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MPS Preview: High for Longer

OMO Result: SBP injects Rs1.99tr

OMO Result: SBP injects Rs9.66tr
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December 29, 2023 (MLN): The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs1.99 trillion into the market. Of which Rs1.94tr were injected through reverse repo OMO. 

Summary of OMO Result
    Amount (Rs in Million) Rate (%) Quotes
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
04-Day Reverse Repo (Injection) 654,750 281,000 22.26 – 22.06 22.11 15 5
14-Day   460,050 367,050 22.15 – 22.07 22.11 5 3
28-Day   1,520,000 1,295,950 22.12 – 22.04 22.05 18 13
Total 2,634,800 1,944,000  

Meanwhile, the remaining Rs47 billion was injected through Shariah-compliant Modarabah-based OMO. 

Summary of OMO Result
    Amount (Rs in Million) Rate (%) Quotes
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
04-Day Reverse Repo (Injection) 35,000 35,000 22.16 – 22.10 22.1 2 2
14-Day   57,000 12,000 22.16 – 22.18 22.16 2 1
28-Day       No Bid Received
Total 92,000 47,000  

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Posted on: 2023-12-29T16:21:23+05:00