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LOGO
August 07, 2009
Statistics
KSE-100 Index
Previous Index
7,834.69
Current Index
7,822.32
Change %
(0.15)%
YTD (CY09)
33.37%
YTD (FY10)
9.22%

International Indicators
 
Close
Percentage
BSE-30
15,514.03
(2.45)%
HANGSENG
20,899.24
1.97%
NIKKEI 255
10,388.09
0.13%
FTSE
4,690.50
0.93%
DJIA
9,256.26
(0.26)%
SSEC
3,428.50
(1.23)%
NASDAQ
1,973.16
(0.99)%

S.C.R.A
Aug 04, 2009
(0.819)
Aug 2009
(0.819)
YTD
(2.718)

Money Market Updates
Tbill (6 months)
11.38%
Tbill (12 months)
11.75%
KIBOR (3 months)
12.09%
KIBOR (6 months)
12.10%
PIB (10 years)
12.08%

Exchange Rates
Rs/EURO
119.58
Rs/UK
140.95
Rs/US
82.94
Rs/OMAN RIYAL
216.14
   

Commodities
Oil
$71.56/barrel
Oil Change in %
0.26%
Gold
$963.70/ounce
Gold Change in %
(0.27)%

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
11.72bn
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 (Aug 01, 09)
Rs.4,153mn

Daily Returns and NAVs
as of Aug 06, 2009
 
Offer
Redemption
POBOP
51.6780/-
51.1612/-
Daily Return
9.17%
POAIIF
52.3237/-
51.8005/-
Daily Return
7.83%
POAIF
53.88/-
52.53/-
Daily Return
(48.57)%
POASF
54.22/-
52.86/-
Daily Return
(55.16)%
POAF
11.06/-
Daily Return
11.41%
* Daily Returns are calculated as per MUFAP guidelines

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

FX reserves fall to $11.72bn
Country's foreign exchange reserves declined by$50 million in the week that ended August 1 to $11.72 billion, the fourth straightweekly fall. more... (FD)

SOEs' employees to be made shareholders: scheme likely to be announced on August 14
Following instructions from the Presidency, the Privatisation Commission (PC) has formulated a 'contentious' scheme called "Benazir Employees Stock Option Scheme (BESOS) wherein employees of State Owned Enterprises (SOEs) would be transferred 12 per cent GoP shareholding along with a seat on the Board of the unit, official sources told Business Recorder. more... (BR)

IMF commands end to 13 ministries
IMF meet today to discuss 3rd tranche Economic ministry to be merged into Finance Ministry Textile, petroleum ministries to become part of Ministry of Industries. more... (FD)

Taliban chief Mehsud may be dead: Pak, US
August 07, 2009, 09:47 PST): US and Pakistani authorities were investigating whether Taliban chief Baitullah Mehsud, who has led a violent campaign of suicide attacks and assassinations against government, was killed in a CIA missilestrike. more... (BR)

Balochistan Minister gunned down
Balochistan Excise and Taxation Minister was killed in an attack by unknown motorcyclists in the city in jurisdiction of Shahra-e-Faisal Police Station on Thursday. According to police, eight unidentified armed men riding four motorcycles targeted Balochistan Excise and Taxation Minister, Sardar Rustam Khan Jamali, and opened straight fire on his Parado vehicle at Rado Apartment in Gulistan-e-Jauhar area, leaving him seriously injured. more... (BR)

Gojra tragedy: Prime Minister announces Rs 100 million compensation
Prime Minister, Yousuf Raza Gilani on Thursday vowing to bring the perpetrators of the Gojra violence to book, announced a compensation of Rs 100 million, matching a grant announced by the provincial government for the affectees. The prime minister, who visited the affected town to express his solidarity with the Christian community, assured the affected families of immediate relief. more... (BR)

Mumbai attacks: Interpol issues global alert for 13
Interpol says it has issued a global alert for 13 suspects wanted by Pakistan in its investigation into the November attacks on hotels in Mumbai, India, that killed 166 people. The international police organisation says the alert asks member countries to assist in tracking down the fugitives and to notify its Islamabad bureau and Interpol headquarters in Lyon, France, on potential leads. more... (BR)

Sector Briefing

Coal, cement and clinker terminal: PICT to build $175 million 'pollution free'facility at Port Qasim
Port Qasim Authority (PQA) and Pakistan International Container Terminal (PICT) are all set to sign an implementation agreement to develop the 'pollution free' Coal, Cement and Clinker Terminal (CCCT) worth $175 million at Port Qasim. According to sources, PQA has issued the Letter of Intent (LoI) to PICT last Wednesday after which the two sides started negotiating the modalities for establishing the specialised terminal. more... (BR)

PSO tenders for 1.17mn tonne fuel oil550 tonne fuel supplied to CAA
Pakistan State Oil (PSO) has issued a tender to buy 1.17 million tonne high-sulphur fuel oil (HSFO) for delivery between September and November. The tender closes on November 18 and will remain valid till November 21. more... (FD)

Airlines far from bankruptcy: Pakistan International Airlines (PIA): Senate body seeks urgent PIA bailout
Pakistan International Airlines (PIA) has contradicted news published in the section of press that national carrier is going bankrupt more... (FD)

'BPL to become country's largest petrochemical refinery next year'
With commissioning of it's under construction projects, worth 135 million dollar, Bosicor Pakistan Limited (BPL) is going to be the largest petrochemical refinery of the country by the mid of 2010. This was said by Kaleem A Siddiqui, President Petroleum Marketing Business of BPL. more... (BR)

Attock Petroleum profit after tax increases to Rs 3.082 billion
The profit after tax of Attock Petroleum Limited (APL) has increased to Rs 3.082 billion in the year ended June 30, 2009 (FY09) as compared to Rs 2.641 billion earned in FY08. The company's earning per share surged to Rs 53.51 in the period under review against Rs 45.86 in the same period a year back. more... (BR)

(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