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April 07 , 2009

Statistics
KSE 100 Index
Previous Index
7,432.88
Current Index
7,518.93
Change %
1.16%
YTD (CY09)
28.20%
YTD (FY09)
(38.80)%

International Indicates
 
Close
Percentage
BSE-30
10,534.87
2.96%
HANGSENG
14,998.04.
3.11%
NIKKEI 255
8,857.93
1.24%
FTSE
3,993.54
(0.90)%
DJI
7,975.85
(0.52)%
SSEC
2,413.88
(0.24)%
NASDAQ
1,606.71
(0.93)%

S.C.R.A
03-04-2009
0.68
April 09
(6.43)
YTD
(547.98)

Money Market Updates
Tbill Cut-off
 
1 year
11.85%
6 month
11.76%
KIBOR (3 months)
12.76%
KIBOR (6 months)
12.85%
PIB (10 years)
12.44%

Exchange Rates
Rs/US
80.45
Rs/UK
120.11
Rs/EURO
109.15
Rs/OMAN RIYAL
209.81

commodities
Oil
$51.08/barrel
Oil Change in %
0.06%
Gold
$878.50/ounce
Gold Change in %
0.65%

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 28, 08)
Rs.3,875bn

Daily Returns and NAVs
as of Apr 06, 2009
 
Offer
Redemption
POBOP
49.5770/-
49.0812/-
Daily Return
9.66%
POASF
61.34/-
59.81/-
Daily Return
(8.13)%
POAIF
56.06/-
54.66/-
Daily Return
22.30%
POAIIF
54.4833/-
53.9385/-
Daily Return
7.95%
POAF
10.7178/-
Daily Return
272.16%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Inflation will fall to single digit by next fiscal year
The Advisor to the Prime Minister on Finance Shaukat Tarin on Monday said that Pakistan will no more be a poor state in next few years. Addressing the BMA Fund Forum here, Tarin said the government has taken many initiatives for the revival of the countrys economy. "We are doing our best on the economic front and the situation has started improving," he added more... (BR)

No cut in defence spending in next budget: Tarin
The federal government has no plans to cut defence spending in the next budget due to mounting tension on the countrys eastern and western borders. However, four major sectors, including the stock exchanges and agriculture, may be brought in the tax net in the next two years more... (BR)

Government plans 4pc GDP growth rate by FY10Advisor for consolidation of tax base
The government plans to adopt a multi-pronged strategy to achieve GDP growth rate of 6-8 per cent in the next three years, where intentions are to expand it at least by 4 per cent in fiscal year 2009-10 and 5 per cent in the year after, Advisor to Prime Minister on Finance Shaukat Tareen said on Monday more... (FD)

Army prepared to meet emerging threats: Kayani
General Kayani highlighted the critical importance of national unity to overcome challenges facing the nation more... (D)

War on terror cannot be won through drone attacks: Zardari tells US officials
President Asif Ali Zardari on Monday asked the US to stop drone attacks and understand Pakistans problems it has been facing for being front line ally on war against terrorism. The President was talking to the visiting US special envoy to Pakistan and Afghanistan Richard Holbrooke and Chairman Joint Chiefs of Staff Admiral Mike Mullen who called on him after their arrival in Islamabad from Afghanistan more... (BR)

ISI has contacts with extremists: Gates
‘The ISI’s contacts with the Hekmatyar, Haqqani and the Nazir groups are a real concern for the US.’ more... (D)

sector Briefing

Decision on phasing out CFS Mk-II in a day or two: SECP
The Securities and Exchange Commission of Pakistan (SECP) is likely to announce its decision regarding phasing out existing CFS Mk-II and to introduce new products in one or two days. The SECP has almost reviewed the recommendations sent by the CFS Mk-II Review Committee and any decision in this regard is expected to be announced in one or two days, Acting Chairman SECP, Salman A Shaikh told Business Recorder on Monday more... (BR)

Import of gas from Iran may also be okayed
The Cabinet is likely to approve import of 500-750 mmcfd gas from Iran at the rate of 80 percent of crude oil price, in its meeting scheduled for Wednesday (April 8). Sources told Business Recorder that the Petroleum Ministry will move a summary to the Cabinet to approve 500-750 mmcfd gas from Iran at the rate of 80 percent of crude oil price more... (BR)

Seven firms show interest in Jamshoro Power Co
The Privatization Commission has received expressions of interest (EoIs) from local and foreign investors for 15 years lease of Jamshoro Power Company more... (D)

 
(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