CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE
6. AN INTERVIEW WITH CEO LSE

7. PAKISTAN EQUITIES MARKET

 

FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated May 07, 200
5

 

 

COMMENTS:
The rupee came up positively in the dealings this week and showed some resistance against greenback in most of the sessions. The national currency was relatively weak initially but later on made a come back and ended on a firm note. Trading this week started at Rs 59/97 which went up to Rs60/- as demand continued to keep rupee under pressure. On the other hand, supply also went short and therefore, rupee found no support from market sentiments.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.025

59.925

.1668

58.025

3.4467

 


 

 

COMMENTS:
Pound sterling started off strongly but failed to maintain the same momentum as currency fell under severe selling pressure in the international market. Sterling started new week on a strong note at Rs114/15 but proceeded with a mixed variation showing both rise and falls throughout. On Saturday, the currency was changing hands at Rs113/45 and thus an overall loss of 0.70 paisa was recorded in its price.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

113.8 114.65 -.7413 103.45 10.0048

 


COMMENTS: Euro traded both ways against rupee in the open market this week. Both rise and fall in the price of euro were recorded throughout which were mainly influenced by currency's performance against dollar and yen in the international market. Rupee felt pressure from euro in the initial sessions till Thursday before it retreated and ended on a positive note.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

77.4 78.25 -1.0862 69.1 12.0115

 


COMMENTS: Yen continued to change its standing actively and stood as one of the major performer for the second consecutive week. It was the second straight week when rupee ended on a weak note against yen. Trading started at Rs0.567 and at close, the trading price had gone up to 0.570.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5705 0.5625 1.4222 0.514 10.9922