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July 09, 2009

Statistics
KSE 100 Index
Previous Index
7,549.37
Current Index
7,476.11
Change %
(0.97)%
YTD (CY09)
27.50%
YTD (FY09)
(39.20)%

International Indicates
 
Close
Percentage
BSE-30
13,769.15
(2.83)%
HANGSENG
17,721.07
(0.80)%
NIKKEI 255
9,420.75
(2.40)%
FTSE
4,140.23
(1.12)%
DJI
8,178.41
0.18%
SSEC
3,080.77
(0.28)%
NASDAQ
1,747.17
0.06%

S.C.R.A
07-07-2009
2.51
July-09
16.54
YTD
16.54

Money Market Updates
Tbill Cut-off
 
1 year
12.09%
6 month
12.01%
KIBOR (3 months)
12.01%
KIBOR (6 months)
12.23%
PIB (10 years)
11.55%

Exchange Rates
Rs/US
81.71
Rs/UK
131.04
Rs/EURO
113.26
Rs/OMAN RIYAL
213.05

commodities
Oil
$60.83/barrel
Oil Change in %
1.15%
Gold
$913.00/ounce
Gold Change in %
0.41%

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)
11.84
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 08, 2009
 
Offer
Redemption
POBOP
51.1657/-
50.6540/-
Daily Return
15.09%
POASF
53.85/-
52.50/-
Daily Return
(172.99)%
POAIF
53.30/-
51.97/-
Daily Return
(132.96)%
POAIIF
51.8117/-
51.2936/-
Daily Return
7.38%
POAF
10.8740/-
Daily Return
13.72%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

SC order may affect IMF tranche
The order to suspend the imposition of carbon tax on petroleum products may delay the third tranche of an IMF loan more... (D)

$10 billion investment target in sight
Federal Minister for Investment Waqar Ahmed said that the ministry would achieve the target by the year-end more... (D)

Oil pricing mechanism: Commission submits report to Supreme Court
The Judicial Commission, established by the Supreme Court of Pakistan, to look into the oil pricing mechanism, submitted its findings to the court and made short-, medium- and long-term recommendations that an expert body be put in place for oil policy-making and price fixation, from time to time more... (BR)

Pakistan's sacrifices widely recognised: Miliband
Britain is playing its role to mitigate the hardship and strengthen the country’s economy: British Foreign Secretary more... (D)

Sarkozy will visit Pakistan by year end
Pakistan is a nuclear power and we cannot allow it to fall into terrorist hands: French president more... (D)

Petrol, diesel prices hiked through presidential ordinance
Petroleum products’ prices were earlier reduced following the suspension of carbon surcharge by the SC on Tuesday more... (D)

sector Briefing

Nepra reduces KESC tariff by 13 paisa per unit
The National Electric Power Regulatory Authority (Nepra) has reduced power tariff of Karachi Electric Supply Company Limited (KESC) by 13 paisa per unit, across the board, except on agriculture consumers and lifeline consumers using up to 50 units per month. The revised tariff is to be implemented from July 1, 2009. This adjustment in tariff is based on variation in fuel price and cost of power purchased during the quarter January to March 2009 more... (BR)

Thar coal mining block-II: Sindh government, Engro Chemicals agree to form joint venture
Sindh government and Engro Chemicals Limited have agreed to form a joint venture (JV) for Thar coal mining block-II with an equity ratio of 40:60 between the two partners, informed sources in provincial government told Business Recorder on Wednesday. An agreement to this effect has been reached between the proposed partners at a meeting on June 1 more... (BR)

Ministry gives protection to KESC in 'Amended Agreement': PC sidelined
The Privatisation Commission of Pakistan has been sidelined by the Ministry of Water and Power in the 'Amended Agreement' with Karachi Electric Supply Company (KESC) to protect the public utility in increasing the tariff and other facilities it is enjoying 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