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Tuesday, Jan 6 2009
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Work on Nishtar Bridge to commence soon: Gilani     New envoys present credentials to Zardari     Entire city would be under video monitoring soon: Kamal     We should pledge to follow Bhutto’s vision, says Fehmida Mirza     Oil rises $ 1 as geopolitical concerns heighten     Gold leads precious metals slide on firmer $     Greenback swells on Obama stimulus, ECB rate cut view     Pound up vs euro but capped on rate views     Pakistani c.bank sells 30 bln rupees of T-bills     Taiwan stocks at 2-month closing high, LCDs jump     India PM says Pakistan whipping up war hysteria     Seoul shares gain; foreigners buy for a 5th day     China's WEPEC plans 10 pct cuts in Jan crude runs     Indian shares open 0.3 pct down as Asia weakens     M'bishi Materials sees 70 pct hike in '09 copper fees     Manila c.bank signals open to more rate cuts in 2009     HK shares to open up 0.3 pct led by property stocks     Kuwait cuts Jan crude supply to Asia after OPEC     Shanghai copper extends gains, LME up     China to drain 50 bln yuan via 28-day repos     Dollar dips vs yen after hitting nearly 1-mth high     Chile unveils $4 bln anti-crisis stimulus package     Toyota says plans 11-day factory halt in Japan     GSR Ventures raises $383 mln for new China fund     Wall St slips on telecoms; energy shrs up     Russia gas to Turkey from west pipeline cut-minister     Gaza's humanitarian crisis 'increasingly alarming: UN     Codelco cuts 2009 premiums another 4 pct to $72/T     Gold extends losses as dlr holds near 3-week high     Israeli air strike kills 3 at UN school - Gaza medics
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Market KSE 100
Index
All Share
Index
KSE 30
Index
Status Close Current 6078.23 Current 4556.72 Current 5654.98
Volume 3,866,935,984.00 High 6093.14 High 4573.42 High 5656.40
Value 103,077,520 Low 5914.63 Low 4451.82 Low 5420.88
Previous Index 5917.9 Change 160.33 Change  103.08 Change 215.21
MAIN STORY
India is exploiting Mumbai attacks, Boucher told
Drone attacks a compulsion: US
ISLAMABAD: President Asif Ali Zardari has said that India used Mumbai terrorist attacks for its political ambitions against Pakistan. Talking to visiting US Assistant Secretary of State for South & Central Asian Affairs Richard Boucher who called on him at President House here on Monday, President Zardari said Pakistan praised the efforts of United States for restoration of peace in the region. ...
  Mutual Fund
TOP STORIES
    
Urea import via Gwadar to cost Rs1.2bn more
Shabbir Kazmi
KARACHI: The government will have to pay an additional amount of Rs1.2 billion on the imported urea fertiliser to be unloaded at Gwadar Port. The decision of unloading the cargo at the port has already been made which, according to sources, is an illogical decision. ...

Securities and Exchange Commission of Pakistan (SECP) facilitates formation of group companies
Staff Reporter
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has promulgated the Group Companies Registration Regulations 2008 to provide a regulatory framework for the formation of group companies, comprising a holding company and its subsidiaries. ...

Gilani asks United States to act for Gaza truce
Return of Dr Afia, other prisoners demanded
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani, while condemning the Israeli attack on Gaza causing hundreds of innocent civilian casualties, has urged the US and the world community to play their role for bringing an end to Israeli atrocities against the Palestinians. ...

State Bank of Pakistan (SBP) defends Market Treasury Bills (MTBs) Q3 auctions
KARACHI: Market Treasury Bills (MTBs) auction target of Rs565.0 billion announced by the State Bank of Pakistan (SBP) for the January-March quarter of the current fiscal year (2008-09) will not cause any liquidity crunch in the inter-bank market, said a press release issued by SBP here on Monday. ...

Competition Commission of Pakistan (CCP) allows grace period to Karachi Stock Exchange (KSE), Islamabad Stock Exchange (ISE)
For reply of show cause
Khudayar Mohla
ISLAMABAD: The Competition Commission of Pakistan (CCP) has given one week grace period to Karachi Stock Exchange (KSE) and Islamabad Stock Exchange (ISE) for submission of reply during hearing in connection to show cause notice here on Monday. ...

President urges cut in petrol prices
ISLAMABAD: President Asif Ali Zardari, directing for reduction in prices of petroleum and other items of daily use, has said that the government needs to come up to the expectations of the masses.
He expressed these views while talking to Saleem Raza, Governor State Bank of Pakistan, who called on him at President House on Monday. Advisor to Prime Minister on Finance Shaukat Tareen and Secretary Finance Waqar Masood Khan were also present in the meeting. ...

More efforts stressed to tackle energy crisis
Jamil Siddiqui
KARACHI: Chairman Senate Standing Committee on Petroleum & Natural Resources, Senator Syed Dilawer Abbas, on Monday asked the government to gear up efforts to explore new energy resources before the current gas reserves deplete by 2011. ...

Mumbai terror evidence being examined: FO
India shares information with other countries, too
ISLAMABAD: Pakistan on Monday said it was carrying out its own investigations and was determined to uncover the full facts pertaining to the Mumbai terror attacks. ...

Boucher conferred Hilal-e-Quaid-e-Azam - News Briefing
ISLAMABAD: President Asif Ali Zardari conferred the award of Hilal-e-Quaid-e-Azam on Richard Boucher, US Assistant Secretary of State at a special investiture ceremony at Aiwan-e-Sadr on Monday.


United States opens new Iraq embassy - News Briefing
BAGHDAD: The United States opened its new embassy building in Baghdad on Monday, a step symbolising its transition from occupying power to an ally of a sovereign Iraqi government.


Indicators
Economic Indicators 
Indicator  Value 
GDP Growth FY08 5.8%
Per Capita Income FY08 $1,085
Population 165.29mn
Forex Reserves
(26-Dec-08)
$9.661bn
Inflation CPI %
(Jul-Nov 08)
24.65%
Exports
(Jul-Nov 08)
$8.27bn
Imports
(Jul-Nov 08)
$17.01bn
Trade Deficit
(Jul-Nov 08)
$(8.74)bn
Current A/C
(Jul-Nov 08)
$(6.855)bn
Remittances
(Jul-Nov 08)
$2.97bn
Foreign Invest
(Jul-Nov 08)
$1.44bn
Revenue
(Jul-Nov 08)
Rs 423bn
Foreign Debt (30-09-08) $48.67bn
Domestic Debt (Oct 08) Rs 3,471bn
Repatriated Profit (Jul-Sep 08) $222.7mn
   
Portfolio Investment 
SCRA (US $ in mn)  Value 
Yearly
(Jul, 2008
up to Jan-02-2009)
-319.43
Monthly
(Jan, 2009
up to Jan 02)
-9.50
Net Sell (02-Jan-2009) -23.47
Total Portfolio Investment(13-Dec-08) 2207
   
GDR Update US $  
Symbols  C.Price  PKR/Shares 
MCB
(1 GDR= 2 shares)
2.00 79.08
OGDC
(1 GDR = 10 shares)
6.30 49.82
UBL (1 GDR= 4 Shares) 1.55 30.64
HUBC
(1 GDR = 25 shares)
5.19 16.42