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 18, 200
5

 

 

COMMENTS:
In the open market last week, a mix trend was observed and rupee lost Initially but later recovered the same towards the week-end. The rupee started fresh week on the overnight weak note but soon proceeded in the positive direction by first recovering some lost grounds and then standing firm through out. There was a decline in the demand of all currencies last week too which stood as the major supporting factor to the national currency. The major buyers remained sidelines which helped to release pressure from the vendors as well thus resulting in less demand of greenback in the market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.475

60.425

.0826

58.425

3.5087

 


 

 

COMMENTS
:
Euro which had been trading in the negative phase for the past few weeks showed active performance against rupee last week. The national currency lost significant grounds due to better performance of euro against the US dollar in the international market. However, the national currency was able to show recovery during mid week but overall sensed pressure. Euro which started at Rs. 73/05 was changing hands at Rs. 73/65 at close of markets in the kerb and thus ended the week on a positive note showing gain of 0.60 paisa.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

110.45 110.9 -.4057 107.6 2.6486

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded last week as well. The currency standings were mainly affected by the rise of sterling against the US dollar in the international market and thus, its direct effects were recorded here in the kerb as well. Sterling started at Rs. 109/50 and crossed Rs. 110/- barrier several times during the week. At close, sterling was changing hands at Rs. 109/90 showing a significant gain of 0/40 paisa against the rupee.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

74.0 74.1 -.1349 70.5 4.9645

 


COMMENTS: A mix trend was observed in the price of yen against the rupee last week and the currency continued to behave under its international market trend. With its solid performance against the greenback in the international markets initially, yen was able to build pressure on rupee as well in the kerb. The demand of currency remained within normal range and yen continued to trade at a price level of 0.550-0.560 this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5525 0.559 -1.1627 0.5365 2.9822