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April 02 , 2009

Statistics
KSE 100 Index
Previous Index
6,860.22
Current Index
6,931.90
Change %
1.04%
YTD (CY09)
1.00%
YTD (FY09)
(43.60)%

International Indicates
 
Close
Percentage
BSE-30
9,901.99
1.99%
HANGSENG
13,519.54.
(0.40)%
NIKKEI 255
8,351.91
2.99%
FTSE
3,955.61
4.30%
DJI
7,761.60
2.01%
SSEC
2,408.02
1.47%
NASDAQ
1,551.60
1.51%

S.C.R.A
31-03-2009
1.04
March 09
(34.84)
YTD
(541.55)

Money Market Updates
Tbill Cut-off
 
1 year
11.85%
6 month
11.76%
KIBOR (3 months)
12.77%
KIBOR (6 months)
12.87%
PIB (10 years)
12.41%

Exchange Rates
Rs/US
80.40
Rs/UK
114.97
Rs/EURO
106.19
Rs/OMAN RIYAL
210.43

commodities
Oil
$48.95/barrel
Oil Change in %
1.16%
Gold
$930.60/ounce
Gold Change in %
0.31%

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 Apr 01, 2009
 
Offer
Redemption
POBOP
49.5112/-
49.0161/-
Daily Return
48.42%
POASF
59.82/-
58.32/-
Daily Return
239.39%
POAIF
55.17/-
53.79/-
Daily Return
143.06%
POAIIF
54.5976/-
54.0516/-
Daily Return
8.44%
POAF
10.7030/-
Daily Return
(13.05)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Jul-Dec EDL surge to $50.9 billion: review of Economic Situation released
Pakistans external debt and liabilities (EDL) surged to $50.9 billion in the first six months of current fiscal year (July-December) from $46.3 billion in end-June 2008, reveals Review of Economic Situation, released here on Wednesday by the Finance Ministry more... (BR)

July-March tax collection stands at Rs 810.326 billion
The Federal Board of Revenue has collected Rs 810.326 billion during the first nine months of current fiscal year ie 2008-09 against Rs 679.9 billion during the corresponding period last fiscal year, reflecting an increase of Rs 130.246 billion more... (BR)

Three primary IMF targets achieved
Pakistan has successfully achieved three primary IMF targets, including limit of budgetary borrowing from the State Bank, net foreign assets (NFA), and net domestic assets (NDA), set for the quarter ending on March 31, sources said on Wednesday more... (BR)

Zardari, Karzai and Gul vow to fight terrorism
Pakistan, Afghanistan and Turkey on Wednesday vowed to increase co-ordination among their political, military and intelligence tiers to jointly fight militancy and terrorism and achieve greater economic co-operation to bring peace and stability to the region more... (BR)

Religious extremists threaten Pakistan's existence:
Petraeus ‘The Pakistani military has stepped up operations against the militants but more action is needed,’ Petraeus said more... (D)

Pakistan epicenter of terror: Manmohan Singh
Pakistan is the hub of global terrorism but it is not clear if it is so as a part of a deliberate policy or because the situation has spun out of its control, Indian Prime Minister Manmohan Singh was quoted on Wednesday as telling London's Financial Time more... (D)

sector Briefing

PSO increases furnace oil supply to power sector
Despite financial constraints, Pakistan State Oil (PSO) supplied 76, 0350 metric tons furnace oil to the power sector to overcome energy crisis during March. This was the largest quantity of furnace oil supplied to the power sector by PSO against its previous record of 667000 MTs more... (BR)

HBL allowed RMB trade/remittance for settlements with China
The Central bank of China has allowed Habib Bank Ltd (HBL) for trade/remittance settlements in Chinese currency Renmibi (RMB), a banking source said here on Wednesday. "Peoples Bank of China has granted permission to HBL Pakistan to open its RMB account and facilitate trade/remittance settlements between China and Pakistan," the source told newsmen more... (BR)

Import of 500 million cubic feet Iranian gas: MoP to get Cabinets approval
The Ministry of Petroleum (MoP) will move a summary to the Federal Cabinet, seeking approval for importing 500 million cubic feet gas per day (mcfd) from Iran at the rate of 80 percent of crude oil price under Iran-Pakistan-India (IPI) gas pipeline 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