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June 17, 2009

Statistics
KSE 100 Index
Previous Index
6,953.09
Current Index
6,872.96
Change %
(1.15)%
YTD (CY09)
17.20%
YTD (FY09)
(44.10)%

International Indicates
 
Close
Percentage
BSE-30
14,957.91
0.55%
HANGSENG
17,859.74
(1.80)%
NIKKEI 255
9,752.88
(2.86)%
FTSE
4,328.57
0.06%
DJI
8,504.67
(1.25)%
SSEC
2,776.02
(0.49)%
NASDAQ
1,796.18
(1.11)%

S.C.R.A
15-06-2009
1.16
June-09
(0.72)
YTD
(586.19)

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
80.95
Rs/UK
131.64
Rs/EURO
111.75
Rs/OMAN RIYAL
211.72

commodities
Oil
$70.38/barrel
Oil Change in %
(0.13)%
Gold
$935.50/ounce
Gold Change in %
0.35%

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-May 09)
$(8.22)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 16, 2009
 
Offer
Redemption
POBOP
50.9203/-
50.4111/-
Daily Return
20.46%
POASF
61.64/-
60.10/-
Daily Return
(66.68)%
POAIF
56.43/-
55.02/-
Daily Return
(99.24)%
POAIIF
55.7555/-
55.1979/-
Daily Return
5.78%
POAF
11.0089/-
Daily Return
7.21%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Talks with IMF in Dubai on June 28: Tarin briefs Senate body on budget
The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that talks with International Monetary Fund (IMF) will be held on June 28 in Dubai to review the economic performance of Pakistan along with budgetary measures taken to increase revenue collection in the next fiscal year before the release of third tranche more... (BR)

Foreign investment declines by 47 percent in 11 months
Net foreign investment has declined by 47 percent during the first 11 months of the current fiscal year mainly due to massive outflow of the portfolio investment and poor law and order situation. Net foreign investment comprising foreign direct investment (FDI) and portfolio investment is constantly on the decline due to worsening law and order situation, slow economic activities and global recession more... (BR)

July-May current account deficit down 34 percent
The country's current account deficit has reduced by 34 percent to 8.2 billion dollars during the first 11 months (July-May) of current fiscal year primarily driven by massive decline in trade and services deficit and rising trend in the remittances more... (BR)

Pakistan and India leaders hold first talks since Mumbai
The eight-month long Pakistan-India stalled peace process got a fresh lease of life as President Asif Ali Zardari and Indian Prime Minister met here on the sidelines of the Shanghai Co-operation Organisation (SCO) meeting. The two agreed for their Foreign Secretaries to meet on "mutually convenient dates", to be followed by another meeting of the two leaders on the sidelines of the Non-Aligned Movement Summit in Egypt coming July more... (BR)

Clinton may visit Pakistan next month
US Secretary may also come to Pakistan after visiting India next month, says Holbrooke more... (D)

Forces given green signal for operation against Mehsud
The government has decided in principle to launch a military operation against chief of the Tehreek-e-Taliban Pakistan (TTP) Baitullah Mehsud and the armed forces have received the requisite orders to launch the operation more... (BR)

sector Briefing

OMCs raise furnace oil price by Rs 4,000 per tonne
The Oil Marketing Companies (OMCs) have announced increase in furnace oil price by Rs 4,000 per tonne, dealers said. The OMCs on Monday officially announced changes in furnace oil price and started supply of furnace oil on new rates with immediate effect, they added more... (BR)

17 percent power tariff raise plan: Prime Minister expresses reservations
Prime Minister Yousaf Raza Gilani on Tuesday expressed reservations about the plan to increase power tariff by 17 percent across the board under the Letter of Intent (LoI) signed with the International Monetary Fund (IMF) until people were provided electricity, sources told Business Recorder more...

Oil refinery at Port Qasim: Prime Minister for early finalisation of MoU
Prime Minister Syed Yousuf Raza Gilani directed the Ambassador-Designate to Kuwait to work for an early finalisation of MoU signed during the Amir of Kuwait's visit to Pakistan in 2006 for setting up an oil refinery at Port Qasim(PQ) and development of recreationary facilities in Islamabad 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