Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 03, 2009).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.25%-12.50%. In Repo, major deals were done in the range of 12.25%-12.75%. Money Market closed at the level of 12.50%-12.90%. SBP announced 7 days OMO and injected PKR 60.40 billion @12.21% against total participation of PKR 72.80 billion. For Monday it is expected that money market would trade at the level of 12.25%-12.75%.

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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    12.00     12.90       12.25       12.90        12.51

1-Week       12.10     12.30       12.25       12.35        12.25

2-Week       12.10     12.25       12.25       12.35        12.24

1-Month      12.15     12.30       12.30       12.40        12.29

2-Months     12.00     12.25       12.25       12.30        12.20

3-Months     12.00     12.25       12.25       12.35        12.21

4-Months     12.00     12.25       12.20       12.40        12.21

5-Months     12.00     12.30       12.20       12.40        12.23

6-Months     12.00     12.30       12.20       12.50        12.25

9-Months     12.10     12.35       12.30       12.50        12.31

1-Year       12.20     12.35       12.30       12.55        12.35

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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    12.00     12.90       12.25       12.90        12.51

1-Week       12.15     12.35       12.25       12.40        12.29

2-Week       12.15     12.35       12.25       12.40        12.29

1-Month      12.15     12.30       12.30       12.45        12.30

2-Months     12.20     12.35       12.30       12.45        12.33

3-Months     12.25     12.35       12.30       12.45        12.34

4-Months     12.25     12.45       12.30       12.50        12.38

5-Months     12.30     12.45       12.35       12.50        12.40

6-Months     12.45     12.60       12.50       12.65        12.55

9-Months     12.45     12.60       12.50       12.65        12.55

1-Year       12.45     12.65       12.50       12.70        12.58

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    12.60     12.70

0.6-1.0 Years    12.55     12.65

1.1-1.5 Years    12.50     12.60

1.6-2.0 Years    12.40     12.45

2.1-2.5 Years    12.40     12.45

2.6-3.0 Years    12.35     12.40

3.1-3.5 Years    12.35     12.40

3.6-4.0 Years    12.35     12.40

4.1-4.5 Years    12.45     12.50

4.6-5.0 Years    12.45     12.50

5.1-5.5 Years    12.50     12.55

5.6-6.0 Years    12.50     12.55

6.1-6.5 Years    12.55     12.60

6.6-7.0 Years    12.60     12.65

7.1-7.5 Years    12.60     12.65

7.6-8.0 Years    12.60     12.65

8.1-8.5 Years    12.63     12.68

8.6-9.0 Years    12.63     12.68

9.1-9.5 Years    12.63     12.68

9.5-10.0 Years   12.58     12.65

15 Years         12.90     13.00

20 Years         13.25     13.40

30 Years         13.40     13.50

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          12.40     12.60

3 Months         12.60     12.90

6 Months         12.60     12.90

12 Months        12.65     12.90

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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             12.25-12.35

8-15 Days            12.30-12.35

16-30 Days           12.30-12.40

31-60 Days           12.30-12.35

61-90 Days           12.30-12.35

91-120 Days          12.35-12.45

121-180 Days         12.50-12.55

181-270 Days         12.50-12.55

271-365 Days         12.48-12.52

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              82.95     83.25

EUR             120.00    121.50

GBP             132.50    134.50

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