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March 13 , 2009

Statistics
KSE 100 Index
Previous Index
5,557.92
Current Index
5,707.09
Change %
2.68%
YTD (CY09)
(2.70)%
YTD (FY09)
(53.60)%

International Indicates
 
Close
Percentage
BSE-30
8,343.75
2.25%
HANGSENG
12,001.53.
0.60%
NIKKEI 255
7,198.25
(2.40)%
FTSE
3,712.06
0.50%
DJI
7,170.06
3.46%
SSEC
2,133.88
(0.24)%
NASDAQ
1,426.10
3.97%

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

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.67%
KIBOR (3 months)
12.01%
KIBOR (6 months)
12.45%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.20
Rs/UK
111.25
Rs/EURO
102.90
Rs/OMAN RIYAL
209.19

commodities
Oil
$46.70/barrel
Oil Change in %
(0.70)%
Gold
$925.00/ounce
Gold Change in %
0.11%

Inflation
CPI Gen. Feb 09(YOY)
21.10%
CPI Gen. (Jul-Feb 09)
23.50%
NFNE Core INFL Feb 09 (YOY)
18.90%
NFNE Core INFL (Jul-Feb 09)
17.80%

Economic Indicators
US$ Reserves (Billion)
10.05
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Feb 09)
$(11.62)bn
Curr. A/C (Jul-Jan 09)
$(7.75)bn
Remittances (Jul-Feb 09)
$4.92bn
Foreign Investment (Jul-Jan 09)
$2.23bn
All Scheduled Banks Deposit Base (Mar 07, 08)
Rs.3,870bn

Daily Returns and NAVs
as of Mar 12, 2009
 
Offer
Redemption
POBOP
49.4398/-
48.9454/-
Daily Return
16.61%
POASF
55.54/-
54.15/-
Daily Return
121.73%
POAIF
53.76/-
52.42/-
Daily Return
41.83%
POAIIF
54.2420/-
53.6996/-
Daily Return
9.17%
POAF
10.2694/-
Daily Return
25.60%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

New foreign exchange reserves target fixed for June to be achieved: SBP chief
State Bank of Pakistan Governor Saleem Raza said on Thursday that Pakistan would achieve the new target of foreign exchange reserves set by International Monetary Fund (IMF) for June 30. He told the reporters after attending the national round table workshop on the "State of microfinance in Pakistan and recommendations for the future" in Planning Commission here more... (BR)

July 2008-February 2009: over 19 percent increase in remittances
Remittances sent home by overseas Pakistanis continued to show a rising trend and witnessed an increase of 19.21 percent during the first eight months of current fiscal year (2008-09). The country has received an amount of 4.91863 billion dollars on account of remittances in the first eight months (July-February) of the current fiscal year 2008-09 as compared to some 4.12616 billion dollars in same period of last fiscal year, showing an increase of 792.47 million dollars more... (BR)

ADB approves $4.4 bln lending programme for Pakistan
The Asian Development Bank has approved the ‘Country Partnership Strategy (CPS) 2009-2013’ under which it will provide $4.4billion loan to Pakistan for the energy, infrastructure, urban services and institutional reforms projects more... (D)

Holbrooke, Patterson hold teleconference with Zardari
The US has urged the government to lift the governors rule in Punjab as soon as possible, as Washington wants to see democracy flourishing in Pakistan. This was discussed during a teleconference between President Asif Ali Zardari, US special envoy for Pakistan and Afghanistan Richard Holbrooke and US ambassador to Pakistan Anne W Patterson here on Thursday more... (BR)

Crisis deepens further with Nawaz rebuffing government offers for talks
Lawyers in black suits and opposition party activists carrying flags and punching their fists in the air marched in Karachi and Lahore, demanding that President Asif Ali Zardari reinstate sacked judges. Organisers hope that hundreds of thousands of lawyers, opposition supporters and civil activists will join a four-day convoy on the 1,500 kilometres route from Karachi to Islamabad, where it is intended to arrive on Monday more... (BR)

US urges avoidance of violence, rule of law
The United States on Thursday said it is in contact with the Pakistani leadership on the current situation in the face of demonstration calls by the opposition parties as it reiterated Washingtons call for avoidance of violence and resolution of all differences within the countrys constitution more... (BR)

sector Briefing

Hubco Narowal project Financial Close achieved
The Hub Power Company Limited (Hubco) has announced that the Financial Close of the Hubco Narowal 225 megawatts RFO fired project has now been achieved. In an information send to Karachi Stock Exchange (KSE) here on Thursday, the company said that the construction activities are already in progress. "We target commercial operation by March 2010", it added more... (BR)

Car sales plunge by 49 per cent in July-Feb
Economic instability, high car prices and higher rates of car financing are cited as the cause of the sharp fall more... (D)

July-February oil production, sales show negative growth
Both refined oil production and sales showed negative growth of 5 percent and 4 percent respectively in the first eight months of FY09 over the same period last year. The oil production and sales figures announced by Oil Companies Advisory Committee (OCAC) show that during the eight months of FY09 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