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Print 2006-06-18
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 17, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 17, 2006).
DAILY MONEY MARKET COMMENTS: Today the interbank money market initiated with overnight deals were witnessed at 8.25% - 8.75% and later in the day market becomes volatile as some of the transactions were seen at 8.50 but market closed at 8.90. The State Bank of Pakistan reported discounting of Rs 4.00 billion.
As for Saturday it is expected that money market would remain within the band of 8.50% - 8.90%.
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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 8.90 8.50 8.95 8.65
1-Week 8.50 8.80 8.65 8.85 8.70
2-Weeks 8.50 8.75 8.65 8.80 8.68
1-Month 8.50 8.75 8.60 8.75 8.65
2-Months 8.40 8.60 8.50 8.65 8.54
3-Months 8.40 8.60 8.50 8.65 8.54
4-Months 8.40 8.65 8.55 8.70 8.58
5-Months 8.40 8.65 8.55 8.70 8.58
6-Months 8.50 8.70 8.65 8.75 8.65
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 8.75 9.15 8.90 9.25 9.01
1-Week 8.75 9.00 8.90 9.10 8.94
2-Weeks 8.75 9.25 9.00 9.50 9.13
1-Month 8.75 9.20 8.90 9.30 9.04
2-Months 8.90 9.40 9.00 9.50 9.20
3-Months 9.00 9.50 9.25 9.60 9.34
4-Months 9.10 9.50 9.25 9.75 9.40
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 9.60 9.70
7.1-7.5 Years 9.60 9.70
7.6-8.0 Years 9.65 9.75
8.1-8.5 Years 9.65 9.75
8.6-9.0 Years - -
9.1-9.5 Years - -
9.5-10.0 Years 9.75 9.80
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 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
3.5-4.0 Years - -
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.25 9.50
3 Months 9.50 10.00
6 Months 10.00 10.50
12 Months 10.75 11.25
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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 8.50-9.00
8-15 Days 8.40-8.75
16-30 Days 8.50-8.65
31-60 Days 8.50-8.65
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 60.40 60.50
EUR 76.40 76.60
GBP 111.65 1112.10
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