PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

3- COT WEEKLY REVIEW
 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated May 24, 2003

 

 

 

 

 

COMMENTS: In the open market, the trading trend remained very smooth between the two currencies and no major change was recorded throughout the week. The Rupee in most sessions traded softly against the dollar amid to low turnover and low profile of the currency in the international market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.805

57.855

-.0864

60.655

-4.6987

 


COMMENTS: The Rupee this week too remained firm against the Pound Sterling. The Rupee started the week on a firm note but lost 0.35 paisa on Wednesday due to major hike of the currency in the international market. The Rupee soon recovered the loss and ended the week on a positive note.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

94.35 93.60 .8012 88.10 7.0942

 

 


COMMENTS: The Euro continued to give tough competitions to the national currency and marched towards record highs on the desks. The Euro crossed Rs.68.00 mark for the very first time in the history of trading. The record highs of the currency in the international market affected the national markets as well and the Rupee fell to record lows while no major resistance from the Rupee came forward.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

68.35 66.90 2.1674 - -

 


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

0.4925 0.4805 2.4973 0.4805 2.4973