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April 14 , 2009

Statistics
KSE 100 Index
Previous Index
7,617.96
Current Index
7,872.49
Change %
3.34%
YTD (CY09)
34.20%
YTD (FY09)
(35.90)%

International Indicates
 
Close
Percentage
BSE-30
10,967.22
1.51%
HANGSENG
14,901.41.
2.50%
NIKKEI 255
8,924.43
(0.40)%
FTSE
3,983.71
1.50%
DJI
8,057.81
(0.32)%
SSEC
2,513.70
2.84%
NASDAQ
1,653.31
0.05%

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)
13.50%
PIB (10 years)
12.74%

Exchange Rates
Rs/US
80.50
Rs/UK
118.04
Rs/EURO
106.03
Rs/OMAN RIYAL
208.71

commodities
Oil
$49.36/barrel
Oil Change in %
(1.38)%
Gold
$898.80/ounce
Gold Change in %
0.33%

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 13, 2009
 
Offer
Redemption
POBOP
49.7238/-
49.2266/-
Daily Return
17.12%
POASF
61.59/-
60.05/-
Daily Return
77.48%
POAIF
56.12/-
54.72/-
Daily Return
42.39%
POAIIF
54.5648/-
54.0192/-
Daily Return
8.19%
POAF
10.7707/-
Daily Return
14.33%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Pakistan seen getting close to $4 billion aid target
Japan on Monday expressed hope that Pakistan would get aid pledges close to $4 billion for socio-economic needs from this weeks donors conference in Tokyo, said Motohide, Japans Special Representative for Assistance to Pakistan and Afghanistan, here on Monday more... (BR)

War on terror: economy suffered $35 billion loss so far, says Tarin
Advisor to Prime Minister on Finance Shaukat Tarin on Monday said Pakistan would get $4 billion from donors in the upcoming Tokyo meeting in April for poverty reduction and bringing about improvement in health and education sectors more... (BR)

Nepra cuts four paisa in KESC power tariff
The National Electric Power Regulatory Authority (Nepra) has reduced KESCs electricity tariff by four (4) paisa per unit across the board, except lifeline and agriculture consumers. However, the tariff for the consumers of Pepcos distribution companies (Discos) has been raised to Rs 1.21 per unit for the month of February, 2009, applying monthly adjustment formula more... (BR)

Zardari invites Aitzaz for talks
President Asif Ali Zardari on Monday invited former Supreme Court Bar Association (SCBA) President and PPP leader Aitzaz Ahsan for talks, Aaj TV reported on Monday. Quoting sources, the channel claimed that purpose of the meeting is to remove differences between the ruling PPP, Pakistan Muslim League (Nawaz) and Chief Justice of Pakistan Iftikhar Muhammad Chaudhry more... (BR)

We do not want to join the government: PML-N
It is in the interest of democracy and the two-party system that we sit on the opposition benches at the centre, PML-N spokesman Siddiqul Farooq said on Monday more... (D)

Pakistan may not accept deportation of students
Pakistan is not likely to agree to the deportation of the 12 arrested men if they are not charged with any crime more... (D)

sector Briefing

MCB and HBL to acquire shareholding of RBS Pakistan
MCB Bank Limited and Habib Bank Limited (HBL) have expressed interest to acquire the shareholding of Royal Bank of Scotland (RBS) in RBS Pakistan. The MCB Bank has also applied to State Bank of Pakistan (SBP) for obtaining approval to commence the due diligence of RBS Pakistan, an information sent to Karachi Stock Exchange said more... (BR)

Car sales almost halve on slowdownBut 1300cc-plus sales stable
Auto sales have almost halved during the first three quarters of the current fiscal year because of declining purchasing power amid squeezing credit supply in the country. Data released by Pakistan Automotive Manufacturers Association (PAMA) shows that auto sales dropped to 73,000 units between July-March period as against 135,000 units in corresponding period last year more... (FD)

Refineries accused of exploiting government: ECC body to examine deemed duty issue
The Economic Co-ordination Committee (ECC) of the Cabinet on Monday accused oil refineries of exploiting the government, and constituted a committee, under Dr Asim Hussain, Advisor to Prime Minister on Petroleum, to thoroughly examine the impact of proposed increase in deemed duty from 7.5 percent to 10 percent, official sources told Business Recorder more...

 
(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