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April 15 , 2009

Statistics
KSE 100 Index
Previous Index
7,872.49
Current Index
7,832.85
Change %
(0.50)%
YTD (CY09)
33.60%
YTD (FY09)
(36.30)%

International Indicates
 
Close
Percentage
BSE-30
10,967.22
1.51%
HANGSENG
15,580.16.
4.60%
NIKKEI 255
8,842.68
(0.90)%
FTSE
3,988.99
0.10%
DJI
7,920.18
(1.71)%
SSEC
2,527.18
0.54%
NASDAQ
1,625.72
(1.67)%

S.C.R.A
13-04-2009
(0.61)
April 09
(4.57)
YTD
(546.11)

Money Market Updates
Tbill Cut-off
 
1 year
12.97%
6 month
12.76%
KIBOR (3 months)
13.32%
KIBOR (6 months)
13.47%
PIB (10 years)
12.74%

Exchange Rates
Rs/US
80.60
Rs/UK
119.70
Rs/EURO
107.43
Rs/OMAN RIYAL
210.05

commodities
Oil
$49.24/barrel
Oil Change in %
(0.34)%
Gold
$893.10/ounce
Gold Change in %
0.12%

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 14, 2009
 
Offer
Redemption
POBOP
49.7427/-
49.2453/-
Daily Return
14.87%
POASF
61.55/-
60.01/-
Daily Return
(24.31)%
POAIF
56.19/-
54.79/-
Daily Return
46.69%
POAIIF
54.5702/-
54.0245/-
Daily Return
3.65%
POAF
10.7747/-
Daily Return
14.24%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

During 2008-2011: external debt to reach 32.5 percent of GDP: IMF
The International Monetary Fund (IMF) has projected the external debt stock of Pakistan to rise, temporarily, to around 32.5 percent of gross domestic product (GDP) during 2008-2011 due to significant increase in external financing from official creditors, including the Fund itself, to help Pakistan with recent balance of payments pressure more... (BR)

Cut in NSS profit rates not applicable to old investments: CDNS
The cut in the profits rates on various national savings schemes by 1.33 percent with effect from April 1, 2009 will not be applicable to the old investments and the current account-holders will continue to get their monthly profits as per previous rates, a regional officer of the Central Directorate of National Savings (CDNS) told Business Recorder here on Tuesday more... (BR)

Economists expect surprise cut in interest rate: Monetary Policy on April 20
Economists expect the State Bank of Pakistan (SBP) would announce interest rate cut by some 100-200 basis points in the next monetary policy to relieve the under-stress economy. SBP said on Tuesday said that it would announce monetary policy statement for the last quarter of the fiscal year 2008-09 on Monday, April 20 more... (BR)

ISI chief in US for talks on intelligence cooperation
The visit comes amidst increasing concerns regarding the ISI’s alleged liaison with militant groups more... (D)

US to make Pakistan pledge but backs strings
The United States said Tuesday it planned an aid pledge to Pakistan at this weeks conference in Tokyo but rejected Islamabads pleas that its assistance come without conditions. "Well be making a pledge," State Department spokesman Robert Wood told reporters. He declined to give details ahead of Fridays conference in the Japanese capital more... (BR)

sector Briefing

Jahangir Siddiqui eyes RBS Pakistan unit
Jahangir Siddiqui & Company Limited (JSCL) has also expressed its interest in acquisition of the entire shareholding of The Royal Bank of Scotland Group plc (RBS) in the RBS Pakistan. The JSCL, after Habib Bank Limited and MCB Bank is the third group, which expressed its interest in acquisition of the shareholding of RBS Pakistan more... (BR)

KSE to end odd-lot trading system: short selling rules to be changed
The board of directors of Karachi Stock Exchange (KSE) in its meeting on Tuesday decided to end odd-lot trading system, and to amend the regulations of short selling. The KSE board also decided to change Fridays trading timings, according to which the first session will be from 9:30 am to 1:00 pm, and the second session will be from 3:00 pm to 4:30 pm more... (BR)

PAFL earns highest profit in fertiliser sector
Pak-Arab Fertiliser Limited (PAFL) earned after tax profit amounting to Rs 7,160.29 million for the year ended on December 31, 2008, which surpassed earnings of all other companies operating in the sector. The comparable profit of other companies, which stood short of Pak Arab Fertiliser, included Rs 6,525.08 million by Fauji Fertiliser 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