CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE


FINEX WEEK


By SHABBIR H. KAZMI
Updated Mar 12, 2005

 

 

Overnight rates opened mixed and initial trades during the past week were seen between 5.50% and 6.50%. As the week progressed, rates started to hike and touched 7.40%. Liquidity crunch forced many banks to approach the SBP for discounting. A firm overnight market saw trades in one and two-week tenors in a band of 6.00% to 6.75% in one-week and 5.25% to 5.75% in two-week. In the one-month tenor, bids and offers were available in a band of 4.75% and 5.00% but few deals were concluded. These rates eased slightly by the end of the week and bids were available at 4.50% against the offers at 4.90%. Three and six-month tenors saw no major activity and rates remained unmoved throughout the week. News of buying interest from the corporate sector saw some activity in the bond market and yields fell from around 8.20% to between 8.03% and 8.09%.

FUTURE OUTLOOK

Rates may to ease as an inflow of Rs.88 billion makes its way to the market. On Wednesday, the three and twelve-month auction is due and market is expecting a moderate target with major participation expected in the three month T-bill.

YIELD PROFILE

FEDERAL INVESTMENT BONDS

.

THIS WEEK

1 WEEK AGO

1 YEAR AGO

1 Year

06.00

05.90

06.00

2 Year

06.40

06.25

06.40

3 Year

06.60

06.40

06.60

4 Year

07.15

07.25

07.20

5 Year

07.20

07.40

07.30

10 Year

07.90

08.21

08.07

 

 

 


 

AUCTIONS

BID DATE

INSTRUMENT

RESULT

SETTLEMENT

Mar 02  T-Bill 06 Mth Mar 02  Mar 03 

TARGET AMOUNT

BID AMOUNT

ACCEPTED AMOUNT

Rs. 40,000Mln 

Rs. 71,195Mln 

Rs. 15,820Mln  

 


 

MATURITIES

INSTRUMENT

DATE

AMOUNT

FIB/PIB

16 Mar 

03,278 mln

T-BILL

17 Mar 

36,950 mln.

 


 

REPO RATES

 

THIS WEEK

1 WEEK AGO

1 YEAR AGO

Overnight

01.25

06.00

06.25

1 Week

02.50

05.50

03.00

1 Month

03.70

04.65

01.85

3 Month

04.40

04.60

01.70

6 Month

05.00

05.15

01.75

1 Year

05.85

05.85

02.00

 

 

 


 

TREASURY BILL RATES
MATURING THIS WEEK 1 WEEK AGO 1 YEAR AGO

1 Month

04.25

04.90

01.90

2 Month

04.55

04.50

01.60

3 Month

04.70

04.60

01.55

4 Month

04.80

04.70

01.65

5 Month

04.85

04.80

01.70