OMO Result: SBP injects Rs11.41tr

MG News | January 31, 2025 at 01:04 PM GMT+05:00

0:00

January 31, 2025 (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 Rs11.41trillion into the market of which Rs10.52tr were injected through reverse repo OMO.

Summary of OMO Result (Conventional)
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7D	Reverse Repo (Injection)	2,003,100	2,003,100	12.12 - 12.05	12.05	21	21
28D	Reverse Repo (Injection)	8,526,400	8,526,400	12.10 - 12.04	12.04	27	27
Total		10,529,500	10,529,500

Meanwhile, the remaining Rs886 billion was injected through Shariah-compliant Modarabah-based OMO.

Summary of OMO Result (Shariah)
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7D	Reverse Repo (Injection)	498,000	498,000	12.12 - 12.08	12.08	05	05
28D	Reverse Repo (Injection)	388,000	388,000	12.12 - 12.08	12.08	04	04
Total		886,000	886,000

Explanatory Note

Open Market Operation is a tool used by SBP to inject or mop-up funds, based on the liquidity requirements, from the banking system via the purchase or sale of eligible securities.

Operationally, in case of OMO (Injections), SBP lends funds to banks/Primary Dealers (PDs) against eligible collateral to address liquidity shortage in the system.

For OMO (Injections), marketable government securities, i.e. Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) are eligible securities.

In OMO (Mop-up), SBP sells MTBs to banks against funds to remove surplus liquidity from the system.

Eligible collateral for OMO (Mop-up) includes selling MTBs (on repo or outright basis) to banks for removing excess liquidity from the system.

In case of Bai-Muajjal, a Shariah compliant tool for managing liquidity in the Islamic banking system, GOP Ijara Sukuk are eligible securities.

Banks and PDs are eligible counterparties to OMO transactions. For Bai Muajjal transactions, Islamic banks and specialized Islamic windows of conventional banks are eligible counterparties.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,949.44 91.61M	-0.31% -471.99
ALLSHR	92,357.75 245.11M	-0.14% -130.03
KSE30	47,053.65 55.34M	-0.57% -269.08
KMI30	220,119.43 42.18M	-0.81% -1807.57
KMIALLSHR	59,600.35 92.92M	-0.48% -289.07
BKTi	44,103.81 19.80M	-0.05% -23.89
OGTi	31,512.70 4.71M	-0.64% -202.72

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,455.00	72,250.00 70,200.00	810.00 1.15%
BRENT CRUDE	100.61	101.74 99.51	0.15 0.15%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.80 -9.80%
ROTTERDAM COAL MONTHLY	124.50	124.60 123.85	3.10 2.55%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	95.62	98.09 94.52	-0.11 -0.11%
SUGAR #11 WORLD	14.43	14.49 14.12	0.18 1.26%