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Print 2008-09-11
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 10, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 10, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.50% - 10.00%. In Clean, trading levels varied between 14.00% - 15.00% and in Call most of the deals were done within the range of 10.00% - 15.00%. Money Market closed at the level of 9.50% - 10.00%.
SBP conducted an auction of Treasury bill and accepted PKR 15.18 [email protected]%in 3 months against the total participation of PKR 45.79 bln. Bids in 6 months T-Bills were rejected against total participation of PKR 650 million. There was no participation in 12 months T-Bills. For Thursday it is expected that money market would trade at the level of 10.00% - 11.00%.
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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 9.00 12.75 9.50 12.90 11.04
1-Week 11.25 11.75 11.50 12.00 11.63
2-Week 11.75 12.00 12.10 12.30 12.04
1-Month 12.00 12.20 12.25 12.30 12.19
2-Months 12.10 12.40 12.25 12.50 12.31
3-Months 12.10 12.40 12.25 12.50 12.31
4-Months 12.15 12.40 12.25 12.50 12.33
5-Months 12.20 12.40 12.30 12.50 12.35
6-Months 12.25 12.45 12.35 12.55 12.40
9-Months 12.25 12.50 12.35 12.60 12.43
1-Year 12.25 12.55 12.40 12.65 12.46
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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 10.00 15.00 10.50 15.50 12.75
1-Week 12.50 14.50 13.00 15.00 13.75
2-Week 13.00 14.50 13.50 15.00 14.00
1-Month 13.50 14.50 14.00 15.00 14.25
2-Months 13.50 14.50 14.00 15.00 14.25
3-Months 13.50 15.00 14.00 15.50 14.50
4-Months 13.50 15.00 13.75 15.50 14.44
5-Months 13.50 15.25 14.00 15.75 14.63
6-Months 13.50 15.25 14.00 15.75 14.63
9-Months 13.75 15.50 14.50 16.00 14.94
1-Year 13.75 15.50 14.50 16.00 14.94
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 12.00 12.25
0.6-1.0 Years 12.40 12.50
1.1-1.5 Years 13.25 13.35
1.6-2.0 Years 13.25 13.35
2.1-2.5 Years 13.30 13.40
2.6-3.0 Years 13.75 14.00
3.1-3.5 Years 13.80 14.00
3.6-4.0 Years 13.90 14.10
4.1-4.5 Years 13.90 14.10
4.6-5.0 Years 13.95 14.15
5.1-5.5 Years 14.00 14.10
5.6-6.0 Years 14.00 14.15
6.1-6.5 Years 14.05 14.20
6.6-7.0 Years 14.10 14.25
7.1-7.5 Years 14.15 14.25
7.6-8.0 Years 14.25 14.30
8.1-8.5 Years 14.25 14.45
8.6-9.0 Years 14.25 14.45
9.1-9.5 Years 14.25 14.50
9.5-10.0 Years 14.30 14.60
15 Years 14.70 14.90
20 Years 14.75 15.20
30 Years 15.00 15.25
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 14.25 15.00
3 Months 14.50 15.00
6 Months 14.50 15.50
12 Months 15.00 16.00
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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 11.50-12.00
8-15 Days 11.75-12.25
16-30 Days 12.20-12.30
31-60 Days 12.25-12.35
61-90 Days 12.35-12.50
91-120 Days 12.35-12.45
121-180 Days 12.35-12.45
181-270 Days 12.40-12.55
271-365 Days 12.45-12.60
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Kerb Market FX Rate
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Currency Bid Offer
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USD 76.40 76.80
EUR 108.30 109.30
GBP 135.00 136.00
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