BasedLine
LOGO
July 14, 2009

Statistics
KSE 100 Index
Previous Index
7,502.66
Current Index
7,684.65
Change %
2.43%
YTD (CY09)
31.00%
YTD (FY09)
(37.50)%

International Indicates
 
Close
Percentage
BSE-30
13,400.32
(0.77)%
HANGSENG
17,254.63
(2.56)%
NIKKEI 255
9,050.33
(2.55)%
FTSE
4,202.13
1.82%
DJI
8,331.68
2.27%
SSEC
3,080.56
(1.07)%
NASDAQ
1,793.21
2.12%

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)
11.77%
KIBOR (6 months)
12.02%
PIB (10 years)
11.55%

Exchange Rates
Rs/US
82.45
Rs/UK
132.77
Rs/EURO
114.69
Rs/OMAN RIYAL
214.60

commodities
Oil
$60.25/barrel
Oil Change in %
0.94%
Gold
$919.90/ounce
Gold Change in %
(0.28)%

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 13, 2009
 
Offer
Redemption
POBOP
51.3598/-
50.8462/-
Daily Return
(2.10)%
POASF
53.98/-
52.63/-
Daily Return
34.78%
POAIF
53.42/-
52.08/-
Daily Return
28.10%
POAIIF
51.8686/-
51.3499/-
Daily Return
7.52%
POAF
10.9383/-
Daily Return
16.05%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Monetary policy on July 25
The State Bank of Pakistan will announce monetary policy on July 25, 2009 and analysts say that there will be further cut in interest rate as the inflation is constantly on the decline. "The central bank would issue Monetary Policy Statement (MPS) for the July-September quarter on 25th of this month," said Syed Wasimuddin, chief spokesman of the SBP more... (BR)

Fate of $840 million IMF tranche to be decided on August 7
The fate of next $840 million International Monetary Fund tranche will be decided on August 7 when the Fund Board would meet to review Pakistan's economic performance and budget initiatives. The instalment Pakistan desperately needed was due on June 30. Secretary Finance Salman Siddique told media that the IMF Board would meet on August 7 in Washington to review Pakistan's economic performance and budget initiatives more... (BR)

Government unable to achieve revised export target
The government has not been able to achieve even the revised export target of $19.2 billion as it could hardly touch the $17.781 billion figure by the close of 2008-09. The trade figures released here on Monday by the Federal Bureau of Statistics for full year 2008-09 show that total exports of the country remained $17.781 billion with a whopping trade deficit of $17.040 billion for the year more... (BR)

First batch of IDPs leaves for Swat
The repatriation of the internally displaced persons (IDPs) from Malakand division was started on Monday with the departure of 200 families in Jalozai IDPs camp for home in district Swat. A convoy of 15 buses and 10 trucks left for district Swat, while 24 other IDPs families reportedly arranged transport on their own. The government has divided the repatriation process of IDPs into three phases more... (BR)

Gilani leaves for Egypt today
Prime Minister Syed Yousuf Raza Gilani will leave on Tuesday for Sharm el Sheikh, to represent Pakistan at the 15th Summit of Non-Aligned Movement (NAM), besides holding a key meeting with Indian Prime Minister on the sidelines more... (BR)

Britain may send more troops to Afghanistan
Amid rising toll of British troops in Afghanistan and the media increasingly questioning the goal and strategy of its government in the war-torn country, the UK is reportedly contemplating sending thousands more troops into Afghanistan within months under an emergency review of the mission being carried out by the Ministry of Defence more... (D)

sector Briefing

KSE board may okay re-launching of deliverable futures in 10 scrips
The board of directors of Karachi Stock Exchange (KSE) in its meeting scheduled for Tuesday, July 14 is likely to approve re-launching of deliverable futures in 10 scrips, sources said. The issue of the five suspended KSE members is also on the agenda and the board is also likely to take any decision in this regard more... (BR)

Farmers want urea at fixed price
The Sindh Chamber of Agriculture demanded on Sunday that the government should supply urea fertiliser at fixed rates directly to farmers more... (D)

Fiscal year 2009 a turbulent year for local car assemblers
The sales of locally-assembled cars have declined by 50 percent on year-on-year basis to 74,180 units in FY09 as compared to 147,441 units in FY08. The auto sales (cars + LCVs) have also registered a decline of 47 percent to 98,507 units in this period against 187,412 units a year ago 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