February 23, 2024 (MLN): The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs776 billion into the market. Of which Rs481.5bn were injected through reverse repo OMO.
| Summary of OMO Result (Reverse Repo) | |||||||
|---|---|---|---|---|---|---|---|
| Amount (Rs in Million) | Rate (%) | Quotes | |||||
| Tenor | Type | Offered | Accepted | High – Low | Accepted | Offered | Accepted |
| 7D | Reverse Repo (Injection) | 143,850 | 143,850 | 22.15 – 22.09 | 22.09 | 4 | 4 |
| 28D | Reverse Repo (Injection) | 420,800 | 337,650 | 22.1 – 22.05 | 22.08 | 14 | 11 |
| Total | 564,650 | 481,500 | |||||
Meanwhile, the remaining Rs294.5 billion was injected through Shariah-compliant Modarabah-based OMO.
| Summary of OMO Result (Shariah) | |||||||
|---|---|---|---|---|---|---|---|
| Amount (Rs in Million) | Rate (%) | Quotes | |||||
| Tenor | Type | Offered | Accepted | High – Low | Accepted | Offered | Accepted |
| 7D | Reverse Repo (Injection) | 208,500 | 204,500 | 22.1 – 22.07 | 22.08 | 4 | 3 |
| 28D | Reverse Repo (Injection) | 125,000 | 90,000 | 22.11 – 22.07 | 22.10 | 3 | 2 |
| Total | 333,500 | 294,500 | |||||
Copyright Mettis Link News
Posted on:2024-02-23T12:41:34+05:00
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