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March 16 , 2009

Statistics
KSE 100 Index
Previous Index
5,707.09
Current Index
5,750.47
Change %
0.76%
YTD (CY09)
(2.00)%
YTD (FY09)
(53.20)%

International Indicates
 
Close
Percentage
BSE-30
8,756.61
4.95%
HANGSENG
12,525.61.
4.40%
NIKKEI 255
7,569.28
5.20%
FTSE
3,753.68
1.10%
DJI
7,223.98
0.75%
SSEC
2,128.85
(0.24)%
NASDAQ
1,431.50
0.38%

S.C.R.A
13-03-2009
0.45
March 09
(5.04)
YTD
(511.75)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.67%
KIBOR (3 months)
12.01%
KIBOR (6 months)
12.43%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.30
Rs/UK
112.37
Rs/EURO
103.83
Rs/OMAN RIYAL
212.56

commodities
Oil
$44.50/barrel
Oil Change in %
(3.78)%
Gold
$925.80/ounce
Gold Change in %
(0.46)%

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 13, 2009
 
Offer
Redemption
POBOP
49.6363/-
49.1399/-
Daily Return
75.67%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
54.3794/-
53.8356/-
Daily Return
120.95%
POAF
10.3158/-
Daily Return
63.99%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Domestic debts cross Rs 3.6 trillion mark
Domestic debts surged by 10 percent to the record level of Rs 3.6071 trillion during seven months of the current fiscal year, from Rs 3.2661 trillion on June 30, 2008, due to a significant rise in fiscal deficit and slow foreign inflows more... (BR)

No change in tax regime for shares business in 2009-10: Tarin
The government will continue the current tax regime without any change for shares business for the next fiscal year ie 2009-10. This was stated by Advisor to Prime Minister on Finance Shaukat Tarin while speaking at the Top-25 Companies Awards ceremony for years 2006 and 2007 at the Karachi Stock Exchange, here on Saturday more... (BR)

Interest rate to lower in July-August: PM's Finance Advisor
The Advisor to the Prime Minister on Finance, Shaukat Tareen said Saturday that the interest rate will come down to single digit in July-August this year and further fall to about 6 per cent on an average next year, APP reported more... (D)

Chaudhry to be restored
Government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice to defuse a political crisis and end a street agitation that was threatening to turn into violent confrontation, officials said. "Chaudhry will be restored, and there will also be a constitutional package," a government official with knowledge of the deal told Reuters more... (BR)

US welcomes Pakistan move to reinstate chief justice
‘Now is the time to work together to peacefully strengthen democracy and ensure a positive dialogue.’ more... (D)

COAS holds 2-hour long meeting with Prime Minister
Chief of Army Staff Gen Parvez Kayani Sunday held two-hours long meeting with Prime Minister Gilani, sources said. According to the sources, the progress has been made in the meeting towards solution of the ongoing political crisis more... (FD)

sector Briefing

Rs four billion released to Pepco for payment to PSO
The government on Saturday released Rs 4 billion to Pakistan Electric Power Company (Pepco) for making payment to Pakistan State Oil (PSO) for furnace oil supply, it is learnt. The PSO management had requested for immediate release of Rs 20 billion to import oil as it feared default of LCs. PSO had supplied oil costing Rs 14.1 billion during February but received only Rs 6.4 billion more... (BR)

Opec keeps oil output unchanged
The Opec oil cartel on Sunday froze its output at current levels and urged its 12 member nations to comply with last years deep cuts as a savage global downturn dents energy demand. The Organisation of Petroleum Exporting Countries said it will reconvene here on May 28 for an extraordinary meeting to assess the market more... (BR)

Arif Habib, AKD form Real Estate Investment Trusts
Arif Habib and Akeel Karim Dhedi (AKD), two of the country’s leading stock-brokers have now officially entered the real estate business 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