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April 09 , 2009

Statistics
KSE 100 Index
Previous Index
7,635.88
Current Index
7,340.30
Change %
(3.87)%
YTD (CY09)
25.20%
YTD (FY09)
(40.30)%

International Indicates
 
Close
Percentage
BSE-30
10,742.34
1.97%
HANGSENG
14,474.86.
(3.00)%
NIKKEI 255
8,595.01
(2.70)%
FTSE
3,925.52
(0.10)%
DJI
7,837.11
0.61%
SSEC
2,347.39
(3.76)%
NASDAQ
1,590.66
1.86%

S.C.R.A
06-04-2009
3.38
April 09
(3.05)
YTD
(544.60)

Money Market Updates
Tbill Cut-off
 
1 year
12.97%
6 month
12.76%
KIBOR (3 months)
12.86%
KIBOR (6 months)
12.93%
PIB (10 years)
12.74%

Exchange Rates
Rs/US
80.45
Rs/UK
118.22
Rs/EURO
106.20
Rs/OMAN RIYAL
210.78

commodities
Oil
$50.28/barrel
Oil Change in %
1.82%
Gold
$885.30/ounce
Gold Change in %
(0.07)%

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 08, 2009
 
Offer
Redemption
POBOP
49.6237/-
49.1275/-
Daily Return
7.00%
POASF
61.07/-
59.54/-
Daily Return
(243.58)%
POAIF
55.83/-
54.43/-
Daily Return
(193.44)%
POAIIF
54.5066/-
53.9615/-
Daily Return
8.09%
POAF
10.7215/-
Daily Return
14.32%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Yield on various tenors treasury bills up by 88 to 110 basis points
The yield on various tenor of Treasury bills moved upward by 88 to 110 basis points, in the auction, held on Wednesday. The rise in yields is not related to SBPs policy rate and is a reflection of demand and supply with government as a price taker, according to official sources more... (BR)

$500 million to combat poverty: friends to be asked for $10 billion
Pakistan will request $500 million program loan from the Friends of Pakistan (FOP) to reduce poverty which has surged to over 40 percent, according to Planning Commission Deputy Chairman Aseff Ahmed Ali. Sources told Business Recorder here on Wednesday that the government would seek total $10 billion from the FOP and donors meeting scheduled for April 17 in Tokyo for the current fiscal year more... (BR)

Defence budget down 7pc in 5yearsMonitoring Desk
Defence budget of Pakistan has decreased to 15 per cent from 22 per cent of the country's total budget during the last five years - showing a decline of 7 per cent more... (FD)

US criticised for ignoring Pakistan's concerns
‘The Americans don’t address the fears that force Pakistan to keep an option other than the one offered by the US.’ more... (D)

Obama's new strategy sours US-Pakistan ties
Differences between US and Pakistan revolve around two major issues: India’s role in Afghanistan and the drone attacks more... (D)

Generous support from Friends expected: President briefs US Congressional team
President Asif Ali Zardari has said that Pakistan is expecting generous political and strategic support from international community during the upcoming meeting of Friends of democratic Pakistan, to be held in Tokyo on April 17. Talking to US Congressional delegation, led by Senator John Kyl, on Wednesday, he said that Pakistan appreciates the focus of international community on helping Pakistan fight the militancy and extremism more... (BR)

sector Briefing

ARL to build clean autofuel secondary units
Attock Refinery Ltd (ARL) will start erecting a new 12,400 barrels per day (bpd) diesel hydrotreater and an isomerization unit at its refinery before end-June to produce cleaner autofuels, an industry source said on Wednesday more... (BR)

With India withdrawn, Pakistan to go ahead with gas project
The Cabinet on Wednesday decided to go ahead with Iran-Pakistan gas pipeline, bilaterally, and accorded approval for signing of agreement for purchasing 500 to 750 million cubic feet gas from Iran for meeting domestic requirements. The Minister for Information, Qamar Zaman Kaira, giving details of the hours-long meeting, said that the Cabinet meeting, with a heavy agenda of over 32 items, was presided over by Prime Minister Yousaf Raza Gilani, and took important decisions more... (BR)

SECP to ban licences for new financial institutions
The Securities and Exchange Commission of Pakistan (SECP) is to impose a ban on issuance of fresh licences to national banking finance corporations (NBFCs) for at least two years, excepting foreign investment, real estate investment trusts (REITs), private equity and venture capital fund (PE and VCF) and pension funds, sources in SECP told Business Recorder here on Tuesday 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