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Print 2008-08-29
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 28, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 28, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.00% - 10.00%. In Clean, trading levels varied between 10.25% - 12.00% and in Call most of the deals were done within the range of 5.00% - 11.50%. Money Market closed at the level of 1.00% - 2.00%. SBP announced 2 days OMO and mopped up PKR 22.35 billion @ 9.95% against total participation of PKR 23.35 billion.
For Friday it is expected that money market would trade at the level of 7.00% -- 8.00%.
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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 1.00 9.50 2.00 10.00 5.63
1-Week 9.25 10.00 9.50 10.25 9.75
2-Week 10.75 11.35 11.00 11.50 11.15
1-Month 11.50 11.75 11.90 12.00 11.79
2-Months 12.10 12.25 12.15 12.35 12.21
3-Months 12.10 12.30 12.20 12.35 12.24
4-Months 12.15 12.35 12.25 12.40 12.29
5-Months 12.20 12.35 12.30 12.40 12.31
6-Months 12.25 12.40 12.35 12.45 12.36
9-Months 12.25 12.40 12.35 12.45 12.36
1-Year 12.25 12.45 12.40 12.50 12.40
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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 3.00 11.00 4.00 11.50 7.38
1-Week 12.00 13.00 12.50 13.50 12.75
2-Week 12.50 13.50 13.00 14.00 13.25
1-Month 13.00 13.75 13.25 14.00 13.50
2-Months 13.00 14.00 13.50 14.50 13.75
3-Months 13.00 14.50 13.50 15.00 14.00
4-Months 13.25 14.50 13.75 15.00 14.13
5-Months 13.25 14.75 14.00 15.25 14.31
6-Months 13.50 15.00 14.00 15.50 14.50
9-Months 13.75 15.00 14.50 15.50 14.69
1-Year 14.00 15.50 14.75 15.75 15.00
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 12.00 12.25
0.6-1.0 Years 12.40 12.50
1.1-1.5 Years 13.25 13.35
1.6-2.0 Years 13.25 13.35
2.1-2.5 Years 13.30 13.40
2.6-3.0 Years 13.40 13.70
3.1-3.5 Years 13.50 13.70
3.6-4.0 Years 13.60 13.85
4.1-4.5 Years 13.65 13.90
4.6-5.0 Years 13.65 13.90
5.1-5.5 Years 13.85 14.00
5.6-6.0 Years 13.85 14.10
6.1-6.5 Years 13.90 14.20
6.6-7.0 Years 13.95 14.20
7.1-7.5 Years 13.95 14.25
7.6-8.0 Years 14.00 14.30
8.1-8.5 Years 14.10 14.35
8.6-9.0 Years 14.20 14.35
9.1-9.5 Years 14.20 14.40
9.5-10.0 Years 14.15 14.25
15 Years 14.70 14.90
20 Years 15.00 15.20
30 Years 15.10 15.30
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 14.00 14.50
3 Months 14.00 15.00
6 Months 14.50 15.50
12 Months 15.00 16.00
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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 11.00-11.50
8-15 Days 11.50-12.00
16-30 Days 11.75-12.00
31-60 Days 12.25-12.35
61-90 Days 12.30-12.40
91-120 Days 12.35-12.45
121-180 Days 12.35-12.45
181-270 Days 12.40-12.55
271-365 Days 12.45-12.60
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Kerb Market FX Rate
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Currency Bid Offer
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USD 75.40 75.80
EUR 111.30 112.30
GBP 138.30 139.30
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