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Print 2008-06-28
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 27, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 27, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.50% - 10.25%. In Clean, trading levels varied between 13.00% - 14.50% and in Call most of the deals were done within the range of 3.00% -13.00%. Money Market closed at the level of 3.00% - 4.00%. SBP announced 3 days OMO and mopped up Rs 20 bln @ 9.95% against the total participation of Rs 21.5 bln.
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 1.50 11.75 2.00 11.90 6.79
1-Week 10.50 11.00 10.75 11.25 10.88
2-Week 10.90 11.10 11.00 11.20 11.05
1-Month 11.00 11.25 11.20 11.40 11.21
2-Months 11.25 11.40 11.40 11.50 11.39
3-Months 11.35 11.50 11.50 11.60 11.49
4-Months 11.40 11.50 11.50 11.65 11.51
5-Months 11.45 11.55 11.55 11.65 11.55
6-Months 11.45 11.60 11.55 11.70 11.58
9-Months 11.50 11.60 11.60 11.70 11.60
1-Year 11.50 11.65 11.60 11.80 11.64
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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 3.00 12.50 4.00 13.00 8.13
1-Week 12.50 15.00 13.50 16.00 14.25
2-Week 13.50 15.50 14.00 16.00 14.75
1-Month 13.00 15.00 14.00 16.00 14.50
2-Months 12.50 15.00 13.50 16.00 14.25
3-Months 13.00 14.50 14.00 15.50 14.25
4-Months 13.00 14.50 14.00 15.50 14.25
5-Months 13.75 14.50 14.25 15.50 14.50
6-Months 14.00 14.75 14.50 15.50 14.69
9-Months 14.25 15.00 14.75 16.00 15.00
1-Year 14.50 15.50 15.00 16.00 15.25
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 11.25 11.40
0.6-1.0 Years 11.75 11.90
1.1-1.5 Years 12.00 12.20
1.6-2.0 Years 12.30 12.60
2.1-2.5 Years 12.40 12.60
2.6-3.0 Years 12.75 12.85
3.1-3.5 Years 12.75 12.85
3.6-4.0 Years 12.80 12.90
4.1-4.5 Years 12.80 12.90
4.6-5.0 Years 12.85 12.95
5.1-5.5 Years 12.85 12.95
5.6-6.0 Years 12.90 12.95
6.1-6.5 Years 12.90 13.00
6.6-7.0 Years 12.95 13.00
7.1-7.5 Years 12.95 13.05
7.6-8.0 Years 12.95 13.05
8.1-8.5 Years 12.95 13.10
8.6-9.0 Years 13.00 13.10
9.1-9.5 Years 13.05 13.15
9.5-10.0Years 13.10 13.25
15 Years 13.40 13.70
20 Years 13.70 13.90
30 Years 13.75 14.00
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 14.00 16.00
3 Months 14.50 16.00
6 Months 14.50 16.50
12 Months 15.00 17.00
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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 11.25-11.75
8-15 Days 11.25-11.50
16-30 Days 11.25-11.40
31-60 Days 11.10-11.30
61-90 Days 11.30-11.40
91-120 Days 11.35-11.45
121-180 Days 11.40-11.50
181-270 Days 11.50-11.60
271-365 Days 11.65-11.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 68.40 68.60
EUR 106.60 107.00
GBP 134.40 134.80
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