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Print 2008-05-23
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 22, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 22, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 10.00% - 10.40%. In Clean, trading levels varied between 11.25% - 12.00% and in Call most of the deals were done with in the range of 11.50% - 12.50%. Money market closed at the level of 10.40%. SBP reported a discounting of PKR 16.4 billion.
For Friday it is expected that money market would trade at the level of 10.40%.
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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 10.40 10.45 10.40 10.50 10.44
1-Week 9.70 10.00 9.90 10.25 9.96
2-Weeks 9.80 10.00 9.95 10.25 10.00
1-Month 9.80 10.00 9.90 10.25 9.99
2-Months 9.85 10.10 10.00 10.25 10.05
3-Months 9.85 10.15 10.00 10.25 10.06
4-Months 9.95 10.20 10.10 10.30 10.14
5-Months 10.00 10.20 10.15 10.30 10.16
6-Months 10.00 10.25 10.20 10.30 10.19
9-Months 10.00 10.25 10.25 10.35 10.21
1-Year 10.10 10.30 10.25 10.40 10.26
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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 10.50 11.25 11.00 11.75 11.13
1-Week 10.75 11.20 11.00 11.50 11.11
2-Weeks 10.50 11.00 10.75 11.25 10.88
1-Month 10.75 11.00 10.90 11.25 10.98
2-Months 10.85 11.00 11.00 11.40 11.06
3-Months 10.90 11.15 11.00 11.50 11.14
4-Months 10.50 11.00 11.10 11.25 10.96
5-Months 10.75 11.25 11.25 11.25 11.13
6-Months 10.75 11.25 11.25 11.50 11.19
9-Months 11.00 11.40 11.40 11.60 11.35
1-Year 11.00 11.50 11.50 11.75 11.44
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 10.00 10.20
0.6-1.0 Years 10.25 10.30
1.1-1.5 Years 10.25 10.35
1.6-2.0 Years 10.40 10.50
2.1-2.5 Years 10.45 10.55
2.6-3.0 Years 10.70 10.80
3.1-3.5 Years 10.75 10.85
3.6-4.0 Years 10.80 10.90
4.1-4.5 Years 10.90 11.00
4.6-5.0 Years 10.95 11.05
5.1-5.5 Years 11.00 11.10
5.6-6.0 Years 11.20 11.30
6.1-6.5 Years 11.30 11.40
6.6-7.0 Years 11.60 11.70
7.1-7.5 Years 11.70 11.80
7.6-8.0 Years 11.85 11.95
8.1-8.5 Years 11.90 12.00
8.6-9.0 Years 11.90 12.00
9.1-9.5 Years 11.95 12.10
9.5-10.0 Year 11.95 12.10
15 Years 12.20 12.40
20 Years 12.40 12.60
30 Years 12.60 12.70
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 11.00 11.50
3 Months 10.75 11.25
6 Months 11.00 11.50
12 Months 11.25 11.75
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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 9.50-10.00
8-15 Days 9.25-9.75
16-30 Days 9.60-9.70
31-60 Days 9.60-9.65
61-90 Days 9.70-9.80
91-120 Days 9.75-9.85
121-180 Days 9.90-10.00
181-270 Days 10.05-10.15
271-365 Days 10.15-10.20
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Kerb Market FX Rate
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Currency Bid Offer
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USD 69.90 70.20
EUR 109.90 110.20
GBP 137.80 138.10
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