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  March 11, 2008 
Statistics
KSE 100 Index
Previous. Index
15,085.18
Current Index
14,913.29
Change %
(1.14)%
YTD ( CY' 07)
5.93%
YTD ( FY' 07)
8.28%

International Indicates
 
Close
Percentage
BSE-30
15,923.72
(0.32)%
HANGSENG
22,705.05
1.00%
NIKKEI 255
12,532.15
(2.00)%
FTSE
5,629.10
(1.20))%
DJI
11,740.15
(1.29)%
TSX
13,281.72
(0.58)%
KLSE
1,173.22
(9.49)%

S.C.R.A
07-03-2008
2.4
March
(72)
YTD (July-Date)
22

Money Market Updates
Tbill Cut-off
  
1 year
10.385%
6 month
9.8024%
KIBOR ( 6 months)
10.27%
PIB (10 years)
10.85%

Exchange Rates
Rs/US
62.795
RS/UK
126.25
RS/EURO
96.23
RS/OMAN RIYAL
164.19

commodities
Oil
$107.73/barrel
Oil Change in %
2.73%
Gold
$973.80/ounce
Gold Change in %
(0.32)%

Inflation
CPI (YOY)
11.9%
CPI (July-Jan)
8.6%
CORE INFTN (YOY)
7.8%
CORE INFTN (July-Jan)
6.5%

Economic Indicators
$US Reserves (Billion)
14.063
GDP Growth FY 07
7%
Per Capita Income
$925
Population
162.73mn
Trade Deficit
$(12.43) bn
Curr. A/C (Jul'07-Jan'08)
$(7.51 ) bn
Remittances
$3.62 bn
Foreign Investment
$2.26 bn
Bank Deposits (Jan, 19,08)
3,555 bn

Economy

July-February trade deficit soars to $12.43 billion
Pakistan's economy during July-February of 2007-08 has amassed a huge $12.43 billion trade deficit, with imports at $24.14 billion and exports only $11.707 billion more... (BR)

Pakistan gets $300 million Saudi grant
Saudi Arabia has extended $300 million budgetary support for Pakistan to help it in easing the growing pressure on its economy more... (BR)

Withholding tax on PIBs cut to 10pc
The government on Monday cut the withholding tax on profit of Pakistan Investment Bonds (PIBs) from 30 per cent to 10 per cent for foreign investors more... (D)

SBP issues guidelines for poultry financing
The State Bank of Pakistan on Monday issued ‘guidelines for poultry financing’ to facilitate and encourage banks to enhance flow of credit to poultry sector more... (D)


Convening National Assembly session: President receives summary
President Pervez Musharraf on Monday was forced to swallow another bitter pill as he received the advice to convene the inaugural meeting of a new parliament that is packed with more foes more... (BR)

Not difficult for Zardari to become PM: Mukhtar
Senior PPP leader Ahmed Mukhtar on Monday said it was not difficult for Asif Ali Zardari to get elected from a constituency vacated by a party member and become the prime minister more... (D)

US to work with ‘whichever govt is formed’ in Pakistan
ever govt is formed’ in Pakistan
The White House said on Monday that the United States was willing to work with whichever government was formed in Pakistan but did not have a position on more... (D)
sector Briefing

SBP sells Rs2.1bn T-bills
The State Bank of Pakistan on Monday accepted bids for Rs2.1 billion in its open market operation of Market Treasury Bills, while the bids offered amounted tomore... (D)

Successful launch of Bank Alfalah's new MasterCard
First Data Corp, a global leader in electronic commerce and payment services, on Monday announced the successful launch of Bank Alfalah's new MasterCard offering more... (BR)

Engro, Algerian firm set to join hands
Engro Pakistan Limited confirmed on Monday that it was interested in forming a joint venture with Ferphos, a National Iron Ore & Mining Company of Algeria more... (D)
(D): Dawn (BR): Business Recorder
seprator
Research Team:
Ali Khizar Aslam
Department Head

 Erum Zehra
Product Analyst		 Zhoaib Kabani
Technical Analyst		 Murshed Ali Qureshi
Analyst		 Ayub Khuhro
Analyst
Seprator
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