The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 5 bps to 98.91. The yield did not change significantly (an inrease of 1 bps, still index managed to gain 5 bps on account of interest return.

Activity in PIB remained low as a result of which the yields remained stable.

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Index Statistics              21-Feb-05  18-Feb-05   1-Day Change

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BMA-PGBI          (Index Value)    98.91   98.86   0.049  (0.05%)

Principal Return  (Index Value)    89.14   89.16  -0.018 (-0.02%)

Interest Return    %                10.0%   10.9%  0.001  (0.72%)

Average Coupon     %               10.46   10.46   0.000  (0.00%)

Average Maturity   %                6.38    6.38  -0.008 (-0.12%)

Average Yield      %                7.76    7.75   0.005  (0.07%)

Average Duration   Value            4.44    4.44   0.000  (0.00%)

Average Convexity  Value           31.65   31.65   0.000  (0.00%)

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Copyright Business Recorder, 2005