CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE
6. PAKISTAN WEEKLY REVIEW

 

FINEX WEEK


By SHABBIR H. KAZMI
Updated June 25, 2005

 

 

This week SBP conducted T-bill auction for all the designated tenors and received heavy participation of Rs.116.50 billion against the preauction target of Rs.20 billion. SBP accepted heavy amount of Rs.82billion while maintaining the cut-off yields i.e. 7.5147%, 7.9869% and 8.4477% for three, six and twelve months respectively. Banks were seen interested in one year paper and bids and offers for this paper in the secondary market was quoted in the band of 8.35 and 8.25% and trades were witnessed around 8.35%;

Long-term securities were active this week and initially trades in latest ten-year paper were seen in the band of 9.40% and 9.20%. Later due to the heavy buying pressure deals were witnessed as low as 8.60%.

FUTURE OUTLOOK

With no major inflow in the coming week rates are expected to remain at the higher side with no respite for borrowers expected.

YIELD PROFILE

FEDERAL INVESTMENT BONDS

.

THIS WEEK

1 WEEK AGO

1 YEAR AGO

1 Year

08.30

08.40

03.20

2 Year

08.30

08.50

04.60

3 Year

08.30

08.60

05.50

4 Year

08.35

08.65

06.10

5 Year

08.40

08.90

06.55

10 Year

08.90

09.70

07.80

 


 

 

 

AUCTIONS

BID DATE

INSTRUMENT

RESULT

SETTLEMENT

June 22 T-Bill 03 Mth. June 22 June 23
June 22 T-Bill 06 Mth. June 22 June 23
June 22 T-Bill 12 Mth. June 22 June 23

TARGET AMOUNT

BID AMOUNT

ACCEPTED AMOUNT

Rs. 20,000 Mln 

Rs. 116,233 Mln 

Rs. 81,033 Mln

 


 

MATURITIES

INSTRUMENT

DATE

AMOUNT

T-Bill

09 June

76,800 mln.

FIB/PIB

18 June

7,298 mln..

 


 

REPO RATES

 

THIS WEEK

1 WEEK AGO

1 YEAR AGO

Overnight

08.95

07.00

00.15

l Week

09.00

06.75

01.50

1 Month

07.85

07.40

02.05

3 Month

07.65

07.40

02.10

6 Month

07.90

07.80

02.30

1 Year

08.30

08.10

02.80

 


 

 

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

1 Month

07.80

07.30

02.30

2 Month

07.50

07.35

02.20

3 Month

07.45

07.45

02.20

4 Month

07.75

07.65

02.25

5 Month

07.85

07.85

02.30