BasedLine
LOGO
April 16 , 2009

Statistics
KSE 100 Index
Previous Index
7,832.85
Current Index
7,807.08
Change %
(0.33)%
YTD (CY09)
33.10%
YTD (FY09)
(36.50)%

International Indicates
 
Close
Percentage
BSE-30
11,284.73
2.90%
HANGSENG
15,669.62.
0.57%
NIKKEI 255
8,742.96
(1.13)%
FTSE
3,968.40
(0.50)%
DJI
8,029.62
1.38%
SSEC
2,536.06
0.35%
NASDAQ
1,626.80
0.07%

S.C.R.A
14-04-2009
(1.14)
April 09
(5.71)
YTD
(547.26)

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)
12.99%

Exchange Rates
Rs/US
80.60
Rs/UK
119.90
Rs/EURO
106.76
Rs/OMAN RIYAL
210.03

commodities
Oil
$49.80/barrel
Oil Change in %
1.12%
Gold
$889.70/ounce
Gold Change in %
(0.43)%

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 11, 08)
Rs.3,857bn

Daily Returns and NAVs
as of Apr 15, 2009
 
Offer
Redemption
POBOP
49.7571/-
49.2595/-
Daily Return
11.10%
POASF
61.39/-
59.86/-
Daily Return
(91.23)%
POAIF
56.13/-
54.73/-
Daily Return
(39.97)%
POAIIF
54.5822/-
54.0364/-
Daily Return
8.37%
POAF
10.7786/-
Daily Return
14.20%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

10-year PIB cut-off yield at 13.2409 percent
As per expectations, overlying participation and up to 2 percent reduction in the yield was witnessed at Pakistan Investment Bonds (PIBs) auction amid reports of expected cut in interest rate. The State Bank of Pakistan (SBP) on Wednesday received Rs 49.325 billion worth bids against the target of Rs 20 billion for the auction of 3-, 5-, 7-, 10-, 15-, 20- and 30-Year long-term investment bonds more... (BR)

Allies and donors seek assurances: Pakistan eyes $4 billion in aid
Pakistans allies and aid donors are expected to promise about $4 billion this week but will also try to spur Pakistan to more urgent action against an increasingly formidable insurgency. Cash-strapped Pakistan will outline its medium-term strategies to fight the insurgency and revive its economy at a Friends of Pakistan group meeting in Tokyo on Friday morning more... (BR)

36 percent decline in foreign investment
Foreign investment during nine months of current fiscal year (July-March period) declined by 36 percent mainly due to global economic slowdown, the countrys poor economic indicators, and unstable law and order situation. Massive outflow from portfolio investment, in the wake of uncertainty on political front also played a major role in the massive decline in overall foreign investment more... (BR)

Taliban say wont give up guns in Swat
Pakistani Taliban will not lay down their arms in Swat valley as part of a deal that included the introduction of sharia law but will take their "struggle" to new areas, a militant spokesman said on Wednesday. President Asif Ali Zardari, under pressure from conservatives, signed a regulation on Monday imposing Sharia law in the Swat valley to end Taliban violence more... (BR)

Let India, FBI probe case if Pakistan can't: Chidambaram
The Indian Home minister further ruled out setting up a commission of inquiry into the Mumbai terror attacks more... (D)

UK refuses to grant consular access to students
London has turned down Islamabad’s request for consular access to students held for plotting a ‘major terror attack’ more... (D)

sector Briefing

Banks paid-up capital requirements slashed
The State Bank of Pakistan on Wednesday announced over 50 percent reduction in minimum capital requirement (MCR) to facilitate the banking sector. This decision has been taken in view of the general global slowdown in growth and capital accumulation by financial institutions and representations from shareholders, the SBP said more... (BR)

KESC intends to invite $361m private equity
The Abraaj-led management makes yet another promise to fulfill contractual agreements of making investments more... (D)

KESC allowed to claim disco rate/threshold tariff difference
The Federal Cabinet has allowed Karachi Electric Supply Company (KESC) to claim the difference between average disco rate and its threshold tariff ie Rs 3.69/kwh through forthcoming quarterly tariff adjustment from National Electric Power Regulatory Authority (Nepra). The Ministry of Water and Power will advise Nepra to act accordingly 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