Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 17, 2011).
DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.75% - 10.00%. Major trades were done within the range of 9.75% - 10.50%. The session closed at 9.10% - 9.25%.
For Friday it is expected that money market would trade at the level of 11.50% - 11.90%.

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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     9.10      10.75        9.25       11.00       10.03

1-Week       11.25      11.50       11.60       11.70       11.51

2-Week       11.50      11.65       11.70       11.80       11.66

1-Month      11.60      11.70       11.75       11.80       11.71

2-Months     11.65      11.75       11.75       11.80       11.74

3-Months     11.65      11.75       11.75       11.80       11.74

4-Months     11.65      11.75       11.75       11.85       11.75

5-Months     11.65      11.75       11.75       11.85       11.75

6-Months     11.65      11.80       11.80       11.85       11.78

9-Months     11.70      11.80       11.80       11.85       11.79

1-Year       11.75      11.85       11.85       11.90       11.84

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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     9.10      10.75        9.25       11.00       10.03

1-Week       11.50      11.70       11.70       11.80       11.68

2-Week       11.60      11.75       11.80       11.85       11.75

1-Month      11.70      11.85       11.80       12.00       11.84

2-Months     11.75      11.90       11.85       11.95       11.86

3-Months     11.80      11.90       11.90       11.95       11.89

4-Months     11.80      11.90       11.90       11.95       11.89

5-Months     11.80      11.90       11.90       12.00       11.90

6-Months     11.85      11.95       11.95       12.00       11.94

9-Months     11.85      12.00       12.00       12.10       11.99

1-Year       11.90      12.00       12.10       12.15       12.04

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PIB Secondary Market Data

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Maturity         Yield     Range

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0.1-0.5 Years    11.80     11.85

0.6-1.0 Years    11.90     11.95

1.1-1.5 Years    12.05     12.10

1.6-2.0 Years    12.05     12.10

2.1-2.5 Years    12.05     12.10

2.6-3.0 Years    12.08     12.12

3.1-3.5 Years    12.20     12.25

3.6-4.0 Years    12.25     12.30

4.1-4.5 Years    12.30     12.35

4.6-5.0 Years    12.30     12.35

5.1-5.5 Years    12.28     12.32

5.6-6.0 Years    12.26     12.28

6.1-6.5 Years    12.25     12.28

6.6-7.0 Years    12.22     12.24

7.1-7.5 Years    12.22     12.24

7.6-8.0 Years    12.20     12.22

8.1-8.5 Years    12.20     12.22

8.6-9.0 Years    12.18     12.22

9.1-9.5 Years    12.18     12.22

9.5-10.0 Years   12.16     12.20

15 Years         12.40     12.50

20 Years         12.50     12.60

30 Years         12.60     12.70

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Clean Deposit Market

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Tenor            Range   (% p a)

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1 Month          12.00     12.25

3 Months         12.20     12.40

6 Months         12.25     12.50

12 Months        12.25     12.50

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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          11.50    11.60

8-15 Days         11.65    11.75

16-30 Days        11.70    11.75

31-60 Days        11.68    11.73

61-90 Days        11.68    11.72

91-120 Days       11.74    11.78

121-180 Days      11.75    11.77

181-270 Days      11.82    11.85

271-365 Days      11.82    11.85

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Kerb Market FX Rate

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Currency          Bid      Offer

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GBP                137       138

USD              87.00     87.20

EUR             117.30    118.30

JPY               1.08      1.13

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