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Print 2005-11-02
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 01, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 01, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates were initiated at the level of 8.90%. However, in clean & call placements the overnight interest rates were at 9.75% - 10.25%. Today money market closed at the level of 8.90%.
SBP conducted OMO and injected PKR 5 billion @8.55% against the total participation of PKR 21 billion. However SBP reported discounting of PKR 10.1 billion.
Keeping in view of today's interbank market we believe that on Wednesday overnight repo rates will remain at the level of 8.90%..
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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 8.50 8.90 8.75 8.90 8.76
1-Week 8.40 8.75 8.60 8.90 8.66
2-Week 8.30 8.50 8.50 8.75 8.51
1-Month 8.25 8.40 8.40 8.60 8.41
2-Months 8.30 8.40 8.40 8.50 8.40
3-Months 8.30 8.50 8.45 8.60 8.46
4-Months 8.35 8.50 8.50 8.65 8.50
5-Months 8.40 8.50 8.50 8.70 8.53
6-Months 8.50 8.60 8.60 8.75 8.61
9-Months 8.50 8.65 8.65 8.75 8.64
1-Year 8.55 8.70 8.75 8.85 8.71
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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 9.00 9.50 9.50 10.00 9.50
1-Week 8.90 9.25 9.50 10.00 9.41
2-Week 8.75 9.25 9.50 10.00 9.38
1-Month 8.75 9.00 9.25 9.50 9.13
2-Months 8.60 9.25 9.25 9.75 9.21
3-Months 8.75 9.50 9.00 9.90 9.29
4-Months 8.75 9.50 9.00 10.00 9.31
5-Months 8.80 9.60 9.25 10.00 9.41
6-Months 8.75 9.75 9.15 10.00 9.41
9-Months 8.80 9.75 9.35 10.00 9.48
1-Year 9.10 10.00 9.70 10.20 9.75
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.35 8.60
0.6-1.0 Years 8.75 8.80
1.1-1.5 Years 8.85 9.05
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 9.00 9.05
3.1-3.5 Years 9.00 9.10
3.6-4.0 Years 9.00 9.15
4.1-4.5 Years 9.10 9.25
4.6-5.0 Years 9.20 9.35
5.1-5.5 Years 9.20 9.30
5.6-6.0 Years 9.25 9.35
6.1-6.5 Years 9.30 9.40
6.6-7.0 Years 9.30 9.40
7.1-7.5 Years 9.30 9.40
7.6-8.0 Years 9.30 9.45
8.1-8.5 Years 9.40 9.50
8.6-9.0 Years 9.00 9.05
15 Years 10.50 10.75
20 Years 10.75 11.00
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.10 8.30
0.6-1.0 Years 8.40 8.75
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.00 9.15
2.1-2.5 Years 9.00 9.10
2.6-3.0 Years 9.10 9.15
3.1-3.5 Years 9.10 9.20
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.50 9.90
3 Months 9.60 10.00
6 Months 10.00 10.50
12 Months 10.50 11.00
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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 8.85-9.40
8-15 Days 8.75-9.25
16-30 Days 8.25-8.50
31-60 Days 8.15-8.40
61-90 Days 8.15-8.35
91-120 Days 8.25-8.40
121-180 Days 8.35-8.45
181-270 Days 8.60-8.75
271-365 Days 8.75-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 59.75 59.85
EUR 71.30 71.60
GBP 105.20 105.60
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