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LOGO
August 24, 2009
Statistics
KSE-100 Index
Previous Index
7,973.45
Current Index
8,107.94
Change %
1.69%
YTD (CY09)
40.93%
YTD (FY10)
11.51%

International Indicators
 
Close
Percentage
BSE-30
15,240.83
1.52%
HANGSENG
20,199.02
(0.64)%
NIKKEI 255
10,238.20
(1.40)%
FTSE
4,850.90
1.98%
DJIA
9,505.96
1.67%
SSEC
2,960.77
1.69%
NASDAQ Composite
2,020.90
1.59%

S.C.R.A
Aug 21, 2009
(1.137)
Aug 2009
37.245
YTD
42.212

Money Market Updates
Tbill (6 m) Jul 15, '09
11.38%
Tbill (12 m) Aug 12, '09
12.16%
KIBOR (3 m) Aug 22, '09
12.46%
KIBOR (6 m) Aug 22, '09
12.44%
PIB (10 yrs) Aug 22, '09
12.39%

Exchange Rates
Inter-Bank Currency Rates
Rs/EURO
118.89
Rs/UK
136.85
Rs/US
83.10
Rs/OR
214.00

Commodities
Oil
$74.19/barrel
Oil Change in %
2.33%
Gold
$954.70/ounce
Gold Change in %
1.48%

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
$1,046
Population
167.23mn
US$ Reserves (Aug 15, 09)
12.96bn
Trade Deficit (Jul 09)
$(1.15)bn
Curr. A/C (Jul 09)
$(606)mn
Remittances (Jul 09)
$747.22mn
Foreign Investment (Jul 09)
$195.6mn
All Scheduled Banks Deposit Base (Aug 15, 2009)
Rs.4,098bn

Daily Returns and NAVs
as of Aug 22, 2009
 
Offer
Redemption
POBOP
51.4921/-
50.9772/-
Daily Return
(72.57)%
POAIIF
52.4002/-
51.8762/-
Daily Return
(17.82)%
POAIF
54.23/-
52.87/-
Daily Return
(20.70)%
POASF
54.24/-
52.88/-
Daily Return
(123.82)%
POAF
11.05/-
Daily Return
(92.94)%
* Daily Returns are calculated as per MUFAP guidelines

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

Money supply on the decline
Decline in money supply continued during the first week of August as M2 contracted by another Rs11.4 billion from negative Rs64.1 billion (-1.25 per cent) as on August 01, 2009 to negative Rs75.5 (-1.47 per cent) as on August 08, 2009. more... (FD)

Friends of Democratic Pakistan (FoDP) moot begins today in Istanbul
The two-day ministerial-level meeting of Friends of Democratic Pakistan (FoDP) will begin on Monday (today) in Istanbul to harness political support from member countries.

Pakistan would also share its plan of rehabilitation and reconstruction for Swat and Malakand with the FoDP member countries. more... (FD)

Rental power plants: ECC decision puts Ministry in a difficult position
The Economic Co-ordination Committee (ECC) of the cabinet has put the Ministry of Water and Power in a difficult position, with regard to selection of 1500 MW Rental Power Plants (RPPs) out of the 14 plants having total capacity of 2250 MW, well-informed sources told Business Recorder. more... (BR)

Government to charge 8pc ST on local sugar supplies
The government has announced to charge sales tax at the rate of 8 per cent on local supplies of sugar, said a press release issued by Federal Board of Revenue (FBR) on Sunday.

The announcement has been made following issuance of SRO (I)/2009 whereby "sales tax on local supplies of sugar shall be charged at the rate of eight per cent with immediate effect and until further orders". more... (FD)

PPP-’N’ rift over Musharraf trial
Prime Minister Syed Yousuf Raza Gilani on Sunday said decision regarding trial of former president Gen (Retd) Pervez Musharraf has not yet been taken.

The chapter of Musharraf trial is not closed, however, there are differences between PPP and PML-N over the procedure of trial, he said while talking to media men after extending condolence to PPP leader Sardar Aseff Ahmed Ali over the demise of his mother at his residence in Kachi Kothi. Sardar Aseff Ahmed Ali is Deputy Chairman Planning Commission. more... (FD)

Zardari pinpoints Pakistan-China cowork areas
President Asif Ali Zardari on Sunday indentified vital areas in which China can cooperate with Pakistan to lift its agriculture output as well as improve communication infrastructure for trade links with all its neighbours and the region. more... (FD)

No suicide bombers in Islamabad, says Malik
Taliban killed Mehsud’s father-in-law: Interior Minister
Whoever heads Taliban would be considered a terrorist
Interior Minister Rehman Malik on Sunday termed the media reports regarding the entry of 50 suicide bombers in the Capital as devoid of truth and absolutely baseless and ordered an inquiry into the matter. more... (FD)

Sector Briefing

OMCs FY09 profits nosedive 136pc
Earnings up by 114pc QoQ
Listed oil marketing companies (OMCs) in the country's bourses have posted phenomenal decline of 135.6 per cent in their earnings during the fiscal year 2008-09. more... (FD)

Pakistan Petroleum Limited (PPL) profits seen rising by 42.6pc - Result Preview FY09
Pakistan Petroleum Limited (PPL) is scheduled to announce its results today (Monday) for the fiscal year ended June 30, 2009. The company's profit after taxation (PAT) is likely to show a growth of 42.6 per cent to stand at Rs28.1 billion for the fiscal year 2008-09 -- translating into an earning per share (EPS) of Rs33.86, according to an analyst at The Financial Daily. more... (FD)

Securities and Exchange Commission of Pakistan (SECP) fines asset management co
The Director (NBFCD) Securities and Exchange Commission of Pakistan (SECP) Asif Jalal Bhatti in his judgment over case hearing imposed a fine of Rs500,000 on Noman Abid Asset Management Limited and directed the management to pay Rs150,000 to a unit holder in addition to the earlier paid redemption. 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