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CURRENCY BUYING

SELLING

US Dollar 59.9 60
Bahrain Dinar 158 158.1
Canadian $ 50.85 50.95
Euro 70.75 70.85
Hong Kong $ 7.65 7.7
Japanese Yen 0.508 0.51
Kuwaiti Dinar 204 204.1
UK Pound 103.7 103.8
Last updated: Friday 23 Dec, 2005-12.30 P.M (PST)

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3 DAYS FORECAST
In oC

CITIES MIN MAX

HUM%

FOR.

KARACHI
Today 12 26 38 Sunny
Tomorrow 11 27 38 Sunny
Day after 11 28 38 Sunny
LAHORE
Today 1 20 87 Sunny
Tomorrow 2 20 87 Sunny
Day after 2 21 87 Sunny
ISLAMABAD
Today 0 18 59 Sunny
Tomorrow 0 18 59 Sunny
Day after 0 21 59 Sunny
HUM%: Humidity In %
FOR.: Weather Forecast
updated: Fri - Sun 23-25 Dec, 2005

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KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

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  CAPITAL MARKETS
 
 

 

 

 

 
  FOREX KERB WATCH

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Nov 26, 2005

COMMENTS: In the open market this week, a mix trend was observed and rupee lost initially but later recovered the same towards the week end. The rupee started fresh week on its overnight positive note but lost the tempo soon since demand was high from the buyers which forced rupee to trade on the back foot. On the other hand, strong dollar in the inter bank as well as the international market also affected its exchange price in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.125

60.025

.1665

60.025

.1665

 


COMMENTS: Sterling continued its upward acceleration against rupee and more gains in its price were recorded initially this week amid currency's losses against the dollar were limited. The currency standings were mainly affected by a firm rise of sterling against the US dollar in the international market and thus, its direct effects were recorded here in the kerb as well, However the situation took a reverse gear and it was rupee's turn to show positive resistance. Sterling which at one stage was changing hands at Rs. 110/90 at weekend was standing at Rs. 110/70.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

102.8 102.9 -.0971 112.8 -8.8652

 


COMMENTS: The weak performance of euro in the international market affected its standing here in the kerb as well and the national currency as a result enjoyed gains against the same through out this week. There was no significant buying and selling of euro and exchange prices continued to fluctuate through out under the international market trend. Euro was mostly weak in the international market which was directly reflected here in the kerb dealings as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

70.3 70.325 -.0355 79.1 -11.1251

 


COMMENTS: A mix trend was observed in the price of yen against the rupee this week and the currency continued to behave under its international market trend. However the changes were very limited and little movement was recorded in the price of Yen. Trading started at the price level of 0.500 and at close went up to 0.502. Overall, the yen was weak across the board as Japanese investors' demand for foreign securities continued to take a toll on the currency and mixed inflation data cemented expectations that interest rates in Japan won't rise soon.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.4985 0.5025 -.7960 0.58 -14.0517

 


 
 

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