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Print 2008-02-01
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 31, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 31, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 6.50% - 7.00%. In Clean, the trading levels varied between 6.00% - 7.75% and in Call the trades were seen in the range of 4.50% - 6.50%. Money market closed at the level of 3.00% - 4.00%. SBP conducted an OMO for 7 days and mopped up PKR 34 billion @8.75% against the total participation of PKR 36.8 billion.
For Friday it is expected that money market would trade at the level of 6.00% - 7.00%.
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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 3.00 7.50 3.50 8.00 5.50
1-Week 8.25 8.75 8.50 8.90 8.60
2-Weeks 8.65 9.00 8.80 9.10 8.89
1-Month 9.00 9.30 9.25 9.40 9.24
2-Months 9.35 9.55 9.50 9.65 9.51
3-Months 9.45 9.65 9.50 9.70 9.58
4-Months 9.50 9.65 9.60 9.75 9.63
5-Months 9.50 9.65 9.60 9.75 9.63
6-Months 9.50 9.70 9.65 9.80 9.66
9-Months 9.55 9.70 9.65 9.80 9.68
1-Year 9.60 9.75 9.70 9.85 9.73
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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 4.00 8.00 4.50 8.50 6.25
1-Week 8.75 9.25 9.00 9.50 9.13
2-Weeks 9.00 9.50 9.25 9.60 9.34
1-Month 9.25 9.50 9.50 9.75 9.50
2-Months 9.75 10.00 9.90 10.10 9.94
3-Months 9.75 10.00 9.90 10.10 9.94
4-Months 9.75 10.10 10.00 10.25 10.03
5-Months 9.80 10.20 10.00 10.40 10.10
6-Months 9.90 10.30 10.10 10.50 10.20
9-Months 10.00 10.40 10.25 10.50 10.29
1-Year 10.00 10.50 10.25 10.60 10.34
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.60 9.70
0.6-1.0 Years 9.60 9.70
1.1-1.5 Years 9.70 9.75
1.6-2.0 Years 9.80 9.90
2.1-2.5 Years 9.90 10.00
2.6-3.0 Years 10.00 10.10
3.1-3.5 Years 10.05 10.15
3.6-4.0 Years 10.10 10.20
4.1-4.5 Years 10.15 10.25
4.6-5.0 Years 10.20 10.30
5.1-5.5 Years 10.25 10.35
5.6-6.0 Years 10.25 10.35
6.1-6.5 Years 10.30 10.40
6.6-7.0 Years 10.30 10.40
7.1-7.5 Years 10.40 10.50
7.6-8.0 Years 10.40 10.50
8.1-8.5 Years 10.50 10.60
8.6-9.0 Years 10.70 10.80
9.1-9.5 Years 10.80 10.90
9.5-10.0 Years 10.85 10.95
15 Years 11.75 11.85
20 Years 11.95 12.05
30 Years 12.10 12.20
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.25
3 Months 10.00 10.50
6 Months 10.25 10.75
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 9.25-9.50
8-15 Days 9.30-9.60
16-30 Days 9.30-9.60
31-60 Days 9.45-9.55
61-90 Days 9.50-9.65
91-120 Days 9.50-9.60
121-180 Days 9.50-9.60
181-270 Days 9.60-9.70
271-365 Days 9.50-9.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 62.70 62.80
EUR 92.30 92.50
GBP 124.35 124.55
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