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LOGO
August 18, 2009
Statistics
KSE-100 Index
Previous Index
8,011.31
Current Index
7,932.55
Change %
(0.98)%
YTD (CY09)
37.89%
YTD (FY10)
9.10%

International Indicators
 
Close
Percentage
BSE-30
14,784.92
(4.07)%
HANGSENG
20,137.65
(3.62)%
NIKKEI 255
10,268.61
(3.10)%
FTSE
4,645.00
(1.46)%
DJIA
9,135.34
(2.00)%
SSEC
3,046.97
0.00%
NASDAQ
1,930.84
(2.75)%

S.C.R.A
Aug 13, 2009
$4.138mn
Aug 2009
$26.164mn
YTD
$31.131mn

Money Market Updates
Tbill (6 months) Jul 15, 2009
11.38%
Tbill (12 months) Aug 12, 2009
12.16%
KIBOR (3 months) Aug 17, 2009
12.23%
KIBOR (6 months) Aug 17, 2009
12.22%
PIB (10 years) Aug 17, 2009
11.97%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO
116.70
Rs/UK
135.64
Rs/US
82.72
Rs/OMAN RIYAL
213.61

Commodities
Oil
$67.14/barrel
Oil Change in %
0.27%
Gold
$939.70/ounce
Gold Change in %
(0.54)%

Inflation
CPI Gen. Jul 09 (YOY)
11.20%
CPI Gen. FY10 (Jul 09)
11.20%
NFNE Core INFL Jul 09 (YOY)
14.00%
NFNE Core INFL FY10 (Jul 09)
14.00%

Economic Indicators
GDP Growth FY09E
2.00%
Per Capita Income
$1,046
Population
167.19mn
US$ Reserves (Aug 08, 09)
11.85bn
Trade Deficit (Jul 09)
$(1.15)bn
Curr. A/C (Jul 08-Jun 09)
$(8.86)bn
Remittances (Jul 09)
$747.22mn
Foreign Investment (Jul 09)
$195.6mn
All Scheduled Banks Deposit Base (Aug 08, 2009)
Rs.4,114mn

Daily Returns and NAVs
as of Aug 17, 2009
 
Offer
Redemption
POBOP
51.6177/-
51.1015/-
Daily Return
26.28%
POAIIF
52.3876/-
51.8637/-
Daily Return
7.63%
POAIF
54.12/-
52.77/-
Daily Return
3.46%
POASF
54.19/-
52.84/-
Daily Return
(13.80)%
POAF
11.12/-
Daily Return
12.63%
* Daily Returns are calculated as per MUFAP guidelines

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

Moody's ups Pakistan outlook
Moody's Investors Service raised Pakistan's ratings on its foreign currency denominated sovereign debt from B3 with 'negative' outlook to B3 with 'stable' outlook. Moody's Investors Service has also changed the outlook on the B3 long-term foreign currency deposit ratings of four Pakistani banks to 'stable' from 'negative'. more... (BR)

Portfolio investment surges, FDI plunges
The trend of foreign investment reversed in the first month of this fiscal year as the foreign direct investment (FDI) recorded a sharp fall, while outflow from portfolio investment stopped with addition of fresh inflows. more... (D)

Inflation swells 0.53pc WoW
The Sensitive Price Indicator (SPI), for the week ended August 13, for the lowest income group up to Rs3,000 has increased by 0.53 per cent over the previous week. more... (FD)

State Bank of Pakistan (SBP) accepts bids worth Rs13.85bn
State Bank of Pakistan (SBP) injected Rs13.85 billion into the banking system for five days in a bid to ease the shortage of liquidity during its Reverse Repo Open Market Operation (Injection) in Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds. more... (FD)

Accountability without political victimisation: Prime Minister
Revolutionary accountability changes in 3 months: Nisar
Prime Minister Syed Yousuf Raza Gilani said Monday the process of accountability of both present and previous governments would be initiated simultaneously without any political victimisation. more... (FD)

Prime Minister hails Pak-US JV against power crisis
Prime Minister Syed Yousuf Raza Gilani has welcomed President Obama's initiative to form a joint task force for assisting Pakistan in overcoming the present energy crisis in the country. more... (FD)

FO summons Indian Deputy HC
Indian PM’s remarks
Reacting to the reported remarks by the Indian Prime Minister, Pakistan reiterated Monday its readiness to fully cooperate with India in preempting any act of terror, and asked India to share information if they have. more... (FD)

PML-Q expels Humayun Akhtar
Chaudhry Shujaat Hussain, President Pakistan Muslim League-Q (PML-Q) has cancelled membership of Humayun Akhtar Khan for breaking party's laws. more... (FD)

Sector Briefing

Furnace oil price up by Rs 2,458 per ton
Furnace oil price has been raised by around Rs 2,458 per ton in the domestic market due to rising demand and low supply, dealers said. The oil marketing companies (OMCs) on Monday officially announced changes in the furnace oil price and started supply of furnace oil on new rates with immediate effect, they said. more... (BR)

Four top banks’ outlook improved
As Moody's Investors Service upgraded Pakistan's sovereign rating from negative to stable, it also elevated rating of country's four banks here Monday.more... (FD)

(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
Majid Butt
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