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June 10, 2009

Statistics
KSE 100 Index
Previous Index
6,892.00
Current Index
7,086.78
Change %
2.83%
YTD (CY09)
20.80%
YTD (FY09)
(42.30)%

International Indicates
 
Close
Percentage
BSE-30
15,127.00
3.14%
HANGSENG
18,058.49
(1.07)%
NIKKEI 255
9,786.82
(0.80)%
FTSE
4,404.79
(0.04)%
DJI
8,763.06
(0.02)%
SSEC
2,787.89
0.71%
NASDAQ
1,860.13
0.96%

S.C.R.A
08-06-2009
(9.37)
June-09
(6.58)
YTD
(592.05)

Money Market Updates
Tbill Cut-off
 
1 year
13.24%
6 month
13.14%
KIBOR (3 months)
13.55%
KIBOR (6 months)
13.63%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
80.70
Rs/UK
129.27
Rs/EURO
111.96
Rs/OMAN RIYAL
211.14

commodities
Oil
$70.68/barrel
Oil Change in %
0.96%
Gold
$959.00/ounce
Gold Change in %
0.45%

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 30, 08)
Rs.4,040bn

Daily Returns and NAVs
as of June 09, 2009
 
Offer
Redemption
POBOP
50.7775/-
50.2697/-
Daily Return
14.55%
POASF
61.95/-
60.40/-
Daily Return
409.43%
POAIF
56.66/-
55.24/-
Daily Return
232.74%
POAIIF
55.6868/-
55.1299/-
Daily Return
5.79%
POAF
10.9031/-
Daily Return
13.72%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Economy grows by two percent against 4.5 percent target
Pakistan's economy grew by only 2 percent in 2008-09, against the target of 4.5 percent, due to poor performance of almost all sectors, coupled with internal and external pressures of extreme nature. Agriculture has been the only sector, which demonstrated some growth, mainly because of better weather conditions and good support price to wheat growers more... (BR)

Energy sector tops Rs 421 billion proposed PSDP outlay
With major emphasis on energy sector development, the Public Sector Development Programme (PSDP) with total outlay of Rs 421 billion has been finalised by the Planning Commission. The energy sector spending, sources said, comes to 33 percent of the total PSDP. To overcome energy shortage, investment by the government and Wapda from its own resources during 2009-10 would be around Rs 139 billion for power generation and conservation more... (BR)

FBR to conduct 'Agility system' audit
The Federal Board of Revenue (FBR) has decided to conduct a detailed audit of the "Agility system" to check its performance and weaknesses before signing a formal agreement for its services, sources told Business Recorder on Tuesday. They said negotiations for a formal agreement between the Agility International and the FBR had delayed due to preparation of upcoming federal budget more... (BR)

Singh sees ‘vital interest' in peace with Pakistan
New Delhi is prepared to walk more than half way if Islamabad will accept its share of the responsibility: Indian PM more... (D)

Pakistanis backing govt in anti-Taliban fight: Holbrooke
‘I found an increased sense of unity on this issue between the govt, the opposition and the army,’ Holbrooke said more... (D)

Government wants peace in Karachi at all costs: Prime Minister
Prime Minister Syed Yousuf Raza Gilani on Tuesday said that the government wants peace in Karachi at all costs as this mega city is the economic hub of the country. Addressing a press conference at Sindh Chief Minster House here, after chairing a high-level meeting to review law and order situation in Karachi, the Prime Minister said that all the political parties will have to join hands to overcome the law and order problem in the city more... (BR)

sector Briefing

Brokerage houses, clients: margin financing to cater to needs recommended
The Consultative Group (CG) on capital markets has recommended that the introduction of 'Margin Financing' (MF) would cater to the financing needs of the brokerage houses and their clients. These recommendations were given by the CG in its first report on 'Margin Financing' submitted to the Securities and Exchange Commission of Pakistan (SECP) more... (BR)

KESC asks Nepra to revisit tariff adjustment mechanism
Karachi Electric Supply Company (KESC) has asked National Electric Power Regulatory Authority (Nepra) to revisit the existing tariff adjustment mechanism. According to sources, the move was a gross violation of the terms and conditions agreed by the KESC management which provides that no change whatsoever would be made in power tariff regime in the next seven years more... (BR)

Auto sales drop 47pc as economy stumblesM Yasir Yousuf
Auto sales in the country continue to be on a decline - falling by 47 per cent to 89,246 units in the first eleven months of current fiscal year (11MFY09) from 1,68,025 units in 11MFY08. Data released by Pakistan Automotive Manufacturers Association, however, show that sales picked up in May - edging 4 per cent higher on a month on month basis to 8,258 units in May as against 7,928 units in April more... (FD)

 
(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