Comments by OWAIS S.
KALIA (Khanani & Kalia)
Updated on Aug 11,
2001
Comments:
In the domestic market, the Rupee started this week with a weak note
as the national currency lost its grounds in the trading on the first
two days amid to an increase in the demand of the currency as the
banks and SBP activated in the market to cater their requirements.
However since Thursday, the Rupee made recovery in the market as the
demand went to normal and thus the national currency ended the week
showing no change in its value against the Greenback as compared to
last week closing score.
RUPEE/US DOLLAR |
This Week |
Last Week |
% Change |
Last Year |
% Change |
|
67.025
|
67.075
|
-.0745
|
56.25
|
19.155
|
Comments: The Rupee in the
domestic market remained strong against the Sterling this week as the
currency traded under stress amid to its record losses in the world
currency market. The Rupee ended the week showing a gain of 0.30 Paisa
against the Pound this week.
RUPEE/POUND STERLING |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 95 |
95.300 |
-.3147 |
84.3 |
12.6927 |
Comments: The German Mark kept
the Rupee under pressure for most time of the week as the currency
traded under the influence of massive gains of the Euro against all
the major rivals throughout this week. The Rupee had to suffer a
loss of 0.35 Paisa at the close of the markets here in the kerb as
compared to last week's trading price.
RUPEE/DEUTSCHE
MARK |
This Week |
Last Week |
% Change |
Last Year |
% Change |
| 30.8 |
30.075
|
2.4106 |
26.225 |
17.4451 |
Comments: In
the domestic market, Yen remained at normal level against the Pak
Rupee and any noticeable change in the trading values did not come
forward. In the international market, Yen remained under pressure
against Euro and US Dollar as the currency failed to make any
positive advancement in the absence of strong investors confidence
to buy the currency.
RUPEE/JAPANESE YEN |
This
Week |
Last Week |
% Change |
Last Year |
% Change |
| .544 |
.537 |
1.303 |
.5135 |
5.9396 |
