Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 12, 2009).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.50%-12.00%. In Repo, major deals were done in the range of 10.50%-11.75%. Money Market closed at the level of 10.50%-11.00%. For Thursday 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    9.00     11.75        9.50        12.00        10.56

1-Week      11.00     11.75       11.50        12.00        11.56

2-Week      11.40     11.80       11.75        12.10        11.76

1-Month     11.25     12.00       11.75        12.10        11.78

2-Months    11.25     11.90       11.50        12.10        11.69

3-Months    11.25     12.00       11.50        12.10        11.71

4-Months    11.00     11.75       11.40        12.00        11.54

5-Months    11.00     11.75       11.40        12.00        11.54

6-Months    11.00     11.75       11.45        12.00        11.55

9-Months    11.10     11.80       11.50        12.10        11.63

1-Year      11.10     11.90       11.50        12.10        11.65

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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    9.50     11.75       10.00        12.00        10.81

1-Week      11.50     12.10       12.00        12.40        12.00

2-Week      11.50     12.10       12.00        12.40        12.00

1-Month     11.75     12.20       12.00        12.50        12.11

2-Months    11.50     12.25       11.60        12.40        11.94

3-Months    11.50     12.30       11.75        12.50        12.01

4-Months    11.50     12.30       11.75        12.50        12.01

5-Months    11.50     12.40       11.80        12.50        12.05

6-Months    11.50     12.40       11.80        12.60        12.08

9-Months    11.60     12.45       11.90        12.60        12.14

1-Year      11.60     12.50       11.90        12.60        12.15

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    12.10     12.25

0.6-1.0 Years    12.15     12.25

1.1-1.5 Years    12.00     12.15

1.6-2.0 Years    11.80     12.00

2.1-2.5 Years    11.80     11.85

2.6-3.0 Years    11.80     11.85

3.1-3.5 Years    11.80     11.85

3.6-4.0 Years    11.85     11.90

4.1-4.5 Years    11.85     11.90

4.6-5.0 Years    11.85     11.90

5.1-5.5 Years    11.85     11.90

5.6-6.0 Years    11.85     11.90

6.1-6.5 Years    11.90     11.95

6.6-7.0 Years    11.90     11.95

7.1-7.5 Years    11.90     11.95

7.6-8.0 Years    11.95     12.00

8.1-8.5 Years    11.95     12.00

8.6-9.0 Years    11.95     12.02

9.1-9.5 Years    11.98     12.04

9.5-10.0 Years   11.98     12.04

15 Years         12.40     12.60

20 Years         12.90     13.00

30 Years         13.20     13.40

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          12.00     12.50

3 Months         12.25     12.40

6 Months         12.25     12.50

12 Months        12.30     12.60

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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             12.00-12.20

8-15 Days            11.90-12.00

16-30 Days           11.90-12.05

31-60 Days           12.00-12.10

61-90 Days           12.00-12.10

91-120 Days          12.05-12.15

121-180 Days         12.10-12.20

181-270 Days         12.10-12.20

271-365 Days         12.10-12.25

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              82.70     83.10

EUR             116.00    117.00

GBP             134.50    135.50

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