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 26, 2005

 

 

Volatility prevailed in inter-bank money market with overnight activity seen in a wide band of 0.50% and 5.50% with rates on the higher side initially but crashing to 0.50% towards the end of the week. A similar trend was seen in the one and two-week tenors where rates starting at 5.25% and 5.75% but later easing to around 2.75% and 3.50%, respectively. One-month tenor was quoted in the band of 4.70% and 5.20% with some deals executed at around 5.00%. Due to the rising trend in the interest rates, borrowing interest was seen in the long-term where bids in three and six-month tenors were available in the band of 4.75% and 5.40% against the offers at 5.20% and 5.70% but with little activity. A fresh PIB auction is due this week with a preauction target of Rs3 billion. Market does not expect major participation in this PIB auction.

FUTURE OUTLOOK

Rates in shorter tenor are expected to remain on the lower side with no major movement expected. Six-month T-bill auction is due in the coming week against an OMO maturity of Rs9.50 billion.

YIELD PROFILE

FEDERAL INVESTMENT BONDS

.

THIS WEEK

1 WEEK AGO

1 YEAR AGO

1 Year

06.20

06.10

02.10

2 Year

06.60

06.40

02.80

3 Year

06.80

06.60

03.62

4 Year

07.40

07.20

04.50

5 Year

07.60

07.40

04.78

10 Year

08.45

08.13

06.38

 


 

 

AUCTIONS

BID DATE

INSTRUMENT

RESULT

SETTLEMENT

Mar 16 T-Bill 3 Mth & 1yr Mar 16 Mar 17

TARGET AMOUNT

BID AMOUNT

ACCEPTED AMOUNT

Rs. 50,000 Mln 

Rs.79,40 Mln  

Rs.15,820 Mln  

 


 

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

00.75

01.00

00.15

1 Week

02.25

02.75

01.50

1 Month

04.50

04.25

01.45

3 Month

04.85

04.75

01.60

6 Month

05.50

05.45

01.70

1 Year

05.85

05.85

01.95

 


 

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

1 Month

04.70

04.S5

01.50

2 Month

04.75

04.65

01.50

3 Month

04.85

04.80

01.50

4 Month

05.00

04.90

01.60

5 Month

05.10

05.10

01.70