KIBOR hikes by 91bps

MG News | November 28, 2022 at 03:04 PM GMT+05:00

0:00

November 28, 2022 (MLN): In the backdrop of the increased policy rate by 100 basis points to 16% on Friday, the Karachi Inter Bank Offer Rates (KIBOR) rate has jumped by 91 basis points (bps).

Accordingly, in six months KIBOR has increased by 91 bps to 16.81%, and one-year KIBOR surged by 90 bps to 17.09%.

In FYTD, six months KIBOR moved up by 148 bps and one year by 138 bps.

Moreover, on the interest rate hike, investors at the Pakistan Stock Exchange remained pessimist as the benchmark KSE-100 index lost over 800 points in early trade of today’s session.

Moreover, the bonds have witnessed a 40-60 bps increase in the secondary market.

Copyright Mettis Link News

Related News

Banks Prioritize Government Securities as Deposits and Investments Rise

Pakistan's Forex Reserves Increase by USD 21.40 Million

State Bank's Forex Reserves Increase by USD 28.20 Million

Name	Price/Vol	%Chg/NChg
KSE100	154,999.30 126.39M	0.36% 559.61
ALLSHR	94,926.03 491.36M	0.27% 257.87
KSE30	47,327.02 63.54M	0.44% 207.12
KMI30	226,521.40 64.57M	0.18% 395.69
KMIALLSHR	63,696.03 216.53M	0.20% 126.98
BKTi	41,781.97 23.90M	0.38% 159.14
OGTi	31,561.85 5.67M	0.23% 73.07

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,810.00	117,240.00 115,160.00	-1455.00 -1.24%
BRENT CRUDE	67.20	67.52 66.78	0.21 0.31%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	93.25 92.75	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.93	63.24 62.52	0.24 0.38%
SUGAR #11 WORLD	15.92	15.98 15.84	0.13 0.82%