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 July 23, 200
5

 

 

COMMENTS:
The rupee mostly remained unchanged against dollar in the open currency market this week and thus continued with the same trend which it has been showing for the last one month. Rupee started new week at Rs. 60/45 and managed to stand firm at the same price except a few changes due to the prevailing and demand and supply situation which is a part of routine trading trend.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.475

60.475

00

58.575

3.2437

 


COMMENTS: Euro showed a mix performance against rupee this week and demonstrated both rise and falls in its price. The international market trend was the major influencing factor whereas a slight increase in selling from the customers was also seen in the kerb. Euro started new week at Rs. 73/15 and at close was changing hands at Rs. 72/90 thus losing 0.25 paisa overall.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

105.3 106.1 -.7540 107.3 -2.0503

 


 

 

COMMENTS
:
Sterling started this week on a positive note but with its falls against the US dollar in the international market lost momentum here in the kerb as well and lost significant grounds afterwards and thus the national currency was able to recover some shine in the end. Sterling was overall weak in the international market and therefore its effects were seen here in the kerb as well. The currency started new week at Rs. 106/25 and at close was trading at Rs. 105/05 thus showing a significant loss of Rs. 1/20.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.0 72.9 .1371 71.1 2.6722

 


COMMENTS: Yen continued to trade under its international market trend and received major support. Yen gained sharply against the US dollar after the Chinese government decided to scrap its current peg of Yuan to the dollar in favor of allowing the Yuan to float within a 0.3% band against a basket of currencies-effectively causing a revaluation of the Yuan against the dollar to 8.11 from the previous value of 8.28.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5405 0.5375 .5581 0.53 1.9811