Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 24, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates were initiated at the level of 8.25% - 8.75%. However, in clean and call placements the overnight interest rates were at 9.25%-9.75%. Today money market closed at the level of 8.75%.
Keeping in view of today's interbank market we believe that on Tuesday overnight repo rates will remain at the level of 8.50% -8.75%.

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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   8.25       8.75       8.50        8.80           8.58

1-Week      8.25       8.50       8.40        8.75           8.48

2-Week      8.25       8.50       8.40        8.70           8.46

1-Month     8.20       8.35       8.35        8.50           8.35

2-Months    8.25       8.35       8.30        8.45           8.34

3-Months    8.20       8.35       8.35        8.45           8.34

4-Months    8.25       8.40       8.35        8.55           8.39

5-Months    8.25       8.40       8.35        8.60           8.40

6-Months    8.25       8.40       8.40        8.60           8.41

9-Months    8.25       8.50       8.50        8.65           8.48

1-Year      8.45       8.60       8.70        8.80           8.64

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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   8.75       9.25       9.00        9.75           9.19

1-Week      8.40       8.75       8.60        8.80           8.64

2-Week      8.40       8.75       8.60        9.00           8.69

1-Month     8.40       9.00       8.75        9.50           8.91

2-Months    8.50       9.25       8.75        9.75           9.06

3-Months    8.60       9.50       9.00        9.75           9.21

4-Months    8.65       9.60       9.00       10.00           9.31

5-Months    8.70       9.75       9.00       10.00           9.36

6-Months    8.75       9.75       9.00       10.00           9.38

9-Months    8.80       9.75       9.25       10.00           9.45

1-Year      8.80       9.80       9.35       10.20           9.54

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PIB Secondary Market Data

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Maturity         Yield      Range

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0.1-0.5 Years     8.45       8.70

0.6-1.0 Years     8.75       8.85

1.1-1.5 Years     8.95       9.15

1.6-2.0 Years     8.90       9.05

2.1-2.5 Years     8.90       9.00

2.6-3.0 Years     8.95       9.15

3.1-3.5 Years     9.00       9.20

3.6-4.0 Years     9.00       9.25

4.1-4.5 Years     9.10       9.25

4.6-5.0 Years     9.20       9.35

5.1-5.5 Years     9.25       9.35

5.6-6.0 Years     9.30       9.40

6.1-6.5 Years     9.30       9.45

6.6-7.0 Years     9.35       9.45

7.1-7.5 Years     9.35       9.45

7.6-8.0 Years     9.40       9.50

8.1-8.5 Years     9.40       9.50

8.6-9.0 Years     9.03       9.07

15 Years         10.50      10.75

20 Years         10.75      11.00

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FIB Secondary Market Data

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Maturity       Yield        Range

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0.1-0.5 Years   8.10         8.30

0.6-1.0 Years   8.40         8.75

1.1-1.5 Years   8.80         8.90

1.6-2.0 Years   9.00         9.15

2.1-2.5 Years   9.00         9.10

2.6-3.0 Years   9.05         9.25

3.1-3.5 Years   9.10         9.30

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Clean Deposit Market

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Tenor          Range      (% p a)

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1 Month         9.40         9.80

3 Months        9.50        10.00

6 Months        9.75        10.25

12 Months      10.25        11.00

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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                8.70-9.00

8-15 Days               8.40-8.75

16-30 Days              8.25-8.40

31-60 Days              8.20-8.30

61-90 Days              8.20-8.30

91-120 Days             8.25-8.35

121-180 Days            8.25-8.40

181-270 Days            8.60-8.75

271-365 Days            8.75-8.80

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Kerb Market FX Rate

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Currency        Bid         Offer

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USD            60.00        60.07

EUR            71.50        71.80

GBP           105.75       106.00

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