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June 25, 2009

Statistics
KSE 100 Index
Previous Index
7,023.48
Current Index
7,025.89
Change %
0.03%
YTD (CY09)
19.80%
YTD (FY09)
(42.80)%

International Indicates
 
Close
Percentage
BSE-30
14,422.73.
0.69%
HANGSENG
17,892.15
2.00%
NIKKEI 255
9,590.32
0.40%
FTSE
4,279.98
1.18%
DJI
8,299.86
(0.28)%
SSEC
2,922.30
1.02%
NASDAQ
1,792.34
1.55%

S.C.R.A
23-06-2009
1.12
June-09
27.92
YTD
(557.55)

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.78%
KIBOR (6 months)
12.79%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.20
Rs/UK
133.69
Rs/EURO
114.39
Rs/OMAN RIYAL
211.82

commodities
Oil
$68.65/barrel
Oil Change in %
(0.03)%
Gold
$935.90/ounce
Gold Change in %
0.16%

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 20, 08)
Rs.4,052bn

Daily Returns and NAVs
as of June 24, 2009
 
Offer
Redemption
POBOP
51.1644/-
50.6528/-
Daily Return
5.55%
POASF
62.04/-
60.49/-
Daily Return
(66.25)%
POAIF
56.75/-
55.33/-
Daily Return
(6.60)%
POAIIF
55.8098/-
55.2517/-
Daily Return
6.76%
POAF
10.9319/-
Daily Return
23.01%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

US Senate approves bill to triple aid to Pakistan
The Senate approved tripling US aid to Pakistan to about $1.5 billion a year for each of the next five years more... (D)

Rehabilitation of sick units: SECP lowers offer size to 62.5 percent voting shares
The Securities and Exchange Commission of Pakistan has lowered the mandatory offer size from 90 percent of the voting shares of the 'Target Company' to 62.5 percent for rehabilitation of sick units. The SECP has implemented the decision through amendments to the Listed Companies (Substantial Acquisition of Voting Shares and Take-overs) Regulations, 2008 (Take-over Regulations) here on Wednesday more... (BR)

No IMF tranche if power subsidy stays
PM to review subsidy on electricity Cut motion on grants for Petroleum Ministry rejected NA nods Rs10bn grant for foreign affairs Grant for industries, investment promotion approved more... (FD)

US security adviser meets army chief
Gen Jones is in Islamabad to discuss the troop surge in Afghanistan and encourage Pakistan to intensify military operations more... (D)

Bid to attack Parliament foiled: Malik
The vigilant law enforcement agencies have foiled a bid to attack Parliament and security agencies after they arrested two suicide bombers from Islamabad during the last two days, said Rehman Malik, Federal Interior Minister here on Wednesday. "Two suicide bombers have been arrested during the last two days in Islamabad, one had plan to attack the parliament and other on a secret agency office complex," Rehman Malik told the National Assembly more... (BR)

sector Briefing

Rs 10 billion bridge financing to BoP: ECC violates own decision
The Economic Co-ordination Committee (ECC) of the Cabinet is reported to have violated its own decision to provide Rs 10 billion bridge financing to the financially weak Bank of Punjab (BoP), which has been provided Rs 10 billion bridge financing by the State Bank of Pakistan (SBP), sources told Business Recorder more...

Inability to supply oil to PSO: Finance takes notice of Attock Group attitude
The Finance Ministry has taken serious notice of threatening posture of Attock Oil Refinery Group, that shows its inability every now and then to supply fuel to Pakistan State Oil (PSO) if there is slight delay in payment of dues more... (BR)

Foreign company acquires major stake in Pioneer
Pioneer Cement Company informed the Karachi Stock Exchange that it had sold 24.6pc shares to the company more... (D)

No plan to privatise OGDCL in near future, National Assembly told
Responding to an objection, Federal Minister for Privatisation Syed Naveed Qamer informed the National Assembly on Wednesday that Oil and Gas Development Company Limited (OGDCL) is not among the entities to be privatised in the near future. He stated this while winding up discussion over the cut motions, moved by the opposition lawmakers against the allocations for certain ministries 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