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May 07, 2009

Statistics
KSE 100 Index
Previous Index
7,081.83
Current Index
7,198.87
Change %
1.65%
YTD (CY09)
22.70%
YTD (FY09)
(41.40)%

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
2,570.13
(0.88)%
NASDAQ
1,754.12
(0.54)%

S.C.R.A
05-05-2009
0.36
May-09
0.38
YTD
(576.10)

Money Market Updates
Tbill Cut-off
 
1 year
13.30%
6 month
13.19%
KIBOR (3 months)
13.24%
KIBOR (6 months)
13.35%
PIB (10 years)
12.42%

Exchange Rates
Rs/US
80.40
Rs/UK
120.71
Rs/EURO
106.72
Rs/OMAN RIYAL
209.47

commodities
Oil
$56.57/barrel
Oil Change in %
0.41%
Gold
$911.30/ounce
Gold Change in %
0.03%

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 06, 2009
 
Offer
Redemption
POBOP
50.2227/-
49.7205/-
Daily Return
15.39%
POASF
61.24/-
59.71/-
Daily Return
147.30%
POAIF
55.88/-
54.48/-
Daily Return
73.85%
POAIIF
54.9288/-
54.3795/-
Daily Return
8.24%
POAF
10.7684/-
Daily Return
14.44%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

SBP accepts bids worth Rs71,772.238mn
State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs71,772.238 million, with face value of Rs80,652 million, for sale of 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills. According to SBP release here, the bids offered for these bills figured Rs124,225.275 million and the face value amounted Rs139,772 million.- more... (FD)

Oil jumps to $56 on jobs, EIA data
Oil broke through $56 a barrel on Wednesday, bouncing up from early trade around $54 after separate US data releases showed private sector job losses had slowed in April and crude inventories rose only slightly more... (DT)

Plans afoot to lure $10bn FDIs: minister
National Investment Policy will be formed in consultation with all stakeholders including business community, and government has set a target of attracting $10 billion investment in the country by December 2009. This was stated by the Federal Minister for Investment, Senator Waqar Ahmed Khan while addressing the business community at Islamabad Chamber of Commerce and Industry here more... (FD)

US, Pakistan, Afghanistan face common foe: Obama
‘We meet today as three sovereign nations joined by a common goal —to defeat al Qaeda and its extremist allies more... (D)

Support to Pakistan won't waver: US
The United States has made a lasting commitment to defeat Al Qaeda and support the democratic governments of both Pakistan and Afghanistan, President Barack Obama said on Wednesday more... (DT)

Obama must press Zardari on nukes: Lugar
Republican senator wants Obama to convince Zardari to accept more assistance and embrace cooperation more... (D)

sector Briefing

NPLs bite big into bank profitsProfitability down 22pc in 1QCY09
Banking sector saw earnings decline by 22 per cent in the first quarter ending March 2009 as provisions against possible loan defaults nearly doubled while net earning margins squeezed owing to rising interest expenses more... (FD)

Textile exports decline by 7.58 per cent
Exports in first nine-months of the current fiscal were recorded at $7.193 billion as compared to $7.783 last year more... (D)

Cabinet gives go-ahead to tractor scheme
Federal Cabinet Wednesday approved incentive worth Rs 4 billion for the launching of Benazir Tractor Scheme aimed at providing 20,000 tractors to the farmers at concessional rates more... (DT)

 
(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