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Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 29, 2005).

DAILY MONEY MARKET COMMENTS: Today money market rates initiated at the level of 5.50%-7.00%. However, in clean and call placements the overnight interest rates were at 4%-8.00%. Today money market closed at the level of 1.50%.

Keeping in view today's interbank market we believe that on Friday overnight repo rates would remain at the level of 2.00%-3.00%. If no OMO is conducted.





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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 1.50 5.50 3.50 7.00 4.38

1-Week 6.00 7.00 7.00 7.25 6.81

2-Week 6.50 7.50 7.25 8.00 7.31

1-Month 7.25 7.50 7.75 8.00 7.63

2-Months 7.50 7.75 8.00 8.25 7.88

3-Months 7.90 8.10 8.25 8.50 8.19

4-Months 8.10 8.25 8.30 8.40 8.26

5-Months 8.20 8.35 8.40 8.50 8.36

6-Months 8.20 8.35 8.40 8.60 8.39

9-Months 8.40 8.50 8.55 8.60 8.51

1-Year 8.50 8.55 8.60 8.70 8.59

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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 3.00 7.50 4.00 8.00 5.63

1-Week 7.25 8.50 8.00 9.00 8.19

2-Week 7.25 8.25 8.00 9.00 8.13

1-Month 8.50 9.00 9.00 9.75 9.06

2-Months 8.30 8.90 9.00 9.75 8.99

3-Months 8.60 9.25 9.00 9.75 9.15

4-Months 8.75 9.25 9.35 9.50 9.21

5-Months 8.90 9.25 9.25 9.50 9.23

6-Months 9.00 9.25 9.25 9.50 9.25

9-Months 9.00 9.50 9.50 10.00 9.50

1-Year 9.25 10.00 9.75 10.25 9.81

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PIB Secondary Market Data

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Maturity Yield Range

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0.1-0.5 Years 8.05 8.45

0.6-1.0 Years 8.35 8.78

1.1-1.5 Years 8.80 8.85

1.6-2.0 Years 8.85 9.00

2.1-2.5 Years 8.85 8.95

2.6-3.0 Years 8.95 9.00

3.1-3.5 Years 9.00 9.10

3.6-4.0 Years 9.00 9.20

4.1-4.5 Years 9.00 9.15

4.6-5.0 Years 9.00 9.15

5.1-5.5 Years 9.05 9.20

5.6-6.0 Years 9.12 9.24

6.1-6.5 Years 9.15 9.20

6.6-7.0 Years 9.20 9.36

7.1-7.5 Years 9.25 9.35

7.6-8.0 Years 9.32 9.40

8.1-8.5 Years 9.35 9.45

8.6-9.0 Years 9.03 9.09

15 Years 10.20 10.40

20 Years 10.70 10.90

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FIB Secondary Market Data

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Maturity Yield Range

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0.1-0.5 Years 8.10 8.30

0.6-1.0 Years 8.40 8.75

1.1-1.5 Years 8.80 8.90

1.6-2.0 Years 8.95 9.10

2.1-2.5 Years 8.95 9.05

2.6-3.0 Years 9.05 9.10

3.1-3.5 Years 9.10 9.20

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Clean Deposit Market

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Tenor Range (% p a)

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1 Month 10.00 11.00

3 Months 9.75 10.25

6 Months 10.50 11.50

12 Months 10.50 11.25

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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 8.00-8.50

8-15 Days 8.00-8.50

16-30 Days 8.00-8.25

31-60 Days 8.05-8.25

61-90 Days 8.10-8.25

91-120 Days 8.15-8.30

121-180 Days 8.25-8.45

181-270 Days 8.35-8.60

271-365 Days 8.70-8.77

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Kerb Market FX Rate

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Currency Bid Offer

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USD 59.95 60.05

EUR 70.80 71.00

GBP 103.00 103.50

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Copyright Business Recorder, 2005


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