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Print 2005-08-28
Money Market Report
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 27, 2005).
Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 27, 2005).
DAILY MONEY MARKET COMMENTS: Today money market rates were indicated at the level of 5.50% - 7.00% and the first deal was witnessed at 6.25%. However in clean & call placements the overnight interest rates were at 7.00% - 7.50%. Today money market was highly volatile and overnight repo deals were done ranging from 4.75% - 7.00% and closed at 7.50% - 8.00%.
Keeping in view of today's interbank market we believe that on Monday overnight repo rates will remain at 7.00% - 8.00%.
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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 4.00 7.50 4.75 7.75 6.00
1-Week 5.75 6.00 6.25 6.50 6.13
2-Week 6.75 7.00 7.25 7.50 7.13
1-Month 7.25 7.50 7.75 7.90 7.60
2-Months 7.35 7.60 7.85 8.00 7.70
3-Months 7.50 7.75 7.90 8.00 7.79
4-Months 7.60 7.80 8.00 8.05 7.86
5-Months 7.70 7.90 8.10 8.15 7.96
6-Months 7.80 8.00 8.15 8.30 8.06
9-Months 8.00 8.10 8.30 8.45 8.21
1-Year 8.25 8.50 8.75 8.90 8.60
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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 4.50 8.00 5.25 8.25 6.50
1-Week 6.00 6.50 6.75 7.00 6.56
2-Week 7.25 7.50 7.75 8.00 7.63
1-Month 7.75 8.00 8.25 8.40 8.10
2-Months 7.85 8.10 8.35 8.50 8.20
3-Months 8.00 8.40 8.50 8.60 8.38
4-Months 8.25 8.40 8.60 8.70 8.49
5-Months 8.30 8.50 8.75 8.80 8.59
6-Months 8.50 8.70 8.85 8.95 8.75
9-Months 8.75 8.90 9.20 9.30 9.04
1-Year 9.00 9.25 9.60 9.75 9.40
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 8.25 8.40
0.6-1.0 Years 8.50 8.70
1.1-1.5 Years 8.80 8.95
1.6-2.0 Years 8.90 9.05
2.1-2.5 Years 8.90 9.00
2.6-3.0 Years 8.95 9.10
3.1-3.5 Years 9.00 9.10
3.6-4.0 Years 9.05 9.15
4.1-4.5 Years 9.05 9.15
4.6-5.0 Years 9.10 9.20
5.1-5.5 Years 9.20 9.25
5.6-6.0 Years 9.25 9.30
6.1-6.5 Years 9.30 9.40
6.6-7.0 Years 9.35 9.45
7.1-7.5 Years 9.35 9.45
7.6-8.0 Years 9.35 9.50
8.1-8.5 Years 9.35 9.50
8.6-9.0 Years 9.05 9.25
15 Years 10.75 11.50
20 Years 11.75 12.50
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FIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 7.85 8.00
0.6-1.0 Years 8.50 8.65
1.1-1.5 Years 8.80 8.90
1.6-2.0 Years 9.00 9.15
2.1-2.5 Years 9.00 9.10
2.6-3.0 Years 9.05 9.20
3.1-3.5 Years 9.10 9.20
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 8.50 9.25
3 Months 8.75 9.15
6 Months 9.25 9.75
12 Months 9.75 10.25
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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 8.75-9.25
8-15 Days 8.00-8.50
16-30 Days 8.00-8.25
31-60 Days 7.85-8.10
61-90 Days 7.90-8.00
91-120 Days 7.95-8.10
121-180 Days 8.15-8.30
181-270 Days 8.30-8.50
271-365 Days 8.70-8.80
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.07 60.12
EUR 73.60 73.70
GBP 107.90 108.00
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