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
7. RECORD LISTINGS AT THE KARACHI STOCK EXCHANGE

 

FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated July 02, 200
5

 

 

COMMENTS:
The rupee remained strong versus the dollar this week too. The national currency started fresh week on its overnight note and managed to proceed in the same direction by showing some gains in the middle. The local currency changed hands from Rs. 60/42 to Rs.60/40, by showing the gain of 0/02 paisa. Thus, the rupee closed the week on an upbeat in the open market.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.475

60.475

00

58.625

3.1556

 


COMMENTS: Euro again remained loser versus the rupee in the kerb this week. The single currency set off the new week trading at Rs. 72/80, faced strong resistance from the national currency and changed hands at Rs. 71/50. Thus, the national currency gained Rs. 1/30 versus the euro. Since the currency was weak in the international market, therefore its effects were seen here in the kerb as well.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

109.7 110.45 -.6790 107.0 2.5233

 

 

 


COMMENTS: Pound sterling suffered great losser versus the local currency in the kerb this week. The cable started the new week at Rs. 109/50, remained under tremendous pressure versus the rupee amid its downward performance versus greenback on world desks and changed hands at Rs. 105/90. Thus, the national currency accumulated the gain of Rs. 3.60. Overall, the national currency closed the week on a high note versus the cable in the open market.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

72.7 74.0 -.1349 71.25 2.0350

 


 

 

COMMENTS
: Yen also observed a downward trend in its price versus the rupee in the kerb this week. Yen traded at a price level of 0.545 versus the local currency. Thus, the national currency ended week on an upbeat note versus the Japanese Yen.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5515 0.5525 -.1809 0.5425 1.6777