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Print 2008-02-12
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 11, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 11, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.75% - 9.25%. In Clean, the trading levels varied between the range of 9.25% - 9.50% and in Call the trades were seen in the range of 8.90% - 9.25%. Money market closed at the top level of 4.50% - 5.00%. SBP announced the pre-auction target of T. Bills PKR75bn.
For Tuesday it is expected that money market would trade at the level of 6.00% - 7.00%.
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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 4.00 9.00 4.50 9.25 6.69
1-Week 8.00 8.75 8.50 9.00 8.56
2-Weeks 8.90 9.25 9.05 9.30 9.13
1-Month 9.05 9.30 9.15 9.40 9.23
2-Months 9.30 9.60 9.45 9.65 9.50
3-Months 9.40 9.65 9.50 9.75 9.58
4-Months 9.50 9.70 9.65 9.80 9.66
5-Months 9.50 9.75 9.65 9.80 9.68
6-Months 9.55 9.75 9.70 9.90 9.73
9-Months 9.60 9.80 9.70 9.90 9.75
1-Year 9.65 9.80 9.70 9.90 9.76
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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 4.50 9.10 4.75 9.25 6.90
1-Week 8.50 9.25 9.75 9.50 9.25
2-Weeks 9.20 9.40 9.25 9.50 9.34
1-Month 9.40 9.60 9.50 9.75 9.56
2-Months 9.75 10.00 9.90 10.10 9.94
3-Months 9.75 10.25 9.90 10.40 10.08
4-Months 9.75 10.25 10.00 10.40 10.10
5-Months 9.90 10.30 10.20 10.50 10.23
6-Months 10.00 10.30 10.25 10.50 10.26
9-Months 10.00 10.40 10.25 10.50 10.29
1-Year 10.00 10.50 10.25 10.60 10.34
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 9.60 9.70
0.6-1.0 Years 9.60 9.70
1.1-1.5 Years 9.70 9.75
1.6-2.0 Years 9.80 9.90
2.1-2.5 Years 9.90 10.00
2.6-3.0 Years 10.10 10.20
3.1-3.5 Years 10.10 10.20
3.6-4.0 Years 10.15 10.25
4.1-4.5 Years 10.20 10.30
4.6-5.0 Years 10.50 10.60
5.1-5.5 Years 10.60 10.70
5.6-6.0 Years 10.60 10.70
6.1-6.5 Years 10.70 10.80
6.6-7.0 Years 10.70 10.80
7.1-7.5 Years 10.75 10.85
7.6-8.0 Years 10.85 10.95
8.1-8.5 Years 10.85 10.95
8.6-9.0 Years 10.90 11.00
9.1-9.5 Years 10.90 11.00
9.5-10.0 Year 11.15 11.30
15 Years 11.75 11.85
20 Years 12.00 12.20
30 Years 12.30 12.40
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 9.75 10.00
3 Months 10.00 10.25
6 Months 10.25 10.75
12 Months 10.50 11.00
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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 8.75-9.25
8-15 Days 9.10-9.40
16-30 Days 9.25-9.40
31-60 Days 9.40-9.50
61-90 Days 9.40-9.50
91-120 Days 9.50-9.60
121-180 Days 9.50-9.60
181-270 Days 9.60-9.80
271-365 Days 9.60-9.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 62.90 63.00
EUR 91.40 91.60
GBP 122.50 122.70
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