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LOGO
July 29, 2009

Statistics
KSE 100 Index
Previous Index
7,711.06
Current Index
7,674.77
Change %
(0.47)%
YTD (CY09)
30.90%
YTD (FY10)
7.20%

International Indicates
 
Close
Percentage
BSE-30
15,375.04
(0.03)%
HANGSENG
20,251.62
1.35%
NIKKEI 255
10,088.66
1.45%
FTSE
4,586.130
0.20%
DJIA
9,108.51
0.17%
SSEC
3,438.37
0.09%
NASDAQ-100
1,967.89
0.10%

S.C.R.A
27-07-2009
(0.659)
July-09
(0.659)
YTD
0.164

Money Market Updates
Tbill Cut-off
 
1 year
11.47%
6 month
11.38%
KIBOR (3 months)
11.77%
KIBOR (6 months)
11.88%
PIB (10 years)
11.60%

Exchange Rates
Rs/US
83.17
Rs/UK
136.16
Rs/EURO
117.65
Rs/OMAN RIYAL
216.34

commodities
Oil
$66.63/barrel
Oil Change in %
(0.89)%
Gold
$941.20/ounce
Gold Change in %
(0.05)%

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 18, 09)
Rs.4,130bn

Daily Returns and NAVs
as of July 28, 2009
 
Offer
Redemption
POBOP
51.5207/-
51.0055/-
Daily Return
9.91%
POASF
54.26/-
52.90/-
Daily Return
(55.12)%
POAIF
53.73/-
52.39/-
Daily Return
(34.80)%
POAIIF
52.0248/-
51.5046/-
Daily Return
7.80%
POAF
11.0266/-
Daily Return
13.41%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

High demand pushes dollar above Rs83
Major banks are buying greenbacks in fear of further devaluation of the rupee due to oil import payments: dealers more... (D)

Rental plants to up oil import bill to 60pc
The imports of furnace oil will increase to 60 per cent after rental power plants of 3000MW are installed during the Financial Year 2009-10. Private television news channel, quoting sources in Pakistan State Oil (PSO) reported Tuesday that the rental power plants are expected to push the import bill up by Rs1.20 billion. The furnace oil consumption is expected to soar over 9.1 million tonnes as a result of rental power plants.-APP more... (FD)

Pakistan's population to double by 2050: UN
Pakistan’s population is growing so incredibly fast that despite decades of family planning efforts, in 40 years it will be the fourth largest country on Earth, a United Nations report said more... (D)

Funds for Taliban largely come from abroad: Holbrooke
The US special envoy told EU officials that the Gulf was a key source of financing for militants in Pakistan and Afghanistan more... (D)

India's PM to defend Pakistan ties in parliament
Indian Prime Minister Manmohan Singh will defend efforts to improve ties with Pakistan in a parliament debate on Wednesday after criticism by opposition groups that he had conceded ground to the neighbour more... (D)

SC resumes hearing into PCO judges' case today
A 14-member larger bench of the Supreme Court will today resume hearing a constitutional petition challenging appointment of those superior court judges who had taken oath under the November 3, 2007 Provisional Constitution Order more... (DT)

sector Briefing

ECC okays determination of IPPs tariff
The electricity crisis dominated the committee’s agenda as it took decisions on tariffs, KESC and rental power projects more... (D)

17 power projects at the ready: PPIB
Testing of Atlas power project to start from Mon
Atlas Thermal Power Project of 225MW, located at Sheikhupura will start test-functioning from August 3, with a delay of few months in the scheduled completion more... (FD)


 
(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