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May 28, 2009

Statistics
KSE 100 Index
Previous Index
7,176.89
Current Index
7,188.84
Change %
0.17%
YTD (CY09)
22.60%
YTD (FY09)
(41.50)%

International Indicates
 
Close
Percentage
BSE-30
14,109.64
3.83%
HANGSENG
17,885.27.
5.28%
NIKKEI 255
9,438.77
1.37%
FTSE
4,416.23.
0.10%
DJI
8,300.02
(2.05)%
SSEC
2,632.93
1.71%
NASDAQ
1,731.08
(1.11)%

S.C.R.A
26-05-2009
(0.71)
May-09
(2.88)
YTD
(579.68)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.72%
KIBOR (6 months)
13.76%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
80.50
Rs/UK
128.52
Rs/EURO
112.42
Rs/OMAN RIYAL
209.90

commodities
Oil
$62.95/barrel
Oil Change in %
(0.79)%
Gold
$947.80/ounce
Gold Change in %
(0.77)%

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 23, 08)
Rs.3,991bn

Daily Returns and NAVs
as of May 27, 2009
 
Offer
Redemption
POBOP
50.9130/-
50.4039/-
Daily Return
15.84%
POASF
62.21/-
60.65/-
Daily Return
(72.08)%
POAIF
56.34/-
54.93/-
Daily Return
(39.83)%
POAIIF
55.5331/-
54.9778/-
Daily Return
7.22%
POAF
10.9140/-
Daily Return
13.82%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

10-yr PIB cut-off yield shrinks by 61bpsM Yasir Yousuf
The 10-year PIB cut-off yield declined by 61 basis points to 12.63 per cent from 13.24 per cent in the last PIB auction on April 16, 2009. Moreover weighted average yield stood at 12.57 per cent more... (FD)

Rs 500 billion to be earmarked for PSDP
The country has come out of the financial crisis and, with sufficient fiscal space, Public Sector Development Program (PSDP) for the next fiscal year will be of about Rs 500 billion. This was stated by Federal Minister for Information, Qamar Zaman Kaira, while briefing newsmen about the decisions at a meeting of senior bureaucrats of Sindh, presided over by President Zardari at Chief Minister House here on Wednesday more... (BR)

'Government seeking private sector investment'
Present government is increasingly looking to the private sector for investment and development of capital heavy infrastructure projects, Advisor to Infrastructure Project Development Facility (IPDF) Ghulam Murtaza Satti said while talking to a group of media persons more... (BR)

US to help in resumption of Pak-India dialogue: senators
The United States would play a role in resumption of Pakistan-India composite dialogue for the resolution of all the outstanding issues between the two countries including the core issue of Kashmir more... (D)

No let-up in anti-terror war, says Zardari
President Asif Ali Zardari declared on Wednesday there would be no let-up in the battle against terrorists and called for reinforcing capabilities of law enforcement agencies, federal Information Minister Qamaruzzaman Kaira said at a press briefing after a meeting on the law and order situation more... (D)

Mingora to be cleared in 48-72 hours: ISPRSays 12 Taliban killed during last 24 hours
Director General ISPR Major General Athar Abbas said Wednesday Mingora will be cleared of the Taliban within two to three days while more successes have been achieved in various parts of Malakand Division during the military offensive more... (FD)

sector Briefing

PTCL buyer withholds $799.3 million till transfer of properties
Etisalat, the buyer of Pakistan Telecommunication Company (PTCL), has withheld $799.3 million until the Government of Pakistan (GoP) transfers properties in Sindh and Punjab in favour of PTCL, sources in Privatisation Commission told Business Recorder more...

KESC approves 31 percent rights shares issue
Karachi Electric Supply Company (KESC), in order to improve operational and financial viability and the profitability of the company, has approved issue of 31 percent right shares. In a meeting held on Wednesday the board of Directors approved the issue of 31 ordinary right shares for every 100 ordinary shares held by the shareholders at par (Rs 3.50 per share) more... (BR)

Ministry wants to ban transfer of new cars in six months
The Ministry of Industries and Production wants to impose ban on transfer of new vehicles in six months to discourage black marketing by dealers. Minister for Industries and Production Mian Manzoor Wattoo stated this while addressing a press conference here on Wednesday 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