Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 04, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 7.50% - 8.25%. In Clean, the trading levels varied between 8.75% - 9.25% and in Call the trades were seen in the range of 9.00% - 9.90%. Money market closed at the level of 9.90%. SBP conducted 3 days OMO and mopped up Rs 10.2 billion @ 8.86 % against the total participation of Rs 20.5 billion.
For Saturday it is expected that money market would trade at the level of 9.00% - 9.50%.

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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     9.90       7.25         9.95          8.53

1-Week        8.50     8.75       8.60         9.00          8.71

2-Weeks       9.20     9.30       9.30         9.40          9.30

1-Month       9.15     9.25       9.25         9.40          9.26

2-Months      9.20     9.35       9.30         9.45          9.33

3-Months      9.20     9.30       9.30         9.40          9.30

4-Months      9.30     9.45       9.45         9.50          9.43

5-Months      9.30     9.45       9.40         9.50          9.41

6-Months      9.30     9.50       9.40         9.55          9.44

9-Months      9.35     9.45       9.40         9.55          9.44

1-Year        9.35     9.50       9.40         9.55          9.45

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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     8.00     9.90        8.50       10.00          9.10

1-Week        9.25     9.50        9.55        9.60          9.48

2-Weeks       9.40     9.55        9.60        9.70          9.56

1-Month       9.40     9.50        9.50        9.65          9.51

2-Months      9.50     9.65        9.60        9.75          9.63

3-Months      9.60     9.75        9.70        9.80          9.71

4-Months      9.50     9.75        9.60        9.80          9.66

5-Months      9.50     9.90        9.65        9.90          9.74

6-Months      9.60    10.00        9.75       10.10          9.86

9-Months      9.75    10.10       10.00       10.25         10.03

1-Year        9.90    10.25       10.10       10.40         10.16

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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      9.65      9.70

3.1-3.5 Years      9.70      9.75

3.6-4.0 Years      9.70      9.75

4.1-4.5 Years      9.80      9.85

4.6-5.0 Years      9.85      9.90

5.1-5.5 Years      9.90      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     10.35

8.1-8.5 Years     10.30     10.35

8.6-9.0 Years     10.30     10.35

9.5-10.0 Years    10.35     10.40

15 Years          11.25     11.35

20 Years          11.30     11.40

30 Years          11.50     11.70

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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        9.90         10.25

3 Months       9.75         10.00

6 Months      10.00         10.50

12 Months     10.25         10.50

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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               9.75-10.00

8-15 Days               9.60-9.90

16-30 Days              9.40-9.50

31-60 Days              9.35-9.40

61-90 Days              9.30-9.40

91-120 Days             9.35-9.40

121-180 Days            9.35-9.40

181-270 Days            9.40-9.45

271-365 Days            9.40-9.45

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Kerb Market FX Rate

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Currency       Bid          Offer

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USD           61.60         61.70

EUR           90.90         90.10

GBP          122.30        122.50

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