Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 03, 2011).
DAILY MONEY MARKET COMMENTS: Money Market initiated at the top level 13.40%. Major trades were done in the range of 13.40% - 13.45%. The trading session closed at 13.40%.
For Tuesday it is expected that money market would trade at the level of 13.40%.

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

Repo Rates (Yield p a)

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

Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

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

Overnight    13.40      13.40       13.40       13.45       13.41

1-Week       13.25      13.40       13.40       13.40       13.36

2-Week       13.00      13.25       13.35       13.40       13.25

1-Month      12.75      13.00       13.10       13.15       13.00

2-Months     12.70      12.90       13.00       13.10       12.93

3-Months     12.65      12.90       12.90       13.00       12.86

4-Months     12.65      12.90       12.85       13.00       12.85

5-Months     12.60      12.85       12.85       12.90       12.80

6-Months     12.60      12.80       12.80       12.90       12.78

9-Months     12.60      12.75       12.80       12.90       12.76

1-Year       12.60      12.75       12.80       12.90       12.76

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

Call Rates (Yield p a)

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

Tenor       Low Bid   High Bid   Low Offer   High Offer   Average

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

Overnight    13.40      13.40       13.40       13.45       13.41

1-Week       13.25      13.40       13.40       13.45       13.38

2-Week       13.00      13.30       13.35       13.40       13.26

1-Month      12.80      13.05       13.10       13.20       13.04

2-Months     12.80      13.00       13.00       13.20       13.00

3-Months     12.80      13.00       13.00       13.15       12.99

4-Months     12.75      13.00       12.85       13.10       12.93

5-Months     12.75      12.95       12.85       13.10       12.91

6-Months     12.75      12.95       12.85       13.10       12.91

9-Months     12.80      13.00       13.00       13.20       13.00

1-Year       12.80      13.10       13.10       13.20       13.05

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

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

PIB Secondary Market Data

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

Maturity         Yield     Range

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

0.1-0.5 Years    12.70     12.74

0.6-1.0 Years    12.70     12.74

1.1-1.5 Years    12.70     12.74

1.6-2.0 Years    12.68     12.72

2.1-2.5 Years    12.68     12.72

2.6-3.0 Years    12.65     12.70

3.1-3.5 Years    12.65     12.70

3.6-4.0 Years    12.66     12.70

4.1-4.5 Years    12.66     12.70

4.6-5.0 Years    12.67     12.70

5.1-5.5 Years    12.67     12.71

5.6-6.0 Years    12.67     12.71

6.1-6.5 Years    12.67     12.71

6.6-7.0 Years    12.68     12.72

7.1-7.5 Years    12.68     12.72

7.6-8.0 Years    12.68     12.72

8.1-8.5 Years    12.66     12.70

8.6-9.0 Years    12.65     12.70

9.1-9.5 Years    12.65     12.70

9.5-10.0 Years   12.65     12.70

15 Years         13.20     13.25

20 Years         13.30     13.35

30 Years         13.35     13.40

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

Clean Deposit Market

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

Tenor            Range   (% p a)

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

1 Month          13.30     13.40

3 Months         13.40     13.50

6 Months         13.50     13.60

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          13.45    13.50

8-15 Days         13.35    13.45

16-30 Days        13.30    13.35

31-60 Days        12.90    13.00

61-90 Days        12.80    12.85

91-120 Days       12.68    12.72

121-180 Days      12.68    12.72

181-270 Days      12.70    12.75

271-365 Days      12.70    12.75

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

Kerb Market FX Rate

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

Currency          Bid      Offer

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

USD              88.50     88.60

EUR             119.60    120.50

GBP             137.43    138.83

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