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June 29, 2009

Statistics
KSE 100 Index
Previous Index
7,128.83
Current Index
7,163.04
Change %
0.48%
YTD (CY09)
22.10%
YTD (FY09)
(41.70)%

International Indicates
 
Close
Percentage
BSE-30
14,764.64.
2.92%
HANGSENG
18,600.26
1.78%
NIKKEI 255
9,877.39
0.83%
FTSE
4,241.00
(0.27)%
DJI
8,438.39
(0.40)%
SSEC
2,928.21
0.11%
NASDAQ
1,838.22
0.47%

S.C.R.A
26-06-2009
9.95
June-09
36.73
YTD
(548.74)

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.77%
KIBOR (6 months)
12.77%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.57
Rs/UK
134.16
Rs/EURO
114.11
Rs/OMAN RIYAL
212.07

commodities
Oil
$68.76/barrel
Oil Change in %
(0.58)%
Gold
$937.40/ounce
Gold Change in %
(0.38)%

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 26, 2009
 
Offer
Redemption
POBOP
51.1241/-
50.6129/-
Daily Return
(52.76)%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
55.4144/-
54.8603/-
Daily Return
(93.45)%
POAF
N/A/-
Daily Return
-%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

ADB provides $500 million for poverty safety nets
The Asian Development Bank would provide $500 million to Pakistan to assist the government in macroeconomic stability efforts and fund a targeted safety net program for the poor more... (D)

Withdrawal of subsidy: Sindh Assembly for linking move with adequate power supply
Sindh Assembly, through a joint resolution on Saturday, demanded of the federal government not to withdraw subsidy on power tariff until adequate electricity is made available by Karachi Electric Supply Company (KESC), Hyderabad Electric Supply Company (Hesco) and other electricity providers more... (BR)

Upcoming trade policy 2009-10: government mulling introducing hedge fund
Based on Kibor mark-up rate, the government is considering a proposal to introduce Hedge Fund in the Trade Policy 2009-10 to facilitate exporters through export refinance facility. Under the scheme, if the mark-up rate, which is yet to be determined, goes up, the exporters would get the difference, but they would also be bound to pay back if mark-up goes down more... (BR)

Talks without Kashmir won't bring peace: Gilani
‘Kashmir is a core issue and its resolution is necessary for durable regional peace,’ said the premier more... (D)

Petraeus meets Kayani
General David H. Petraeus, Commander US CENTCOM, who was on a day long official visit to Pakistan, met Chief of Army Staff, General Ashfaq Parvez Kayani at the General Headquarters on Sunday. According to ISPR, matters of mutual interest were discussed during the meeting more... (BR)

US to encourage Pak-India dialogue: Blake
The United States will support a dialogue between India and Pakistan to promote regional stability but will leave it to the two countries to chart their own course of action, says the Obama administration’s pointsman for South Asia more... (D)

sector Briefing

Repair work in NRL: PSO suspends fuel supply to airlines
The Pakistan State Oil (PSO) has temporarily suspended fuel supply to many airlines, including Pakistan International Airlines (PIA), for the want of JP-1 fuel. A private news channel, quoting PSO sources, said that the fuel shortage was due to the annual repair work on National Refinery, which would be completed soon more... (BR)

New textile policy with long-term vision shortly: Gilani
The textile sector of the country plays pivotal role in the country's economy and the government is committed to giving it due attention. Prime Minister Syed Yousuf Raza Gilani stated this at the launching ceremony of the Infrastructure Development of Pakistan Textile City at Port Qasim Industrial Area, here on Saturday more... (BR)

$16.297 million foreign portfolio investment recorded during week
A fresh inflow of $16.297 million of foreign portfolio investment was recorded in the country's equity market in the week ended on June 26, 2009. This was the second consecutive week that witnessed fresh inflow from offshore investors. According to National Clearing Company of Pakistan Limited (NCCPL) data, the net outflow of this mode of investment declined to $268,513 in the current month after the fresh inflow recorded during the week 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