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March 12 , 2009

Statistics
KSE 100 Index
Previous Index
5,662.02
Current Index
5,557.92
Change %
(1.84)%
YTD (CY09)
(5.20)%
YTD (FY09)
(54.80)%

International Indicates
 
Close
Percentage
BSE-30
8,160.40
(1.99%
HANGSENG
11,930.66
2.00%
NIKKEI 255
7,376.12
4.60%
FTSE
3,693.81
(0.60)%
DJI
6,930.40
0.06%
SSEC
2,139.03
(0.91)%
NASDAQ
1,371.64
0.98%

S.C.R.A
09-03-2009
(1.63)
March 09
(5.46)
YTD
(512.17)

Money Market Updates
Tbill Cut-off
 
1 year
12.99%
6 month
12.96%
KIBOR (3 months)
11.95%
KIBOR (6 months)
12.46%
PIB (10 years)
14.94%

Exchange Rates
Rs/US
80.60
Rs/UK
110.70
Rs/EURO
102.09
Rs/OMAN RIYAL
209.28

commodities
Oil
$43.03/barrel
Oil Change in %
1.65%
Gold
$914.00/ounce
Gold Change in %
0.36%

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 11, 2009
 
Offer
Redemption
POBOP
49.4190/-
48.9248/-
Daily Return
160.31%
POASF
55.35/-
53.97/-
Daily Return
(37.12)%
POAIF
53.70/-
52.36/-
Daily Return
(3.48)%
POAIIF
54.2290/-
53.6867/-
Daily Return
15.00%
POAF
10.2630/-
Daily Return
45.98%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Six-month Treasury Bills cut-off yield at 11.7845
As per expectations, some 100 basis points (bps) reduction was witnessed in the cut-off yield of Market Treasury Bills auctioned on Wednesday ahead of likely cut in the policy rate next month. The heavy participation also indicated that the market has huge liquidity due to slow credit growth by the private sector and banks want to take the advantage of high yield more... (BR)

July-February CPI inflation surges by 23.49 percent
The CPI inflation surged by 23.49 percent during July-February 2008-09 over the same period of last year, according to Federal Bureau of Statistics (FBS). Official figures released by the FBS here on Wednesday showed that inflation measured through Consumer Price Index (CPI), Sensitive Price Indicator (SPI) and Wholesale Price Index (WPI) surged by 0.95, 0.85 and 0.66 percent respectively in February 2008-09 over the previous month more... (BR)

ADB approves $4.4 bln lending programme for Pakistan
The loans will target structural changes, the promotion of investment and institutional effectiveness more... (D)

Country nears the precipice: arrests ahead of long march;
Gilani vows to help resolve crisis
Prime Minister Yousuf Raza Gilani on Wednesday said he would take up the issue of lifting Governors Rule in Punjab with the President on his return from Iran, adding that PPP was ready for amicable solution to the crisis under Charter of Democracy (COD) more... (BR)

US avoids commenting on Pakistani politics
US supports free speech and right to protest with rhetoric rather than concrete diplomatic action more... (D)

Kayani urges Prime Minister to resolve deposed chief justices issue
Chief of the Army Staff (COAS) General Ashfaq Parvez Kayani has urged the government to resolve the issue of deposed chief justice Iftikhar Muhammad Chaudhry amicably in an effort to ensure normalcy in the country, well informed sources told this scribe here more... (BR)

sector Briefing

30 percent decline in insurance business
The insurance business has declined by 30 percent in the country due to slowing down of economic activities in the recent global recession. The international re-insurers have cut the rates of commission of local insurance companies, while on the other hand the 5 percent increase in the CED to 10 percent had put an extra burden on the insurance business, M. A. Shahid, CEO of United Insurance said on Wednesday while talking to more... (BR)

New petroleum policy to be announced soon
Minister for Privatisation Syed Naveed Qamar has said that the new petroleum policy would be shortly announced, which would provide sufficient incentives and facilities to the local residents of areas where gas or oil discovery has been made. Responding to various queries here on Wednesday, he informed the National Assembly that the new exploration policy would give priority to those areas where gas or oil exploration has been done more... (BR)

Tapi steering body meeting in Delhi on April 3
Turkmenistan is expected to submit the audit report about its gas reserves in the meeting of the steering committee, likely to be held on April 3 in New Delhi, on Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Sources told Business Recorder that ADB, the main sponsor of the project, has proposed the meeting of the steering committee 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