KIBOR hikes by 91bps

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

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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.

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Key Pakistan Market Stats and Economic Indicators

Name	Price/Vol	%Chg/NChg
KSE100	173,886.69 195.81M	-0.85% -1493.18
ALLSHR	104,193.90 1,478.56M	-0.79% -830.04
KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
KMIALLSHR	67,289.90 391.02M	-0.79% -536.64
BKTi	47,836.07 30.16M	-1.03% -497.73
OGTi	34,437.26 6.66M	-1.07% -371.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,945.00	76,150.00 73,515.00	-1010.00 -1.33%
BRENT CRUDE	93.77	98.43 92.80	-4.55 -4.63%
RICHARDS BAY COAL MONTHLY	126.00	126.00 126.00	-1.00 -0.79%
ROTTERDAM COAL MONTHLY	133.80	133.80 133.80	-0.25 -0.19%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	87.73	91.42 86.19	-3.10 -3.41%
SUGAR #11 WORLD	18.21	18.44 18.18	-0.03 -0.16%