Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (October 14, 2009).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.75%-12.90%. In Repo, major deals were done in the range of 12.75%-12.90%. Money Market closed at the level of 12.40%-12.60%. For Thursday it is expected that money market would trade at the level of 12.50%-12.90%.

=================================================================

Repo Rates (Yield p a)

-----------------------------------------------------------------

Tenor      Low Bid   High Bid   Low Offer   High Offer    Average

=================================================================

Overnight    12.50     12.90     12.60       12.90          12.73

1-Week       12.25     12.40     12.40       12.50          12.39

2-Week       12.20     12.40     12.35       12.45          12.35

1-Month      12.20     12.35     12.35       12.45          12.34

2-Months     12.00     12.35     12.30       12.40          12.26

3-Months     12.00     12.30     12.30       12.40          12.25

4-Months     12.00     12.30     12.30       12.40          12.25

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

=================================================================

Call Rates (Yield p a)

-----------------------------------------------------------------

Tenor      Low Bid   High Bid   Low Offer   High Offer    Average

=================================================================

Overnight    12.60     12.90     12.70       12.95          12.79

1-Week       12.30     12.50     12.40       12.55          12.44

2-Week       12.30     12.45     12.40       12.55          12.43

1-Month      12.30     12.45     12.45       12.55          12.44

2-Months     12.30     12.45     12.45       12.60          12.45

3-Months     12.30     12.50     12.45       12.60          12.46

4-Months     12.30     12.50     12.50       12.60          12.48

5-Months     12.35     12.55     12.50       12.65          12.51

6-Months     12.45     12.60     12.55       12.65          12.56

9-Months     12.45     12.60     12.55       12.70          12.58

1-Year       12.45     12.65     12.60       12.70          12.60

=================================================================

================================

PIB Secondary Market Data

--------------------------------

Maturity         Yield     Range

================================

0.1-0.5 Years    12.60     12.70

0.6-1.0 Years    12.60     12.70

1.1-1.5 Years    12.55     12.65

1.6-2.0 Years    12.50     12.60

2.1-2.5 Years    12.50     12.60

2.6-3.0 Years    12.50     12.60

3.1-3.5 Years    12.55     12.64

3.6-4.0 Years    12.55     12.64

4.1-4.5 Years    12.55     12.60

4.6-5.0 Years    12.55     12.60

5.1-5.5 Years    12.60     12.65

5.6-6.0 Years    12.60     12.65

6.1-6.5 Years    12.60     12.65

6.6-7.0 Years    12.65     12.70

7.1-7.5 Years    12.65     12.70

7.6-8.0 Years    12.65     12.70

8.1-8.5 Years    12.65     12.72

8.6-9.0 Years    12.65     12.72

9.1-9.5 Years    12.60     12.70

9.5-10.0 Years   12.62     12.70

15 Years         13.10     13.30

20 Years         13.25     13.50

30 Years         13.50     13.70

================================

Clean Deposit Market

--------------------------------

Tenor            Range   (% p a)

================================

1 Month          12.40     12.60

3 Months         12.60     12.90

6 Months         12.60     12.90

12 Months        12.65     12.90

================================

T-Bill Secondary Market Data

================================

3 Months, 6 Months &

12 Months Instruments

================================

Days to Maturity   Yield Range %

================================

0-7 Days             12.25-12.30

8-15 Days            12.25-12.30

16-30 Days           12.30-12.35

31-60 Days           12.30-12.35

61-90 Days           12.33-12.36

91-120 Days          12.40-12.45

121-180 Days         12.50-12.52

181-270 Days         12.50-12.55

271-365 Days         12.55-12.60

================================

Kerb Market FX Rate

--------------------------------

Currency          Bid      Offer

--------------------------------

USD              83.00     83.50

EUR             121.00    123.00

GBP             130.20    133.10

================================