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Print 2008-12-19
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 18, 2008).
Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 18, 2008).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.00% - 13.00%. In Clean, trading levels varied between 14.00% - 18.00% and in Call most of the deals were done within the range of 14.00% - 22.00%. Money Market closed at the level of 14.90%. SBP reported discounting of PKR 3.30 billion.
For Friday it is expected that money market would trade at the level of 9.00% - 14.00%.
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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 11.00 14.90 12.00 14.90 13.20
1-Week 13.00 13.25 13.50 13.75 13.38
2-Week 12.25 12.75 13.00 13.50 12.88
1-Month 13.00 13.50 13.50 14.00 13.50
2-Months 12.40 12.75 12.70 13.00 12.71
3-Months 12.75 13.25 13.25 13.50 13.19
4-Months 13.25 13.75 13.50 14.00 13.63
5-Months 13.50 13.75 13.75 14.00 13.75
6-Months 13.60 14.00 14.00 14.25 13.96
9-Months 13.90 14.20 14.25 14.50 14.21
1-Year 14.00 14.25 14.30 14.55 14.28
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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 13.75 16.00 15.00 22.00 16.69
1-Week 13.00 14.50 13.75 15.00 14.06
2-Week 12.00 13.50 13.00 14.50 13.25
1-Month 14.00 16.00 15.00 16.50 15.38
2-Months 15.00 16.00 15.50 16.50 15.75
3-Months 15.00 16.00 16.00 16.50 15.88
4-Months 15.50 16.50 16.00 17.00 16.25
5-Months 16.00 16.50 16.50 17.00 16.50
6-Months 16.00 16.50 16.50 17.00 16.50
9-Months 16.25 16.75 16.75 17.25 16.75
1-Year 16.50 17.00 17.00 17.50 17.00
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 14.25 14.75
0.6-1.0 Years 14.50 14.80
1.1-1.5 Years 14.75 14.90
1.6-2.0 Years 14.75 15.00
2.1-2.5 Years 15.00 15.10
2.6-3.0 Years 15.00 15.15
3.1-3.5 Years 15.10 15.25
3.6-4.0 Years 15.10 15.30
4.1-4.5 Years 15.20 15.40
4.6-5.0 Years 15.40 15.60
5.1-5.5 Years 15.60 15.70
5.6-6.0 Years 15.60 15.75
6.1-6.5 Years 15.65 15.85
6.6-7.0 Years 15.70 15.90
7.1-7.5 Years 15.75 15.90
7.6-8.0 Years 15.80 16.00
8.1-8.5 Years 15.80 16.00
8.6-9.0 Years 15.90 16.20
9.1-9.5 Years 15.90 16.20
9.5-10.0 Years 16.00 16.40
15 Years 16.75 17.00
20 Years 16.75 17.20
30 Years 17.00 17.50
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 17.00 19.00
3 Months 18.00 19.00
6 Months 19.00 20.00
12 Months 19.00 22.00
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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 9.00-10.00
8-15 Days 9.50-10.50
16-30 Days 11.25-12.00
31-60 Days 12.60-12.90
61-90 Days 12.90-13.25
91-120 Days 13.40-13.50
121-180 Days 14.00-14.25
181-270 Days 14.20-14.40
271-365 Days 14.40-14.60
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Kerb Market FX Rate
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Currency Bid Offer
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USD 79.25 79.80
EUR 111.00 113.00
GBP 120.50 122.50
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