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Print 2008-03-01
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 29,2008).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 29,2008).
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 9.75% - 10.00% and in Call the trades were seen in the range of 9.50% - 10.40%. Money market closed at the level of 10.40%. SBP reported a discounting of Rs 11.5 billion.
For Saturday it is expected that money market would trade at the level of 9.25% - 10.00%.
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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 9.25 10.40 9.40 10.40 9.86
1-Week 9.40 9.70 9.50 9.75 9.59
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 9.45 9.50 9.50 9.60 9.51
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 10.40 9.60 10.50 10.00
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
40 Years - -
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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 10.00-10.25
16-30 Days 9.60-9.80
31-60 Days 9.50-9.70
61-90 Days 9.50-9.65
91-120 Days 9.50-9.65
121-180 Days 9.70-9.80
181-270 Days 9.75-9.80
271-365 Days 9.97-10.01
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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 94.55 94.75
GBP 123.75 123.95
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