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March 24 , 2009

Statistics
KSE 100 Index
Previous Index
6,441.00
Current Index
6,340.36
Change %
(1.56)%
YTD (CY09)
8.10%
YTD (FY09)
(48.40)%

International Indicates
 
Close
Percentage
BSE-30
9,424.02
5.10%
HANGSENG
13,235.34.
3.10%
NIKKEI 255
8,215.53
3.40%
FTSE
3,952.81
2.90%
DJI
7,775.86
6.84%
SSEC
2,325.48
1.95%
NASDAQ
1,555.77
6.76%

S.C.R.A
20-03-2009
1.63
March 09
(13.07)
YTD
(519.77)

Money Market Updates
Tbill Cut-off
 
1 year
11.78%
6 month
11.67%
KIBOR (3 months)
12.19%
KIBOR (6 months)
12.48%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.40
Rs/UK
115.96
Rs/EURO
108.88
Rs/OMAN RIYAL
209.36

commodities
Oil
$53.49/barrel
Oil Change in %
(0.58)%
Gold
$942.80/ounce
Gold Change in %
(1.02)%

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)
10.16
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 21, 2009
 
Offer
Redemption
POBOP
49.4089/-
48.9148/-
Daily Return
(94.92)%
POASF
-/-
-/-
Daily Return
- %
POAIF
-/-
-/-
Daily Return
- %
POAIIF
54.2919/-
53.7490/-
Daily Return
(37.69)%
POAF
10.6226/-
Daily Return
52,385%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Revenue shortfall to be met with PDL, non-tax receipts
The government has committed to the International Monetary Fund (IMF) to meet the revenue shortfall through petroleum development levy (PDL) and non-tax revenues, sources in the Ministry of Finance more... (BR)

Tarin hints at capital gains tax on real estate
The Prime Minister’s Adviser on Finance Shaukat Tarin has hinted at the imposition of capital gains tax on real estate deals and indirect taxes on the service sector in the next budget more... (D)

Zardari to address Parliaments joint session on March 28
President Asif Ali Zardari will address the Parliaments joint sitting on 28th March in which he would make a major announcement, said parliamentary affairs minister Babar Awan here on Monday. Talking to media persons here, he said that all arrangements for presidential address were being finalised more... (BR)

New US strategy seeks to strengthen Pakistan
US not only wants greater engagement but also wants to redefine Pakistan’s relations with its neighbouring countries more... (D)

Afghan problem inseparable from Pakistan: Holbrooke
The United States met Nato allies on Monday to outline its strategy review for Afghanistan after President Barack Obama said it would contain an exit strategy and greater emphasis on economic development. US Special Representative for Afghanistan and Pakistan Richard Holbrooke met Nato Secretary-General Jaap de Hoop Scheffer before briefing the 26 alliance ambassadors more... (BR)

sector Briefing

Well-head gas rates soar 25.55pc20.2pc increase in Sui, Kandhkot well-head gas prices
The Oil and Gas Regulatory Authority (OGRA) has increased well-head gas prices up to 25.55 per cent for the second half of current fiscal year (2HFY09) after rupee shed more than 15 per cent against dollar during the preceding six months more... (FD)

New petroleum policy unveiled for 2009
Legislators and district administrations empowered to spend ‘production bonus’ on social development in their areas more... (D)

July-February 2008-09: export of non-textile products surges by 25.06 percent
The export of non-textile products surged by 25.06 per cent in the first eight months of current fiscal to $5.095 billion as against $4.074 billion for the same period of last year mainly because of growth in food and food commodities exports 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