PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Dec 14,
2002

 

 

 

COMMENTS: In the open market, the Pak Rupee stood firm against the Green back throughout the week and no major change in its price was recorded on the desks. The Rupee showed mild losses in the first two days after Eid since there was rise in the demand of the currency after three days break in the market. Overall, no major activity in the market was recorded in the later stages that supported the Rupee to maintain the stable trend that it is holding for the last many weeks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

58.095

-

-

60.70

-4.2915

 


COMMENTS: The trading trend between the Rupee and the Pound remained on a normal note and slight fluctuation in the values of the currencies according to the market conditions were witnessed here in the kerb. The Rupee in most of the sessions remained firm and major loss in its price was not recorded on the desks. The Rupee overall ended the week with a firm note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

90.65 - - 87.90 3.1285

 


COMMENTS: The Euro gave tough competition to the Rupee this week trading under its international market trend. The Euro remained strong in the international market and showed its impact in the kerb too. The Rupee lost significant grounds against the currency. The Rupee lost grounds in the opening especially and was able to recover the same towards the end.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

57.90 - - - -

 


COMMENTS: The Rupee remained firm against Yen this week too and much change in its price at the end of the week was not recorded here in the kerb. There was no major demand from the buyers, which supported the Rupee to stand firm for yet another week, and thus the Rupee ended the week on a positive note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4735 - - 0.4765 -.6295