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March 06 , 2009

Statistics
KSE 100 Index
Previous Index
5,815.43
Current Index
5,788.27
Change %
(0.47)%
YTD (CY09)
(1.30)%
YTD (FY09)
(52.90)%

International Indicates
 
Close
Percentage
BSE-30
8,197.92
(2.94)%
HANGSENG
12,211.24
(1.00)%
NIKKEI 255
7,433.49
2.00%
FTSE
3,529.86
(3.18)%
DJI
6,594.44
(4.09%
SSEC
2,221.08
1.04%
NASDAQ
1,299.59
(4.00)%

S.C.R.A
04-03-2009
(0.94)
March 09
(2.75)
YTD
(509.46)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
11.95%
KIBOR (6 months)
12.54%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
80.20
Rs/UK
113.55
Rs/EURO
101.15
Rs/OMAN RIYAL
209.41

commodities
Oil
$43.95/barrel
Oil Change in %
0.78%
Gold
$936.20/ounce
Gold Change in %
0.91%

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)
10.14
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 28, 08)
Rs.3,897bn

Daily Returns and NAVs
as of Mar 05, 2009
 
Offer
Redemption
POBOP
48.9937/-
48.5038/-
Daily Return
10.53%
POASF
55.24 /-
53.86 /-
Daily Return
(47.38)%
POAIF
53.66 /-
52.32 /-
Daily Return
(20.92)%
POAIIF
54.0107/-
53.4706/-
Daily Return
10.86%
POAF
10.0720/-
Daily Return
16.87%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Forex reserves fall by $28mn
Pakistan's total liquid foreign exchange reserves have fallen by $28 million to $10.138 billion this week. According to weekly report released by State Bank of Pakistan (SBP) here on Thursday, the foreign exchange reserves held by the central bank were recorded at $6.687 billion on February 28, 2009 while reserves held by the banks other than SBP stood at about $3.451 billion. -APP more... (FD)

Understanding between Pakistan and IMF for 2009-10 budget
An understanding between the government of Pakistan and International Monetary Fund (IMF) has reached for imposition of 0.2 percent capital value tax (CVT) on withdrawal of equivalent amount of Rs 25,000 from foreign currency accounts (FCAs) in the budget 2009-10 more... (DT)

European Central Bank (ECB), Bank of England (BoE) rates at record low
The European Central Bank (ECB) and Bank of England (BoE) cut their interest rates to record low level on Thursday. The ECB cut interest rates to an all-time low of 1.5 per cent, keeping up a record pace of reductions as the eurozone economy slides deeper into recession more... (FD)

Pakistan facing serious internal threat: Hillary
Calling the attack on the Sri Lankan cricket team in Lahore an ‘eerie replica’ of the Mumbai attacks, United States (US) Secretary of State Hillary Clinton has said Pakistan is facing a serious more... (DT)

Time to help Pakistan is now, says US Congressman
‘Opening avenues for employment in Afghanistan and Pakistan helps shut down paths that lead to terrorism more... (D)

Musharraf advises Shujaat to support PPP
The former president's suggestion has reportedly been given a cold shoulder as PML-Q leaders refuse to accept the advice more... (D)

sector Briefing

Oil Marketing Companies (OMCs) lose Rs13.74bn in 1HFY09
Oil Marketing Companies (OMCs) listed in the country's bourses have shown phenomenal decline of 266 per cent in their earnings during the first half of the current (2008-09) fiscal year. Loss after taxation of listed OMCs (i.e. PSO, SHELL & APL) stood at Rs13.74 billion in 1HFY09 as compared to profit after taxation of Rs8.26 billion recorded during the corresponding period of the last fiscal year more... (FD)

Record banking spread reached in January
Average lending rate was 14.66 per cent while average deposit rate was just 6.88 per cent, which shows negative return more... (D)

Banks lost Rs6 bln to fraud and theft in past year
NBP and ZTBL top the list, losing Rs1.07 bln and Rs699 mln respectively, according to a National Assembly report 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