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June 01, 2009

Statistics
KSE 100 Index
Previous Index
7,288.13
Current Index
7,276.61
Change %
(0.16)%
YTD (CY09)
24.10%
YTD (FY09)
(40.80)%

International Indicates
 
Close
Percentage
BSE-30
14,625.25
2.30%
HANGSENG
18,171.00
1.60%
NIKKEI 255
9,522.50
0.75%
FTSE
4,417.90
0.69%
DJI
8,500.33
1.15%
SSEC
2,632.93
1.71%
NASDAQ
1,774.33
1.29%

S.C.R.A
29-05-2009
2.56
May-09
(8.67)
YTD
(585.47)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.72%
KIBOR (6 months)
13.75%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
80.90
Rs/UK
130.93
Rs/EURO
114.43
Rs/OMAN RIYAL
211.21

commodities
Oil
$66.98/barrel
Oil Change in %
1.01%
Gold
$984.50/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)
11.19
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 30, 2009
 
Offer
Redemption
POBOP
50.8355/-
50.3271/-
Daily Return
(56.84)%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
55.5970/-
55.0410/-
Daily Return
32.39%
POAF
10.8526/-
Daily Return
(90.11)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

No new taxes in upcoming Budget, says Tarin
The government would not impose new taxes in the budget but rationalise the existing taxation system and widen its base, the Adviser to Prime Minister on Finance, Shaukat Tarin, said on Saturday more... (D)

SECP proposes cut in companies' income tax rate
The Securities and Exchange Commission of Pakistan (SECP) has proposed reduction in tax rates for companies from 35 percent to 30 percent in the 2009-10 budget more... (BR)

Rs two billion shortfall likely in June PDL
The government will face a shortfall of Rs 2 billion in petroleum development levy (PDL) in June due to increase in global oil prices. The government has decided to keep oil prices unchanged for the month of June, projecting Rs 12 billion PDL, against Rs 14 billion during May, with a shortfall of Rs 2 billion due to increase in global oil prices more... (BR)

Iran shuts its border with Pakistan
The Iranian move has caused suspension of trade in the area resulting in food shortages for tribesmen on both sides more... (D)

'Swat operation achieved almost complete success'
Pakistan is confident its nuclear assets will not fall into militant hands because it is constantly reviewing security and getting help from friendly countries, a senior defence official said on Sunday. As Pakistan battles a Taliban insurgency, reports in the US media have raised the nightmare scenario of its nuclear weapons falling into militant hands more... (BR)

Obama seeks new start with Muslim world
President Barack Obama will journey to the center of Arab-Muslim civilisation this week, to begin the daunting task of draining deep mistrust of the United States felt across the Islamic world. In Egypt on Thursday, Obama will make a personal address to the world's Muslims, harnessing his own ancestral ties to Islam and globalizing his message of change in an speech rich in trademark political ambition more... (BR)

sector Briefing

KSE directed to establish unified trading platform
The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period more... (BR)

SSGS announces gas supply policy for captive power plants
Umair Khan, Managing Director, Sui Southern Gas Company Ltd (SSGC), has assured Pakistan Hosiery Manufacturers Association (PHMA) that load enhancement for applicant industry would be approved on first-come-first-served basis more... (BR)

PTCL providing low cost communication facilities
The Senior Executive Vice President Pakistan Tele-Communication Limited (PTCL), Mazhar Hussain has said that his organisation was providing latest and low cost communication facilities to the people in addition to providing best perks and privileges to its employees 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