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March 11 , 2009

Statistics
KSE 100 Index
Previous Index
5,748.10
Current Index
5,662.02
Change %
(1.50)%
YTD (CY09)
(3.50)%
YTD (FY09)
(53.90)%

International Indicates
 
Close
Percentage
BSE-30
8,160.40
(1.99%
HANGSENG
11,344.58
(4.80)%
NIKKEI 255
7,086.03
(1.20)%
FTSE
3,542.40
0.30%
DJI
6,547.05
(1.21)%
SSEC
2,158.57
1.88%
NASDAQ
1,268.64
(1.94)%

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)
11.98%
KIBOR (6 months)
12.50%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
80.60
Rs/UK
113.81
Rs/EURO
102.16
Rs/OMAN RIYAL
208.71

commodities
Oil
$45.70/barrel
Oil Change in %
(0.02)%
Gold
$897.10/ounce
Gold Change in %
0.13%

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 09, 2009
 
Offer
Redemption
POBOP
49.1606/-
48.6690/-
Daily Return
12.33%
POASF
55.47/-
54.08/-
Daily Return
63.32%
POAIF
53.71/-
52.37/-
Daily Return
11.63%
POAIIF
54.1875/-
53.6456/-
Daily Return
10.90%
POAF
10.2417/-
Daily Return
23.28%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Mark-up under EFS-Part II: State Bank extends relief on performance
The State Bank of Pakistan on Monday introduced performance-based lower mark-up rates for exporters under Export Finance Scheme (EFS) Part II with a view to further incentivise exporters who are performing well so that they remain competitive in the international market. Earlier, the SBP was providing financing to exporters on single mark-up rate--7.5 percent--under the EFS part II more... (BR)

Trade deficit swells to $11.621 billion in July-February
Pakistan trade deficit has swelled to $11.621 billion in the first eight months of current fiscal with $23.777 billion imports against $12.156 exports, according to Federal Bureau of Statistics (FBS). Provisional trade figures released by the FBS here on Monday, however, showed that trade deficit in July-February 2008-09 has declined by 6.86 per cent over the same period of last year more... (BR)

Year on year Exports fall by 17 pc in February
The effect of energy crises, high inflation and the depreciation of the rupee has begun to loom over the export sector; which fell drastically to record negative 17 per cent growth during February 2009, as compared to same month last year more... (D)

Govt crackdown on opposition in bid to thwart long march
Police have been ordered to place under house arrest the Sharif brothers, Qazi Hussain Ahmed and Imran Khan. more... (D)

Musharraf spells out three-pronged strategy
A placid looking former President, General Pervez Musharraf (Retd), full of pep and radiating unusual confidence suggested a three-point strategy for pulling the country out of the current turmoil at a crowded impromptu press conference arranged by Jawz Communications here on Monday afternoon more... (BR)

Indian commando unit to guard Pakistan mission: report
The unit ‘will perform security duties after assessing the situation there,’ CISF Director General N R Das said more... (D)

sector Briefing

Categorisation of open-end schemes: SECP lays down Criterion
The Securities and Exchange Commission of Pakistan (SECP) has laid down the criterion for categorisation of open-end schemes managed by Asset Management Companies from March 6. The SECP has issued a Circular No 7 of 2009 here on Monday in consultation with the Mutual Funds Association of Pakistan more... (BR)

768,000 tons of furnace oil needed by power sector in March-April
The Pakistan State Oil (PSO) has worked out 768,000 tons furnace oil requirements of Pepcos thermal power stations and independent power producers (IPPs) for March and April, to be imported from different countries, official sources told more... (BR)

Oil prices rise as OPEC signals supply cuts
Analysts say there will be a short-term pop in prices but a demand slump will persist until the US economy stabilizes 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