Money Market Report

04 Jul, 2008

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 03, 2008).
For Friday it is expected that money market would trade at the level of 7.50% -- 8.50%.

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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     3.00      9.00       4.00         9.50         6.38
1-Week        9.50      9.75       9.75        10.10         9.78
2-Week        9.90     10.25      10.25        10.40        10.20
1-Month      10.25     10.60      10.50        10.70        10.51
2-Months     11.25     11.40      11.40        11.50        11.39
3-Months     11.35     11.50      11.50        11.60        11.49
4-Months     11.40     11.50      11.50        11.65        11.51
5-Months     11.45     11.55      11.55        11.65        11.55
6-Months     11.45     11.60      11.55        11.70        11.58
9-Months     11.50     11.60      11.60        11.70        11.60
1-Year       11.50     11.65      11.60        11.80        11.64
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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     8.00     10.25       8.50        10.75         9.38
1-Week       10.00     11.50      11.00        12.50        11.25
2-Week       11.00     12.50      12.00        13.00        12.13
1-Month      12.00     13.50      13.00        14.00        13.13
2-Months     12.00     14.00      13.00        14.50        13.38
3-Months     12.50     14.50      13.50        15.00        13.88
4-Months     13.00     14.50      14.00        15.00        14.13
5-Months     13.50     14.50      14.00        15.50        14.38
6-Months     14.00     14.75      14.50        15.50        14.69
9-Months     14.25     15.00      14.75        16.00        15.00
1-Year       14.50     15.50      15.00        16.00        15.25
=================================================================
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PIB Secondary Market Data
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Maturity         Yield     Range
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0.1- 0.5 Years   11.25     11.40
0.6- 1.0 Years   11.75     11.90
1.1- 1.5 Years   12.00     12.20
1.6- 2.0 Years   12.30     12.60
2.1- 2.5 Years   12.40     12.60
2.6- 3.0 Years   12.75     12.85
3.1- 3.5 Years   12.75     12.85
3.6- 4.0 Years   12.80     12.90
4.1- 4.5 Years   12.80     12.90
4.6- 5.0 Years   12.85     12.95
5.1- 5.5 Years   12.85     12.95
5.6- 6.0 Years   12.90     12.95
6.1- 6.5 Years   12.90     13.00
6.6- 7.0 Years   12.95     13.00
7.1- 7.5 Years   12.95     13.05
7.6- 8.0 Years   13.00     13.10
8.1- 8.5 Years   13.00     13.15
8.6- 9.0 Years   13.05     13.20
9.1- 9.5 Years   13.20     13.35
9.5- 10.0Years   13.25     13.40
15 Years         13.40     13.70
20 Years         13.70     13.90
30 Years         13.75     14.00
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Clean Deposit Market
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Tenor            Range   (% p a)
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1 Month          13.00     14.00
3 Months         14.00     15.00
6 Months         14.50     16.50
12 Months        15.00     17.00
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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 %
================================
0-7 Days             10.50-11.00
8-15 Days            10.75-11.25
16-30 Days           11.10-11.30
31-60 Days           11.20-11.35
61-90 Days           11.35-11.45
91-120 Days          11.40-11.50
121-180 Days         11.45-11.55
181-270 Days         11.60-11.70
271-365 Days         11.70-11.75
================================
Kerb Market FX Rate
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Currency       Bid         Offer
--------------------------------
USD          69.00         69.20
EUR         108.00        108.40
GBP         136.00        136.40
================================

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