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April 13 , 2009

Statistics
KSE 100 Index
Previous Index
7,295.98
Current Index
7,617.96
Change %
4.41%
YTD (CY09)
29.90%
YTD (FY09)
(38.00)%

International Indicates
 
Close
Percentage
BSE-30
10,803.86
0.57%
HANGSENG
14,901.41.
2.50%
NIKKEI 255
8,964.11
0.50%
FTSE
3,983.71
1.50%
DJI
8,083.38
3.14%
SSEC
2,444.23
2.70%
NASDAQ
1,652.54
3.89%

S.C.R.A
09-04-2009
1.78
April 09
(4.74)
YTD
(546.29)

Money Market Updates
Tbill Cut-off
 
1 year
12.97%
6 month
12.76%
KIBOR (3 months)
13.35%
KIBOR (6 months)
13.51%
PIB (10 years)
12.74%

Exchange Rates
Rs/US
80.50
Rs/UK
117.90
Rs/EURO
105.75
Rs/OMAN RIYAL
210.40

commodities
Oil
$51.74/barrel
Oil Change in %
(0.96)%
Gold
$889.90/ounce
Gold Change in %
1.01%

Inflation
CPI Gen. Mar 09(YOY)
19.10%
CPI Gen. (Jul-Mar 09)
23.00%
NFNE Core INFL Mar 09 (YOY)
18.50%
NFNE Core INFL (Jul-Mar 09)
17.90%

Economic Indicators
US$ Reserves (Billion)
11.17
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-Mar 09)
$(12.71)bn
Curr. A/C (Jul-Feb 09)
$(7.46)bn
Remittances (Jul-Mar 09)
$5.66bn
Foreign Investment (Jul-Feb 09)
$1.89bn
All Scheduled Banks Deposit Base (Apr 04, 08)
Rs.3,865bn

Daily Returns and NAVs
as of Apr 11, 2009
 
Offer
Redemption
POBOP
49.6808/-
49.1840/-
Daily Return
12.86%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
54.5413/-
53.9959/-
Daily Return
8.16%
POAF
10.7628/-
Daily Return
22.41%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Record $739.43 million remittances received in March
Pakistans overseas workers sent the highest-ever single-month amount of $739.43 million as remittances in March 2009, surpassing the previous $673.50 million received in December 2008. This amount shows an increase of $137.22 million, or 22.79 percent, from $602.21 million received in March, 2008 more... (BR)

Japan to give Pakistan $1 billion in aid
Japans government is finalising plans to provide Pakistan with up to $1 billion in economic aid over the next two years, the Nikkei business daily reported on Saturday. The assistance would consist of yen loans and grant aid, and is aimed at helping poverty-stricken areas that could become breeding grounds for extremists, as well as finance infrastructure, education and job training, the Nikkei said more... (BR)

Government expecting $5.627 billion inflow through 13 projects
The government is expecting $5.627 billion inflow through 13 projects, which are in the pipeline. According to Board of Investment, the projects in the pipeline are of trade, construction, steel, infrastructure, automobile, telecom, power and banking sectors more... (BR)

Kayani meets King Abdullah
Chief of Army Staff General Ashfaq Parvez Kayani who is on an official visit to Saudi Arabia on Sunday called on King Abdullah Bin Abdul Aziz, said an ISPR news release issued here. During the meeting matters of mutual interest were discussed more... (BR)

NATO backs Pak-Afghan strategy, says Obama
US President Barack Obama said on Saturday that America’s NATO allies were united behind his new strategy for Pakistan and Afghanistan more... (D)

PML-N formally invited to join Cabinet
Prime Minister Yousuf Raza Gilani on Sunday formally invited PML-N to rejoin the Federal Cabinet. The Prime Minister extended this invitation to President of PML-N and Punjab Chief Minister Muhammad Shahbaz Sharif at Prime Ministers House more... (BR)

sector Briefing

PPL may be allowed to go for Yemen Block 27
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to allow Pakistan Petroleum Limited (PPL) to get oil and gas exploration rights of Block 27 in Yemen. Sources said that the Petroleum Ministry has moved a summary for ECC meeting scheduled for Monday to allow PPL to move in Yemen for oil and gas exploration activities more... (BR)

ECC may approve new policy for oil refineries
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to approve, on Monday, a three-year oil refinery policy containing incentives for oil refineries and penalties if the refineries failed to complete the projects for upgradation of the petroleum products by 2012 more... (BR)

Crude prices could hit $60 in third quarter
Irans oil minister said on Sunday he believed crude prices could rise to $60 a barrel in the third quarter of 2009, but that $75-80 was needed to secure future supply. Gholamhossein Nozari also called for co-operation between OPEC and producers outside the 12-member organisation to help stabilise the market, with oil prices still trading about 65 percent below their peak in mid-2008 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