OMO Result: SBP injects Rs1.77tr

MG News | May 26, 2023 at 12:48 PM GMT+05:00

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May 26, 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 Rs1.77 trillion into the market, from which Rs1.73tr injected into the market under reverse repo.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
5-Day	Reverse Repo (Inject)	1,525,850	1,525,850	21.21 - 21.06	21.25	16	16
77-Day		209,700	209,700	21.15 - 21.01		18	18
Total		1,735,550	1,735,550

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs37bn into the market.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
5-Day	Shariah Compliant (Injection)	-	-	No Bid Received	-	-	-
77-Day		37,000	37,000	21.11 - 21.11	21.11	1	1
Total		37,000	37,000

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