OMO Result: SBP injects Rs591.7 billion into the market

MG News | June 24, 2022 at 04:02 PM GMT+05:00

0:00

June 24, 2022 (MLN): State Bank of Pakistan on Friday injected Rs591.7 billion into the money market through reverse repo purchase and Shariah-compliant mudarabah-based open market operation.

As per the SBP statement, through reverse repo purchase operation, the injected amount was Rs402.2 billion for 77 days at a 13.84% rate of return accepted per annum, while no bids were received for the 6-day injection.

The amount injected through Shariah-compliant mudaraba-based operation was Rs189.5 billion, of which Rs100 billion were injected for 6 days at 13.81% rate of return accepted per annum and Rs89.5 billion were for 63 days at a rate of return of 13.85% per annum.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
6-Days	Reverse Repo (Injection)	No bids received	No bids received	–	–	–	–
77-Days	Reverse Repo (Injection)	402,200	402,200	13.95-13.84	13.84	16	16

Summary of Shariah Complaint Mudarabah Based OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
6-Days	(Injection)	136,000	100,000	13.85 – 13.81	13.81*	04	04
77-Days	(Injection)	89,500	89,500	13.90 – 13.85	13.85	03	03

*Total amount offered at 13.81% was R.s. 98,000.00 Mio, out of which SBP accepted R.s. 62,000.00 Mio on a pro-rata basis.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,000.00	73,160.00 70,200.00	2355.00 3.33%
BRENT CRUDE	99.18	102.75 97.60	-1.28 -1.27%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.80 -9.80%
ROTTERDAM COAL MONTHLY	123.80	123.80 123.80	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	93.92	98.09 92.04	-1.81 -1.89%
SUGAR #11 WORLD	14.50	14.53 14.32	0.12 0.83%