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July 06, 2009

Statistics
KSE 100 Index
Previous Index
7,498.34
Current Index
7,471.28
Change %
(0.36)%
YTD (CY09)
27.40%
YTD (FY09)
(39.20)%

International Indicates
 
Close
Percentage
BSE-30
14,913.05
1.74%
HANGSENG
18,203.40
0.14%
NIKKEI 255
9,816.07
(0.61)%
FTSE
4,236.30
0.05%
DJI
8,280.74
0.00%
SSEC
3,088.37
0.92%
NASDAQ
1,796.52
0.00%

S.C.R.A
03-07-2009
6.93
July-09
10.98
YTD
10.98

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.22%
KIBOR (6 months)
12.37%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.59
Rs/UK
132.87
Rs/EURO
113.67
Rs/OMAN RIYAL
212.54

commodities
Oil
$65.28/barrel
Oil Change in %
(2.17)%
Gold
$930.70/ounce
Gold Change in %
(0.03)%

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 03, 2009
 
Offer
Redemption
POBOP
Book Closure
-/-
Daily Return
-%
POASF
Book Closure
-/-
Daily Return
-%
POAIF
Book Closure
-/-
Daily Return
-%
POAIIF
Book Closure
-/-
Daily Return
-%
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

Single digit inflation soon: Tareen
Advisor to Prime Minister on Finance Shaukat Tareen said on Sunday that the government would succeed in bringing down inflation to single digit this year despite recent increase in petroleum products. Talking to a private television channel, he said domestic prices of petroleum products had been increased after oil prices reached $70 per barrel in the last 45 days more... (FD)

Trade policy to be announced this month: Amin
Commerce Minister Amin Fahim has said that the new trade policy will be announced in the third week of this month. Talking to media at the Fourth Rice Export Trophy Award, organised by Rice Exporters Association of Pakistan (Reap) at a hotel here on Sunday, the minister said that consultations with all chambers were going on to finalise the trade policy more... (BR)

Bhagwandas commission submits report on oil prices
The Rana Bhagwandas judicial commission set up to look into the oil pricing mechanism and soaring trend in the petroleum products since the year 2001 on Friday submitted its final report before the Supreme Court for final decision more... (D)

Disputes among provinces exist in Pakistan: Miliband
British foreign secretary David Miliband has said that terrorism poses the real threat to Pakistan and not India. In an interview to CNN, Miliband replying to a question said Pakistan faces no threat from India. He pledged continued support to Pakistan, saying there are disputes among provinces of Pakistan, resulting from 31 years of military rule off and on more... (BR)

Ban Ki-moon urged to help resolve Kashmir dispute
The APHC leader and Patron of Mahaz-e-Azadi, Muhammad Azam Inqilabi in occupied Kashmir has called upon the Secretary General of United Nations, Ban Ki-moon to help resolve Kashmir dispute in accordance with resolutions of the UN Security Council and aspirations of Kashmir people more... (BR)

sector Briefing

Urea prices jump following rise in gas price
After an increase in gas prices for some of the fertilizer units, all manufacturers have increased their ex-factory urea price by around Rs10 per 50 kilograms more... (D)

Cement units to weather fuel price hike
Higher furnace oil prices may be unfavourable for the broader economy, but contrary to public perception domestic cement industry is rather cushioned against the impact and will not be hurt as much as it is feared, an analysis by BR Research shows more... (BR)

US company offers latest drilling equipment to OGDC
The President of Rig Boss said his company had designed light weight drilling equipment that could be lifted by air 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