OMO Result: SBP injects Rs568.9bn

MG News | July 14, 2023 at 01:03 PM GMT+05:00

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July 14, 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 Rs568.9 billion into the market. Of which Rs490.9bn were injected through reverse repo purchase.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Reverse Repo (Inject)	100,000	100,000	22.12 - 22.12	22.12	01	01
77-Day		566,750	390,900	22.10 - 22	22.10	16	03
Total		666,750	490,900

The remaining Rs78bn was injected through Shariah-Compliant Modarabah-based OMO.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Shariah Compliant (Injection)	112,500	28,000	22.13 - 22.05	22.10	06	02
77-Day		50,000	50,000	22.04 - 22.04	22.04	01	01
Total		162,500	78,000

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