OMO Result: SBP mops up Rs460bn from market

MG News | December 31, 2024 at 12:10 PM GMT+05:00

0:00

December 31, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) in which it mopped up a total of Rs460 billion from the market.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
03-Day	Repo Sale (Mop up)	460,000	460,000	12.90 - 12.95	12.95	2	2
Total		460,000	460,000

Open Market Operation is a tool used by a Central Bank (or monetary authority) 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/PDs against eligible collateral to address liquidity shortage in the system.

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

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	135,939.87 307.74M	-0.41% -562.67
ALLSHR	84,600.38 877.08M	-0.56% -479.52
KSE30	41,373.68 101.15M	-0.43% -178.94
KMI30	191,069.98 82.45M	-1.17% -2260.79
KMIALLSHR	55,738.07 422.01M	-1.03% -577.24
BKTi	38,489.75 45.79M	-0.02% -8.33
OGTi	27,788.15 6.87M	-1.24% -350.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,905.00	120,695.00 116,090.00	-3330.00 -2.77%
BRENT CRUDE	68.79	69.41 68.60	-0.42 -0.61%
RICHARDS BAY COAL MONTHLY	96.50	96.50 96.50	0.50 0.52%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.25	-2.05 -1.92%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.65	67.13 66.22	-0.33 -0.49%
SUGAR #11 WORLD	16.56	16.61 16.25	0.26 1.60%