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Print 2007-08-19
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 18, 2007).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 18, 2007).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.25% - 9.75%. SBP announced 4 days OMO and mopped up PKR 5.1 billion @ 8.95% against the total participation of PKR 6.5 billion. After this result market experienced a lending pressure and touched a low of 6.50%.
Most of the repo deals were done at 7.50%. In Call and Clean major trades were seen between the level of 9.00% - 9.50%. Money Market closed at the level of 6.50% - 7.00%. For Monday it is expected that money market would remain at the level of 9.25% - 9.75%.
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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 6.50 9.25 6.75 9.50 8.00
1-Week 8.90 9.15 9.15 9.20 9.10
2-Weeks 8.90 9.10 9.15 9.25 9.10
1-Month 9.00 9.15 9.15 9.25 9.14
2-Months 9.00 9.30 9.15 9.35 9.20
3-Months 9.10 9.30 9.20 9.35 9.24
4-Months 9.10 9.35 9.25 9.40 9.28
5-Months 9.15 9.30 9.30 9.40 9.29
6-Months 9.20 9.40 9.30 9.50 9.35
9-Months 9.25 9.40 9.35 9.50 9.38
1-Year 9.25 9.50 9.35 9.60 9.43
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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 7.25 9.30 7.75 9.65 8.49
1-Week 9.10 9.50 9.30 9.60 9.38
2-Weeks 9.20 9.40 9.30 9.50 9.35
1-Month 9.25 9.50 9.40 9.60 9.44
2-Months 9.25 9.75 9.50 9.85 9.59
3-Months 9.50 9.90 9.70 10.00 9.78
4-Months 9.60 9.90 9.75 10.10 9.84
5-Months 9.75 10.00 9.90 10.25 9.98
6-Months 9.75 10.10 10.00 10.25 10.03
9-Months 10.00 10.50 10.25 10.60 10.34
1-Year 10.10 10.60 10.30 10.75 10.44
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.40 9.50
0.6-1.0 Years 9.45 9.50
1.1-1.5 Years 9.50 9.60
1.6-2.0 Years 9.50 9.65
2.1-2.5 Years 9.55 9.65
2.6-3.0 Years 9.60 9.65
3.1-3.5 Years 9.60 9.70
3.6-4.0 Years 9.60 9.70
4.1-4.5 Years 9.65 9.75
4.6-5.0 Years 9.80 9.90
5.1-5.5 Years 9.85 9.95
5.6-6.0 Years 9.95 10.00
6.1-6.5 Years 10.00 10.05
6.6-7.0 Years 10.00 10.10
7.1-7.5 Years 10.10 10.20
7.6-8.0 Years 10.25 10.40
8.1-8.5 Years 10.25 10.35
8.6-9.0 Years 10.26 10.29
9.5-10.0 Years 10.31 10.35
15 Years 11.20 11.50
20 Years 11.40 11.70
30 Years 11.75 12.10
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.40 9.50
0.6-1.0 Years 9.50 9.60
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.25
3 Months 9.90 10.25
6 Months 10.00 10.50
12 Months 10.25 10.75
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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 9.50-9.90
8-15 Days 9.25-9.50
16-30 Days 9.10-9.40
31-60 Days 9.00-9.25
61-90 Days 9.00-9.25
91-120 Days 9.05-9.20
121-180 Days 9.20-9.30
181-270 Days 9.35-9.39
271-365 Days 9.36-9.40
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.75 60.80
EUR 81.65 81.85
GBP 120.15 120.35
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