BMA Pakistan Government Bond Index (BMA-PGBI) yield moved upward by 4 bps, which moved Index value down by 10 bps to 96.0816. PIBs remained volatile throughout the day. Market opened on higher yields, went down, and again closed at higher levels. The reason quoted behind this volatility was a whisper about corporate buying that did not seem to materialise due to which market closed on higher yield level.

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Index Statistics                25-Apr-05     24-Apr-05       Change
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BMA-PGBI          (Index Value)  96.0816  96.1852  -0.1036  (-0.11%)
Principal Return  (Index Value)  85.5015  85.6428  -0.1413  (-0.17%)
Interest Return    %              13.70%   13.64%   0.0007   (0.50%)
Average Coupon     %             10.4789  10.4785   0.0003   (0.00%)
Average Maturity   %              6.1970   6.2000  -0.0030  (-0.05%)
Average Yield      %              8.9538   8.9112   0.0426   (0.48%)
Average Duration   Value          4.2669   4.2691  -0.0021  (-0.05%)
Average Convexity  Value         29.4074  29.4807  -0.0733  (-0.25%)
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