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June 03, 2009

Statistics
KSE 100 Index
Previous Index
7,210.34
Current Index
7,125.11
Change %
(1.18)%
YTD (CY09)
21.50%
YTD (FY09)
(42.00)%

International Indicates
 
Close
Percentage
BSE-30
14,874.91
0.23%
HANGSENG
18,389.08
(2.64)%
NIKKEI 255
9,704.31
0.27%
FTSE
4,477.02
(0.65)%
DJI
8,740.87
0.22%
SSEC
2,724.30
0.11%
NASDAQ
1,836.80
0.44%

S.C.R.A
01-06-2009
(5.00)
May-09
(8.67)
YTD
(590.47)

Money Market Updates
Tbill Cut-off
 
1 year
13.23%
6 month
13.11%
KIBOR (3 months)
13.71%
KIBOR (6 months)
13.74%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.00
Rs/UK
133.06
Rs/EURO
114.68
Rs/OMAN RIYAL
211.21

commodities
Oil
$68.47/barrel
Oil Change in %
(0.12)%
Gold
$986.00/ounce
Gold Change in %
0.16%

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 June 02, 2009
 
Offer
Redemption
POBOP
50.8757/-
50.3669/-
Daily Return
11.08%
POASF
61.82/-
60.27/-
Daily Return
(78.56)%
POAIF
56.29/-
54.88/-
Daily Return
(26.58)%
POAIIF
55.6287/-
55.0724/-
Daily Return
7.21%
POAF
10.8718/-
Daily Return
14.26%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Rs989 billion revenue collected in 11 months
Federal Board of Revenue collections registered of 15.5 pc as compared to the corresponding period of the last fiscal more... (D)

Rs 595 billion PSDP may be approved by NEC
National Economic Council (NEC) is likely to approve Rs 595 billion for the proposed 2009-10 Public Sector Development Programme (PSDP) in its meeting scheduled on June 4. According to sources, the Planning Commission has proposed Rs 395 billion Federal PSDP and an Rs 200 billion provincial component in the proposed PSDP 2009-10 to be tabled before the NEC for approval more... (BR)

ADB, IDB to set up first Islamic infrastructure fund
The Asian Development Bank (ADB) and the Islamic Development Bank (IDB) on Tuesday agreed to set up Asia's first major multi-country Islamic infrastructure fund. According to a ADB, the Islamic Infrastructure Fund, targeted at $500 million, would make Shari'ah-compliant equity investments in 12 countries that are borrowing members of both development banks more... (BR)

No relief as long as NRO pleas pending in SC: CJP
Chief Justice Iftikhar Muhammad Chaudhry Tuesday observed petitions about National Reconciliation Ordinance (NRO) were pending in the apex court and until these were disposed of no relief could be given to any person under the NRO more... (FD)

US rejects Zardari's complaint about aid
‘We already disbursed $110 million for the displaced people. We’ve got that out very quickly’: Hillary Clinton more... (D)

Pakistan and India to resume dialogue soon: Qureshi
Foreign Minister Shah Mehmood Qureshi has expressed the hope that Pakistan and India will soon resume composite dialogue. In an interview to a private TV channel on Tuesday, he said, "both countries will be back on track as disengagement will not benefit India more... (BR)

sector Briefing

Cabinet to approve GSPA today
The Cabinet is all set to approve the Gas Sale-Purchase Agreement (GSPA) for Iran-Pakistan gas pipeline project in its meeting on Wednesday, after which both countries would sign the deal before June 10, 2009, in a third country, official sources told Business Recorder. The Ministry of Petroleum, through Inter-State Gas Systems (Pvt) Ltd, had initialled the GSPA on May 24, 2009 with Iran more... (BR)

HBFC sell-off held in abeyance
Privatisation of the House Building Finance Company Limited (HBFC) has been in abeyance as the Prime Minister Secretariat has sought report from Federal Finance Secretary in this respect. A seven-member delegation of the joint action committee of HBFC met Ahmad Mushtaba Gilani, sibling of the PM and also the chief of POMP office, Multan region, to discuss the matter more... (BR)

KESC plans to receive govt approval
The private management of the Karachi Electric Supply Company (KESC) succeeded in convincing a ministerial committee to give it a new lease of life by promising that the utility will operate its power generation plants to the optimum capacity, will no longer carry out load-shedding, and invest in its power generation and transmission and distribution system more... (D)

 
(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