OMO Results: SBP injects Rs1.8tr in market

MG News | March 17, 2023 at 04:43 PM GMT+05:00

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March 17, 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 Rs1.8 trillion into the market, from which Rs1.76tr injected into the market of which Rs400bn were injected at 20.15% for 10-day and Rs1.36tr were injected at 20.11% rate of return for 77-day.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
10-Day	Reverse Repo (Inject)	461,150	400,000	20.32 - 20.15	20.15	8	8
77-Day	Reverse Repo (Inject)	1,385,700	1,368,250	20.21 - 20.08	20.11	28	24
Total		1,846,850	1,768,250

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs123.95bn into the market of which Rs60.95bn were injected at 20.18% for 10-day and Rs63bn were injected at 20.15% rate of return for 77-day.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
10-Day	Shariah Compliant (Injection)	60,950	60,950	20.18 - 20.18	20.18	1	1
77-Day	Shariah Compliant (Injection)	63,000	63,000	20.23 - 20.15	20.15	3	3
Total		123,950	123,950

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