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Print 2009-02-12
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 11, 2009).
Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 11, 2009).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.00% - 9.00%. In Call most of the deals were done within the range of 6.00% - 11.00%. Money Market closed at the level of 3.50%.- 4.00%. SBP conducted auction of T-Bills, in 3 months accepted Rs 52.35 billion @ 13.6237% against participation of Rs 57.55 billion, in 6 months accepted Rs 55.45 billion @13.8731% against participation of Rs 62.80 billion and in 12 months accepted Rs 59.80 billion @ 13.9074% against participation of PKR 256.90 billion. For Thursday it is expected that money market would trade at the level of 10.00 -- 13.00%.
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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 3.50 9.00 4.00 9.50 6.50
1-Week 10.00 11.50 10.50 12.00 11.00
2-Week 10.75 11.50 11.00 11.75 11.25
1-Month 11.40 12.00 11.75 12.25 11.85
2-Months 12.25 12.50 12.50 12.75 12.50
3-Months 12.75 13.00 13.00 13.25 13.00
4-Months 12.90 13.20 13.25 13.40 13.19
5-Months 13.10 13.35 13.25 13.45 13.29
6-Months 13.20 13.40 13.40 13.60 13.40
9-Months 13.25 13.45 13.50 13.55 13.44
1-Year 13.40 13.50 13.55 13.65 13.53
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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 5.00 11.00 6.00 11.50 8.38
1-Week 11.00 12.00 11.50 12.50 11.75
2-Week 11.50 12.25 12.00 12.75 12.13
1-Month 12.50 13.00 13.00 13.50 13.00
2-Months 12.75 13.50 13.25 13.75 13.31
3-Months 13.75 14.25 14.00 14.50 14.13
4-Months 13.75 14.50 14.25 14.75 14.31
5-Months 14.00 14.50 14.50 14.75 14.44
6-Months 14.25 14.75 14.75 15.00 14.69
9-Months 14.75 15.25 15.00 15.50 15.13
1-Year 15.00 15.50 15.25 15.75 15.38
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 13.50 13.75
0.6-1.0 Years 13.50 13.80
1.1-1.5 Years 13.60 13.80
1.6-2.0 Years 13.70 13.90
2.1-2.5 Years 13.80 13.95
2.6-3.0 Years 13.85 14.00
3.1-3.5 Years 13.90 14.10
3.6-4.0 Years 14.20 14.40
4.1-4.5 Years 14.25 14.50
4.6-5.0 Years 14.30 14.50
5.1-5.5 Years 14.40 14.60
5.6-6.0 Years 14.65 14.75
6.1-6.5 Years 14.70 14.85
6.6-7.0 Years 14.75 14.90
7.1-7.5 Years 14.80 14.95
7.6-8.0 Years 14.80 15.00
8.1-8.5 Years 14.80 15.00
8.6-9.0 Years 14.85 15.00
9.1-9.5 Years 14.80 15.00
9.5-10.0Years 14.75 14.90
15 Years 15.80 16.00
20 Years 16.00 16.30
30 Years 16.40 16.60
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 13.50 14.00
3 Months 14.50 15.00
6 Months 15.00 15.50
12 Months 15.50 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 11.25-11.75
8-15 Days 11.25-12.00
16-30 Days 12.00-12.40
31-60 Days 12.50-13.00
61-90 Days 13.00-13.20
91-120 Days 13.20-13.40
121-180 Days 13.25-13.35
181-270 Days 13.35-13.45
271-365 Days 13.40-13.60
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Kerb Market FX Rate
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Currency Bid Offer
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USD 79.00 79.50
EUR 100.80 103.00
GBP 116.00 118.00
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