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March 17 , 2009

Statistics
KSE 100 Index
Previous Index
5,750.47
Current Index
6,063.54
Change %
5.44%
YTD (CY09)
3.40%
YTD (FY09)
(50.70)%

International Indicates
 
Close
Percentage
BSE-30
8,943.54
2.13%
HANGSENG
12,976.71.
3.60%
NIKKEI 255
7,704.15
1.78%
FTSE
3,863.99
2.94%
DJI
7,216.97
(0.10)%
SSEC
2,153.29
1.15%
NASDAQ
1,404.02
(1.92)%

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)
12.02%
KIBOR (6 months)
12.44%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.40
Rs/UK
112.79
Rs/EURO
103.68
Rs/OMAN RIYAL
209.42

commodities
Oil
$46.99/barrel
Oil Change in %
(0.76)%
Gold
$921.80/ounce
Gold Change in %
(0.02)%

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 14, 2009
 
Offer
Redemption
POBOP
49.7372/-
49.2398/-
Daily Return
44.87%
POASF
56.14/-
54.74/-
Daily Return
103.11%
POAIF
53.86/-
52.51/-
Daily Return
11.60%
POAIIF
54.3914/-
53.8475/-
Daily Return
4.12%
POAF
10.3251/-
Daily Return
17.94%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

ADB to restructure its investments in Pakistan
The Asian Development Bank (ADB) would continue to restructure its portfolio in Pakistan during the implementation of its $4.4billion Country Partnership Strategy (CPS) 2009-2013 and will take its focus away from education sector and fund only selective projects on the governance side more... (D)

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 more... (D)

Bankers expect no major cuts in interest rate
Bankers believe that State Bank cannot slash rates due to high inflation and also because it will hurt dollar inflows more... (D)

Clinton warned Pakistan of aid cut if no deal
Clinton told Zardari and Sharif that lawmakers might balk at sending more aid while the crisis persisted more... (D)

Aitzaz hopes Chaudhry wont hear case against NRO
Leading light of lawyers movement Barrister Aitzaz Ahsan has expressed the hope that Chief Justice Iftikhar Muhammad Chaudhry would not hear himself any case against the National Reconciliation Ordinance (NRO). To a question regarding possible reopening of hearing of NRO during a press conference at his residence on Monday more... (BR)

Pakistan came back from the brink: US
The US was calming tensions but settlement ‘was not something that the US helped bring about:’ State Department more... (D)

sector Briefing

Textile exporters may face Rs 4.8 billion loss:
foreign firms refuse export consignments
The textile exports may face loss of Rs 4.8 billion as the foreign companies of EU, Russia and US have refused to take the Pakistani textile products due to economic recession. According to the sources, 200 containers carrying textile consignment from Pakistan have stranded in Russia, EU and US. "Each container is carrying textile goods of worth $0.3 million and the textile sector has to face a loss of $60 million," an exporter said more... (BR)

Ministry wants IPI gas only for power generation:
Iran showed no flexibility on pricing
The Petroleum Ministry is sending a proposal to the Economic Co-ordination Committee (ECC) of the Cabinet to import Iran gas only for power generation purpose, under Iran-Pakistan-India (IPI) gas pipeline project, as Iran has refused to scale down the price from 78 percent to 70 percent of crude oil 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