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Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 26, 2004).

DAILY MONEY MARKET COMMENTS: Today market initiated at the level of 5.00% - 6.00%. Most of the trades were seen at the level of 5.50% - 6.00% and closed at 5.00% - 5.50%.

10-year PIB (8%) coupon was quoted in the range of 7.75% - 7.82%.





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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 5.25 6.00 5.75 6.50 5.88

1-Week 3.25 3.50 3.75 4.00 3.63

2-Week 2.25 2.50 2.75 3.00 2.63

1-Month 1.90 2.00 2.10 2.20 2.05

2-Months 2.00 2.25 2.40 2.60 2.31

3-Months 2.10 2.25 2.35 2.50 2.30

4-Months 2.25 2.40 2.60 2.75 2.50

5-Months 2.30 2.60 2.75 3.00 2.66

6-Months 2.50 2.75 3.00 3.25 2.88

9-Months 2.75 3.00 3.25 3.50 3.13

1-Year 3.50 3.75 3.90 4.00 3.79

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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 5.50 6.25 6.00 6.75 6.13

1-Week 3.50 3.75 4.00 4.25 3.88

2-Week 2.50 2.75 3.25 3.50 3.00

1-Month 2.00 2.10 2.50 2.75 2.34

2-Month 2.20 2.40 2.60 2.75 2.49

3-Month 2.40 2.60 2.75 3.00 2.69

4-Month 2.50 2.75 2.75 3.00 2.75

5-Month 2.50 2.75 2.90 3.10 2.81

6-Month 2.75 3.00 3.25 3.50 3.13

9-Month 3.25 3.50 3.75 4.00 3.63

1-Year 3.50 3.75 4.00 4.25 3.88

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PIB Secondary Market Data

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Maturity Yield Range

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0.1-0.5 Years 1.80 2.60

0.6-1.0 Years 2.70 3.30

1.1-1.5 Years 3.50 4.25

1.6-2.0 Years 4.50 5.00

2.1-2.5 Years 4.80 5.20

2.6-3.0 Years 5.00 5.40

3.1-3.5 Years 5.40 5.80

3.6-4.0 Years 5.60 6.00

4.1-4.5 Years 5.80 6.20

4.6-5.0 Years 6.00 6.40

6.6-7.0 Years 7.60 7.90

7.1-7.5 Years 7.70 8.00

7.6-8.0 Years 7.70 8.00

8.1-8.5 Years 7.75 8.00

8.6-9.0 Years 7.75 8.00

9.1-9.5 Years 7.70 7.85

9.6-10.0 Year 7.75 7.82

15 Years 8.80 9.00

20 Years 9.80 10.00

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FIB Secondary Market Data

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Maturity Yield Range

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0.1-0.5 Years 1.90 2.70

0.6-1.0 Years 2.70 3.20

1.1-1.5 Years 3.60 4.20

1.6-2.0 Years 4.50 5.00

2.1-2.5 Years 4.70 5.20

2.6-3.0 Years 4.90 5.40

3.1-3.5 Years 5.20 5.70

3.6-4.0 Years 5.50 6.00

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Clean Deposit Market

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Tenor Range (% p a)

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01 Months 2.75 3.75

03 Months 3.00 3.75

06 Months 4.00 4.50

12 Months 4.25 5.00

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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 4.00-5.00

8-15 Days 3.50-4.00

16-30 Days 2.00-2.25

31-60 Days 2.25-2.50

61-90 Days 2.10-2.30

91-120 Days 2.30-2.50

121-180 Days 2.40-2.70

181-270 Days 2.50-2.80

271-365 Days 2.60-2.90

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Kerb Market FX Rate

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Currency Bid Offer

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USD 59.13 59.18

EUR 71.60 71.90

GBP 106.70 107.00

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Copyright Business Recorder, 2004


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