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July 03, 2009

Statistics
KSE 100 Index
Previous Index
7,270.72
Current Index
7,498.34
Change %
3.13%
YTD (CY09)
27.80%
YTD (FY09)
(39.00)%

International Indicates
 
Close
Percentage
BSE-30
14,658.49
0.09%
HANGSENG
18,178.05
(1.09)%
NIKKEI 255
9,876.15
(0.60)%
FTSE
4,234.27
(2.50)%
DJI
8,280.74
(2.63)%
SSEC
3,060.25
1.73%
NASDAQ
1,796.52
(2.67%

S.C.R.A
30-06-2009
2.30
June-09
48.26
YTD
(537.21)

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.47%
KIBOR (6 months)
12.54%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.54
Rs/UK
133.21
Rs/EURO
114.29
Rs/OMAN RIYAL
212.44

commodities
Oil
$66.70/barrel
Oil Change in %
(0.04)%
Gold
$933.40/ounce
Gold Change in %
0.24%

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 27, 08)
Rs.4,120bn

Daily Returns and NAVs
as of July 02, 2009
 
Offer
Redemption
POBOP
-/-
-/-
Daily Return
-%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
-/-
-/-
Daily Return
-%
POAF
-/-
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

IMF seeks key fiscal data: Pakistan-Fund meeting today
The International Monetary Fund (IMF) has requested Pakistani authorities to provide statistics with respect to interest and amortisation payments of major public enterprises, budgetary expenditures, including subsidies, grants, net lending and earthquake-related spending, official sources told Business Recorder on Thursday more... (BR)

FBR collects over Rs 1,150 billion in July-June
The Federal Board of Revenue (FBR) has provisionally collected over and above Rs 1,150 billion during July-June (2008-09) against the downward revised target of Rs 1,179 billion, reflecting a shortfall of Rs 29 billion. According to the FBR revenue collection figures released here on Thursday, the board has collected over Rs 1,150 billion during July-June (2008-09) against Rs 1,007 billion collected during the same period last fiscal year, reflecting increase of over 14 percent more... (BR)

Foreign exchange reserves rise to $11.84bn
The central bank’s reserves edged up to $8.55 billion from $8.45 billion a week earlier more... (D)

Pakistan moves troops to Afghan border
We’ve mustered more troops from the other areas of the border to deploy opposite Helmand: Maj. Gen. Athar Abbas more... (D)

US to consult India closely in fight against extremism
Top US official Robert Blake described Pakistan and Afghanistan as America’s ‘strategic priority.’ more... (D)

Suicide attack on KRL staff bus kills five
Terrorists on Thursday targeted the staff bus of Kahuta Research Laboratory (KRL), near PSO petrol pump at Chuhar Chowk main G T Road Rawalpindi Cantt with the result five persons were killed and more than 29 injured of them seven are in critical condition more... (BR)

sector Briefing

Government to pay Rs6.25bn subsidy on urea import
Last year around this time farmers were facing a double threat of rising urea prices in the international markets and government's failure in containing the black marketing and smuggling of the commodity. Despite the government paid subsidy worth billions of rupees, farmers had to bear the brunt more... (FD)

Tax increases on pharmaceutical inputs: ten multinationals to wind up business
The decision to increase one percent import duty on the import of raw material for drugs has forced some 10 multinational pharmaceutical companies to wind up business in Pakistan more... (BR)

Power tariff to be discussed with IMF
Advisor to Prime Minister on Finance and Economic Affairs, Shaukat Tareen said Thursday that Pakistan will negotiate with IMF, World Bank and other organisations about increased power tariff. Tareen told a private television news channel that the country is facing a shortfall of 3000-4000MW and government is fully alive to the situation and miseries of people created by load-shedding more... (FD)

 
(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