Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 14, 2005).
However in clean & call placements the overnight interest rates were 8.50% - 9.00%. At the end of the day the interbank overnight rates were seen at the levels of 7.75% - 8.25% and closed at the same levels.
Keeping in view today's money market we believe that on Monday money market rates will be between the bids and offer range of 8.00% - 8.90% because there is no inflow or outflow from the market.
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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 7.00 8.90 8.00 8.90 8.20
1-Week 7.75 8.00 8.25 8.50 8.13
2-Week 7.50 7.75 8.00 8.25 7.88
1-Month 7.50 7.75 8.00 8.25 7.88
2-Months 7.75 8.00 8.25 8.50 8.13
3-Months 7.50 7.75 8.10 8.25 7.90
4-Months 7.65 7.95 8.10 8.40 8.03
5-Months 8.00 8.15 8.40 8.65 8.30
6-Months 8.00 8.25 8.50 8.75 8.38
9-Months 8.10 8.25 8.50 8.75 8.40
1-Year 8.50 8.75 9.00 9.25 8.88
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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 7.25 9.25 8.25 9.75 8.63
1-Week 8.00 8.25 8.50 8.75 8.38
2-Week 7.75 8.00 8.25 8.50 8.13
1-Month 8.00 8.25 8.50 8.75 8.38
2-Months 8.25 8.50 8.75 9.00 8.63
3-Months 8.00 8.25 8.65 8.85 8.44
4-Months 8.20 8.40 8.60 8.90 8.53
5-Months 8.25 8.50 8.75 9.00 8.63
6-Months 8.25 8.75 9.00 9.25 8.81
9-Months 9.00 9.25 9.50 9.75 9.38
1-Year 9.25 9.50 9.75 10.00 9.63
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PIB Secondary Market Data
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Maturity Yield Range
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0.1-0.5 Years 7.45 8.35
0.6-1.0 Years 7.90 8.65
1.1-1.5 Years 8.25 8.40
1.6-2.0 Years 8.75 8.90
2.1-2.5 Years 8.80 9.00
2.6-3.0 Years 8.95 9.20
3.1-3.5 Years 9.05 9.25
3.6-4.0 Years 9.25 9.40
4.1-4.5 Years 9.40 9.60
4.6-5.0 Years 9.65 9.95
0.1-0.5 Years 5.95 6.25
5.6-6.0 Years 9.90 10.20
6.1-6.5 Years 10.00 10.25
6.6-7.0 Years 10.25 10.35
7.1-7.5 Years 10.25 10.35
7.6-8.0 Years 10.30 10.50
8.1-8.5 Years 10.50 10.60
8.6-9.0 Years 10.65 10.80
15 Years 11.35 11.50
20 Years 12.35 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 7.55 8.45
0.6-1 0 Years 8.00 8.75
1.1-1 5 Years 8.35 8.50
1.6-2 0 Years 8.85 9.00
2.1-2.5 Years 8.90 9.10
2.6-3.0 Years 9.05 9.30
3.1-3.5 Years 9.15 9.35
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Clean Deposit Market
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Tenor Range (% p a)
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1 Month 8.75 9.75
3 Months 9.25 10.00
6 Months 9.50 10.50
12 Months 10.00 11.00
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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 8.00-8.25
8-15 Days 7.80-8.40
16-30 Days 8.00-8.20
31-60 Days 8.15-8.25
61-90 Days 7.90-8.20
91-120 Days 7.65-8.10
121-180 Days 7.80-8.20
181-270 Days 8.00-8.35
271-365 Days 8.25-8.50
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Kerb Market FX Rate
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Currency Bid Offer
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USD 60.50 60.60
EUR 76.70 77.00
GBP 112.40 112.70
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