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May 13, 2009

Statistics
KSE 100 Index
Previous Index
7,122.92
Current Index
7,296.90
Change %
2.44%
YTD (CY09)
24.40%
YTD (FY09)
(40.60)%

International Indicates
 
Close
Percentage
BSE-30
12,158.03
4.07%
HANGSENG
17,153.64.
0.38%
NIKKEI 255
9,298.61
(1.60)%
FTSE
4,425.54
(0.20)%
DJI
8,469.11
0.60%
SSEC
2,618.17
1.49%
NASDAQ
1,715.92
(0.88)%

S.C.R.A
11-05-2009
0.33
May-09
0.92
YTD
(575.56)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.25%
KIBOR (6 months)
13.35%
PIB (10 years)
12.56%

Exchange Rates
Rs/US
80.40
Rs/UK
122.52
Rs/EURO
109.83
Rs/OMAN RIYAL
210.00

commodities
Oil
$59.66/barrel
Oil Change in %
1.38%
Gold
$925.60/ounce
Gold Change in %
0.18%

Inflation
CPI Gen. Apr 09(YOY)
17.19%
CPI Gen. (Jul-Apr 09)
22.35%
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-Apr 09)
$(14.16)bn
Curr. A/C (Jul-Mar 09)
$(7.65)bn
Remittances (Jul-Apr 09)
$5.36bn
Foreign Investment (Jul-Mar 09)
$2.08bn
All Scheduled Banks Deposit Base (May 02, 08)
Rs.3,904bn

Daily Returns and NAVs
as of May 12, 2009
 
Offer
Redemption
POBOP
50.2488/-
49.7463/-
Daily Return
(8.63)%
POASF
61.75/-
60.21/-
Daily Return
268.70%
POAIF
55.92/-
54.52/-
Daily Return
26.80%
POAIIF
55.1566/-
54.6050/-
Daily Return
26.79%
POAF
10.7981/-
Daily Return
(5.74)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Reduced imports shrink July-April trade deficit
Pakistan's trade deficit crossed $14 billion during the ten months (July-April) of current fiscal year due to negative growth in exports and a low decline in imports. This situation should be a wake-up call to senior government officials who had been proclaiming earlier this year that exports would increase by 10 percent in spite of the present economic meltdown more... (BR)

Government collects Rs 73 billion PDL in nine months
Government has collected Rs 73 billion as petroleum development levy (PDL) on petroleum products during the first nine months (July-March) of the current financial year 2008-09 in an effort to meet the revenue targets it has committed with International Monetary Fund (IMF) more... (BR)

Government told to reduce oil products prices: final Supreme Court order today
The Supreme Court on Tuesday directed the government to reduce the prices of petroleum products, and failure to do so would compel the courts to decide the matter. Chief Justice Iftikhar Muhammad Chaudhry directed Attorney General to seek instructions from the government regarding reduction in prices of petroleum products, saying that it was in the interest of the people of the country more... (BR)

Heliborne troops dropped into Taliban stronghold: ISPR
Pakistan army on Tuesday claimed that its troops backed by artillery and aerial bombing killed 751 miscreants, while 29 security personnel have been martyred so far in Swat, Buner and Dir military operation. Giving details about the operation at a press conference here, Inter Services Public Relations DG Major General Athar Abbas said that the security forces have made significant inroads more... (BR)

See Pakistan through, Holbrooke advises USMonitoring Desk
Richard Holbrooke, special US envoy for Afghanistan and Pakistan, has said that a stable, secure and democratic Pakistan is vital to US national security interests, said a report seen on a local website more... (FD)

NA echoes with support for Swat operation
Members of the National Assembly on Tuesday unanimously backed government and army efforts aimed at crushing the Taliban and those challenging the writ of the state more... (DT)

sector Briefing

Auto sales down by 47 percent
The year-on-year based growth in local auto sales including cars and LCVs has declined by 47 percent to 81,143 units during the first ten months (July-April) of current fiscal. The auto sales units stood at 153,846 during the corresponding period of previous financial year more... (DT)

PSO seeks offers for import of FO
Pakistan State Oil (PSO) has called for offers for the import of 0.4 million tonnes of furnace oil. Among the furnace import contracts, 0.3 million tonnes of new light sulphur fuel oil more... (DT)

Oil hits $60 per barrel for first time since Nov 2008
Oil prices hit $60 a barrel on Tuesday for the first time in six months, boosted partly by a weak dollar and gains on equity markets 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