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June 22, 2009

Statistics
KSE 100 Index
Previous Index
7,051.77
Current Index
7,039.73
Change %
(0.17)%
YTD (CY09)
20.00%
YTD (FY09)
(42.70)%

International Indicates
 
Close
Percentage
BSE-30
14,521.89
1.80%
HANGSENG
17,920.93
0.81%
NIKKEI 255
9,786.26
0.85%
FTSE
4,345.90
1.52%
DJI
8,539.73
(0.19)%
SSEC
2,880.49
0.93%
NASDAQ
1,827.47
1.09%

S.C.R.A
19-06-2009
(4.04)
June-09
(7.92)
YTD
(593.39))

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.89%
KIBOR (6 months)
12.91%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
80.95
Rs/UK
133.62
Rs/EURO
112.87
Rs/OMAN RIYAL
213.85

commodities
Oil
$69.29/barrel
Oil Change in %
(0.37)%
Gold
$933.70/ounce
Gold Change in %
(0.27)%

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)
11.64
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 13, 08)
Rs.4,058bn

Daily Returns and NAVs
as of June 20, 2009
 
Offer
Redemption
POBOP
50.9139/-
50.4048/-
Daily Return
43.03%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
55.7985/-
55.2405/-
Daily Return
6.83%
POAF
10.9112/-
Daily Return
40.26%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Pakistan signs $700m MoU with China
Pakistan signed here on Friday a memorandum of understanding (MoU) with EXIM Bank of China for $700 million to generate electricity through 12 small and medium-sized dams and water reservoirs more... (D)

Rs 24 billion paper guarantees to be floated to bail out oil and power sectors
The government has decided to bailout budgetary imbalances of the oil and power sector due to circular debt by floating Rs 24 billion paper guarantees by the Finance Ministry next week, it is reliably learnt on Saturday. The Finance Ministry has calculated that the total accumulated impact of this paper injection would be Rs 79 billion in terms of circular debt reduction more... (BR)

Profit repatriation down 14.5pc in 11MFY09
Repatriation of profit and dividend by foreign companies and investors has declined sharply as it registered a fall of 14.5 per cent during the first eleven months of the current (2008-09) fiscal year, mainly due to slowdown in local economy more... (FD)

US can help Pakistan defeat extremism: Haqqani
Pakistan’s ambassador to the United States Husain Haqqani has urged continued US support and understanding to help Pakistan become a bulwark against extremism, arguing that assistance for the people of the vital South Asian country would be investment in American security, APP reports more... (D)

Taliban raise money through extortion; al Qaeda re-organise finances
He moved his finger slowly across his throat, to show that the Taliban kill truckers who don't pay for safe passage through large swaths of territory near Afghanistan. ``The situation is very dangerous for us. We give them money or our fuel, or they kill us,' said Ghadr Gul, a middle-aged trucker, who reluctantly spoke to The Associated Press outside his oil tanker more... (BR)

War on terror causing balance of payment problem
Part of the problem is that the US has not reimbursed over $1.2 billion the country has spent on the war on terror more... (D)

sector Briefing

HSD pricing: additional Rs 1.20/litre deemed duty recommended
In addition to giving 'deemed duty' to oil refineries, the subcommittee of Economic Co-ordination Committee (ECC) of the Cabinet, as per ex-refinery oil pricing formula, has recommended to provide additional amount of Rs 1.20 per litre on high speed diesel (HSD) to recover the cost of hydro-desulphurisation (HDS) project for upgrading of petroleum products more... (BR)

Carbon tax on kerosene oil, diesel may be abolished: Hina
State Minister for Finance and Economic Affairs Hina Rabbani Khar on Saturday said that the government is considering to abolish carbon surcharge levied on kerosene oil and diesel in the recent budget. Briefing Senators in the upper house, she said that members from both Senate and National Assembly have expressed serious concern over the issue more... (BR)

Imported urea distribution for Kharif: industries asked to remove Punjab and Sindh complaints
The Industries Ministry has reportedly been directed by the Cabinet to remove complaints of Punjab and Sindh governments with regard to distribution of imported urea fertiliser for Kharif crops, official sources told 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