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March 09 , 2009

Statistics
KSE 100 Index
Previous Index
5,788.27
Current Index
5,748.10
Change %
(0.69)%
YTD (CY09)
(2.00)%
YTD (FY09)
(53.20)%

International Indicates
 
Close
Percentage
BSE-30
8,325.82
1.56%
HANGSENG
11,921.52
(2.37)%
NIKKEI 255
7,173.10
(3.50)%
FTSE
3,530.70
0.02%
DJI
6,626.94
(0.49)%
SSEC
2,193.01
(1.26)%
NASDAQ
1,293.85
(0.44)%

S.C.R.A
06-03-2009
(0.46)
March 09
(3.83)
YTD
(510.54)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
12.01%
KIBOR (6 months)
12.51%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
80.50
Rs/UK
113.48
Rs/EURO
101.93
Rs/OMAN RIYAL
212.99

commodities
Oil
$46.49/barrel
Oil Change in %
2.13%
Gold
$938.00/ounce
Gold Change in %
(0.50%

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 07, 2009
 
Offer
Redemption
POBOP
49.6145/-
49.1184/-
Daily Return
8,837.50%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
54.4624/-
53.9178/-
Daily Return
1,784.47%
POAF
10.7087/-
Daily Return
45,003.47%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Commerce ministry criticises SBPs tight monetary policy
Commerce Ministry has reportedly termed State Bank of Pakistans (SBP) monetary policy as a failed policy as it is unable to control inflation and to strengthen trade balance, sources told Business Recorder. "During the first nine months of 2008, tight monetary policy could not give its desired results, as the core objective of controlling inflation and narrowing of trade balance was not achieved," sources said, quoting ministry officials more... (BR)

IMF report does not reflect ground realities
An International Monetary Fund (IMF) report, titled, The Implications of Global Financial Crisis for Low-Income Countries, presents statistics that no longer reflect the changing ground realities because of the deepening global recession. This is manifest for the GDP growth estimates for Pakistan. The report shows a projected GDP growth rate of 2 percent in 2009 more... (BR)

Depth of Pakistan stock markets declining sharply
Pakistans equity market was once famous for its depth that is liquidity. Due to sufficient volumes, Pakistan market up till last year was able to sustain large orders without impacting the market price more... (BR)

No more reconciliation efforts with PML-N: Ashraf
After almost one years ups and downs in the political honeymoon between two mainstream national parties PPP and PML-N, they have finally announced to part ways and decide the matters on the "streets." more... (BR)

Seven countries territory used for Mumbai terrorist plot: Interpol chief
The terrorists involved in November 26, 2008, Mumbai carnage had used the territory of seven countries, including Pakistan, for execution of their terror plot, said Ronald K Noble, Secretary General, Interpol, here on Sunday more... (BR)

PML-Q sides with PPP on forming govt in Punjab
Chaudhry Shujaat finally gives his nod to Governor Salman Taseer to install a PPP-PML-Q govt in Punjab more... (D)

sector Briefing

Bank, DFI credit criteria tightened
‘It is expected that bank and DFI’s credit policy … will emphasise higher credit standards:’ SBP more... (D)

Zardari to request Ahmadinejad to lower IPI gas price
As the energy crisis worsens, the President will make a last ditch attempt to secure cheaper fuel more... (D)

Future of CFS Mk-II product: SECP to follow panel suggestions
The Securities and Exchange Commission of Pakistan (SECP) will follow the recommendations of CFS Committee regarding the future of CFS Mk-II product. This was stated by SECP Acting Chairman Salman A Sheikh while talking to media persons after a daylong training workshop for economic journalists, organised by the Commission in collaboration with the Centre for International Private Enterprise (CIPE) here on Saturday more... (BR)

 
(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