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Print 2006-06-20
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 19, 2006).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 19, 2006).
DAILY MONEY MARKET COMMENTS: The interbank overnight money market remained a bit catchy today as it started on a comparatively lower rates of 8.70% - 8.80% however a few trades were witnessed at these levels. Later, throughout the day overnight deals were seen trading at the highest note of 98.90% - 8.95%. While in LOP, trades were seen within the vicinity of 9.25%. Today the State Bank of Pakistan reported a discounting of PKR 4.19 billion and has also announced a target of PKR 45 billion for the upcoming auction.
As keeping in today's market we expect that tomorrows market will be on the higher note of 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 8.75 8.90 8.80 8.95 8.85
1-Week 8.70 8.80 8.80 8.90 8.80
2-Weeks 8.60 8.80 8.75 8.90 8.76
1-Month 8.50 8.75 8.70 8.80 8.69
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 8.90 9.15 9.00 9.25 9.08
1-Week 8.80 9.00 8.90 9.10 8.95
2-Weeks 8.90 9.25 9.00 9.50 9.16
1-Month 8.80 9.20 8.90 9.30 9.05
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
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
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.25 9.75
3 Months 9.75 10.25
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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