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 11, 200
5

 

 

COMMENTS:
The rupee once again took the driving seat this week and managed to stand firm throughout a week. The market remained unchanged for five consecutive days at Rs60/40 and no charge occurred except on Monday when rupee lost 0.10 paisa. The rupee started fresh week on a overnight weak note but soon proceeded in the positive direction by pulling solid breaks on the rising acceleration of the greenback. There was a decline in the demand of all currencies this week which stood as the major supporting factor to the national currency.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.425

60.525

-.1652

58.425

3.4131

 


 

 

COMMENTS
:
Sterling continued its upward acceleration against rupee and more gains in its price were recorded in the first few sessions of this week as well. The currency standings were mainly affected by the continuous rise of sterling against the US dollar in the international market and thus, its direct effects were recorded here in the kerb too. However, with its falls against the greenback towards the weekend, sterling lost value here in the kerb as well and thus rupee was able to recover some grounds.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

110.9 110.45 .4074 106.5 4.1314

 


COMMENTS: The weak performance of euro in the international market affected the standing of the currency here in the kerb as well and the national currency as a result enjoyed gains against the same throughout this week. There was no significant buying and selling of euro and exchange prices continued to fluctuate throughout under the international market trend.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

74.1 74.4 -.4032 70.5 5.1063

 


 

 

COMMENTS
: A mix trend was observed in the price of yen against the rupee this week and the currency continued to behave under its international market trend. With its solid performance against the greenback in the initial stages on world desks, yen was able to build pressure on rupee as well here in the kerb and the exchange price went up to 0.566. However, the currency lost towards the weekend and therefore rupee also was able to recover grounds.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.559 0.563 -.7104 0.490 14.0816