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April 01 , 2009

Statistics
KSE 100 Index
Previous Index
7,014.81
Current Index
6,860.22
Change %
(2.20)%
YTD (CY09)
(0.10)%
YTD (FY09)
(44.20)%

International Indicates
 
Close
Percentage
BSE-30
9,708.50
1.47%
HANGSENG
13,576.02.
0.89%
NIKKEI 255
8,109.53
(1.50)%
FTSE
3,926.14
4.30%
DJI
7,608.92
1.16%
SSEC
2,373.21
0.64%
NASDAQ
1,528.59
1.78%

S.C.R.A
25-03-2009
0.60
March 09
(21.94)
YTD
(528.65)

Money Market Updates
Tbill Cut-off
 
1 year
11.85%
6 month
11.76%
KIBOR (3 months)
12.77%
KIBOR (6 months)
12.85%
PIB (10 years)
12.41%

Exchange Rates
Rs/US
80.40
Rs/UK
115.25
Rs/EURO
106.69
Rs/OMAN RIYAL
209.94

commodities
Oil
$48.56/barrel
Oil Change in %
(2.22)%
Gold
$921.40/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)
10.26
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 21, 08)
Rs.3,876bn

Daily Returns and NAVs
as of Mar 31, 2009
 
Offer
Redemption
POBOP
49.4577/-
48.9631/-
Daily Return
8.14%
POASF
59.43/-
57.94/-
Daily Return
(100.52)%
POAIF
54.95/-
53.58/-
Daily Return
(6.81)%
POAIIF
54.5855/-
54.0396/-
Daily Return
10.74%
POAF
10.7071/-
Daily Return
64.61%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Government cuts NSS rates
The government has approved a proposal to reduce interest rate on National Saving Scheme by 70 to 140 basis points. The new NSS rate would be effective from 1st April, 2009 (today) more... (FD)

GDP growth rate to increase to four percent by 2010:
Asian Development Bank Outlook 2009
Asian Development Bank (ADB) has projected Pakistans gross domestic product (GDP) growth rate in 2009 financial year to be 2.8 percent that would increase to four percent in 2010, said ADBs Country Director for Pakistan Rune Stroem here on Tuesday more... (BR)

US proposes $2.8bn military, $7.5bn economic Pak aid
The Foreign Relations holds a hearing on Wednesday on a bill which seeks to triple economic assistance to Islamabad more... (D)

Shahbaz returns as Punjab chief minister
The Supreme Court on Tuesday allowed Shahbaz Sharif to retain the office of Punjab Chief Minister with immediate effect, suspending the operation of its earlier judgement which cancelled the notification declaring him member of provincial assembly more... (BR)

Indian Prime Minister dismisses Zardaris call for talks
Indian Prime Minister Manmohan Singh said on Tuesday that no further peace talks would be held with Pakistan until it acted against those behind last years attacks on the city of Mumbai. Singh was reacting to comments by President Asif Ali Zardari, who expressed hope that the talks would be revived soon more... (BR)

Mehsud threatens attack on White House
The commander of the Taliban claimed responsibility Tuesday for a deadly assault on a police academy and said the group was planning a terrorist attack on the White House that would "amaze the world. Baitullah Mehsud, who has a $5 million bounty on his head from the US, said Mondays attack on the outskirts of the eastern city of Lahore was retaliation for US missile strikes against militants along the Afghan border more... (BR)

sector Briefing

Petroleum products hedging plan in jeopardy
The governments petroleum products hedging plan is said to be in jeopardy as the Ministries of Petroleum and Finance and Oil Marketing Companies (OMCs) are unenthusiastic about implementation of "non serious" directives issued by the Economic Co-ordination Committee (ECC) of the Cabinet in February more... (BR)

Rs 80.15 billion oil, gas and power sectors circular debt cleared: minister
Water and Power Minister Raja Parvez Ashraf on Tuesday said the government has cleared the circular debt of Rs 80.15 billion in oil, gas and power sectors and the remaining would be cleared by June this year. Addressing a press conference here, the minister said that the government had paid Rs 78.325 billion to four Independent Power Producer (IPPs) - Hubco Rs 35.458 billion, Kapco Rs 31.868 billion, AES Lalpir 5.699 billion and AES Pak Gen Rs 5.300 billion more... (BR)

KASB Bank becomes stronger after merger
KASB Bank in 2008 has seen an unusual year, which included mergers, intrinsic growth and dealing with the macro-economic challenges, according to a press release issued here Tuesday. As a result of a strategic alignment in line with the consolidated supervision envisaged by the SBP, and to meet the regulatory capital requirements, KASB Capital Ltd merged with KASB Bank 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