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March 04 , 2009

Statistics
KSE 100 Index
Previous Index
5,681.29
Current Index
5,681.29
Change %
(1.49)%
YTD (CY09)
(4.60)%
YTD (FY09)
(54.50)%

International Indicates
 
Close
Percentage
BSE-30
8,427.29
(2.09)%
HANGSENG
12,033.88
(2.30)%
NIKKEI 255
7,229.72
(0.70)%
FTSE
3,512.09
(3.10)%
DJI
6,726.02
(0.55)%
SSEC
2,071.43
(1.05)%
NASDAQ
1,321.01
(0.14)%

S.C.R.A
02-03-2009
(3.17)
February 09
(54.71)
YTD
(509.88)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
12.13%
KIBOR (6 months)
12.71%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
79.90
Rs/UK
112.74
Rs/EURO
100.94
Rs/OMAN RIYAL
208.73

commodities
Oil
$41.48/barrel
Oil Change in %
(0.41)%
Gold
$912.80/ounce
Gold Change in %
(0.09)%

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 Mar 03, 2009
 
Offer
Redemption
POBOP
48.9536/-
48.4641/-
Daily Return
8.47%
POASF
54.99 /-
53.62 /-
Daily Return
177.85%
POAIF
53.60 /-
52.26 /-
Daily Return
69.98%
POAIIF
53.9800/-
53.4402/-
Daily Return
11.02%
POAF
10.0640/-
Daily Return
15.62%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Tax revenue goes past Rs706bnDuring eight months of FY09
The Federal Board of Revenue (FBR) collected revenue of Rs706.46 billion during the first 8 months of the current fiscal year, showing an increase of 20.7 per cent over corresponding period of the last year more... (FD)

Govt expenditure rises by 10.5 per cent
Half year Budget deficit falls to 1.9 pc of GDP but expenses go up 10.5 pc due to increase in defence spending more... (D)

List of imported items carrying cash margin changed
The State Bank of Pakistan (SBP) on Tuesday announced some changes in the list of imported items, on which some 35 per cent cash margin has been imposed. SBP have waived some 70 items from the cash margin list, while some 145 have been added in the list. Sources said that side changes have been made on the requests of the business community more... (BR)

US calls it attack on Sri Lanka, Pakistan relations
President Obama expresses deep concern over a terrorist attack on the Sri Lankan cricket team in Lahore more... (D)

Gunmen wound Sri Lankan cricketers; seven policemen among eight killed
The Sri Lankan cricket team was attacked by about a dozen terrorists on Tuesday morning when the bus carrying the team was heading to the Gaddafi Stadium for the third day's play of the second Test match. According to details, at about 8.40 am, when the bus carrying the Sri Lankan team reached Liberty Market, situated next to the Gaddafi Stadium, the terrorists fired a rocket, which was sensibly dodged by the bus driver more... (BR)

Pakistan security hopeless:
India denounced "hopelessly inadequate" Pakistani security after Tuesday's attack on the Sri Lankan cricket team and cited Islamabad's failure to crush militant groups on its soil. "The security for the Sri Lankan cricket team was hopelessly inadequate," Home Minister P Chidambaram said as he condemned the assault by gunmen more... (FD)

sector Briefing

PSO seeks release of Rs 20 billion for oil import
The Pakistan State Oil (PSO) has sought immediate release of Rs 20 billion to import oil. PSO has also warned that its L/Cs may default if the money was not released immediately. Sources in Petroleum Ministry told Business Recorder that PSO management has written a letter to the Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain, requesting for his intervention for immediate release of Rs 20 billion for oil import more... (BR)

Oil refineries production witnesses 4.14 percent growth
The total production of oil refineries has witnessed a growth of 4.14 percent during the corresponding fiscal year 2007-08. The total production (energy and non-energy) by the refineries during the year amounted to 11.10 million tons as compared to previous year's 10.66 million tons, posting a growth of 4.14 percent, according to official sources more... (BR)

LPG ex-plant prices fall more than by Rs 4,000/ metric tonne
The ex-plant prices of Liquefied Petroleum Gas (LPG) fell by over Rs 4,000 per metric tonne following the downward trend in Saudi Aramco Contract Price (CP) for this month, it is learnt more... (DT)

 
(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