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CURRENCY BUYING

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US Dollar 59.9 60
Bahrain Dinar 158 158.1
Canadian $ 50.85 50.95
Euro 70.75 70.85
Hong Kong $ 7.65 7.7
Japanese Yen 0.508 0.51
Kuwaiti Dinar 204 204.1
UK Pound 103.7 103.8
Last updated: Friday 23 Dec, 2005-12.30 P.M (PST)

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3 DAYS FORECAST
In oC

CITIES MIN MAX

HUM%

FOR.

KARACHI
Today 12 26 38 Sunny
Tomorrow 11 27 38 Sunny
Day after 11 28 38 Sunny
LAHORE
Today 1 20 87 Sunny
Tomorrow 2 20 87 Sunny
Day after 2 21 87 Sunny
ISLAMABAD
Today 0 18 59 Sunny
Tomorrow 0 18 59 Sunny
Day after 0 21 59 Sunny
HUM%: Humidity In %
FOR.: Weather Forecast
updated: Fri - Sun 23-25 Dec, 2005

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.

 

KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

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  CAPITAL MARKETS
 
 

 

 

 

 
  FINEX WEEK

By SHABBIR H. KAZMI
Updated Oct 08, 2005

MONEY MARKET

The week started with overnight rates quoted on the lower side and trades were struck in the band of 7.25% and 8.00%. Later, as the week progressed, borrowing pressure pushed rates up and by midweek, overnight rates moved in the band of 8.90% and 8.95%. Market participants were unable to square positions and had to approach State Bank of Pakistan (SBP) to rescue them. Market saw discounting of around Rs.12b to Rs.15b on the last day of the week.

One-week tenor also experienced higher rates. Initially quoted in a band of 7.90% to 8.10%, rates hiked to levels of 8.20% to 8.90%. Twoweek moved in a similar pattern with initial quotes at 7.90% and 8.10%. Later, as the week progressed, rates moved in the band of 8.20% and 8.60%.

Heavy activity in one-month tenor was evident during the week and early rates were quoted in the band of 7.90% and 8.10% with activity seen at 8.10%. Later rates took a hike and activity in the respective tenors was noted as high as 8.35%.

FUTURE OUTLOOK

With a total inflow of around Rs.36 billion in the coming week coupled with the T-bill auction, rates are expected to remain on the higher side.

YIELD PROFILE

FEDERAL INVESTMENT BONDS

.

THIS WEEK

1 WEEK AGO

1 YEAR AGO

1 Year

08 95

08.95

04.30

2 Year

08.95

08.95

05.00

3Year

OX.95

08.95

05.35

4 Year

09.00

09.00

06.25

5 Year

09.00

09.00

06.35

10 Year

09.05

09.05

08.48

 


 

AUCTIONS

BID DATE

INSTRUMENT

RESULT

SETTLEMENT

Sep 28 T-Bill 0 3 Mth Sep 28 Sep 29
Sep 28 T-Bill 06 Mth Sep 28 Sep 29
Sep 28 T-Bill 12 Mth Sep 28 Sep 29

TARGET AMOUNT

BID AMOUNT

ACCEPTED AMOUNT

Rs. 50,000 Mln 

Rs. 44,185 Mln 

Rs. 8,735 Mln

 


 

MATURITIES

INSTRUMENT

DATE

AMOUNT

T-Bill

13 Oct

03,000 mln

FIB/PIB

19 Oct

01,164 mln

T-Bill

17 Oct

15,110 mln.

 


 

REPO RATES
 

THIS WEEK

1 WEEK AGO

1 YEAR AGO

Overnight

08.95

07.75

00.50

1 Week

08.80

07.90

01.50

1 Month

0X.45

08.05

02.40

3 Month

08.30

08.15

02.X0

6 Month

08.40

08.30

03.20

1 Year

08.80

08.80

03.70

 


 

TREASURY BILL RATES

MATURING THIS WEEK 1 WEEK AGO 1 YEAR AGO

1 Month

08.40

08.10

02.60

2 Month

08.15

08.10

02.65

3 Month

08.15

08.10

02.75

4 Month

08.20

08.15

03.00

5 Month

08.20

08.15

03.10

 


 
 

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