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Print 2008-07-06
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 05, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 05, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.00% - 9.00%. In Clean, trading levels varied between 10.50% - 11.50% and in Call most of the deals were done within the range of 9.50% -12.00%. Money Market closed at the level of 8.00% - 8.50%. SBP announced 5 days OMO and 84 days Outright mopped up Rs 31.50 bln @ 9.90%, Rs 30.75 bln @ 11.52% respectively against the total participation of Rs 80.5 bln.
For Monday it is expected that money market would trade at the level of 8.50% - 9.25%.
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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 8.00 9.00 8.50 9.50 8.75
1-Week 9.75 10.00 9.90 10.25 9.98
2-Week 10.25 10.50 10.40 10.60 10.44
1-Month 10.25 10.60 10.50 10.70 10.51
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 9.50 12.00 10.00 12.50 11.00
1-Week 11.00 12.00 11.25 12.25 11.63
2-Week 11.00 12.50 12.00 13.00 12.13
1-Month 12.00 13.50 13.00 14.00 13.13
2-Months 12.00 14.00 13.00 14.50 13.38
3-Months 12.50 14.50 13.50 15.00 13.88
4-Months 13.00 14.50 14.00 15.00 14.13
5-Months 13.50 14.50 14.00 15.50 14.38
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 12.85 12.95
4.1-4.5 Years 12.85 12.95
4.6-5.0 Years 12.90 13.00
5.1-5.5 Years 12.90 13.00
5.6-6.0 Years 12.95 13.05
6.1-6.5 Years 12.95 13.05
6.6-7.0 Years 13.00 13.10
7.1-7.5 Years 13.00 13.10
7.6-8.0 Years 13.10 13.20
8.1-8.5 Years 13.15 13.20
8.6-9.0 Years 13.20 13.30
9.1-9.5 Years 13.25 13.40
9.5-10.0Years 13.25 13.40
15 Years 13.60 13.75
20 Years 13.90 14.10
30 Years 14.00 14.25
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 13.00 14.00
3 Months 14.00 15.00
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 10.25-10.75
8-15 Days 10.50-11.00
16-30 Days 11.10-11.30
31-60 Days 11.20-11.35
61-90 Days 11.45-11.55
91-120 Days 11.50-11.60
121-180 Days 11.50-11.65
181-270 Days 11.60-11.70
271-365 Days 11.70-11.75
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Kerb Market FX Rate
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Currency Bid Offer
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USD 69.70 69.90
EUR 108.60 109.00
GBP 136.80 137.20
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