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July 30, 2009

Statistics
KSE 100 Index
Previous Index
7,674.77
Current Index
7,536.98
Change %
(1.79)%
YTD (CY09)
31.00%
YTD (FY10)
3.66%

International Indicates
 
Close
Percentage
BSE-30
15,173.46
(1.03)%
HANGSENG
20,135.50
(2.37)%
NIKKEI 255
10,113.24
0.26%
FTSE
4,547.50
0.41%
DJIA
9,070.72
(0.26)%
SSEC
3,438.37
0.00%
NASDAQ-100
1,967.76
(0.40)%

S.C.R.A
28-07-2009
0.697
July-09
0.861
YTD
0.861

Money Market Updates
Tbill Cut-off
 
1 year
11.47%
6 month
11.38%
KIBOR (3 months)
11.83%
KIBOR (6 months)
11.92%
PIB (10 years)
11.77%

Exchange Rates
Rs/US
83.21
Rs/UK
136.75
Rs/EURO
117.90
Rs/OMAN RIYAL
216.24

commodities
Oil
$63.15/barrel
Oil Change in %
(5.22)%
Gold
$930.20/ounce
Gold Change in %
(1.17)%

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)
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 29, 2009
 
Offer
Redemption
POBOP
51.5342/-
51.0189/-
Daily Return
10.06%
POASF
54.13/-
52.78/-
Daily Return
(82.80)%
POAIF
53.69/-
52.35/-
Daily Return
(27.87)%
POAIIF
52.0356/-
51.5152/-
Daily Return
7.80%
POAF
11.0304/-
Daily Return
13.40%
* Daily Returns are calculated as per MUFAP guidelines

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

Economy

$13 million Tajikistan credit: conversion to grant delayed on IMF fears
The government is said to have delayed conversion of $13 million Tajikistan's credit plus accrued interest into a grant, fearing that any off beam decision may create confusion with the International Monetary Fund (IMF), whose board is to meet on August 7 to decide about the fate of $840 million tranche and additional loan of $4 billion more... (BR)

Government to release Rs 20 billion more to retire circular debt
The government will release Rs 20 billion in the first week of August to further retire the circular debt. Finance Secretary Salman Siddique informed the National Assembly Standing Committee on Finance, which showed serious concerns over unpaid inter-corporate circular debt, and emphasised to create a framework for an early retirement of these liabilities more... (BR)

Regional electricity: Pakistan and Tajikistan to set up networks
Pakistan and Tajikistan on Wednesday agreed to initiate a strategic dialogue on regional peace, security and development, besides co-operation in energy sector. President Asif Ali Zardari and his Tajik counterpart Emomali Rahmon in their wide-ranging talks held at Qasr-e-Millet - Palace of the Nation, also agreed to establish regional electricity networks and early implementation of the Central Asia South Asia 1000 MW project more... (BR)

Gilani reciprocates Manmohan’s sentiments
Prime Minister Syed Yusuf Raza Gilani has reciprocated the sentiments for peace expressed by Indian Prime Minister Dr Manmohan Singh during his address to Lok Sabha on Wednesday. In response to Indian Prime Minister's statement at Lok Sabha more... (BR)

No one appears in court to defend Musharraf: SC flays former parliament
The Supreme Court on Wednesday deplored that previous parliament had passed a resolution in favour of the steps taken by former military dictator General Pervez Musharraf (Retd) on November 3, 2007 more... (BR)

Islamabad committed to eliminate terrorism: FO
Pakistan said Wednesday that government is carrying out anti-terrorism onslaught with the resolve to eliminate the menace from its roots. Foreign Office Spokesman Abdul Basit said here that it was in Pakistan's own interest to uproot the menace of terrorism and its efforts were not focused to appease anyone more... (FD)

sector Briefing

Management of KESC summoned to show investment record: Kaira
The federal government, which Wednesday claimed to have been facing a monthly gap of at least Rs 12 billion (Rs 144 billion annually) in the generation cost and billing of electricity, has summoned the Dubai-based owners of Karachi Electric Supply Company (KESC) to show the investment record more... (BR)

FY09: Oil, gas production flatOil output down 6pc; gas up 0.5pc
Oil and gas production remained flat at 707 thousand barrels of oil equivalent per day (kbpeod) during FY09 against 708 kbpeod in FY08. Oil production, alone declined by 6 per cent and stood at 66.1 kbpd as against 70.2 kbpd during same period last year. However, gas production with a meagre growth of 0.5 per cent rose to 3.99 billion cubic feet per day (bcfd) as against 3.98 bcfd in the corresponding period more... (FD)

Wapda focuses on hydropower resources: chairman
In the wake of its bifurcation in 2007, Wapda is fully focused on the development of water and hydropower resources in the country. Wapda Chairman, Shakil Durrani said while addressing a delegation of the 6th Mid Career Management Course of the National Institute of Management, Peshawar at the Wapda House 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