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March 25 , 2009

Statistics
KSE 100 Index
Previous Index
6,340.36
Current Index
6,617.00
Change %
4.36%
YTD (CY09)
12.80%
YTD (FY09)
(46.20)%

International Indicates
 
Close
Percentage
BSE-30
9,471.04
0.50%
HANGSENG
13,910.94.
3.44%
NIKKEI 255
8,488.30
3.22%
FTSE
3,911.46
(1.05)%
DJI
7,660.21
(1.49)%
SSEC
2,338.42
0.56%
NASDAQ
1,518.34
(2.41)%

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)
12.20%
KIBOR (6 months)
12.47%
PIB (10 years)
12.67%

Exchange Rates
Rs/US
80.40
Rs/UK
117.76
Rs/EURO
109.60
Rs/OMAN RIYAL
209.45

commodities
Oil
$53.20/barrel
Oil Change in %
(1.44)%
Gold
$930.20/ounce
Gold Change in %
0.45%

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 24, 2009
 
Offer
Redemption
POBOP
49.4664/-
48.9717/-
Daily Return
15.19%
POASF
58.68/-
57.21/-
Daily Return
217.18%
POAIF
54.63/-
53.26/-
Daily Return
112.74%
POAIIF
54.4685/-
53.9238/-
Daily Return
48.44%
POAF
10.6604/-
Daily Return
54.15%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Real estate, other sectors have to be taxed
Advisor to Prime Minister on Finance Shaukat Tarin on Tuesday said that real estate sector and other untaxed areas as well as all individuals earning over 0.2 million net incomes have to be taxed to become self-sufficient and ensure sufficient allocations for social sector more... (BR)

Pakistan seeks $10bn from friends group
The amount is a fraction of the $60 billion that the government expected to raise from the group last year more... (D)

SBP chief fears surge in NPLs
Salim Raza said he feared a wave of loan defaults as Small and Medium Enterprises were hit by the global slowdown more... (D)

UKs new anti-terror strategy eyes Pakistan
Britain published a new counter-terrorism strategy Tuesday, notably highlighting the risks posed by potential extremist activity in Pakistan and Somalia. While the al Qaeda network is likely to fragment over time, officials warned of the growing threat of an attack on Britain using chemical or nuclear weapons more... (BR)

Iftikhar seeks to cleanse judiciary of corruption
Addressing a packed courtroom, the CJ appeals to lawyers to help him rid the judiciary of corruption more... (D)

Constitutional petition moved in SC against Musharraf
Petitioner has sought a declaration that Musharraf committed a subversion of the constitution as outlined in Article 6 more... (D)

sector Briefing

Subsidy on DAP to go from Kharif
The government has decided to remove subsidy on DAP for the coming Kharif season. This may take the price of the fertiliser to Rs 5500 per 50 kg bag in the domestic market. Sources told Business Recorder here on Tuesday that this decision was to be taken as a result of International Monetary Fund (IMF) conditionalities. According to sources, the subsidy is likely to be removed from December 31, 2008 more... (BR)

PPL declares second interim dividend
The Pakistan Petroleum Limited (PPL) has declared second interim dividend, of Rs 5.00 per share ie 50 percent, on fully paid ordinary shares of Rs 10 each, for the year ending by June 30, 2009. This was decided at the meeting of the board of directors of PPL held here on Tuesday more... (BR)

Top economic managers for shelving IPI project
Pakistans top economic managers are reported to have suggested to the government to shelve the multibillion-dollar Iran-Pakistan-India (IPI) gas pipeline project, and instead explore domestic resources to meet the energy requirements, official sources told Business Recorder. The Bush-time White House had strongly resisted the IPI, and had exerted considerable pressure on both India and Pakistan to abandon the project 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