PIB Auction: SBP Rejects All Bids

MG News | November 15, 2017 at 08:05 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

State Bank of Pakistan rejected all the bids received from banks and financial institutions for the tenure of three, five and ten years.

SBP received bids amounting to Rs 24.394 billion out of this bids worth Rs 19.4 billion were received for three years, Rs 2.09 billion for five years and Rs 2.83 billion for ten years.

The market makers were of the opinion that in long run interest rates are bound to rise so the participation mostly glued to three year tenure. Inflation rate appeared to be manageable but as the crude oil prices have increased and global commodity prices bound to rise interest rate to see some upward movement.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,348.35 100.69M	-0.96% -1575.97
ALLSHR	98,638.59 350.31M	-0.89% -888.29
KSE30	47,802.33 46.50M	-1.06% -511.48
KMI30	232,644.49 53.31M	-1.27% -2992.70
KMIALLSHR	63,984.99 183.51M	-1.08% -698.10
BKTi	44,690.81 13.42M	-1.09% -490.40
OGTi	33,050.71 4.76M	-1.03% -344.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,640.00	81,920.00 81,055.00	185.00 0.23%
BRENT CRUDE	114.95	114.96 112.74	1.78 1.57%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.55 -1.19%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.80 1.24%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	101.26	101.30 98.84	1.79 1.80%
SUGAR #11 WORLD	20.32	20.47 20.02	0.19 0.94%