CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE
6. PAKISTAN WEEKLY REVIEW

 

FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated June 04, 200
5

 

 

COMMENTS:
In the open market this week, the rupee maintained a firm tone against greenback and mostly remained unchanged. New week started at the overnight price of Rs60/40 and prolonged at the same through out current week. The decline in demand was witnessed this week as well whereas supply was fairly normal to cover up market requirements. The subsequent intervention by exchange companies and less than normal demand helped rupee not only to sustain the pressure but also stand firm.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.525

61.775

-2.034

58.375

3.6830

 


 

 

COMMENTS
:
As mix trend was observed in the price of sterling this week due to the same pattern of currency on the international desks. The currency moved both ways but mostly rupee kept an upper hand. Sterling started the new week at Rs110/50 and at close of markets was changing hands at Rs110/25 thus showing a loss of 0.25 paisa. The highest price recorded for sterling this week was Rs110/50 followed by Rs110/45.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

110.45 111.6 -1.0304 107.2 3.0317

 


COMMENTS: Euro continued with its back foot performance against rupee this week too and lost more grounds in the dealings. Euro started on a weak note and prolonged the trading with the same note. Overall, euro lost Rs1/55 in the kerb dealings this week as the currency was changing hands at Rs74/30 as compared to Rs75/85 at the start of current week. The weak performance of euro in the international market affected its standing here in the kerb as well and the national currency as a result enjoyed gains.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

74.4 76.7 -2.9986 71.6 3.9106

 


COMMENTS: Yen mostly remained firm against rupee following its trend against dollar in the international market. The currency pair traded between 0.558-0.560 which was comparatively lower than last week. The demand of the currency remained lower and importers continued to execute their transactions.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.563 0.560 .5357 0.523 7.6481