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Money Market Commentary
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Money market initiated at the level of 12.00% --12.50%. In Repo, major deals were done in the range of 11.50%--12.00%. Money Market closed at the level of 11.50%--11.75%. SBP announced 8 days OMO and injected PKR 10.05 bln @12.20% against total participation of PKR 15.85 bln.F or Tuesday it is expected that money market would trade at the level of 11.75% -- 12.25%.
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