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Print 2006-06-08
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 07, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 07, 2006).
DAILY MONEY MARKET COMMENTS: The money market rates initiated within the band of 8.75% - 8.90%. As the day passed most of the trades were seen in the vicinity of 8.90%. Money market closed at 8.90% with SBP conducted an auction for the sale of 3, 6 & 12 months Treasury bills and accepted PKR 1.535 billion @ 8.325% in 3 months, PKR 600 million @ 8.443% in 6 months and PKR 25.7 billion @ 8.7907% in 12 months against the total participation of PKR 31.7 billion.
As for Thursday it is expected that money market would remain within the band 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 7.50 8.50 8.00 8.75 8.19
Overnight 8.70 8.90 8.85 8.90 8.84
1-Week 8.35 8.40 8.40 8.50 8.41
2-Weeks 8.30 8.40 8.50 8.55 8.44
1-Month 8.30 8.50 8.40 8.60 8.45
2-Months 8.30 8.55 8.35 8.65 8.46
3-Months 8.30 8.50 8.40 8.65 8.46
4-Months 8.25 8.50 8.35 8.60 8.43
5-Months 8.40 8.55 8.50 8.65 8.53
6-Months 8.50 8.60 8.65 8.70 8.61
9-Months 8.60 8.75 8.75 8.85 8.74
1-Year 8.70 8.80 8.80 8.85 8.79
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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 8.85 8.95 8.95 9.00 8.94
1-Week 8.50 8.75 8.65 8.90 8.70
2-Weeks 8.65 8.80 8.85 9.10 8.85
1-Month 8.75 9.00 8.90 9.25 8.98
2-Months 8.90 9.25 9.10 9.50 9.19
3-Months 9.00 9.40 9.25 9.60 9.31
4-Months 9.10 9.40 9.25 9.75 9.38
5-Months 9.25 9.50 9.40 9.75 9.48
6-Months 9.35 9.60 9.50 9.75 9.55
9-Months 9.50 10.00 9.80 10.25 9.89
1-Year 9.60 10.00 9.80 10.25 9.91
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.60 8.70
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
3.6-4.0 Years 9.45 9.50
4.1-4.5 Years 9.45 9.50
4.6-5.0 Years 9.55 9.60
5.1-5.5 Years 9.55 9.60
5.6-6.0 Years 9.55 9.65
6.1-6.5 Years 9.60 9.65
6.6-7.0 Years 9.65 9.70
7.1-7.5 Years 9.65 9.70
7.6-8.0 Years 9.70 9.75
8.1-8.5 Years 9.70 9.75
9.5-10.0 Years 9.75 9.85
15 Years 10.75 11.00
20 Years 11.00 11.50
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 7.90 8.00
0.1-0.5 Years 8.60 8.70
0.6-1.0 Years 8.80 8.90
1.1-1.5 Years 8.90 9.05
1.6-2.0 Years 9.20 9.30
2.1-2.5 Years 9.20 9.30
2.6-3.0 Years 9.31 9.35
3.1-3.5 Years 9.35 9.45
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.50 10.00
3 Months 9.75 10.25
6 Months 10.00 10.50
12 Months 11.00 11.50
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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 8.25-8.75
8-15 Days 8.25-8.60
16-30 Days 8.45-8.55
31-60 Days 8.45-8.55
61-90 Days 8.50-8.60
91-120 Days 8.50-8.60
121-180 Days 8.55-8.65
181-270 Days 8.60-8.70
271-365 Days 8.78-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.45 60.55
EUR 77.30 77.60
GBP 112.20 112.50
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