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Print 2007-03-31
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 30, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 30, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 7.00% - 7.50%. As the day progressed major trades were witnessed within the level of 7.50% - 8.00% but after the second clearing of the banks, the trading levels shoot up and trades were seen at the top level of 9.40%. In Call and Clean market remained within the band of 8.00% - 8.50% accept for one or two trades which were witnessed within the band of 09.00% - 10.00% at the closing hours. Money market closed at 9.40% and a discounting of PKR 3.6 billion is reported by SBP.
For Saturday it is expected that money market would remain within the band of 9.25% - 9.40%.
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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 7.00 9.40 7.50 9.40 8.33
1-Week 8.70 9.00 8.80 9.25 8.94
2-Weeks 8.70 8.90 8.75 9.00 8.84
1-Month 8.75 8.90 8.85 9.05 8.89
2-Months 8.75 8.90 8.85 9.00 8.88
3-Months 8.70 8.80 8.80 8.90 8.80
4-Months 8.80 9.00 8.90 9.10 8.95
5-Months 8.80 9.00 8.85 9.15 8.95
6-Months 8.85 9.00 8.90 9.20 8.99
9-Months 8.85 9.10 9.00 9.25 9.05
1-Year 8.90 9.10 9.10 9.35 9.11
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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 7.75 9.40 8.00 9.50 10.05
1-Week 9.00 9.25 9.25 9.50 9.75
2-Weeks 9.25 9.50 9.50 9.75 10.01
1-Month 9.50 10.00 9.75 10.25 10.38
2-Months 9.75 10.25 10.00 10.50 10.62
3-Months 10.00 10.25 10.25 10.50 10.77
4-Months 10.00 10.75 10.25 11.00 10.98
5-Months 10.00 10.75 10.50 11.00 11.19
6-Months 10.25 10.75 10.75 11.00 11.43
9-Months 10.40 11.00 11.00 11.50 10.98
1-Year 10.50 11.25 11.00 11.50 11.06
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.90 9.00
0.6-1.0 Years 8.90 9.10
1.1-1.5 Years 9.20 9.25
1.6-2.0 Years 9.25 9.30
2.1-2.5 Years 9.25 9.30
2.6-3.0 Years 9.30 9.35
3.1-3.5 Years 9.50 9.60
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.70 9.80
4.6-5.0 Years 9.80 9.90
5.1-5.5 Years 9.80 9.90
5.6-6.0 Years 9.85 9.95
6.1-6.5 Years 9.85 9.95
6.6-7.0 Years 9.90 10.00
7.1-7.5 Years 9.90 10.00
8.6-9.0 Years 10.00 10.10
9.1-9.5 Years 10.00 10.10
9.5-10.0 Years 10.00 10.05
15 Years 11.10 11.30
20 Years 11.30 11.60
30 Years 11.40 11.90
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.90 9.00
0.6-1.0 Years 9.00 9.10
1.1-1.5 Years 9.20 9.25
1.6-2.0 Years 9.25 9.30
2.1-2.5 Years 9.25 9.30
2.6-3.0 Years 9.30 9.35
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 10.00 10.25
3 Months 10.25 10.75
6 Months 10.75 11.25
12 Months 11.50 12.00
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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 9.25-9.50
8-15 Days 9.00-9.25
16-30 Days 8.90-9.00
31-60 Days 8.85-9.00
61-90 Days 8.60-8.70
91-120 Days 8.70-8.75
121-180 Days 8.75-8.80
181-270 Days 8.85-8.95
271-365 Days 8.95-9.00
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.60 60.65
EUR 80.60 80.70
GBP 118.70 118.80
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