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LOGO
June 24, 2009

Statistics
KSE 100 Index
Previous Index
7,057.26
Current Index
7,023.48
Change %
(0.48)%
YTD (CY09)
19.80%
YTD (FY09)
(42.80)%

International Indicates
 
Close
Percentage
BSE-30
14,324.01.
(0.02)%
HANGSENG
17,538.37
(2.90)%
NIKKEI 255
9,549.61
(2.80)%
FTSE
4,230.02
(0.10)%
DJI
8,322.91
(0.19)%
SSEC
2,892.70
(0.12)%
NASDAQ
1,764.92
(0.07)%

S.C.R.A
22-06-2009
34.72
June-09
26.81
YTD
(558.67))

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.80%
KIBOR (6 months)
12.80%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.10
Rs/UK
131.91
Rs/EURO
112.29
Rs/OMAN RIYAL
211.21

commodities
Oil
$68.45/barrel
Oil Change in %
(1.14)%
Gold
$925.50/ounce
Gold Change in %
0.13%

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 23, 2009
 
Offer
Redemption
POBOP
51.1569/-
50.6453/-
Daily Return
174.86%
POASF
62.15/-
60.60/-
Daily Return
175.51%
POAIF
56.76/-
55.34/-
Daily Return
52.84%
POAIIF
55.7998/-
55.2418/-
Daily Return
6.69%
POAF
10.9257/-
Daily Return
81.69%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Talks on IMF third tranche in Istanbul in July
Talks with International Monetary Fund (IMF) for the payment of third tranche of $850 million of standby loan agreement will be held in the first week of July in Istanbul. IMF has linked the payment of third tranche with its conditions, some of which Pakistan had agreed to implement by June 30, and others in the next fiscal budget, sources in Finance Ministry told Business Recorder on Tuesday more... (BR)

Govt borrowing stimulates M2 growth to 7.21pcTFD Report
The growth in money supply further accelerated to 7.21 per cent during the week ended June 13, 2009 as compared to last week's growth of 6.7 per cent and 6.48 per cent as of May 30, 2009 more... (FD)

Call for enhancing Pak-US economic relations
Haroon Rashid, Chairman of Pakistan-US Business Council emphasised on enhancing Pak-US economic relations. Haroon has reservations over the signing of Transit Trade Agreement with Afghanistan which would allow India to use Transit Wagha-Khyber route for trade with Afghanistan . If India is given access to Afghanistan through Wagah their goods will enter Pakistani markets through smuggling by this Transit Trade Agreement more... (BR)

UK must do more to combat militants: Zardari
Britain has to tackle its own issues of deprivation to stop the radicalisation of British Muslims, said the president more... (D)

Pakistan's envoy meets Indian foreign secretary
Shahid Malik called on Shivshankar Menon to set a date for talks between the foreign secretaries of the two countries more... (D)

Obama cautious in condemning Iran
The US president expressed concern that a more prominent US role would play into the Iranian government’s hands more... (D)

sector Briefing

Askari moves to acquire Mybank
The commercial bank has announced its intention to acquire ‘Mybank’ once it gets approval from State Bank more... (D)

Imposition of carbon surcharge: 17 percent hike in POL prices from July 1 likely
The consumers are likely to face 17 percent hike in oil prices after imposition of "carbon surcharge" on petroleum products in place of petroleum development levy (PDL) effective from July 1, 2009. However, the government has decided not to levy "carbon surcharge" in place of PDL on JP-4 and JP-8 and the Finance Ministry has formally conveyed the decision to Petroleum Ministry more... (BR)

KSE delegation gets lukewarm response?
There is an uneasy silence from Adviser Shaukat Tarin and KSE brokers about the meeting between the two parties 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