Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 07, 2011).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.75% -13.00%.In Repo, major deals were done in the range of 12.25% -12.75%. Money Market closed at the level of 11.25% -11.50%.
For Saturday it is expected that money market would trade at the level of 11.75% - 12.50%.

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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     11.25      12.75      11.50       13.00       12.13

1-Week        11.65      12.70      12.60       12.80       12.44

2-Week        11.70      12.80      12.80       12.90       12.55

1-Month       12.00      12.85      12.80       12.95       12.65

2-Months      12.25      13.00      12.90       13.10       12.81

3-Months      12.70      13.15      13.10       13.25       13.05

4-Months      12.70      13.15      13.10       13.25       13.05

5-Months      12.75      13.20      13.20       13.35       13.13

6-Months      13.25      13.40      13.30       13.45       13.35

9-Months      13.10      13.40      13.30       13.60       13.35

1-Year        13.25      13.50      13.40       13.60       13.44

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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     11.25      12.80      11.50       13.00       12.14

1-Week        12.25      12.80      12.60       12.90       12.64

2-Week        12.45      12.90      12.85       13.00       12.80

1-Month       12.50      12.95      12.95       13.05       12.86

2-Months      12.75      13.25      13.25       13.40       13.16

3-Months      12.90      13.40      13.25       13.50       13.26

4-Months      12.90      13.50      13.30       13.60       13.33

5-Months      13.00      13.50      13.40       13.75       13.41

6-Months      13.30      13.70      13.50       13.90       13.60

9-Months      13.25      13.60      13.50       13.90       13.56

1-Year        13.25      13.75      13.60       14.00       13.65

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    13.75     13.80

0.6-1.0 Years    13.90     14.00

1.1-1.5 Years    14.00     14.10

1.6-2.0 Years    14.10     14.15

2.1-2.5 Years    14.15     14.19

2.6-3.0 Year     14.15     14.19

3.1-3.5 Years    14.16     14.20

3.6-4.0 Year     14.17     14.20

4.1-4.5 Year     14.18     14.20

4.6-5.0 Years    14.18     14.22

5.1-5.5 Years    14.20     14.22

5.6-6.0 Years    14.20     14.23

6.1-6.5 Years    14.20     14.23

6.6-7.0 Years    14.22     14.24

7.1-7.5 Years    14.22     14.24

7.6-8.0 Years    14.23     14.25

8.1-8.5 Years    14.23     14.25

8.6-9.0 Years    14.23     14.25

9.1-9.5 Years    14.24     14.26

9.5-10.0 Years   14.24     14.26

15 Years         14.55     14.60

20 Years         14.70     14.75

30 Years         14.75     14.85

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          13.40     13.60

3 Months         13.50     13.75

6 Months         13.90     14.25

12 Months        14.20     14.40

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T-Bill Secondary Market Data

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3 Months, 6 Months &

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           12 Months Instruments

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Days to Maturity  Yield  Range %

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0-7 Days          12.70    12.80

8-15 Days         12.80    12.90

16-30 Days        12.85    12.95

31-60 Days        12.95    13.02

61-90 Days        13.20    13.24

91-120 Days       13.30    13.35

121-180 Days      13.35    14.40

181-270 Days      13.55    13.60

271-365 Days      13.65    13.70

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD             85.60      86.10

EUR            112.00     113.37

GBP            132.30     133.56

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