Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 09, 2011).
DAILY MONEY MARKET COMMENTS: Money Market initiated at the level of 13.25% - 13.40%. Major Deals were done at the top level. Trading session closed at the level of 13.40%. SBP announced OMO for 7 days and injected Rs 30 Bln on pro rata basis @ 13.20% against the total participation of Rs 51.4 Bln.
For Saturday it is expected that money market would trade at the top level of 13.25%-13.40%.

=================================================================

Repo Rates (Yield p a)

-----------------------------------------------------------------

Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

=================================================================

Overnight    13.25      13.40      13.40        13.40       13.36

1-Week       13.15      13.20      13.25        13.30       13.23

2-Week       13.10      13.25      13.25        13.30       13.23

1-Month      13.00      13.20      13.20        13.30       13.18

2-Months     13.00      13.15      13.20        13.30       13.16

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

=================================================================

Call Rates (Yield p a)

-----------------------------------------------------------------

Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

=================================================================

Overnight    13.25      13.40      13.40        13.45       13.38

1-Week       13.20      13.30      13.30        13.35       13.29

2-Week       13.15      13.30      13.25        13.35       13.26

1-Month      13.05      13.25      13.25        13.35       13.23

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     13.10      13.20      13.30        13.35       13.24

5-Months     13.10      13.20      13.30        13.40       13.25

6-Months     13.10      13.20      13.30        13.40       13.25

9-Months     13.15      13.25      13.40        13.40       13.30

1-Year       13.20      13.30      13.40        13.45       13.34

=================================================================

================================

PIB Secondary Market Data

--------------------------------

Maturity         Yield     Range

================================

0.1-0.5 Years    13.24     13.28

0.6-1.0 Years    13.32     13.35

1.1-1.5 Years    13.25     13.30

1.6-2.0 Years    13.24     13.28

2.1-2.5 Years    13.14     13.18

2.6-3.0 Years    13.13     13.15

3.1-3.5 Years    13.13     13.15

3.6-4.0 Years    13.13     13.15

4.1-4.5 Years    13.14     13.16

4.6-5.0 Years    13.14     13.16

5.1-5.5 Years    13.15     13.17

5.6-6.0 Years    13.15     13.17

6.1-6.5 Years    13.16     13.18

6.6-7.0 Years    13.16     13.18

7.1-7.5 Years    13.16     13.18

7.6-8.0 Years    13.17     13.19

8.1-8.5 Years    13.17     13.19

8.6-9.0 Years    13.16     13.19

9.1-9.5 Years    13.16     13.18

9.5-10.0Years    13.16     13.18

15 Years         13.50     13.55

20 Years         13.65     13.70

30 Years         13.75     13.85

================================

Clean Deposit Market

--------------------------------

Tenor            Range   (% p a)

================================

1 Month          13.30     13.40

3 Months         13.30     13.40

6 Months         13.40     13.50

12 Months        13.50     13.75

================================

T-Bill Secondary Market Data

================================

3 Months, 6 Months &

================================

           12 Months Instruments

================================

Days to Maturity  Yield  Range %

================================

0-7 Days         13.30     13.35

8-15 Days        13.30     13.35

16-30 Days       13.28     13.30

31-60 Days       13.27     13.30

61-90 Days       13.25     13.28

91-120 Days      13.24     13.29

121-180 Days     13.27     13.30

181-270 Days     13.33     13.36

271-365 Days     13.37     13.39

================================

Kerb Market FX Rate

--------------------------------

Currency          Bid      Offer

--------------------------------

USD              87.00     87.40

EUR             121.48    123.15

GBP             139.01    140.84

================================