PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated on  Mar 15,
2003

 

 

 

 

 

 

COMMENTS: In the open market, the trading drift remained in favour of the Rupee as the national currency showed smart gains against the Green back. The fall in the inter-bank rate of the US dollar supported the rupee in the kerb too whereas there was an increase in the selling pressure as well due to Ashoora holidays and the prevailing global scenario with respect to a possible war in Iraq. Rupee showed active gains and closed the week on a positive note on the desks

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.925

58.00

-.1293

60.505

-4.2641

 


COMMENTS: The rupee remained firm against the Pound and no major change in the value of the national currency was recorded throughout the week. The trading trend remained normal and no active participation of the buyers and sellers significant change in the value of the two currencies was recorded till the end of the week.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

91.3 92.75 -1.5633 86.35 5.7324

 

 


COMMENTS: Against the Euro as well, the Rupee stood firm except the routine rise and falls in its price. Euro also remained dim in the international market and its effect was also seen here in the kerb. The fall in the value of the Euro however remained under control and the week ended giving the rupee a firm position against Euro on the desks.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

62 62.65 -1.0375 - -

 


COMMENTS: The Yen showed no major gain or loss against the Pak Rupee in the trading this week too and thus remained unchanged here in the kerb. The trading price more or less remained the same throughout the week except the routine ups and downs that are a part of the routine trading trend.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.486 0.493 -1.4198 0.4675 3.9572