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 20, 200
5

 

 

COMMENTS:
The rising trend of rupee against dollar proved short lived and the national currency once again came under pressure in the open market dealings this week. A slight increase in demand and rise of dollar on the international desks dragged rupee down in the open market dealings this week. The sluggish trend of rupee started since baginning of new week and dollar was able to further improve its standing and recover grounds which it had lost in the dealings last week.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.025

60.475

-.7441

59.075

1.6081

 


COMMENTS: Euro showed a downward slide against rupee in the kerb this week. In the last one month, it was for the first time that rupee was able to recover ground through out the week. Euro started new week at Rs. 73/70 and at close, was changing hands at Rs. 72/80 thus showing on overall loss of 0.90 paisa. The downward performance of euro against dollar was the major factor which supported rupee here in the local dealings.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

108.4 106.6 1.6885 107.6 .7434

 


 

 

COMMENTS
:
Just like euro, Pound sterling failed to capitalize its momentum which it has shown last week and after initial gains, lost grounds and ended week on a sluggish note. Sterling started new week at Rs. 107/75 but at close of markets, the currency was standing at an exchange paise of Rs. 107/40 thus showing a lose of 0.35 paise overall.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.9 74.0 -.1351 72.2 2.3545

 


 

 

COMMENTS
: Yen continued to change its position on the desks by taking cues from its intomational market performance. the currency was mostly down as it came under selling pressure against dollar on the world desks this week. The trading range fell between 0/539-0/541 which was equal to its last week's score.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5425 0.5325 1.8779 0.535 1.4018