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 Aug 13, 200
5

 

 

COMMENTS:
The rupee showed a positive posture against the US dollar this week too. The national currency enjoyed gains against greenback in most sessions and therefore the rising trend which has started on Saturday last was in full swing with dollar trading below Rs. 60/- mark for the first time in the last three months. Dollar had crossed Rs. 60/- barrier on 7th May this year and thus the trading price of Rs. 59/95 stands as its lowest exchange price since then.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.025

60.475

-.7441

59.075

1.6081

 


COMMENTS:

 

 

Euro showed mix trend and both rise and falls in its price were recorded according to its performance against greenback in the international market. The currency which started new week at Rs. 74/- was changing hands at Rs. 73/70 at close and thus a fall of 0.30 paisa in its price was recorded. Rupee remained under pressure in the first four days as euro was on a rise against dollar on world desks in the mean time.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

108.4 106.6 1.6885 107.6 .7434

 


COMMENTS: Round sterling stood as a major performer this week and continuous rise in its price was recorded. The currency taking curs from its international market trend showed an upward trend through out this week and crossed Rs. 107/- barrier at one stage. There was a slight shortfall in the supply of currency here in the kerb which weighed on rupee and thus significant losses in its price were recorded. Sterling started the new week at Rs. 106/75 and at close was changing hands at Rs. 107/60.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.9 74.0 -.1351 72.2 2.3545

 


COMMENTS: Yen was active in switching its standing in the open market dealings this week and was in full swing due to its significant rise against dollar in the international market. Most of the activity was witnessed in Yen as it showed gains against the dollar supported by a rise in Tokyo stock prices and improving economic fundamentals in Japan.

 

 

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5425 0.5325 1.8779 0.535 1.4018