CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE


FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Mar 12, 200
5

 

 

COMMENTS:
Slack demand and easy supply of dollars dominated the market this week and no major change in the exchange price came forward. The buyers remained sidelines which gave rise to dull trading session and therefore no significant movement was recorded. The greenback started current week at a price level of Rs. 59/53 and on the final day, was changing hands at Rs. 59/50. The 0.03 paisa gain was observed on Tuesday and since then, the market stood unruffled without showing any other change.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.545

59.575

-.0521

57.645

3.2960

 


COMMENTS: Sterling's trend was also similar to that of euro and the currency showed swift gains against rupee in most sessions of this week. Sterling stated the week on a positive note and continued with the same trend amid its increased demand and its rise in the international market against the greenback. Sterling started at Rs. 114/00 and went up to Rs. 114/15 showing an overall gain of 0/15 paisa at weekend.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

114.4 114.5 -.0873 103.85 10.1588

 

 

 


COMMENTS: Just opposite to the trading trend of dollar, euro ended as a smart performer against rupee this week. The currency demonstrated active movement on the trading desks and managed to make hefty grounds at close. Euro which was all set to march higher on the desks since the start of fresh week proceeded in the very same direction and improved its overall standing by Rs. 1/15 on Saturday.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

79.9 78.85 1.3316 70.90 12.6939

 


COMMENTS: With its gradual rise against dollar in the international market, Yen was able to build pressure on rupee here in the kerb as well. The pace of gains was although slow, but it did prevail through out week's trading. Yen started new week at 0.563 and at close of markets, was changing hands at 0.568, and thus showing an appreciation by 0.05 paisa. The demand remained normal whereas the international market trend mainly affected the currency standings here in the kerb dealings.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5705 0.565 .9734 0.5170 10.3481