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OMO Result: SBP injects Rs1.34tr

OMO Result: SBP injects Rs619.85bn
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May 19, 2023 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO), and Shariah-compliant Mudarabah OMO today, in which it cumulatively injected a total of Rs1.34 trillion into the market, from which Rs1.26bn injected into the market under reverse repo.

Summary of OMO Result
    Amount (Rs in millions) Rate (%) Bids
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
7-Day Reverse Repo (Inject) 612,000 612,000 21.15 – 21.09 21.09 9 9
77-Day   649,900 649,900 21.20 – 21.02 21.02 27 27
Total 1,261,900 1,261,900  

While the remaining Rs85bn has been injected through Shariah-Compliant Modarabah-based OMO.

Summary of Shariah-Compliant Mudarabah-based OMO Result
    Amount (Rs in Millions) Rate (%) Quotes
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
7-Day Shariah Compliant (Injection) No Bid Received
77-Day   85,000 85,000 21.13 – 21.13 21.13 1 1
Total 85,000 85,000  

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Posted on: 2023-05-19T12:40:35+05:00