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May 18, 2009

Statistics
KSE 100 Index
Previous Index
7,142.42
Current Index
7,177.64
Change %
0.49%
YTD (CY09)
22.40%
YTD (FY09)
(41.60)%

International Indicates
 
Close
Percentage
BSE-30
12,173.42
2.53%
HANGSENG
16,790.70.
1.50%
NIKKEI 255
9,265.02
1.90%
FTSE
4,348.11.
(0.30)%
DJI
8,268.64
(0.75)%
SSEC
2,645.26
0.20%
NASDAQ
1,680.14
(0.54)%

S.C.R.A
15-05-2009
(3.69)
May-09
(11.28)
YTD
(588.08)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.40%
KIBOR (6 months)
13.45%
PIB (10 years)
12.56%

Exchange Rates
Rs/US
80.70
Rs/UK
122.37
Rs/EURO
108.91
Rs/OMAN RIYAL
210.60

commodities
Oil
$56.39/barrel
Oil Change in %
0.09%
Gold
$931.70/ounce
Gold Change in %
0.04%

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-Apr 09)
$2.21bn
All Scheduled Banks Deposit Base (May 09, 08)
Rs.3,938bn

Daily Returns and NAVs
as of May 16, 2009
 
Offer
Redemption
POBOP
50.7471/-
50.2396/-
Daily Return
2207.94%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
55.3342/-
54.7809/-
Daily Return
233.11%
POAF
10.9051/-
Daily Return
2308.23%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

FDI plunges 13 per cent in 10 months
As the security situation worsens and the global economic crisis takes hold, investment continues to plummet more... (D)

Pakistan opens more farmland to foreigners
Pakistan dramatically increased the amount of farmland open to foreign investors to 6 million acres, but will require outsiders to share half of their crop with local growers, investment minister told Reuters more... (BR)

$14.5bn investment needed in energy sector
‘Energy efficiency is the quickest and cheapest way for Pakistan to reduce the electricity demand–supply:’ ADB more... (D)

Swat is just the start, next Waziristan: Zardari
Pakistan is to extend its war on the Taliban beyond Swat into the fiercely independent tribal areas bordering Afghanistan where Osama Bin Laden and the al Qaeda leadership are believed to be hiding more... (BR)

APC to discuss national security today
All Parties Conference (APC) would be held today (Monday) to discuss issues relating to national security with particular reference to Swat, Fata, Balochistan and other parts of the country.The conference was convened by Prime Minister Yousuf Raza Gilani on proposal of Leader of the Opposition in the National Assembly Chaudhry Nisar Ali Khan and former premier Mian Muhammad Nawaz Sharif more... (FD)

Cross-LoC travel: triple entry permit open to general public in IHK
Indian occupied Jammu and Kashmir has opened to general public the travel and trade routes across the Line of Control (LoC) Azad Jammu Kashmir through Srinagar-Muzaffarabad and Poonch-Rawalakot bus services with an option of obtaining triple entry permits, says a report reaching here Saturday from across the line of control more... (BR)

sector Briefing

IPPs/rental power projects: PPIB quizzed over difference in tariffs
The Private Power and Infrastructure Board (PPIB) has been quizzed by its members for allowing higher tariff to independent power producers (IPPs) currently being set up under fast track strategy as compared to rental power projects which, they allege is contrary to international best practice more... (BR)

Ogra determines 8.75 percent cut in gas tariff
Oil and Gas Regulatory Authority (Ogra) has determined Rs 22 per Million British Thermal Unit (mmbtu) or 8.75 percent reduction in gas tariff effective July 1, 2009. Ogra has submitted its determination to the Petroleum and Natural Resources Ministry. The Petroleum Ministry after evaluation of Ogra determination will notify the reduction in gas tariff rates for consumers, sources said more... (BR)

KSE free float bit up in 4MCY09Decline seen in DGKC, AICL, SNBL
Free float at the Karachi Stock Exchange (KSE) rose nearly by one percentage point during the first four months of calendar year 2009, but this marginal gain hides many unnoticed changes in the free float capital of numerous leading firms, an analysis conducted by The Financial Daily revealed more... (FD)

 
(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