Cross Transactions

Cross transactions between client to client reported on Thursday (March 31, 2005).

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FINANCIAL INSTITUTIONS

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Code Nos Turnover of Shares   Company                                 Rate

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087              800,000     Oil & Gas Development Co - Apr         141.22

151              700,000     D. G. Khan Cement (April)               59.28

151               75,000     Oil & Gas Development Co (April)       141.22

151               77,500     Oil & Gas Development Co (April)       141.22

151              500,000     Pakistan Telecommunication              70.84

                              Co Ltd (April)

151              245,000     Pakistan Telecommunication              70.84

                              Co Ltd (April)

151              200,000     Dewan Salman Fibre (April)              24.73

151              300,000     Dewan Salman Fibre (April)              24.73

151               20,000     Pakistan State Oil Company             390.55

                              Limited (April)

151               19,000     Pakistan State Oil                     390.55

                              Company Limited (April)

151               27,500     Pakistan Petroleum Limited (April)     232.66

151               11,000     Pakistan Petroleum Limited (April)     232.66

019              200,000     Pakistan Petroleum Limited (April)     241.80

050            2,885,000     Pakistan Telecommunication            69.9750

                              Co Ltd (April)

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Total          5,260,000

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