PAGE DATABASE

 

1- FOREX KERB WATCH

2- STOCK PICKS

3- COT WEEKLY REVIEW
 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated June 21, 2003

 

 

 

 

 

COMMENTS: In the open market, mostly the Rupee remained firm on the desks but mild losses were also recorded due to the gains of the US Dollar in the international market. Although the trading turnover was normal in the kerb but the fluctuation in the price of the currency in the world market pushed the Rupee down upto some level and the Rupee closed the week on a mix note on the desks.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.925

57.945

-.0345

60.275

-3.8987

 


COMMENTS: The Rupee recorded gains against the Pound this week and an upward trend in the value of the national currency was seen in most of the sessions. The demand of the currency was a bit high in the kerb due to record highs of the Sterling in the international market. The national currency ended the week on a positive note here in the kerb.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

96.50 96.575 -.0776 90.35 6.8660

 

 


COMMENTS: Against the Euro, the Rupee showed significant recovery in its price against the Euro this week. The smart gains of Rupee continued in most sessions of the week as Euro remained week in the international market and therefore the Rupee was able to recover grounds that it had lost in the last few days of trading. The Rupee showed an upward trend this week and ended the week on a strong note here in the kerb.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

67.525 68.575 -1.5311 - -

 


COMMENTS: The Yen showed no major gain or loss against the Pak Rupee in the trading this week besides the normal changes in its price due to the international market movements. No major buying and selling of the currency was recorded and the Rupee ended the week on a firm note here in the kerb.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4865 0.490 -.7142 0.4960 -.1.9153