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LOGO
August 19, 2009
Statistics
KSE-100 Index
Previous Index
7,932.55
Current Index
7,995.10
Change %
0.79%
YTD (CY09)
38.97%
YTD (FY10)
9.96%

International Indicators
 
Close
Percentage
BSE-30
15,035.26
1.69%
HANGSENG
20,306.27
0.84%
NIKKEI 255
10,284.96
0.16%
FTSE
4,685.80
0.88%
DJIA
9,217.94
0.90%
SSEC
3,046.97
0.00%
NASDAQ Composite
1,955.92
1.30%

S.C.R.A
Aug 17, 2009
$3.894mn
Aug 2009
$30.058mn
YTD
$35.025mn

Money Market Updates
Tbill (6 m) Jul 15, '09
11.38%
Tbill (12 m) Aug 12, '09
12.16%
KIBOR (3 m) Aug 18, '09
12.27%
KIBOR (6 m) Aug 18, '09
12.25%
PIB (10 yrs) Aug 18, '09
12.28%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO
116.57
Rs/UK
135.16
Rs/US
82.67
Rs/OR
213.49

Commodities
Oil
$69.92/barrel
Oil Change in %
4.14%
Gold
$942.00/ounce
Gold Change in %
0.24%

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
$1,046
Population
167.20mn
US$ 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 18, 2009
 
Offer
Redemption
POBOP
51.6304/-
51.1141/-
Daily Return
9.42%
POAIIF
52.3983/-
51.8743/-
Daily Return
7.74%
POAIF
54.09/-
52.74/-
Daily Return
(20.75)%
POASF
54.18/-
52.83/-
Daily Return
(6.91)%
POAF
11.12/-
Daily Return
12.43%
* Daily Returns are calculated as per MUFAP guidelines

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

1st Pakistan satellite launch in Apr-2011: Dr Samar
Renowned nuclear scientist, Dr Samar Mubarakmand has said that Pakistan would launch its first space satellite in April 2011. The satellite, likely to be sent in earth orbit, would monitor mineral and agriculture programmes and weather conditions, Dr Samar said as a chief guest in a 3-day international conference on Aerospace Science and Engineering ICASE-2009. more... (FD)

Domestic debt swells to Rs3.85tn
Country's domestic debt ballooned by 17.9 per cent or Rs585.2 billion to stand at Rs3.85 trillion at the end of fiscal year 2008-09 from Rs3.2661 trillion in corresponding period last year. more... (FD)

Agricultural credit disbursement: SBP sets indicative target of Rs 260 billion
Governor of the State Bank of Pakistan, Syed Salim Raza, has said the central bank has set an indicative target of Rs 260 billion for agricultural credit disbursement in the current fiscal year (2009-10). Chairing a meeting of the Agricultural Credit Advisory Committee (ACAC) at the State Bank of Pakistan on Tuesday. more... (BR)

Government agrees to ex-mill sugar price: Rs 48 per kg for Sindh, Rs 49.75 per kg for other provinces
The Federal government on Tuesday agreed to Pakistan Sugar Mills Association's dictated ex-mill sugar price of Rs 48 per kg for Sindh and Rs 49.75 per kg for other provinces after marathon negotiations lasting over more than five hours. more... (D)

Pakistan to seek $27.614 billion for six energy projects: meeting with FoDP in Istanbul on September 24
Pakistan will present six energy projects, costing $27.614 billion, before the Friends of Democratic Pakistan (FoDP) in a meeting scheduled in Istanbul on September 24. Sources in Economic Affairs Division (EAD) told Business Recorder that the government would table projects of energy including $11.339 billion Diamer Bhasha dam, Kurram Tangi Multipurpose Dam, Munda Dam project, Dasu Hydropower Project, Bunji Hydropower Project and Bara Dam Project. more... (BR)

Pakistan Steel Mills (PSM) chief sacked for corruption
Rasool Bakhsh Palejo to head PSM
Prime Minister Syed Yousuf Raza Gilani has sacked Mueen Aftab Sheikh, Chairman Pakistan Steel Mills (PSM) on allegations of corruption. Addressing the National Assembly Tuesday, the Prime Minister stated that he has ordered an inquiry against him. more... (FD)

Sector Briefing

PSO demands Rs 34 billion payment by August 27
The Pakistan State Oil (PSO) has requested the government to release Rs 34 billion, by August 27, for easing its financial burden and placing orders for oil import. Sources told Business Recorder that PSO management has sent SOS to Petroleum Ministry, a copy of which has been forwarded to Finance Ministry, requesting to take immediate measures to release the much-awaited funds. more... (BR)

PSO fails to open 30 E-10 petrol sale outlets
The Pakistan State Oil (PSO) has failed to open 30 outlets of E-10 gasoline in the country including six in Karachi by August 14, this year. more... (D)

Cement export increases in July
Cement export made a sudden jump during July, the first month of the current fiscal year (2009-10), to 1.160 million tons from 0.838 million. more... (D)

Kuwaiti firm keen to invest in petroleum projects
Kuwait Petroleum Corporation, the state-owned petroleum company, is interested to invest in various petroleum related projects in Pakistan. more... (D)

(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