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May 06, 2009

Statistics
KSE 100 Index
Previous Index
7,062.25
Current Index
7,081.83
Change %
0.28%
YTD (CY09)
20.70%
YTD (FY09)
(42.40)%

International Indicates
 
Close
Percentage
BSE-30
12,131.08
(0.03)%
HANGSENG
16,430.08.
0.30%
NIKKEI 255
8,977.37
1.70%
FTSE
4,336.94
2.20%
DJI
8,410.65
(0.19)%
SSEC
2,592.85
1.29%
NASDAQ
1,754.12
(0.54)%

S.C.R.A
04-05-2009
0.02
April 09
(34.93)
YTD
(576.46)

Money Market Updates
Tbill Cut-off
 
1 year
13.14%
6 month
12.76%
KIBOR (3 months)
13.24%
KIBOR (6 months)
13.35%
PIB (10 years)
12.42%

Exchange Rates
Rs/US
80.45
Rs/UK
120.62
Rs/EURO
107.61
Rs/OMAN RIYAL
209.19

commodities
Oil
$53.85/barrel
Oil Change in %
0.02%
Gold
$901.20/ounce
Gold Change in %
(0.34)%

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)
11.15
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-Mar 09)
$(7.65)bn
Remittances (Jul-Mar 09)
$5.66bn
Foreign Investment (Jul-Mar 09)
$2.08bn
All Scheduled Banks Deposit Base (Apr 25, 08)
Rs.3,874bn

Daily Returns and NAVs
as of May 05, 2009
 
Offer
Redemption
POBOP
50.2030/-
49.7010/-
Daily Return
25.30%
POASF
60.99/-
59.47/-
Daily Return
30.71%
POAIF
55.76/-
54.37/-
Daily Return
33.60%
POAIIF
54.9169/-
54.3677/-
Daily Return
15.38%
POAF
10.7684/-
Daily Return
(10.91)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Rs 898.64 billion taxes collected in July-April
The Federal Board of Revenue (FBR) has collected Rs 898.64 billion as taxes during 10 months of the current fiscal, against Rs 763.592 billion in the same period of last year, reflecting an increase of 17.7 percent. According to provisional figures released here on Tuesday, the FBR collected Rs 83.53 billion during April 2009 against Rs 83.66 billion in the same month of last year, showing a decrease of 0.2 percent more... (BR)

Health, microfinance sectors: IDB to provide $100 million
The Islamic Development Bank (IDB) has agreed to provide $100 million to achieve the targets of Poverty Reduction Strategy Paper (SRSP-II) set for health and microfinance sectors. Sources said that recently agreed assistance is in addition to the earlier proposed three-year rolling financing plan worth $577 million for the year 2010-12 more... (BR)

'Efforts underway to attract foreign investment'
Federal Minister for States and Frontier Region (Safron) Najmuddin Khan has said that present government is trying to bring more foreign investment in the country and planning to offer legislative cover to protect investor. While talking to the Deputy High Commissioner of South Africa Qasim Pir in his office here on Tuesday, the minister said that government is committed to enhancing co-operation and harmony between local and foreign investors more... (BR)

Holbrooke vows US support for Zardari
The United States vowed unambiguous backing Tuesday for President Asif Ali Zardari despite mounting disquiet in Congress ahead of White House talks also involving Afghanistan. Wednesday's summit gathering of US President Barack Obama, Zardari and Afghan President Hamid Karzai was "historically important," US special envoy Richard Holbrooke told restive lawmakers more... (BR)

President Zardari wants peace with India
‘I'm waiting for the Indian elections to be over so all this rhetoric is over and I can start a fresh dialogue.' more... (D)

No blank checks for Pakistan: White House
‘The president has said on numerous occasions there shouldn't be and there won't be blank checks.’ more... (D)

sector Briefing

Nine percent decline in cement exports in one month
Pakistan's cement industry, which pocketed windfall profits in previous years, is claiming that its exports declined by 9 percent in April as compared to March 2009. The All Pakistan Cement Manufacturers Association (APCMA) is already in hot pursuit of fiscal incentives in the 2009-10 federal budget with the argument that it would collapse if the government did not extend a rescue package to it more... (BR)

SECP revives consultative group on capital markets
The Securities and Exchange Commission of Pakistan (SECP) has revived the Consultative Group on Capital Markets to suggest measures for growth and development of capital markets. The group, under the chairmanship of Aftab Ahmed Diwan, Chief Operating Officer, Central Depository Company of Pakistan Limited, has representatives from Karachi Stock Exchange (KSE), National Clearing Company of Pakistan Limited (NCCPL), banks, mutual funds, SECP and other capital market experts more... (BR)

KESC suffers Rs10.6 billion losses
The KESC reported a pre-tax loss of Rs10.604 billion during the last three months ending on March 31 as compared to Rs9.905bn in the corresponding period last year, according to KESC’s 3rd quarterly accounts more... (D)

 
(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