BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield remained stable today. Today Index Value went up by around 2 bps to close at 99.5545, only determinant of gain in index value has been intersest rate retun factor. However, in coming week people are expecting yields to abserve inclining trend due to lower liquidity in system as well as increasing inflation.
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Index Statistics              18-Mar-05  17-Mar-05         Change

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BMA-PGBI          (Index Value)  99.5545 99.5375  0.0170  (0.02%)

Principal Return  (Index Value)  89.2876 89.2910 -0.0034  (0.00%)

Interest Return    %               11.50% 11.48%  0.0002  (0.20%)

Average Coupon     %             10.4543 10.4543  0.0000  (0.00%)

Average Maturity   %              6.3234  6.3261 -0.0027 (-0.04%)

Average Yield      %              7.7324  7.7322  0.0002  (0.00%)

Average Duration   Value          4.4061  4.4087 -0.0026 (-0.06%)

Average Convexity  Value         31.5771 31.5766  0.0004  (0.00%)

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