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May 21, 2009

Statistics
KSE 100 Index
Previous Index
7,067.85
Current Index
7,060.72
Change %
(0.10)%
YTD (CY09)
20.40%
YTD (FY09)
(42.50)%

International Indicates
 
Close
Percentage
BSE-30
14,060.66
(1.69)%
HANGSENG
17,475.84.
(0.39)%
NIKKEI 255
9,344.64
0.60%
FTSE
4,468.41.
(0.30)%
DJI
8,422.28
(0.62)%
SSEC
2,651.41
(0.94)%
NASDAQ
1,727.84
(0.39)%

S.C.R.A
19-05-2009
4.96)
May-09
(7.93)
YTD
(584.73)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.81%
KIBOR (6 months)
13.78%
PIB (10 years)
12.56%

Exchange Rates
Rs/US
81.00
Rs/UK
125.34
Rs/EURO
110.11
Rs/OMAN RIYAL
210.53

commodities
Oil
$61.54/barrel
Oil Change in %
(0.81)%
Gold
$941.70/ounce
Gold Change in %
0.46%

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-Apr 09)
$(8.55)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 20, 2009
 
Offer
Redemption
POBOP
50.8063/-
50.2982/-
Daily Return
11.26%
POASF
61.62/-
60.08/-
Daily Return
66.95%
POAIF
55.84/-
54.44/-
Daily Return
46.99%
POAIIF
55.3985/-
54.8445/-
Daily Return
17.71%
POAF
10.9212/-
Daily Return
13.85%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Real estate, bourses, services, agriculture sectors to be taxed gradually:
five percent job quota in public sector for minorities approved by Cabinet
The Federal Cabinet on Wednesday approved five percent job quota for the minorities and decided to bring new sectors in the tax net in budget 2009-10. Giving details of the Cabinet meeting chaired by Prime Minister Syed Yousuf Raza Gilani, Information Minister Qamar Zaman Kaira said that real estate, agriculture, stock exchanges and businesses have to be brought under tax net step-by-step or gradually more... (BR)

Flat cut-off shows yields likely peakedT-bill auction
Cut-off yields on Pakistan's 6 and 12-month treasury bills remained flat at an auction on Wednesday - a sign which analysts say signals that yields have somewhat peaked and one can expect a decline in yields in the upcoming weeks more... (FD)

Tareen sees GDP growth at 2-2.5pc in FY09
Pakistan's GDP growth rate is likely to be around 2-2.5 per cent in the fiscal year 2009 as global recession and internal challenges continue to weigh on the economy. PM's Advisor on Finance Shaukat Tareen said while informing the Federal Cabinet on Wednesday more... (FD)

'Many problems facing Pakistan are direct result of past US policies'
US Secretary of State Hillary Clinton on Wednesday praised the Pakistani drive against Taliban insurgents and acknowledged that many of the problems facing Pakistan are a direct result of the US policies over the past several decades and Washington's walking away from the region in the wake of Soviet Union's pullout from Afghanistan more... (BR)

'Foreign elements backing militants'
Member House of Lords of Britain Lord Nazir Ahmed has said that certain foreign countries were involved in anti-Pakistan activities by backing militants in Swat and Malakand areas in line with their own respective agendas. He called upon the entire Pakistani nation to stand behind armed forces of Pakistan at this crucial stage more... (BR)

Canada may end arms sales ban on Pakistan
Canada is considering ending its 11-year embargo on the sale of military technology to Pakistan, Defence Minister Peter MacKay said Wednesday. The development comes as Pakistan Army is about to take its fight against Taliban militants into the tribal region bordering Afghanistan more... (FD)

sector Briefing

Short-selling, price manipulation and insider trading:
SECP probing cases with help of 'Awacs' software
The Securities and Exchange Commission of Pakistan (SECP) is reportedly investigating several cases of short-selling, price manipulation, and insider trading, with the help of 'Awacs' software, whose Indian-based consultants were denied visa by Interior Ministry, official sources told Business Recorder here on Wednesday more... (BR)

PSO banks overdraft rises to Rs 23 billion:
debtors fail to clear Rs 72 billion outstandings
The Pakistan State Oil, (PSO) had an overdraft of Rs 23 billion from different banks as of Wednesday when its four major customers failed to clear their outstanding dues of Rs 72 billion, sources in Petroleum Ministry told Business Recorder more...

 
(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