Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 05, 2011).
DAILY MONEY MARKET COMMENTS: Money Market initiated at the top level of 13.40%. SBP announced OMO for 4 days &11 days and injected [email protected]% & 179.65 [email protected]% respectively against the total participation of PKR 238.3 bln. Most of the trades were done within the range of 13.20%-13.40%. Trading session closed at the level of 13.40%.
For Tuesday it is expected that money market would trade at the top level of 13.40%.

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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    13.00      13.40      13.15        13.40       13.24

1-Week       13.15      13.25      13.25        13.30       13.24

2-Week       13.10      13.25      13.25        13.30       13.23

1-Month      13.00      13.15      13.20        13.30       13.16

2-Months     13.00      13.10      13.20        13.30       13.15

3-Months     13.00      13.15      13.25        13.30       13.18

4-Months     13.00      13.20      13.25        13.30       13.19

5-Months     13.00      13.20      13.25        13.30       13.19

6-Months     13.05      13.20      13.25        13.30       13.20

9-Months     13.15      13.25      13.35        13.40       13.29

1-Year       13.20      13.30      13.35        13.40       13.31

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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    13.00      13.45      13.20        13.45       13.28

1-Week       13.15      13.30      13.35        13.40       13.30

2-Week       13.10      13.15      13.20        13.35       13.20

1-Month      13.00      13.20      13.25        13.35       13.20

2-Months     13.05      13.20      13.30        13.35       13.23

3-Months     13.05      13.20      13.30        13.35       13.23

4-Months     13.00      13.20      13.30        13.35       13.21

5-Months     13.00      13.20      13.30        13.40       13.23

6-Months     13.05      13.20      13.30        13.40       13.24

9-Months     13.15      13.25      13.40        13.40       13.30

1-Year       13.20      13.30      13.40        13.45       13.34

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    13.22     13.28

0.6-1.0 Years    13.32     13.35

1.1-1.5 Years    13.32     13.34

1.6-2.0 Years    13.16     13.20

2.1-2.5 Years    13.16     13.20

2.6-3.0 Years    13.02     13.06

3.1-3.5 Years    13.02     13.06

3.6-4.0 Years    13.04     13.07

4.1-4.5 Years    13.04     13.07

4.6-5.0 Years    13.05     13.07

5.1-5.5 Years    13.12     13.16

5.6-6.0 Years    13.13     13.16

6.1-6.5 Years    13.13     13.16

6.6-7.0 Years    13.15     13.18

7.1-7.5 Years    13.18     13.20

7.6-8.0 Years    13.18     13.20

8.1-8.5 Years    13.18     13.22

8.6-9.0 Years    13.18     13.22

9.1-9.5 Years    13.15     13.20

9.5-10.0 Years   13.03     13.06

15 Years         13.40     13.50

20 Years         13.60     13.70

30 Years         13.70     13.80

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          13.25     13.40

3 Months         13.30     13.40

6 Months         13.40     13.50

12 Months        13.50     13.75

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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          13.20    13.25

8-15 Days         13.20    13.25

16-30 Days        13.18    13.22

31-60 Days        13.18    13.20

61-90 Days        13.17    13.20

91-120 Days       13.22    13.25

121-180 Days      13.24    13.28

181-270 Days      13.26    13.29

271-365 Days      13.28    13.31

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Kerb Market FX Rate

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Currency          Bid      Offer

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USD              86.20     86.60

EUR             124.50    126.80

GBP             140.42    142.93

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