CAPITAL MARKETS

 

1- FOREX KERB WATCH

2- CFS WEEKLY REVIEW

3- FINEX WEEK

4. STOCK WATCH
5. STOCK MARKET AT A GLANCE
6. PAKISTAN WEEKLY REVIEW

7- SAUDI STOCK MARKET INDICATING GROWTH PROSPECTS

 

FOREX KERB WATCH

 


.Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Sep 17, 200
5

COMMENTS: As it was expected, the rupee lost the firm momentum which it was showing against greenback recently and lost grounds on the desks this week. Trading started at Rs. 60/00 on Monday but till weekend, the exchange price increased by 0.05 paisa with dollar changing hands at Rs. 60/05. The rupee maintained a firm tone against greenback in the initial stages of trading but failed to capitalize and fell mainly because of persistent rise in the inter bank dollar rate and a slight increase in the demand here in the kerb too.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.125

60.025

.1665

59.595

.8893

 


COMMENTS: Just llke euro , Pound sterling failed to capitalize its momentum which it had shown in the past few weeks last week and after initial gains, lost grounds and ended week on a sluggish note. Sterling started new week at Rs.110/- but at close of markets, the currency was standing at an exchange price of Rs. 108/30 thus showing a loss of Rs.1/70 Paisa overall.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

108.4 110.1 -1.5440 106.6 1.6885

 


COMMENTS: Euro showed a downward slide against rupee in the kerb this week. Euro started new week at Rs.73/75 and at close, was changing hands at Rs. 72/25 thus showing an overall loss of 0.50 pasia. The downward performance of euro against dollar was the major factor which supported rupee here in the local dealings. The euro has come under pressure in the lead-up to this weekend's general elections in Germany, Europe's largest economy.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

73.4 74.3 -1.2113 72.45 1.3112

 


COMMENTS: Yen continued to change its position on the desks by taking cues from its international 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 0/535-0/538 which was lower than its last week's score the dollar climbed against the yen on Friday as investors unraveled bets on the Japanese currency and staked out positions ahead of an location in Germany on Sunday. The yen is expected to remain supported on speculation that the central bank may change its policy next year.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.5375 0.5405 -1.8505 0.5405 -1.8505