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LOGO
August 03, 2009
Statistics
KSE-100 Index
Previous Index
7,491.76
Current Index
7,720.93
Change %
3.06%
YTD (CY09)
34.21%
YTD (FY10)
6.19%

International Indicators
 
Close
Percentage
BSE-30
15,670.31
1.83%
HANGSENG
20,573.33
1.68%
NIKKEI 255
10,356.83
1.89%
FTSE
4,608.40
(0.50)%
DJIA
9,171.61
(0.47)%
SSEC
3,412.06
2.72%
NASDAQ
1,978.50
(0.29)%

S.C.R.A
Jul 31, 2009
(0.832)
Jul 2009
4.907
YTD
4.907

Money Market Updates
Tbill (6 months)
11.38%
Tbill (12 months)
11.75%
KIBOR (3 months)
11.94%
KIBOR (6 months)
12.00%
PIB (10 years)
11.72%

Exchange Rates
Rs/EURO
118.56
Rs/UK
139.11
Rs/US
83.35
Rs/OMAN RIYAL
214.93

Commodities
Oil
$70.13/barrel
Oil Change in %
4.08%
Gold
$957.10/ounce
Gold Change in %
1.86%

Inflation
CPI Gen. Jun 09 (YOY)
13.10%
CPI Gen. (Jul 08-Jun 09)
20.80%
NFNE Core INFL Jun 09 (YOY)
15.90%
NFNE Core INFL (Jul 08-Jun 09)
17.60%

Economic Indicators
US$ Reserves
11.77bn
GDP Growth FY09E
2.00%
Per Capita Income
$1,046
Population
167.06mn
Trade Deficit (Jul 08-Jun 09)
$(17.04)bn
Curr. A/C (Jul 08-Jun 09)
$(8.86)bn
Remittances (Jul 08-Jun 09)
$7.81bn
Foreign Investment (Jul 08-Jun 09)
$2.67bn
All Scheduled Banks Deposit Base (July 25, 09)
Rs.4,137bn

Daily Returns and NAVs
as of Aug 01, 2009
 
Offer
Redemption
POBOP
51.6070/-
51.0909/-
Daily Return
11.15%
POASF
54.36/-
53.00/-
Daily Return
6.89%
POAIF
53.98/-
52.63/-
Daily Return
0.00%
POAIIF
52.2693/-
51.7466/-
Daily Return
7.76%
POAF
11.0419/-
Daily Return
13.50%
* Daily Returns are calculated as per MUFAP guidelines

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

M2 grows by 9.58pc for FY09
Broad Money -- commonly known as M2 - grew by 9.58 per cent during the fiscal year 2008-09 as compared to 15.35 per cent a year earlier, said data issued by the State Bank of Pakistan. more... (FD)

Iran gives Pakistan Sep 5 deadline
Pakistan must have to wrap up its work and activities regarding feasibility of Pakistan-Iran gas pipeline project before September 5, 2009, otherwise Iran can use its authority to cancel project. more... (FD)

NA session starts today
The 15th National Assembly session would begin on Monday and is likely to discuss the Supreme Court judgment which nullified Pervez Musharraf’s Nov 3, 2007, actions. more... (D)

SC verdict will have no bearing on NRO: Kaira
The invalidation of the emergency proclamation by the Supreme Court will have no bearing on the National Reconciliation Ordinance (NRO) as it was issued before the Nov 3, 2007, order, Information Minister Qamar Zaman Kaira said on Saturday. more... (D)

Presidential order against PCO judges
President Asif Ali Zardari signed orders halting the PCO judges from functioning, a private TV channel reported on Sunday night. more... (D)

Sector Briefing

Banks/DFIs asked to adjust impairment
The State Bank of Pakistan (SBP) has notified that banks and Development Financial Institutions (DFIs) can adjust their impairment of listed equities according to the recovery in equity prices during 2009. more... (FD)

E&P profits may shoot up 16.8pc
Oil and gas exploration and production (E&P) sector's profitability is likely to grow 16.8 per cent during the fiscal year 2008-09, said an analyst at The Financial Daily. more... (FD)

1HCY09: Fertilisers’ net seen down 20pc
The fertiliser sector's profitability for the first half of the calender year 2009 (1HCY09) has decreased by 20 per cent to Rs5.476 billion as compared to Rs6.774 billion during the same period a year earlier. more... (FD)

Government to talk Carbon Tax at WTO moot
Pakistan is likely to raise issue of new trade sanctions by the developed nations on under-developed countries on its agenda for the WTO ministerial moot to be held in Geneva at the end of this year. more... (FD)

(D): Dawn, (BR): Business Recorder, (FD): The Financial Daily, (DT) Daily Times
Research Team:
Shoaib Ali Khan
Department Head
Shayan Hasan
Research Analyst
Salman Kazmi
Research Analyst
Imran Altaf
Research Analyst
Faizan Ahmed
Research Analyst
Faiz Malik
Database Manager
Separator
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