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July 22, 2009

Statistics
KSE 100 Index
Previous Index
7,710.64
Current Index
7,782.23
Change %
0.93%
YTD (CY09)
32.70%
YTD (FY10)
8.70%

International Indicates
 
Close
Percentage
BSE-30
15,062.49
(0.85)%
HANGSENG
19,501.73
(0.64)%
NIKKEI 255
9,652.02
2.70%
FTSE
4,481.17
0.85%
DJI
8,915.94
0.77%
SSEC
3,266.92
1.67%
NASDAQ-100
1,916.20
0.36%

S.C.R.A
20-07-2009
1.083
July-09
25.559
YTD
25.559

Money Market Updates
Tbill Cut-off
 
1 year
11.47%
6 month
11.38%
KIBOR (3 months)
11.75%
KIBOR (6 months)
11.91%
PIB (10 years)
11.65%

Exchange Rates
Rs/US
82.00
Rs/UK
135.36
Rs/EURO
116.49
Rs/OMAN RIYAL
213.82

commodities
Oil
$65.15/barrel
Oil Change in %
(0.70)%
Gold
$948.50/ounce
Gold Change in %
0.17%

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)
17.60%

Economic Indicators
US$ Reserves (Billion)
12.24
GDP Growth FY09E
2.0%
Per Capita Income
$1,046
Population
166.92mn
Trade Deficit (Jul-Jun 09)
$(17.04)bn
Curr. A/C (Jul-Jun 09)
$(8.86)bn
Remittances (Jul-May 09)
$7.81bn
Foreign Investment (Jul-May 09)
$2.67bn
All Scheduled Banks Deposit Base (July 11, 09)
Rs.4,127bn

Daily Returns and NAVs
as of July 21, 2009
 
Offer
Redemption
POBOP
51.4144/-
50.9003/-
Daily Return
(33.06)%
POASF
54.29/-
52.93/-
Daily Return
117.61%
POAIF
53.54/-
52.20/-
Daily Return
175.65%
POAIIF
51.9511/-
51.4316/-
Daily Return
7.51%
POAF
11.0035/-
Daily Return
10.46%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

Govt asks IMF to up 3rd tranche by $1bn
Government of Pakistan has requested the International Monetary Fund (IMF) to increase its third loan instalment by $1 billion. If IMF agrees to give Pakistan this additional amount in its meeting on August 7, then the third tranche will be swelled to $1.848 billion, sources told The Financial Daily Tuesday.IMF officials were not immediately available for comment more... (FD)

75 percent decline in US investment in fiscal year 2009
The investment from United State of America (USA) in Pakistan posted a decline of 75 percent in fiscal year 2008-09 mainly due to global economic meltdown, followed by US sub prime mortgage crisis. USA investment in Pakistan was gradually increasing, as Pakistan is the strategic partner of USA in war against terrorism for last seven years more... (BR)

Deliverable Futures Contracts may be introduced from July 27
The Deliverable Futures Contracts are most likely to be re-introduced at Karachi Stock Exchange (KSE) from July 27, 2009, it is learnt. Sources told Business Recorder on Tuesday that the Securities and Exchange Commission of Pakistan (SECP) was expected to approve the re-launching of this product in the next one or two days more... (BR)

Hillary urges India to help Pakistan fight terrorism
Helping Pakistan fight terrorism would enhance India’s stature as a global power, said the US Secretary of State more... (D)

Military operations in Swat, Buner and Lower Dir: MPC satisfied with Outcome
The Malakand Policy Council (MPC) in NWFP met under the chairmanship of Governor NWFP, Owais Ahmed Ghani, at Governor's House, Peshawar, on Tuesday, and expressed satisfaction over the outcome of the actions taken to restore the writ of the government in the division, especially in its Swat, Buner and Lower Dir districts more... (BR)

Qureshi to lead delegation to 16th ASEAN Forum
Foreign Minister, Shah Mahmood Qureshi will lead a delegation to the 16th ASEAN Regional Forum (ARF), where he will apprise the member nations of the military operations in Swat and adjoining areas, besides, he will brief them on government's efforts to rehabilitate the internally displaced persons more... (BR)

sector Briefing

Rs three billion PDCs of PSO released
The Finance Ministry has released Rs 3 billion price differential claims (PDCs) of Pakistan State Oil for opening Letter of Credit for import of oil to meet the country's requirements. The Finance Ministry has released money after PSO management warned that the country would be facing fuel shortage from July 22 if the government did not immediately release Rs 30 billion to clear dues of oil refineries and international fuel suppliers more... (BR)

Separate price of HSD: Ministry rejects OMCs' demand
The Petroleum Ministry has turned down the demand of new entrants in Oil Marketing Companies (OMCs) to fix separate price of High Speed Diesel (HSD) to protect them against margin loss. At present, all OMCs follow the price of HSD announced by Pakistan State Oil (PSO) and new OMCs had approached the government requesting to fix separate price for them more... (BR)

President and Prime Minister take action against KESC
Prime Minister Syed Yusuf Raza Gilani Tuesday night called on President Asif Ali Zardari in the Presidency and discussed a host of issues including the power outages in Karachi and other parts of the country. The meeting took serious notice of the frequent power breakdowns in Karachi and the failure of the utility to meet the challenge particularly in the wake of rains 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