OMO Result: SBP injects Rs2.9tr

MG News | April 04, 2025 at 12:08 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 04, 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 Rs2.9 trillion into the market of which Rs2.38tr 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)	2,386,900	2,386,900	12.15 - 12.07	12.07	22	22
Total		2,386,900	2,386,900

Meanwhile, the remaining Rs556 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)	556,500	556,500	12.15 - 12.09	12.09	10	10
Total		556,500	556,500

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	178,221.59 387.43M	-0.02% -40.74
ALLSHR	107,842.66 740.21M	0.00% 5.22
KSE30	53,315.06 89.95M	-0.06% -32.61
KMI30	251,883.32 123.63M	0.15% 372.95
KMIALLSHR	69,200.34 498.37M	0.04% 26.47
BKTi	50,884.78 16.62M	-0.35% -179.95
OGTi	35,223.03 4.86M	-0.07% -25.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,430.00	64,810.00 63,035.00	-1535.00 -2.36%
BRENT CRUDE	85.60	88.06 85.34	-2.76 -3.12%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	80.50	82.43 80.31	-2.11 -2.55%
SUGAR #11 WORLD	14.60	14.62 14.54	0.02 0.14%