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April 08 , 2009

Statistics
KSE 100 Index
Previous Index
7,518.93
Current Index
7,635.88
Change %
1.56%
YTD (CY09)
30.20%
YTD (FY09)
(37.90)%

International Indicates
 
Close
Percentage
BSE-30
10,534.87
1.80%
HANGSENG
14,928.97.
(0.50)%
NIKKEI 255
8,832.85
(0.30)%
FTSE
3,930.52
(1.58)%
DJI
7,789.56
(2.34)%
SSEC
2,439.18
1.05%
NASDAQ
1,561.61
(2.81)%

S.C.R.A
04-04-2009
3.38
April 09
(3.05)
YTD
(544.60)

Money Market Updates
Tbill Cut-off
 
1 year
11.85%
6 month
11.76%
KIBOR (3 months)
12.81%
KIBOR (6 months)
12.89%
PIB (10 years)
12.44%

Exchange Rates
Rs/US
80.45
Rs/UK
118.14
Rs/EURO
107.55
Rs/OMAN RIYAL
209.48

commodities
Oil
$48.20/barrel
Oil Change in %
(1.93)%
Gold
$888.20/ounce
Gold Change in %
0.55%

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 07, 2009
 
Offer
Redemption
POBOP
49.6145/-
49.1184/-
Daily Return
31.86%
POASF
61.48/-
59.94/-
Daily Return
79.33%
POAIF
56.12/-
54.72/-
Daily Return
40.07%
POAIIF
54.4949/-
53.9500/-
Daily Return
8.09%
POAF
10.7176/-
Daily Return
(0.71)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

FBR exploring new carbon tax levy
The government has committed to the International Monitory Fund (IMF) to explore the possibility of levying carbon tax to enhance revenue collection. Sources told to Business Recorder on Tuesday that the government is exploring the possibility of levying some kind of excise duty, or carbon tax, on fuel consumption, responsible for pollution problems in Pakistan more... (BR)

Husain Haqqani requests US for $30bn plan for Pak-Afghan
It should be used to fight al Qaeda, blunt anti-US sentiment and secure Pakistan against extremists, Haqqani said more... (D)

Plan underway to eliminate Rs 70 billion inter-corporate debt
The governments commitment to prepare a plan for eliminating the intercorporate circular debt, estimated at 70 billion rupees to-date, and to develop a strategy and a time-bound action plan for the adoption of specific measures to strengthen the social safety net are under way, according to the supplementary Letter of Intent (LOI) submitted by the government to the International Monetary Fund (IMF) on March 16, 2009 more... (BR)

Terrorists planning more attacks from Pakistan, says United States
Islamabad understands the terrorism threat
The US said on late Monday that it has no illusions about terrorists in Pakistan trying to hit the US and its allies, but added that Islamabad understands the threat the militants pose to their own government more... (FD)

‘No' to joint operation in tribal areas
Differences between the two countries over various aspects of the terror war comes out into the open for the first time more... (D)

DG ISI declines to meet Holbrooke, Mullen?
Director General Inter Services Intelligence (ISI) Lieutenant General Ahmad Shuja Pasha reportedly declined to meet with US special envoy for Pakistan and Afghanistan Richard Holbrooke and Chairman of the Joint Chiefs of Staff Admiral Michael Mullen here on Tuesday, Aaj TV reported more... (BR)

sector Briefing

PPL may sign MoU with Turkmenistan
Pakistan Petroleum Limited (PPL) is expecting to sign a Memorandum of Understanding (MoU) with government of Turkmenistan regarding oil and gas exploration during the forthcoming visit of Dr Asim Hussain, Advisor to Prime Minister on Petroleum and Natural Resources of Turkmenistan in the last week of April, says a press release issued here on Tuesday more... (BR)

SECP discontinues CFS Mk-II, deliverable futures products
The Securities and Exchange Commission of Pakistan (SECP) has decided to discontinue CFS Mk-II and Deliverable Futures products in the best interests of the capital markets in Pakistan. The decision was taken in the light of recommendations of CFS Mk-II Review Committee, constituted by the SECP. According to SECP decision, the effective date for discontinuation is Wednesday, April 8, 2009 more... (BR)

Government committed to IMF to four percent power tariff raise
The government has committed to the International Monetary Fund (IMF) to cumulatively raise power tariff by 4 percent by the end of June 2009 to eliminate subsidy in the sector. In collaboration with the World Bank, the government has finalised a schedule for electricity tariff adjustments to eliminate tariff differential subsidies by end-June 2009 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