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March 02 , 2009

Statistics
KSE 100 Index
Previous Index
5,649.49
Current Index
5,727.46
Change %
1.38%
YTD (CY09)
(2.30)%
YTD (FY09)
(53.40)%

International Indicates
 
Close
Percentage
BSE-30
8,891.61
(0.71)%
HANGSENG
12,811.57
(0.70)%
NIKKEI 255
7,568.42
1.50%
FTSE
3,830.09
(2.20)%
DJI
7,062.93
(1.66)%
SSEC
2,082.85
(1.81)%
NASDAQ
1,377.84
(0.98)%

S.C.R.A
27-02-2009
0.64
February 09
(54.71)
YTD
(504.90)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
12.39%
KIBOR (6 months)
13.01%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
79.90
Rs/UK
114.30
Rs/EURO
101.15
Rs/OMAN RIYAL
208.49

commodities
Oil
$43.70/barrel
Oil Change in %
(2.37)%
Gold
$953.30/ounce
Gold Change in %
1.15%

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 28, 2009
 
Offer
Redemption
POBOP
48.9094/-
48.4203/-
Daily Return
13.50%
POASF
- /-
- /-
Daily Return
- %
POAIF
- /-
- /-
Daily Return
- %
POAIIF
53.9337/-
53.3944/-
Daily Return
10.88%
POAF
10.0521/-
Daily Return
16.06%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

IMF concerned over political turmoil
The International Monetary Fund (IMF) is said to have expressed concern over the current political turmoil in Pakistan, fearing that the incumbent government would not be able to achieve the agreed economic targets if unrest continued, sources told Business Recorder more...

Government planning to reduce mark-up in March: BoI
The Chairman of the Board of Investment (BOI), Saleem H Mandviwala, has said that the government is planning to reduce mark-up rates in March 2009. Speaking at a seminar on 'Public-Private Partnership' (PPP), organised jointly by Karachi Chamber of Commerce and Industry (KCCI) and the government of Pakistan, he said that the future interest rates were likely to be reduced by 12 percent by June 2009 more... (BR)

NOCs for export to Afghanistan: commerce ministry and FBR probing misuse
The Federal Board of Revenue (FBR) and Ministry of Commerce are jointly investigating misuse of no-objection certificates (NOCs), clarifications, and authorisations used by certain exporters to clear export of banned/restricted items to Afghanistan more... (BR)

Time now to refocus on Pakistan, Afghanistan: Obama
A day after announcing a timeline to withdraw US troops from Iraq, President Barack Obama said on Saturday that now was the time to refocus on Afghanistan and Pakistan more... (D)

Soofi sets March 15 as deadline for Sharia law
Soofi Mohammed said on Sunday he wanted Islamic courts set up in two weeks. He said he was not happy there had been no tangible progress since February 16 when the government of North West Frontier Province agreed to accept Islamic law as the system of justice in Swat more... (BR)

PPP senator meets Nawaz
Pakistan People's Party (PPP) made first contact with Pakistan Muslim League-Nawaz top leader when PPP Senator Enver Baig met Nawaz Sharif at the latter's Raiwind residence on Sunday. Sources in PML-N told Business Recorder that Enver Baig during the meeting expressed reservations over the disqualification of the Sharif brothers and imposition of governor rule in Punjab more... (BR)

sector Briefing

Banking system's NPLs surge by Rs 37.037 billion
Non Performing Loans (NPLs) of banking system have register a noticeable growth during the second quarter of current fiscal year, as these surged by Rs 37.037 billion to new peak of Rs 325 billion. Bankers said that consumer financing portfolio has a major contribution in the rising trend of NPLs, which is estimated around one-third of the total NPLs more... (BR)

SNGPL to add 250 mcf more gas by June
The gas shortage in the country during the next winter season would be reduced significantly, as 250 mcf per day additional gas would be added in the system from June this year more... (BR)

OGRA says domestic oil prices to remain unchanged
The Oil and Gas Regulatory Authority (OGRA) has finalised its monthly calculations of the rise and fall in international oil prices and suggested that domestic oil prices should not be changed for another month more... (D)

 
(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