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May 08, 2009

Statistics
KSE 100 Index
Previous Index
7,198.87
Current Index
7,125.66
Change %
(1.02)%
YTD (CY09)
21.50%
YTD (FY09)
(42.00)%

International Indicates
 
Close
Percentage
BSE-30
12,116.94
1.37%
HANGSENG
17,217.89.
2.28%
NIKKEI 255
9,385.70
4.50%
FTSE
4,398.68
2.19%
DJI
8,409.85
(1.20)%
SSEC
2,586.20
(0.43)%
NASDAQ
1,716.24
(2.44)%

S.C.R.A
06-05-2009
1.26
May-09
1.64
YTD
(574.84)

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
121.62
Rs/EURO
106.90
Rs/OMAN RIYAL
210.04

commodities
Oil
$57.25/barrel
Oil Change in %
0.95%
Gold
$913.70/ounce
Gold Change in %
(0.20)%

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)
11.11
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 07, 2009
 
Offer
Redemption
POBOP
50.1803/-
49.6785/-
Daily Return
(26.54)%
POASF
61.09/-
59.56/-
Daily Return
(91.69)%
POAIF
55.73/-
54.34/-
Daily Return
(93.80)%
POAIIF
55.2238/-
54.6716/-
Daily Return
606.64%
POAF
10.7758/-
Daily Return
12.32%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Speedy completion of privatisation deals ordered
The Privatisation Commission Board on Wednesday directed speedy disinvestment of 23 public sector entities through the Public-Private Partnership (PPP) mode more... (D)

Forex stack eases to $11.11bn
Foreign exchange reserves of the country fell by $40 million to $11.11 billion in the week that ended on May 2, a central bank spokesman said on Thursday. The State Bank of Pakistan's reserves fell to $7 more... (FD)

Transit trade facility to India: nothing has been finalised yet: foreign office
Foreign Office spokesman Abdul Basit has said that the Memorandum of Understanding (MoU) related to the transit trade with Afghanistan has been signed in Washington not at the dictation of any other country and modalities in this regard would be set after comprehensive negotiation more... (BR)

Military ordered to eliminate militants: PM takes the nation into confidence
Prime Minister Syed Yousuf Raza Gilani on Thursday announced a full-fledged military operation against militants in Swat, Buner and Malakand Division by calling army to eliminate militants after failing to restore peace in NWFP despite signing the controversial Nizam-e-Adl Regulation last month more... (BR)

Kayani vows 'decisive ascendancy'
The top brass of Pakistan Army has expressed resolve to deal with the militancy in Swat and other district of Malakand without withdrawing troops from eastern border more... (BR)

US troops won't be sent to Pakistan: Gates
There are no plans to deploy US ground troops to Pakistan, US Defence Secretary Robert Gates said Thursday, despite concerns over increasing violence between Pakistani troops and Taliban militants. Speaking to about 300 Marines at Camp Leatherneck in southern Afghanistan on Thursday, Gates assured them that they wouldn't be fighting in the neighbouring sovereign nation more... (BR)

sector Briefing

Oil refineries oppose processing fee: another body formed to resolve deemed duty issue
The Sub-committee of Economic Co-ordination Committee (ECC) of the Cabinet has failed to develop a consensus on the proposed increase in deemed duty from 7.5 to 10 percent for oil refineries and has constituted another high-level committee, headed by chief of Fuel Section of the Planning Commission Arshad Maqsood Malik, to resolve the issue more... (BR)

Telecom sector attracts huge foreign investments
The telecommunications sector attracted an investment of about $9 billion in the last three years more... (D)

Textile sector seeks 'bailout' package
Textile sector is urging Prime Minister Syed Yousuf Raza Gilani for a bailout package for the recession-hit industry on the same pattern as is being given by Pakistan's competitors 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