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May 25, 2009

Statistics
KSE 100 Index
Previous Index
6,969.82
Current Index
7,146.24
Change %
2.53%
YTD (CY09)
21.80%
YTD (FY09)
(41.80)%

International Indicates
 
Close
Percentage
BSE-30
13,887.15
1.10%
HANGSENG
17,062.52.
(0.80)%
NIKKEI 255
9,225.81
(0.41)%
FTSE
4,365.30.
0.46%
DJI
8,277.32
(0.18)%
SSEC
2,597.60
(0.50)%
NASDAQ
1,692.01
(0.19)%

S.C.R.A
22-05-2009
6.99
May-09
(2.15)
YTD
(578.95)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.74%
KIBOR (6 months)
13.77%
PIB (10 years)
12.56%

Exchange Rates
Rs/US
80.50
Rs/UK
128.06
Rs/EURO
112.65
Rs/OMAN RIYAL
210.75

commodities
Oil
$61.38/barrel
Oil Change in %
(0.47)%
Gold
$954.80/ounce
Gold Change in %
(0.43)%

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 16, 08)
Rs.3,953bn

Daily Returns and NAVs
as of May 23, 2009
 
Offer
Redemption
POBOP
50.8423/-
50.3339/-
Daily Return
1.61%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
55.4659/-
54.9112/-
Daily Return
35.60%
POAF
10.9077/-
Daily Return
13.87%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

General sales tax rate may be raised to 17 percent in budget
The government may increase standard rate of general sales tax (GST) from 16 percent to 17 percent across the board in the upcoming 2009-10 budget to generate additional revenue for meeting the enhanced collection target in the next fiscal year more... (BR)

Funds sought from ADB to settle circular debt
Pakistan is negotiating Rs 130 billion in low-interest loans from the donor agency for the rehabilitation of the energy sector more... (D)

Pakistan hopeful of achieving $10 billion FDI target
Federal Minister for Investment Senator Waqar Ahmad, while expressing his optimism about substantial increase in foreign direct investment (FDI) into Pakistan, has hoped that the country would achieve the target of 10 billion-dollar foreign investment during the current year more... (BR)

Foreign troops no help to region's security: Iran
Iranian President Mahmoud Ahmadinejad attacked the presence of foreign forces in the region at a summit with his Afghan and Pakistani counterparts on Sunday aimed at tackling terrorism and other security problems more... (BR)

India faces greater threat from China than Pakistan
India faces a greater threat from China than Pakistan because New Delhi knows little about Beijing's combat capabilities, India's air force chief told a newspaper in an interview published on Sunday more... (BR)

Troops secure many areas in Mingora
Security forces have secured important areas in Mingora city where street battles continued on Sunday that left 10 militants killed. Three security personnel embraced Shahdat and six were injured, said the Inter Services Public Relations (ISPR). In the heavy exchange of fire, the security forces also arrested 14 militants from different areas more... (BR)

sector Briefing

“Tal” gas likely next month: PPL chiefTFD Report
The much-awaited gas production from Tal block is likely to commence next month but it's too early to say if the output will actually meet earlier expectations, Khalid Rahman, MD & CEO of Pakistan Petroleum Limited (PPL) told The Financial Daily more...

Pakistan, Iran finally sign gas pipeline accord
The long-delayed agreement was inked by the countries’ presidents on the sidelines of an ongoing summit in Tehran more... (D)

Raise in deemed duty for refineries proposed
The subcommittee of the Economic Co-ordination Committee (ECC) of the Cabinet has decided to increase deemed duty from current 7.5 percent to 10 percent, placing an upper cap at $80 per barrel crude oil in international market for oil refineries. These oil refineries include National Refinery Limited (NRL), Pakistan Refinery Limited (PRL), Attock Oil Refinery and Bosicor Pakistan Limited (BPL) 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