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June 16, 2009

Statistics
KSE 100 Index
Previous Index
7,056.31
Current Index
6,953.09
Change %
(1.46)%
YTD (CY09)
18.60%
YTD (FY09)
(43.40)%

International Indicates
 
Close
Percentage
BSE-30
14,875.52
(2.38)%
HANGSENG
18,498.96
(2.07)%
NIKKEI 255
10,039.67
(0.95)%
FTSE
4,326.01
(2.61)%
DJI
8,612.13
(2.13)%
SSEC
2,789.55
1.67%
NASDAQ
1,816.38
(2.28)%

S.C.R.A
12-06-2009
2.66
June-09
(2.54)
YTD
(588.02)

Money Market Updates
Tbill Cut-off
 
1 year
13.24%
6 month
13.14%
KIBOR (3 months)
13.05%
KIBOR (6 months)
13.05%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.00
Rs/UK
132.71
Rs/EURO
113.14
Rs/OMAN RIYAL
210.74

commodities
Oil
$69.98/barrel
Oil Change in %
(0.91)%
Gold
$932.20/ounce
Gold Change in %
0.51%

Inflation
CPI Gen. May 09(YOY)
14.40%
CPI Gen. (Jul-May 09)
21.60%
NFNE Core INFL May 09 (YOY)
16.60%
NFNE Core INFL (Jul-May 09)
17.70%

Economic Indicators
US$ Reserves (Billion)
11.51
GDP Growth FY09E
4.2%
Per Capita Income
$1,085
Population
165.17mn
Trade Deficit (Jul-May 09)
$(15.22)bn
Curr. A/C (Jul-Apr 09)
$(8.55)bn
Remittances (Jul-May 09)
$7.08bn
Foreign Investment (Jul-May 09)
$2.22bn
All Scheduled Banks Deposit Base (June 06, 08)
Rs.4,030bn

Daily Returns and NAVs
as of June 15, 2009
 
Offer
Redemption
POBOP
50.8943/-
50.3854/-
Daily Return
15.14%
POASF
61.75/-
60.21/-
Daily Return
6.07%
POAIF
56.58/-
55.17/-
Daily Return
0.00%
POAIIF
55.7469/-
55.1894/-
Daily Return
8.51%
POAF
11.0068/-
Daily Return
13.91%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Pakistan asks IMF for $4bn to plug budget deficit
‘This facility is insurance, which can be used in case the … [aid]… does not arrive:’ Shaukat Tarin more... (D)

Tax-to-GDP ratio drops from 12 to 9pc
Tax-to-GDP ratio will be boosted to 15pc over the next three years by taxing untaxed sectors, said Shaukat Tarin more... (D)

EU ministers to seek better ties with Pakistan
The European Union should work out ways to improve ties with Afghanistan and Pakistan before the autumn, EU foreign ministers agreed on Monday. At a meeting in Luxembourg, the ministers asked the EU's executive and embryonic diplomatic service to "look at how to further enhance and improve the EU's engagement in Afghanistan, building on existing policies and activities, and report to the council (of EU member states) by October 2009 with further concrete recommendations." more... (BR)

Zardari, Manmohan set to meet today
President, Asif Ali Zardari, and Indian Prime Minister, Manmohan Singh, will meet here on Tuesday on the sidelines of Shanghai Cooperation Organisation summit in an attempt to restart the stalled peace process. The meeting between President Zardari and Prime Minister Manmohan Singh to be held in Yekaterinburg more... (BR)

British Prime Minister announces Iraq war inquiry
British Prime Minister Gordon Brown announced an independent inquiry into the Iraq war Monday, six years after his predecessor Tony Blair controversially backed the US-led invasion. Brown said the probe would not "apportion blame" but simply seek to learn lessons to "strengthen the health of our democracy", while praising the role of British forces in Iraq more... (BR)

Kayani takes part in air operation against militants
The security forces have pounded the hideouts of suspected militants in Bannu as Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani, for the first time in the history of Pakistan, co-piloted the F-16 combat aircraft and targeted militants' hideouts more... (BR)

sector Briefing

HBL out of RBS Pakistan bidding
Habib Bank Limited (HBL) has decided not to participate in the bidding for Royal Bank of Scotland (RBS) Pakistan Limited, and has withdrawn its interest from acquisition. The HBL had expressed interest in acquisition of RBS Pakistan Limited. It was also granted permission by the State Bank of Pakistan (SBP) to conduct due diligence of RBS more... (BR)

PSO seeks immediate release of Rs 50 billion
The Pakistan State Oil (PSO) has requested the government to immediately release Rs 50 billion to enable it to continue to supply fuel in the country. Sources told Business Recorder that it is the second letter which PSO management has written to Petroleum Ministry and to other concerned ministries to bail it out of its financial crisis more... (BR)

KSE members agree to launch different leverage products
The members of Karachi Stock Exchange (KSE), it their meeting held here on Monday agreed that different leverage products should be available at the share market. The meeting attended by around 70 KSE members, who agreed to launch different leverage products including Continuous Funding System (CFS), Margin Financing (MF) and Deliverable Futures (DF) 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