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July 08, 2009

Statistics
KSE 100 Index
Previous Index
7,538.49
Current Index
7,549.37
Change %
0.14%
YTD (CY09)
28.70%
YTD (FY09)
(38.60)%

International Indicates
 
Close
Percentage
BSE-30
14,170.45
0.90%
HANGSENG
17,862.27
(0.65)%
NIKKEI 255
9,647.97
(0.34)%
FTSE
4,187.00
(0.19)%
DJI
8,163.60
(1.94)%
SSEC
3,089.45
(1.13)%
NASDAQ
1,746.17
(2.31)%

S.C.R.A
06-07-2009
3.05
July-09
14.03
YTD
14.03

Money Market Updates
Tbill Cut-off
 
1 year
12.24%
6 month
12.43%
KIBOR (3 months)
12.09%
KIBOR (6 months)
12.29%
PIB (10 years)
12.63%

Exchange Rates
Rs/US
81.65
Rs/UK
132.51
Rs/EURO
113.78
Rs/OMAN RIYAL
212.80

commodities
Oil
$62.23/barrel
Oil Change in %
(1.11)%
Gold
$923.00/ounce
Gold Change in %
(0.66)%

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 07, 2009
 
Offer
Redemption
POBOP
51.1460/-
50.6345/-
Daily Return
N/A
POASF
54.10/-
52.75/-
Daily Return
N/A
POAIF
53.50/-
52.16/-
Daily Return
N/A
POAIIF
51.8016/-
51.2836/-
Daily Return
N/A
POAF
10.8702/-
Daily Return
38.52%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

IMF supports carbon surcharge, says Ross
The International Monetary Fund (IMF) fully supports the carbon surcharge on petroleum products. In answer to a Business Recorder question with regard to imposition of carbon surcharge on POL products in 2009-10 budget, the Resident Representative of IMF in Pakistan, Ross Paul, said that the carbon surcharge will be a reliable revenue source for the budget and will support needed expenditure increases notably on social and development spending as well as support for internally displaced persons more... (BR)

100th position among 121 world economies: Pakistan slips back in Enabling Trade Index ranking
Pakistan lost 16 places in the Enabling Trade Index ranking and was at 100th position among 121 world economies featured in the Global Enabling Trade Report 2009 of the World Economic Forum, while East Asian economies including Hong Kong and Singapore occupied the top two slots more... (BR)

Bhasha dam consultant not coming due to security risk
The Water and Power Development Authority (Wapda) is in a state of shock over the multi-billion dollars Diamer Bhasha dam, as a Portuguese consultant firm, LNEC, has refused to land in Pakistan due to security risk, official documents and sources told Business Recorder. The government has earmarked Rs 4 billion in the 2009-10 federal budget for the 4,500 megawatts Diamer Basha dam project more... (BR)

Power troika holds third meeting in a week
As meetings between Gilani, Zardari and Kayani increase, a major development may be in the offing more... (D)

Pak army capable of defeating militants
Mullen ‘I’m very encouraged by what I see, based on their recent operations in Swat, and before that, in Mohmand, Buner and Bajaur.’ more... (D)

UK has long-term security relations with Pak: Miliband
United Kingdom Foreign Secretary David Miliband said that his government shares Pakistan’s concerns and the difficulties it faces as a result of massive displacement of the people after the army operation launched against the Taliban in the Malakand division more... (D)

sector Briefing

Carbon surcharge on POL products suspended by Supreme Court
The Supreme Court on Tuesday suspended the operation of notification issued by the Oil and Gas Regulatory Authority (Ogra) on June 30/July 1 pertaining to imposition of 'carbon surcharge' on petroleum products. The court directed the Ogra to issue a fresh notification in compliance with the orders of the court more... (BR)

KESC privatisation: PC refuses public disclosure
The Privatisation Commission (PC) is reported to have refused to make public the deal to sell Karachi Electric Supply Corporation (KESC), with the argument that public disclosure may result in complications in future transactions, especially in the power sector, according to official documents available with Business Recorder more...

PSO buys 390,000 tonnes HSFO for July-September
Pakistan State Oil (PSO) has bought via tender 390,000 tonnes of high-sulphur fuel oil (HSFO) for July-September delivery from FAL Oil and Bakri, at premiums similar to previous deals, traders said on Tuesday. PSO has also purchased 100,000 tonnes of low-sulphur fuel oil (LSFO), and another optional 100,000 tonnes, from FAL, for July-September delivery, traders said 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