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Print Print 2004-04-08

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 07, 2004).
Published April 8, 2004

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 07, 2004).
DAILY MONEY MARKET COMMENTS: The overnight Interbank Money Market was initiated in the band of 7.00% - 7.25% and increased at the level of 7.25% - 7.40% and closed at the level of 7.00% - 7.25%.
PIB 10 year 8% coupon bond was quoted in the band of 6.37% - 6.40%.



=================================================================
Repo Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.25 7.40 7.30 7.45 7.35
1-Week 3.25 3.75 3.50 4.00 3.63
2-Week 2.40 2.60 2.80 3.00 2.70
1-Month 1.80 1.90 2.10 2.30 2.03
2-Months 1.80 1.90 2.20 2.30 2.05
3-Months 1.85 1.95 2.10 2.25 2.04
4-Months 1.80 1.90 2.10 2.20 2.00
5-Months 1.85 1.95 2.15 2.25 2.05
6-Months 1.90 2.00 2.20 2.30 2.10
9-Months 2.10 2.30 2.50 2.70 2.40
1-Year 2.30 2.50 2.70 2.90 2.60
=================================================================
Call Rates (Yield p a)
-----------------------------------------------------------------
Tenor Low Bid High Bid Low Offer High Offer Average
=================================================================
Overnight 7.30 7.45 7.40 7.50 7.41
1-Week 3.50 4.00 3.75 4.25 3.88
2-Week 2.50 2.70 2.90 3.10 2.80
1-Month 2.00 2.20 2.40 2.60 2.30
2-Month 2.10 2.30 2.50 2.70 2.40
3-Month 2.00 2.20 2.40 2.60 2.30
4-Month 2.00 2.20 2.40 2.60 2.30
5-Month 2.10 2.30 2.50 2.70 2.40
6-Month 2.20 2.40 2.40 2.60 2.40
9-Month 2.20 2.40 2.60 2.80 2.50
1-Year 2.40 2.60 2.80 3.00 2.70
=================================================================
=================================
PIB Secondary Market Date
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 1.25 1.80
0.6-1.0 Years 1.75 2.20
1.1-1.5 Years 2.25 2.60
1.6-2.0 Years 2.50 3.10
2.1-2.5 Years 3.30 3.70
2.6-3.0 Years 3.60 3.70
3.1-3.5 Years 4.10 4.50
3.6-4.0 Years 4.40 4.70
4.1-4.5 Years 4.60 4.80
4.6-5.0 Years 4.70 4.80
6.6-7.0 Years 5.80 5.95
7.1-7.5 Years 6.00 6.15
7.6-8.0 Years 6.25 6.35
8.1-8.5 Years 6.32 6.36
8.6-9.0 Years 6.35 6.38
9.1-9.5 Years 6.40 6.43
9.6-10.0 Years 6.38 6.40
15 Years 7.15 7.40
20 Years 8.15 8.40
=================================
FIB Secondary Market Date
---------------------------------
Maturity Yield Range
=================================
0.1-0.5 Years 1.40 2.00
0.6-1.0 Years 1.70 2.10
1.1-1.5 Years 2.10 2.60
1.6-2.0 Years 2.60 3.10
2.1-2.5 Years 3.15 3.65
2.6-3.0 Years 3.40 3.80
3.1-3.5 Years 3.70 4.20
3.6-4.0 Years 3.80 4.30
4.1-4.5 Years 4.20 4.60
=================================
Clean Deposit Market
---------------------------------
Tenor Range (% p a)
=================================
01 Month 2.50 4.50
03 Months 2.25 4.25
06 Months 2.25 4.50
12 Months 2.50 5.00
=================================
T-Bill Secondary Market Data
=================================
3 Months, 6 Months &
12 Months Instruments
=================================
Days to Maturity Yield Range %
=================================
0-7 Days 4.25-5.50
8-15 Days 3.20-3.50
16-30 Days 1.90-2.40
31-60 Days 1.80-2.20
61-90 Days 1.75-2.00
91-120 Days 1.50-1.80
121-180 Days 1.65-1.75
181-270 Days 1.70-1.90
271-365 Days 1.80-2.40
=================================
Kerb Market FX Rate
---------------------------------
Currency Bid Offer
---------------------------------
USD 57.70 57.75
EUR 70.80 71.10
GBP 105.80 106.10
=================================

Copyright Business Recorder, 2004

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