22)%
SSEC
2,121.25
(3.87)%
NASDAQ
1,391.47
(2.38)%

S.C.R.A
25-02-2009
(1.45)
February 09
(52.95)
YTD
(503.05)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
12.79%
KIBOR (6 months)
13.31%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
79.90
Rs/UK
113.89
Rs/EURO
101.78
Rs/OMAN RIYAL
208.42

commodities
Oil
$44.54/barrel
Oil Change in %
(1.50)%
Gold
$940.30/ounce
Gold Change in %
(0.24)%

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)
10.17
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 21, 08)
Rs.3,858bn

Daily Returns and NAVs
as of Feb 26, 2009
 
Offer
Redemption
POBOP
48.8747/-
48.3860/-
Daily Return
11.81%
POASF
54.34 /-
52.98 /-
Daily Return
103.63%
POAIF
53.37 /-
52.04 /-
Daily Return
28.08%
POAIIF
53.9031/-
53.3641/-
Daily Return
11.80%
POAF
10.0454/-
Daily Return
15.44%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

ADB may double support for Pakistan Will finance Diamer-Bhasha Dam project
Vice President Asian Development Bank (ADB), Xiaoyu Zhao, on Thursday said the bank may double its lending portfolio to Pakistan after finalisation of general capital increases (GCI) with member states. Talking to media persons after meeting with Prime Minister Syed Yousuf Raza Gilani here at the PM's House, he said the bank has very active portfolio in Pakistan, adding that the bank was looking forward for enhancing cooperation in various fields more... (FD)

Pakistan's foreign exchange reserves fall to $10.16 billion
Foreign exchange reserves fell by $210 million to $10.16 billion in the week that ended on February 21, SBP said on Thursday. The State Bank of Pakistan's reserves were $6.73 billion from $6.91 billion a week earlier, while reserves held by commercial banks were $3.43 billion from $3.46 billion, the bank said more... (BR)

Govt approves mark-up subsidy of 3% to spinning sector for 2-year
The government has approved mark-up subsidy of 3 percent to spinning sector for two years, starting from July 1, 2007 to June 30, 2009, Federal Minister for Textile Industry, Rana Farooq Saeed Khan said more... (DT)

Violent protests in Punjab deepen political turmoil
A complete shutter-down was observed in Islamabad and Rawalpindi amid skirmishes between demonstrators and police in the aftermath of the disqualification verdict against Nawaz Sharif and Shahbaz Sharif by the Supreme Court and angry PML-N workers burnt vehicles and destroyed shops and buildings more... (BR)

PM calls cabinet meeting to discuss political situation
Prime Minister Yousuf Raza Gilani has summoned a meeting of the federal cabinet today (Friday) to discuss the country’s overall political situation more... (DT)

Qureshi raises drones issue with US leaders
Pakistan has drawn the Obama administration's attention to the issue of US drone attacks, as its foreign minister on Wednesday urged a review of the strategy that is "alienating the people" in counteraction to Islamabad's efforts to rally the people behind the fight against violent extremism more... (BR)

sector Briefing

RBS to sell its Pakistan Operations
The Royal Bank of Scotland on Thursday announced its intention to explore new ownership for the retail and commercial, GBM and GTS business in Pakistan. "There are several reasons why this decision has been made," the bank, in an information sent to Karachi Stock Exchange, said more... (BR)

E&P policy to focus on boosting gas production
A separate policy for dormant fields, tight gas and un-conventional hydrocarbon reservoirs would be approved to boost the gas exploration and production in the country, a senior government official told Daily Times on Thursday more... (DT)

Bosicor Refinery's equity breaks down on big lossesM Yasir Yousuf
Bosicor Refinery Ltd (BRL) announced its half-year result of the financial year 2008-09- for the period ended December 31, 2008 (1HFY09) - posting a huge loss after tax of Rs7.918 billion translating into a loss per share (LPS) of Rs20.19. The company, during the first half of FY08, had posted a profit after tax of Rs143 million translating into an earning per share (EPS) of Rs0.37 more... (FD)

 
(D): Dawn, (BR): Business Recorder, (FD): The Financial Daily, (DT) Daily Times
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