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July 13, 2009

Statistics
KSE 100 Index
Previous Index
7,430.01
Current Index
7,502.66
Change %
0.98%
YTD (CY09)
27.90%
YTD (FY09)
(38.90)%

International Indicates
 
Close
Percentage
BSE-30
13,504.22
(1.84)%
HANGSENG
17,708.42
(0.46)%
NIKKEI 255
9,287.28
(0.04)%
FTSE
4,127.20
(0.76)%
DJI
8,146.52
(0.45)%
SSEC
3,113.93
(0.29)%
NASDAQ
1,756.03
0.20%

S.C.R.A
10-07-2009
(0.09)
July-09
17.20
YTD
17.20

Money Market Updates
Tbill Cut-off
 
1 year
12.09%
6 month
12.01%
KIBOR (3 months)
11.80%
KIBOR (6 months)
12.07%
PIB (10 years)
11.55%

Exchange Rates
Rs/US
82.17
Rs/UK
132.36
Rs/EURO
113.83
Rs/OMAN RIYAL
213.04

commodities
Oil
$59.27/barrel
Oil Change in %
(1.04)%
Gold
$911.70/ounce
Gold Change in %
(0.09)%

Inflation
CPI Gen. Jun 09(YOY)
13.10%
CPI Gen. (Jul-Jun 09)
20.80%
NFNE Core INFL Jun 09 (YOY)
15.90%
NFNE Core INFL (Jul-Jun 09)
15.90%

Economic Indicators
US$ Reserves (Billion)
12.27
GDP Growth FY09E
4.2%
Per Capita Income
$1,046
Population
166.86mn
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 (July 04, 09)
Rs.4,157bn

Daily Returns and NAVs
as of July 11, 2009
 
Offer
Redemption
POBOP
51.3658/-
50.8521/-
Daily Return
32.98%
POASF
-/-
-/-
Daily Return
-%
POAIF
-/-
-/-
Daily Return
-%
POAIIF
51.8480/-
51.3295/-
Daily Return
9.69%
POAF
10.9294/-
Daily Return
379.53%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Third IMF tranche hangs in the balance
The fate of the $850mn tranche is in doubt after ‘inconclusive’ talks between a Pakistani delegation and the Fund more... (D)

Remittances for 2008/09 at record $7.8 bln
Pakistan received a record $7.811 billion in remittances from overseas nationals in the 2008/09 fiscal year that ended on June 30, the State Bank of Pakistan said on Friday more... (D)

Bhasha Dam project: security to contractors, consultants assured
The government will provide foolproof security to contractors, consultants and the work force at the site of Diamer Bhasha Dam project and all possible steps are being taken for this purpose more... (BR)

Indian envoy met ISI chief, says Singh
India’s envoy in Pakistan Sharat Sabharwal has met the ISI chief Lt-Gen Ahmed Shuja Pasha among other senior officials in Islamabad to try to revive the stalled peace talks, the main obstacle being alleged Pakistani fingerprints on cross-border terrorism, Prime Minister Manmohan Singh has said more... (D)

Meeting with Singh in Egypt: Gilani takes political leaders into confidence
Prime Minister Syed Yousuf Raza Gilani on Sunday telephoned PML-N Quaid Mian Mohammad Nawaz Sharif and the leaders of major political parties in the country and took them into confidence regarding his upcoming meeting with the Indian Prime Minister on the sidelines of NAM Summit in Egypt more... (BR)

Drone-fires futile; Osama not in Pak: MalikNo mercy, no negotiation. They (militants) must surrender or die
Osama bin Laden and the top al Qaeda leadership are not in Pakistan, making US missile attacks against them futile, according to the country's interior minister more... (FD)

sector Briefing

Ogra to monitor furnace oil prices, refineries' margins:
OMCs to get at least four percent margin
The government has decided to monitor furnace oil prices and refineries' profitability through Oil and Gas Regulatory Authority (Ogra), besides allowing the oil marketing companies (OMCs) a minimum margin of 4 percent of the weighted average cost, official sources told Business Recorder more... (BR)

Government to import 0.7 million tons of fertiliser
The government will import 0.7 million tons fertiliser to meet the demand of growers. The fertiliser would be sold out to growers in a transparent manner through 600 dealers under the supervision of DCOs and DDOs (Revenue) so that the stockists could not enter into the business, sources of ministry of industries and production told APP on Sunday more... (BR)

IMF allows respite on power subsidy condition
Pakistan has persuaded the IMF to waive for six months a condition under which subsidy on electricity was to be removed 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