Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 28,2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.25% - 9.75%. In Clean, the trading levels varied between the range of 9.50% - 10.00% and in Call the trades were seen in the range of 9.50% - 10.00%. Money market closed at the level of 9.50% - 9.75%.
For Friday it is expected that money market would trade at the level of 9.75% - 10.40%.

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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    9.25      10.15       9.50       10.25          9.79

1-Week       9.40       9.70       9.60        9.75          9.61

2-Weeks      9.40       9.70       9.55        9.75          9.60

1-Month      9.40       9.65       9.55        9.75          9.59

2-Months     9.40       9.50       9.50        9.60          9.50

3-Months     9.45       9.55       9.55        9.75          9.58

4-Months     9.50       9.65       9.65        9.75          9.64

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       9.75        9.90          9.78

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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    9.50      10.25       9.60       10.40          9.94

1-Week       9.75      10.00       9.90       10.25          9.98

2-Weeks      9.75      10.00      10.00       10.25         10.00

1-Month      9.75      10.25      10.00       10.40         10.10

2-Months     9.75      10.25      10.00       10.50         10.13

3-Months     9.75      10.30      10.00       10.50         10.14

4-Months     9.75      10.35      10.00       10.50         10.15

5-Months     9.90      10.40      10.20       10.50         10.25

6-Months    10.00      10.40      10.25       10.50         10.29

9-Months    10.00      10.50      10.25       10.60         10.34

1-Year      10.10      10.50      10.30       10.60         10.38

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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 Years    11.10     11.20

15 Years          11.70     11.80

20 Years          11.90     12.00

30 Years          12.10     12.30

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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       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              10.25-10.50

8-15 Days              9.75-10.00

16-30 Days              9.50-9.70

31-60 Days              9.50-9.70

61-90 Days              9.50-9.65

91-120 Days             9.50-9.65

121-180 Days            9.65-9.75

181-270 Days            9.75-9.80

271-365 Days           9.75-10.00

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Kerb Market FX Rate

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Currency       Bid          Offer

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USD           62.50         62.60

EUR           94.10         94.30

GBP          123.45        123.65

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