Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 07, 2009).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 13.25%-13.75%. In Repo, major deals were done in the range of 13.50%-13.75%. Money Market closed at the level of 13.00%-13.25% For Friday it is expected that money market would trade at the level of 12.00%-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   12.75     13.90       13.00       13.90         13.39

1-Week      12.50     13.10       12.90       13.20         12.93

2-Week      12.60     12.90       12.90       13.10         12.88

1-Month     12.65     13.00       12.90       13.10         12.91

2-Months    12.65     13.05       12.90       13.15         12.94

3-Months    12.65     13.05       12.95       13.15         12.95

4-Months    12.65     13.05       12.95       13.15         12.95

5-Months    12.70     13.05       13.00       13.15         12.98

6-Months    12.75     13.10       13.10       13.20         13.04

9-Months    12.75     13.10       13.10       13.20         13.04

1-Year      12.85     13.15       13.15       13.25         13.10

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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   13.00     13.95       13.25       14.00         13.55

1-Week      12.90     13.50       13.25       13.60         13.31

2-Week      12.90     13.25       13.10       13.40         13.16

1-Month     12.90     13.30       13.25       13.40         13.21

2-Months    12.90     13.30       13.10       13.40         13.18

3-Months    12.90     13.35       13.15       13.40         13.20

4-Months    13.00     13.35       13.20       13.45         13.25

5-Months    13.10     13.30       13.25       13.45         13.28

6-Months    13.25     13.40       13.35       13.50         13.38

9-Months    13.30     13.45       13.45       13.65         13.46

1-Year      13.35     13.50       13.50       13.75         13.53

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    12.90     13.10

0.6-1.0 Years    12.90     13.05

1.1-1.5 Years    13.00     13.15

1.6-2.0 Years    13.10     13.15

2.1-2.5 Years    13.05     13.10

2.6-3.0 Years    12.25     12.30

3.1-3.5 Years    12.25     12.30

3.6-4.0 Years    12.25     12.30

4.1-4.5 Years    12.25     12.30

4.6-5.0 Years    12.25     12.30

5.1-5.5 Years    12.25     12.35

5.6-6.0 Years    12.30     12.35

6.1-6.5 Years    12.30     12.40

6.6-7.0 Years    12.30     12.40

7.1-7.5 Years    12.35     12.45

7.6-8.0 Years    12.35     12.45

8.1-8.5 Years    12.40     12.50

8.6-9.0 Years    12.40     12.50

9.1-9.5 Years    12.45     12.55

9.5-10.0 Years   12.45     12.55

15 Years         13.50     13.75

20 Years         13.75     14.00

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          13.25     13.50

3 Months         13.25     13.50

6 Months         13.40     13.60

12 Months        13.50     13.75

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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             13.00-13.25

8-15 Days            12.90-13.20

16-30 Days           12.90-13.05

31-60 Days           12.95-13.05

61-90 Days           12.95-13.05

91-120 Days          13.00-13.10

121-180 Days         13.00-13.10

181-270 Days         13.05-13.15

271-365 Days         13.08-13.13

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              80.50     80.80

EUR             106.00    108.00

GBP             120.00    121.50

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