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 Sep 03, 200
5

COMMENTS: The national currency continued to rise versus the dollar in the kerb this week too and rupee was able to change hands from Rs. 60/10 to Rs. 59/95 at close of markets on Saturday. The dollar started trading at Rs. 60/10 which was its highest price versus the rupee this week. However, the national currency continued to push the dollar back through out and did not give any respite to make recovery. The local currency kept its pressure on dollar and continued to accumulate gains through out and pushed the dollar back at Rs. 59/95. Thus, the rupee recorded a gain of 0/15 paisa.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

59.975

59.195

1.3176

59.225

1.2663

 


COMMENTS: Euro observed both upward and downward trends in the kerb this week too. The single currency kicked off new week's trading at Rs. 73/50 and continued to show both positive and negative trends but managed to gain solid grounds at close of markets. Overall, the single currency recorded a gain of 0/65 pasia versus the rupee in the open market.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

109.45 107.6 1.7182 106.4 2.8665

 


COMMENTS: Pound Sterling also exhibited both the rising and declining trends versus the local currency this week too. The cable opened new week's trading at Rs. 107/75 and showed both upward and downward trends in the middle. The cable's lowest price was Rs. 106/70 on Wednesday where as its highest price was Rs. 109/25 on Saturday. The cable accumulated a gain of Rs. 1/50 against the national currency at close of market.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

74.4 72.9 2.0576 72.5 2.6202

 


COMMENTS: Yen witnessed a little slump in its price versus rupee in the open market this week. The started new week's trading at 0/540 and changed hands at 0/539 at the close of market. The downward trend of Japanese Yen on the international desks weighed on the currency here in kerb as well therefore the national currency ended week on positive note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5395 0.5405 -.1850 0.535 .8411