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March 20 , 2009

Statistics
KSE 100 Index
Previous Index
6,266.00
Current Index
6,441.00
Change %
2.79%
YTD (CY09)
12.10%
YTD (FY09)
(47.60)%

International Indicates
 
Close
Percentage
BSE-30
9,001.75
0.28%
HANGSENG
13,130.92.
0.10%
NIKKEI 255
7,945.96
(0.33)%
FTSE
3,816.93
0.31%
DJI
7,400.80
(1.15)%
SSEC
2,265.76
1.89%
NASDAQ
1,483.48
(0.52)%

S.C.R.A
18-03-2009
(5.44)
March 09
(11.16)
YTD
(517.82)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.67%
KIBOR (3 months)
12.13%
KIBOR (6 months)
12.52%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.30
Rs/UK
113.87
Rs/EURO
107.77
Rs/OMAN RIYAL
209.53

commodities
Oil
$51.15/barrel
Oil Change in %
(0.89)%
Gold
$955.10/ounce
Gold Change in %
(0.39)%

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)
10.16
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-Feb 09)
$(7.46)bn
Remittances (Jul-Feb 09)
$4.92bn
Foreign Investment (Jul-Feb 09)
$1.89bn
All Scheduled Banks Deposit Base (Mar 14, 08)
Rs.3,888bn

Daily Returns and NAVs
as of Mar 19, 2009
 
Offer
Redemption
POBOP
49.8014/-
49.3034/-
Daily Return
22.13%
POASF
57.43/-
55.99/-
Daily Return
375.41%
POAIF
54.15/-
52.80/-
Daily Return
124.86%
POAIIF
54.3492/-
53.8057/-
Daily Return
14.22%
POAF
10.4379/-
Daily Return
34.91%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Forex reserves increase to $10.1611bn
Foreign exchange reserves of the country increased by $100.85 million during the last week, the State Bank of Pakistan (SBP) said on Thursday. It said after this increase, Pakistan's total liquid foreign reserves stand at $10.16bn more... (FD)

FDI during July-January amounts to $2587.7 million
The Economic Co-ordination Committee was informed on Thursday that foreign direct investment (FDI) during July-January, 2008-09 amounted to 2587.7 million dollars, registering a healthy growth of 1.3 percent compared with the last years period under review more... (BR)

Foreigners off-load stocks worth $22.46mn in four days
The outflow of portfolio investment from the country's equity market has significantly increased in the last four trading days as foreign investors withdrew $22.46 million which is reflecting their lack of confidence in the market more... (FD)

New US strategy allows drone attacks: Officials
Obama admin formalises drone attacks into Fata behind the concession of not expanding strikes to Balochistan more... (D)

New US strategy for Af-Pak to cost $10-20 bln: NY Times
US President Barack Obama is expected to approve a broader new Afghanistan-Pakistan strategy cost of which could range from $10 billion to $20 billion over next six or seven years, the New York Times said Thursday more... (D)

sector Briefing

Refurbished relocated oil refineries:
ECC agrees to grant seven-year tax holiday
Economic Co-ordination Committee (ECC) of the cabinet on Thursday agreed to grant seven years tax holiday to the refurbished oil refineries to be relocated to Balochistan subject to application of admissible regulations. Petroleum Ministry had recommended ten years concession and some other incentives for the refurbished refineries more... (BR)

Petroleum policy likely to be announced today
Petroleum Ministry is expected to notify new Petroleum Policy 2009 today (Friday) as members of sub-committee of Economic Co-ordination Committee (ECC) of the cabinet have signed the draft of the policy, a prerequisite prior to the issuance of the notification more... (BR)

Import of 0.26 million tonnes of urea:
government decides to provide Rs 7.5 billion to Minfa
The government has decided to provide Rs 7.5 billion to the Ministry of Food and Agriculture (Minfa) to import 0.260 million tonnes of urea, sources told Business Recorder here on Thursday. They said that the Ministry of Finance had already released 200 million dollars to import urea. "Earlier, 100 million dollars were released by the Finance Ministry 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