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LOGO
August 05, 2009
Statistics
KSE-100 Index
Previous Index
7,716.99
Current Index
7,796.22
Change %
1.03%
YTD (CY09)
35.52%
YTD (FY10)
7.23%

International Indicators
 
Close
Percentage
BSE-30
15,830.98
(0.59)%
HANGSENG
20,796.43
(0.05)%
NIKKEI 255
10,375.01
0.22%
FTSE
4,671.40
(0.24)%
DJIA
9,320.19
0.36%
SSEC
3,462.59
1.48%
NASDAQ
2,011.31
0.13%

S.C.R.A
Aug 03, 2009
(6.806)
Aug 2009
(6.806)
YTD
(1.899)

Money Market Updates
Tbill (6 months)
11.38%
Tbill (12 months)
11.75%
KIBOR (3 months)
11.96%
KIBOR (6 months)
12.00%
PIB (10 years)
11.78%

Exchange Rates
Rs/EURO
120.16
Rs/UK
141.52
Rs/US
83.44
Rs/OMAN RIYAL
214.41

Commodities
Oil
$71.76/barrel
Oil Change in %
0.56%
Gold
$967.80/ounce
Gold Change in %
0.99%

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
167.08mn
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 04, 2009
 
Offer
Redemption
POBOP
51.6490/-
51.1325/-
Daily Return
10.35%
POAIIF
52.3015/-
51.7785/-
Daily Return
7.84%
POAIF
53.91/-
52.56/-
Daily Return
0.00%
POASF
54.25/-
52.89/-
Daily Return
34.54%
POAF
11.05/-
Daily Return
14.09%
* Daily Returns are calculated as per MUFAP guidelines

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

Entire circular debt to be settled this month: Tarin assures National Assembly
Advisor to Prime Minister on Finance Shaukat Tarin on Tuesday said that all the outstanding circular debt of power companies would be paid during the current month. The advisor apprised the National Assembly about the government strategy and action plan to address the prevailing crisis, saying existing generation capacity was not being fully utilised because of non-payment of circular debt to the power generation companies. more... (BR)

Government plans to install rental power plants within six months
The government informed the National Assembly on Tuesday that it had planned to install rental power plants within next three to six months to overcome the ongoing power crisis in the country. The National Assembly started debate on the power crisis in the country on a motion moved by Minister for Parliamentary Affairs Babar Awan on the demand of the members keeping in view the serious power crisis. more... (BR)

China shelves refinery project at Gwadar
Pakistan has to face another setback in attracting foreign investment as China has shelved the Coastal Oil Refinery Project at Gwadar in strategically located Balochistan province, and has deleted it from the list of Financial Development Programme 2009-10 agreed between the two countries. more... (BR)

General Election Order 2002: government to delete Article 8A
Through an amendment the government has decided to delete Article 8A of the Conduct of General Election Order, 2002 as this provision has already been declared void by the Supreme Court of Pakistan. more... (BR)

Cabinet to approve Netting of Financial Contracts Bill 2009
The Cabinet, which is scheduled to meet on Wednesday, will approve 'Netting of Financial Contracts Bill 2009', prepared by the State Bank of Pakistan (SBP) to strengthen domestic financial sector, providing additional risk transfer mechanism and inculcating confidence for cross border financial transactions, sources in Finance Ministry told Business Recorder. more... (BR)

Sector Briefing

$25bn textile export target unrealistic: industrialists
The government has projected $25 billion textile exports in the next three years, but industrialists and businessmen term it an ambitious target in the wake of power crisis and high cost of production. more... (N)

IPPs may acquire debt financing in pound, euro and yen also
The government has allowed the independent power producers (IPPs) to acquire debt financing in dollar, pound, euro and yen with the same treatment as currently available for US dollar denominated debt. Sources told Business Recorder on Tuesday that the decision aims to broaden access for debt financing, which could earlier be obtained in US dollar. more... (BR)

LDI licence issuance to China Mobile: Etisalat threatens to approach arbitration court
Etisalat International, buyer of the management control through purchase of 26 percent shares in Pakistan Telecommunication Company Limited (PTCL), has threatened to approach arbitration court in London if the GoP resorted to issuing Long Distance International (LDI) licence to China Mobile, official sources told Business Recorder. more... (BR)

SBP accepts bids of Rs23500M in OMO
State Bank of Pakistan (SBP) on Tuesday accepted bids of Rs 23,500 million in its Reverse Repo Open Market Operation (Injection) in Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds. more... (N)

(BR): Business Recorder, (D): Dawn, (N) The News, (DT) Daily Times, (FD): The Financial Daily
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