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May 15, 2009

Statistics
KSE 100 Index
Previous Index
7,242.60
Current Index
7,142.42
Change %
(1.38)%
YTD (CY09)
21.80%
YTD (FY09)
(41.90)%

International Indicates
 
Close
Percentage
BSE-30
11,872.91
(1.22)%
HANGSENG
16,541.69.
(3.04)%
NIKKEI 255
9,093.73
(2.60)%
FTSE
4,362.58.
0.70%
DJI
8,331.32
0.56%
SSEC
2,639.89
(0.90)%
NASDAQ
1,689.21
1.50%

S.C.R.A
12-05-2009
(2.70)
May-09
(1.78)
YTD
(578.58)

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
80.70
Rs/UK
122.08
Rs/EURO
109.50
Rs/OMAN RIYAL
210.46

commodities
Oil
$58.79/barrel
Oil Change in %
0.29%
Gold
$926.50/ounce
Gold Change in %
(0.20)%

Inflation
CPI Gen. Apr 09(YOY)
17.19%
CPI Gen. (Jul-Apr 09)
22.35%
NFNE Core INFL Apr 09 (YOY)
17.70%
NFNE Core INFL (Jul-Apr 09)
17.80%

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 09, 08)
Rs.3,938bn

Daily Returns and NAVs
as of May 14, 2009
 
Offer
Redemption
POBOP
50.2929/-
49.7900/-
Daily Return
12.78%
POASF
61.37/-
59.84/-
Daily Return
(24.38)%
POAIF
55.76/-
54.37/-
Daily Return
(33.54)%
POAIIF
55.1776/-
54.6258/-
Daily Return
7.20%
POAF
10.8067/-
Daily Return
14.12%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

5-20 percent cut in POL products prices on the cards
The Petroleum Ministry is considering proposing 5-20 percent reduction in prices of petrol and high speed diesel (HSD) following the direction of Supreme Court to provide relief to the masses. The proposals will be forwarded to Prime Minister Syed Yousuf Raza Gilani for formal approval within a week more... (BR)

Rupee at 7-month low against greenback
Rupee weakened to nearly seven-month low of 80.90 per US dollar in inter-bank trade Thursday as compared 80.50 Wednesday. In early deals, the Rupee had fallen to 80.96 against the greenback more... (FD)

Forex cache flat at $11.11bn
The country's foreign exchange reserves stood at $11.11 billion during the week ending May 9 - unchanged from level seen on May 2, 2009 more... (FD)

Gilani convenes APC to muster political support
If we win militarily and not politically, that will be unfortunate, says Prime Minister Gilani in the NA session more... (D)

US Senate panel backs $91.3 billion war funding bill
The US Senate Appropriations Committee on Thursday approved a $91.3 billion measure to fund the wars in Iraq and Afghanistan through September 30 and to provide emergency aid to the struggling Pakistan government. Despite concerns, the panel included $80 million as President Barack Obama requested for shuttering the US detention prison at Guantanamo Bay, Cuba, where terrorism suspects are being held more... (BR)

US Senate panel approves emergency aid for Pakistan
The Senate Committee has approved about $900 million in economic and security aid for Pakistan more... (D)

sector Briefing

OGDCL discovers gas in Pasakhi deep well
Oil and Gas Development Company Ltd (OGDCL) has discovered gas in its exploratory well ie Pasakhi West Deep Well No 1, located in district Hyderabad, Sindh. According to information sent to Karachi Stock Exchange (KSE), the well was drilled down to the target depth of 3,500 meters, targeting to test the potentials of sands of Lower Goru Formation of cretaceous Age more... (BR)

Pakistan to be included in MSCI Frontier Index by month-end
The Morgan Stanley Capital International (MSCI), a leading provider of benchmark indices, has announced to include Pakistan in MSCI Frontier Index from the close of May 29, 2009. The MSCI withdrew Pakistan from MSCI EM Index on December 15, 2008 because of imposition of price floor at Karachi Stock Exchange on August 27, 2008 more... (BR)

PPIB accused of giving projects to poorly performing IPPs
The Private Power and Infrastructure Board (PPIB) has been accused of allocating all prime locations in NWFP and Azad Jammu and Kashmir (AJK) to the Independent Power Producers (IPPs), which has performed poorly, well-informed sources told Business Recorder on Thursday 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