BMA Pakistan Government Bond Index (BMA-PGBI) moved down by 2 bps to 98.86 indicating stable trend in PIB rates due to lower demand observed in market from corporates as well as financial institution.

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Index Statistics              18-Feb-05  17-Feb-05   1-Day Change

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BMA-PGBI          (Index Value)    98.86   98.88  -0.016 (-0.02%)

Principal Return  (Index Value)    89.16   89.20  -0.040 (-0.05%)

Interest Return    %                10.9%   10.8%  0.000  (0.30%)

Average Coupon     %               10.46   10.46   0.000  (0.00%)

Average Maturity   %                6.38    6.39  -0.003 (-0.04%)

Average Yield      %                7.75    7.74   0.009  (0.12%)

Average Duration   Value            4.44    4.45  -0.003 (-0.08%)

Average Convexity  Value           31.77   31.77   0.000  (0.00%)

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Copyright Business Recorder, 2005