Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 07, 2010).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 10.50% - 11.00%. In Repo, major deals were done in the range of 10.75% - 11.00%. Money Market closed at the level of 10.75% - 11.00%. SBP announced 2 days OMO and mopped up PKR 10.00 billion @10.79% against total participation of PKR17.00 billion. For Friday it is expected that money market would trade at the level of 10.50% - 11.00%.

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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    10.25      11.00       10.50       11.25       10.75

1-Week       10.90      11.25       11.30       11.50       11.24

2-Week       11.50      11.60       11.70       11.80       11.65

1-Month      11.65      11.80       11.80       11.90       11.79

2-Months     11.90      12.00       12.00       12.10       12.00

3-Months     11.85      12.00       12.00       12.10       11.99

4-Months     11.85      12.00       12.00       12.10       11.99

5-Months     11.90      12.05       12.00       12.15       12.03

6-Months     11.90      12.10       12.10       12.20       12.08

9-Months     11.90      12.10       12.00       12.20       12.05

1-Year       11.90      12.10       12.10       12.20       12.08

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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      11.50       10.75       11.75       11.13

1-Week       11.50      11.90       11.75       12.00       11.79

2-Week       11.65      11.90       11.80       12.10       11.86

1-Month      11.90      12.10       12.00       12.20       12.05

2-Months     12.00      12.15       12.10       12.25       12.13

3-Months     12.00      12.25       12.15       12.30       12.18

4-Months     12.15      12.25       12.20       12.30       12.23

5-Months     12.15      12.30       12.20       12.35       12.25

6-Months     12.15      12.30       12.25       12.35       12.26

9-Months     12.15      12.40       12.35       12.45       12.34

1-Year       12.25      12.45       12.40       12.50       12.40

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    12.20     12.25

0.6-1.0 Years    12.25     12.30

1.1-1.5 Years    12.25     12.30

1.6-2.0 Years    12.25     12.30

2.1-2.5 Years    12.30     12.35

2.6-3.0 Years    12.30     12.35

3.1-3.5 Years    12.30     12.35

3.6-4.0 Years    12.40     12.45

4.1-4.5 Years    12.40     12.45

4.6-5.0 Years    12.45     12.50

5.1-5.5 Years    12.50     12.55

5.6-6.0 Years    12.50     12.55

6.1-6.5 Years    12.50     12.55

6.6-7.0 Years    12.50     12.55

7.1-7.5 Years    12.55     12.60

7.6-8.0 Years    12.55     12.60

8.1-8.5 Years    12.57     12.62

8.6-9.0 Years    12.52     12.56

9.1-9.5 Years    12.52     12.56

9.5-10.0 Years   12.52     12.56

15 Years         12.70     12.80

20 Years         13.00     13.20

30 Years         13.15     13.30

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          12.10     12.25

3 Months         12.35     12.50

6 Months         12.40     12.60

12 Months        12.60     12.90

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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             11.50-11.65

8-15 Days            11.65-11.80

16-30 Days           11.85-11.95

31-60 Days           11.90-11.95

61-90 Days           11.90-11.95

91-120 Days          11.95-12.00

121-180 Days         12.00-12.05

181-270 Days         12.05-12.10

271-365 Days         12.05-12.10

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              84.55     84.85

EUR             121.00    122.00

GBP             134.80    136.00

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