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April 03 , 2009

Statistics
KSE 100 Index
Previous Index
6,931.90
Current Index
7,191.09
Change %
3.74%
YTD (CY09)
22.60%
YTD (FY09)
(41.50)%

International Indicates
 
Close
Percentage
BSE-30
10,348.83
4.51%
HANGSENG
14,521.97.
7.40%
NIKKEI 255
8,719.78
4.40%
FTSE
4,124.97
4.30%
DJI
7,978.08
2.79%
SSEC
2,425.29
0.72%
NASDAQ
1,602.63
3.29%

S.C.R.A
01-04-2009
(2.65)
March 09
(34.84)
YTD
(544.19)

Money Market Updates
Tbill Cut-off
 
1 year
11.85%
6 month
11.76%
KIBOR (3 months)
12.76%
KIBOR (6 months)
12.88%
PIB (10 years)
12.44%

Exchange Rates
Rs/US
80.45
Rs/UK
116.59
Rs/EURO
106.82
Rs/OMAN RIYAL
210.31

commodities
Oil
$51.94/barrel
Oil Change in %
(1.33)%
Gold
$906.60/ounce
Gold Change in %
(0.25)%

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)
10.09
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 02, 2009
 
Offer
Redemption
POBOP
49.5384/-
49.0430/-
Daily Return
22.17%
POASF
60.67/-
59.15/-
Daily Return
519.46%
POAIF
55.60/-
54.21/-
Daily Return
285.00%
POAIIF
54.6091/-
54.0630/-
Daily Return
8.00%
POAF
10.7071/-
Daily Return
14.93%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

G20 strikes trillion-dollar deal to fight crisis
World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. US President Barack Obama declared it a "turning point" for the world economy, even though he had won no promises for more government spending to combat a deepening world recession more... (BR)

Second tranche of $848 million from IMF received
The country has received a second tranche worth $848 million of IMF standby loan to meet its current account payments and avoid default. With current inflows, the countrys overall foreign reserves have reached around 11.4 billion dollar mark, sources said more... (BR)

Pakistan may need $40-$50 billion to avoid economic collapse: report
US policy on Afghanistan must focus on Pakistan, strengthening civilian government and ending the use of militant groups as an instrument of foreign policy, according to a report by a think tank with close ties to the Obama administration more... (BR)

Obama 'concerned' about militants on Pakistani border
‘We are very concerned about extremists and terrorists who have made camp in the border regions of Pakistan.’ more... (D)

Mullen comfortable with Pakistan nukes
The US Admiral says he is ‘reasonably comfortable’ with Pakistan's nuclear arsenal amidst rising insurgency more... (D)

Prime Minister rejects foreign medias criticism of ISI
Prime Minister Syed Yousuf Raza Gilani on Thursday rejected the criticism of foreign media against the army and ISI, saying the countrys armed forces are highly professional and its premier intelligence agency drew praise for its work in the past more... (BR)

sector Briefing

Wellhead price of Sui gas fields to be raised
Federal government accepts the province’s demand to increase the price from Rs25 to Rs167 per MCF more... (D)

Oil field lease period extended to 30 years: new petroleum policy announced
The government will give 10 percent deemed duty to the oil refineries, placing upper cap at 80 dollars and lower cap of 50 dollars per barrel of crude oil in revised formula to upgrade the petroleum products meeting international standards. Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain confirmed during a press conference here on Thursday more... (BR)

KSE to seek relief in taxation on share trading
Karachi Stock Exchange (KSE) will seek relief in taxation on share trading in the proposals for the federal budget 2009-10, sources said. The budget proposals have been completed and will be approved by the KSE board of directors in its meeting scheduled on April 14, 2009, before sending to the ministry of finance, they added 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