Print
Print 2004-05-08
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 07, 2004).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 07, 2004).
DAILY MONEY MARKET COMMENTS: The overnight Interbank Money Market was initiated in the band of 6.25 % - 7.75% and most of the trade has been seen at the level 6.50% - 7.25% and increased in the mid-day and market closed at the level of 7.30% - 7.40%.
PIB 10-year 8% coupon bond was quoted in the band of 6.44% - 6.47%.
SBP Discounting 1.20 billion.
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 6.50 7.40 7.00 7.40 7.08
1-Week 2.75 3.00 3.25 3.50 3.13
2-Week 2.50 2.75 3.00 3.25 2.88
1-Month 1.65 1.75 1.95 2.10 1.86
2-Months 1.70 1.80 2.00 2.10 1.90
3-Months 1.75 1.95 2.20 2.30 2.05
4-Months 1.80 2.00 2.20 2.40 2.10
5-Months 1.80 2.00 2.20 2.40 2.10
6-Months 1.90 2.10 2.30 2.45 2.19
9-Months 2.20 2.40 2.60 2.80 2.50
1-Year 2.30 2.50 2.70 2.90 2.60
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 6.75 7.40 7.25 7.50 7.23
1-Week 3.00 3.25 3.50 3.75 3.38
2-Week 2.70 2.80 3.00 3.20 2.93
1-Month 1.70 1.90 2.10 2.30 2.00
2-Month 1.90 2.10 2.30 2.50 2.20
3-Month 2.00 2.20 2.40 2.60 2.30
4-Month 2.10 2.30 2.50 2.70 2.40
5-Month 2.20 2.40 2.60 2.80 2.50
6-Month 2.00 2.25 2.50 2.75 2.38
9-Month 2.30 2.50 2.70 2.90 2.60
1-Year 2.40 2.60 2.80 3.00 2.70
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PIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.30 1.90
0.6-1.0 Years 1.80 2.30
1.1-1.5 Years 2.20 2.60
1.6-2.0 Years 2.50 3.10
2.1-2.5 Years 3.30 3.70
2.6-3.0 Years 3.60 3.70
3.1-3.5 Years 4.20 4.50
3.6-4.0 Years 4.45 4.75
4.1-4.5 Years 4.60 4.70
4.6-5.0 Years 4.60 4.70
6.6-7.0 Years 5.80 5.95
7.1-7.5 Years 6.10 6.20
7.6-8.0 Years 6.30 6.35
8.1-8.5 Years 6.35 6.40
8.6-9.0 Years 6.39 6.43
9.1-9.5 Years 6.38 6.43
9.6-10.0 Years 6.44 6.47
15 Years 7.10 7.30
20 Years 8.10 8.30
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FIB Secondary Market Date
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Maturity Yield Range
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0.1-0.5 Years 1.20 2.10
0.6-1.0 Years 1.70 2.20
1.1-1.5 Years 2.05 2.65
1.6-2.0 Years 2.50 3.00
2.1-2.5 Years 3.15 3.65
2.6-3.0 Years 3.40 3.80
3.1-3.5 Years 3.65 4.20
3.6-4.0 Years 3.70 4.30
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Clean Deposit Market
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Tenor Range (% p a)
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01 Month 2.25 4.25
03 Months 2.75 4.00
06 Months 2.50 4.50
12 Months 2.75 5.00
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T-Bill Secondary Market Data
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3 Months, 6 Months &
12 Months Instruments
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Days to Maturity Yield Range %
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0-7 Days 2.90-3.40
8-15 Days 2.10-2.45
16-30 Days 1.70-2.00
31-60 Days 1.60-2.00
61-90 Days 1.70-2.00
91-120 Days 1.50-1.80
121-180 Days 1.65-1.75
181-270 Days 1.80-2.10
271-365 Days 2.00-2.20
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Kerb Market FX Rate
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Currency Bid Offer
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USD 58.05 58.10
EUR 69.75 70.00
GBP 104.00 104.25
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