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June 05, 2009

Statistics
KSE 100 Index
Previous Index
6,989.94
Current Index
6,878.14
Change %
(1.60)%
YTD (CY09)
17.30%
YTD (FY09)
(44.00)%

International Indicates
 
Close
Percentage
BSE-30
15,008.68
0.93%
HANGSENG
18,502.77
(0.40)%
NIKKEI 255
9,668.96
(0.75)%
FTSE
4,386.94
0.08%
DJI
8,750.24
0.86%
SSEC
2,767.24
(0.41)%
NASDAQ
1,850.02
1.32%

S.C.R.A
03-06-2009
8.57
June-09
6.02
YTD
(579.45)

Money Market Updates
Tbill Cut-off
 
1 year
13.24%
6 month
13.14%
KIBOR (3 months)
13.69%
KIBOR (6 months)
13.73%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.00
Rs/UK
134.26
Rs/EURO
115.81
Rs/OMAN RIYAL
210.78

commodities
Oil
$69.27/barrel
Oil Change in %
0.67%
Gold
$980.90/ounce
Gold Change in %
(0.14)%

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)
11.52
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 04, 2009
 
Offer
Redemption
POBOP
50.8960/-
50.3870/-
Daily Return
8.61%
POASF
61.41/-
59.87/-
Daily Return
(36.54)%
POAIF
56.11/-
54.71/-
Daily Return
(26.67)%
POAIIF
55.6442/-
55.0878/-
Daily Return
3.37%
POAF
10.8793/-
Daily Return
13.11%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

NEC approves Rs 621 billion allocations for PSDP
The National Economic Council (NEC) on Thursday approved Rs 621 billion allocations for Public Sector Development Programme (PSDP) 2009-10 having Rs 421 billion federal and Rs 200 billion provincial component. Prime Minister Syed Yousaf Raza Gilani chaired the meeting that was attended by the chief ministers of provinces, AJK Prime Minister, Chief Secretary Northern Areas (NAs), federal ministers and secretaries more... (BR)

LSM growth negative for 10 months in a row
Weakness in domestic demand, power shortages and deterioration in law & order situation have shrunk Large Scale Manufacturing (LSM) growth, said SBP's Third Quarterly Report. The report pointed out that growth in LSM has been negative for the 10th consecutive month in March 2009, the longest period in which production continued to shrink more... (BR)

Cut in development spending unsustainable, undesirable
The State Bank of Pakistan (SBP), terming reduction in development spendings as unsustainable and undesirable, has stressed the need to allocate more funds for socio-economic uplift of the masses to address the root-causes of militancy more... (BR)

Obama asks Muslims to make fresh beginning
The US President urged for unity to confront violent extremism and advance the Middle East peace process more... (D)

India for reshaping ties with Pakistan
President Pratibha Patil said India hoped for better ties with her neighbours as she urged Pakistan to confront militants more... (D)

sector Briefing

Centre grants special incentives to KESC Federal Govt's Special Committee
PSO extends payment deadline to 90 days
The Federal Government's Special Committee on KESC has granted some incentives to the Karachi Electric Supply Corporation (KESC) in a meeting held recently in Islamabad more... (FD)

Government seeks help to revive closed 135 megawatts Sepcol
Ministry of Finance (MoF) is reportedly using its influence to revive the closed 135 MW Southern Electric Power Company Limited (Sepcol), which was shut down due to financial crisis and dispute with Wapda, official sources told Business Recorder more...

Brokers agree on features of new leverage product
Finally, the parameters of a new product were identified to counter the demerits of the scrapped ‘badla’ 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