AGL 39.50 Decreased By ▼ -0.50 (-1.25%)
AIRLINK 129.00 Decreased By ▼ -0.06 (-0.05%)
BOP 6.65 Decreased By ▼ -0.10 (-1.48%)
CNERGY 4.73 Increased By ▲ 0.24 (5.35%)
DCL 8.40 Decreased By ▼ -0.15 (-1.75%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 80.75 Decreased By ▼ -0.21 (-0.26%)
FCCL 32.37 Decreased By ▼ -0.40 (-1.22%)
FFBL 74.98 Increased By ▲ 0.55 (0.74%)
FFL 11.53 Decreased By ▼ -0.21 (-1.79%)
HUBC 109.21 Decreased By ▼ -0.37 (-0.34%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.51 Decreased By ▼ -0.21 (-2.72%)
MLCF 38.25 Decreased By ▼ -0.35 (-0.91%)
NBP 63.30 Decreased By ▼ -0.21 (-0.33%)
OGDC 192.30 Decreased By ▼ -2.39 (-1.23%)
PAEL 25.49 Decreased By ▼ -0.22 (-0.86%)
PIBTL 7.31 Decreased By ▼ -0.08 (-1.08%)
PPL 153.50 Decreased By ▼ -1.95 (-1.25%)
PRL 25.35 Decreased By ▼ -0.44 (-1.71%)
PTC 17.00 Decreased By ▼ -0.50 (-2.86%)
SEARL 77.71 Decreased By ▼ -0.94 (-1.2%)
TELE 7.55 Decreased By ▼ -0.31 (-3.94%)
TOMCL 33.27 Decreased By ▼ -0.46 (-1.36%)
TPLP 8.27 Decreased By ▼ -0.13 (-1.55%)
TREET 15.95 Decreased By ▼ -0.32 (-1.97%)
TRG 57.25 Decreased By ▼ -0.97 (-1.67%)
UNITY 27.78 Increased By ▲ 0.29 (1.05%)
WTL 1.39 No Change ▼ 0.00 (0%)
BR100 10,440 Decreased By -5.3 (-0.05%)
BR30 31,163 Decreased By -26.8 (-0.09%)
KSE100 97,184 Decreased By -614.5 (-0.63%)
KSE30 30,261 Decreased By -219.2 (-0.72%)

The State Bank on Wednesday raised over Rs 18 billion through the auction of Treasury Bills, but the outflow could not ease the pressure of surplus liquidity in money market.
The SBP remained close to its target of Rs 20 billion and sold 6-month T-bills worth Rs 18.435 billion at a little improved cut-off yield.
The cut-off yield on 6-month T-bills improved from 1.73 percent to 1.78 percent, an increase of 5 basis points.
Experts said the money market remained liquid despite outflow of Rs 18.4 billion from the system.
The surplus liquidity did not allow the overnight rate to see an uppish change and remained stick to 0.2 percent. On last Friday, the overnight rate was the same.
Experts said the market was still long with Rs 10 to Rs 12 billion and expressed hope that the State Bank might conduct Open Market Operation to pick up surplus liquidity.

Copyright Business Recorder, 2004

Comments

Comments are closed.