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July 27, 2009

Statistics
KSE 100 Index
Previous Index
7,863.86
Current Index
7,783.40
Change %
(1.02)%
YTD (CY09)
35.29%
YTD (FY10)
7.05%

International Indicates
 
Close
Percentage
BSE-30
15,378.96
0.97%
HANGSENG
19,982.79
0.83%
NIKKEI 255
9,944.55
1.54%
FTSE
4,576.60
0.37%
DJIA
9,093.24
0.26%
SSEC
3,372.60
1.35%
NASDAQ-100
1,599.06
(0.15)%

S.C.R.A
24-07-2009
2.433
July-09
0.862
YTD
0.862

Money Market Updates
Tbill Cut-off
 
1 year
11.47%
6 month
11.38%
KIBOR (3 months)
11.74%
KIBOR (6 months)
11.88%
PIB (10 years)
11.60%

Exchange Rates
Rs/US
82.58
Rs/UK
135.39
Rs/EURO
117.05
Rs/OMAN RIYAL
216.15

commodities
Oil
$68.82/barrel
Oil Change in %
2.59%
Gold
$957.80/ounce
Gold Change in %
0.52%

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)
11.85
GDP Growth FY09E
2.0%
Per Capita Income
$1,046
Population
166.97mn
Trade Deficit (Jul-Jun 09)
$(17.04)bn
Curr. A/C (Jul-Jun 09)
$(8.86)bn
Remittances (Jul-Jun 09)
$7.81bn
Foreign Investment (Jul-Jun 09)
$2.67bn
All Scheduled Banks Deposit Base (July 11, 09)
Rs.4,127bn

Daily Returns and NAVs
as of July 25, 2009
 
Offer
Redemption
POBOP
51.4929/-
50.9780/-
Daily Return
(7.64)%
POASF
54.35/-
52.99/-
Daily Return
(6.89)%
POAIF
53.75/-
52.41/-
Daily Return
6.97%
POAIIF
51.9938/-
51.4739/-
Daily Return
6.74%
POAF
11.00/-
Daily Return
(59.86)%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

National Finance Commission reconstituted: Hina out; Tarin may be brought in
President Asif Ali Zardari on Saturday reconstituted the National Finance Commission withdrawing the name of Hina Rabbani Khar, State Minister for Finance due to opposition by smaller provinces. With the exclusion of Hina's name, the total more... (BR)

29 percent exports growth projected: trade policy today
Commerce Minister Amin Fahim is unveiling three years 2009-12 Strategic Trade Policy Framework (STPF) today according to which 29 percent in exports growth will be projected ie 6 percent in 2009-10, 10 percent and 13 percent in the successive years, sources in Cabinet Division told Business Recorder more... (BR)

ECC may defer deduction of six percent withholding tax on advance payment
The Economic Co-ordination Committee (ECC) of the Cabinet is likely to defer deduction of 6 per cent withholding tax on advance payment to rental power projects especially Karkey, a Turkish company, well-informed sources in PPIB told Business Recorder. PPIB's Managing Director has already confirmed that tariff of rental power projects is higher than the IPPs," more... (BR)

Country's integrity: Musharraf links possibility of coup to enormity of threats
Expressing his full trust and confidence in the armed forces' ability and prowess to ensure that no harm is caused to the integrity of Pakistan, former President Pervez Musharraf has said nothing wrong can happen to the country so long as its "well-disciplined army exists". "I always say until army is there nothing can happen to Pakistan, Army should be vigilant," Musharraf said in an exclusive interview with Aaj TV in London that was broadcast on Sunday night more... (BR)

Provinces free to change LG system: Gilani
Provincial governments are authorised to make changes in the local body system according to their requirements, Prime Minister Yousuf Raza Gilani said during a meeting with Punjab Chief Minister Shahbaz Sharif more... (FD)

Tariq Azim quits ‘Q’
Pakistan Muslim League-Q spokesman Senator Tariq Azim on Sunday resigned from his office, a private news channel reported. Talking to the channel, Senator said that “It was very tough for me to speak truth while keeping such office so finally I decided to resign more... (FD)

sector Briefing

Fertiliser sales jump in June09 YoYDAP off-take up by 2,861pc YoY basis
Urea off-take up by 27 per cent YoY

Fertiliser sales witnessed a significant rise with DAP off-take up by 2,861 percent YoY basis to 143,000 tonnes in June 2009 as against only 5,000 tonnes in June 2008 more... (FD)

FY09: Teledensity towers to 61.80pc
Total teledensity has reached to 61.80 percent at the end of fiscal year 2009, according to data released by Pakistan Telecommunication Authority (PTA). Cellular teledensity has shown subscribers growth of 1.30 per cent in June 2009 as 1.20 million new subscribers were added in this month more... (FD)

Government to roll over Rs three billion NBP-led group loan for KESC
The government has decided to roll over a loan of Rs 3 billion, taken from the National Bank-led consortium by the government for Financial Improvement Plan (FIP) of Karachi Electric Supply Company (KESC) whose sell-off process is currently under question, sources in Finance Ministry told Business Recorder 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