http://www.forex.pk/open_market_rates.asp

As we have expected in Friday's report, Dollar-Yen broke the support 90.75 and reached both suggested targets 90.16 & 89.61 successfully. This drop that started on Thursday and continued into the new week, was the result of stopping near Fibonacci 61.8% resistance at 9.52, and as you know, stopping near Fibonacci resistance levels is an evidence that the trend in down. But on the other hand, the abovementioned drop cashed in 250 pips approximately, which could create a correction from here.
That is why we prefer to wait for a break of short-term support 89.61 or short-term resistance 90.23 before talking about the direction of the next move from here. If we break the support 89.61 the downtrend will continue, and will target 89.07 and the important 88.64. And if we break Thursday's low 90.23, we will be heading to a test of short-term Fibonacci 61.8% at 90.68, and only if it is broken, we will expect a retest of the broken channel at 91.28, which would be an important test if it happens.

Sensex Ends Below 16K Mar, Down By 156.44 Points

ndian equities closed the week on a lower note on Friday after losing 156.44 points owing to continued selling pressure witnessed in heavy weights.
Auto, banking, metal and real estate stocks gained, while oil & gas, teck and power counters trended lower.
For the week ended Oct 17, wholesale price index (WPI) inflation continued to climb at 1.51% on pricier food items as compared to 1.21% during the week ago.

oday's Forex Strategy

JPY crosses reversing higher again after better than expected US growth data. USD backs off as well.

Recent moves likely to climax between now and Monday with end of month trade behind us at week-end.

Read more

SBP predicts 2.5 to 3.5 percent growth rate

Pakistan’s economy is showing a gradual recovery and real gross domestic product (GDP) growth is likely to be close to the target of 3.3 percent during the current fiscal year (2009-10), according to State Bank’s Annual Report on State of the Economy for the year 2008-09 released Thursday. Read more...

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Intervention Fears Set Brazilian Real Down

The Brazilian real, ranking among the best performers in currency markets this year with the Australian and New Zealand dollar, experienced another day of losses as the government may take further action to halt the current national currency rally. The Brazilian real suffered another day of pessimism as speculations suggest that the national central bank could be ready to take further measures, after setting a tax for international capital inflows towards Brazilian equities markets last week, declining attractiveness for the real as fears that a good currency performance may be once synthetically halted by policy makers. USD/BRL traded at 1.7205 as of 21:25 GMT from an opening rate of 1.7178 today.

Pound Pares Losses After Exaggerated Rally

The pound reverted its losing trend from last week�s end, specially versus the euro, as traders interpreted the winning streak as inadequate, as U.K. could be starting its first signs of economic recovery. The pound has been facing extreme volatility as investors remain confused regarding the directions it may take in currency markets, considering the actual conjecture of the British financial scenario. Today, the pound rose specially versus the euro, as even if the U.K. posted negative growth numbers last week, analysts suggest that next quarter will bring back optimism towards the United Kingdom�s economy. EUR/GBP traded at 0.9109 as of 21:45 GMT from a previous rate of 0.9235 yesterday.

Karachi Stock Exchange

K.S.E. Indices

KSE 30 INDEX

KSE 100 INDEX

ALL SHARE INDEX

Current

9770.23

9247.78

6577.75

High

10126.37

9569.07

6798.31

Low

9747.16

9232.18

6568.97

Change

-356.14

-321.29

-220.56

Volume

134,624,775

177,517,995

204,289,220

Value

8,287,126,946.31

8,890,268,828.76

9,267,451,454.82

KSE 100 INDEX

Exchange Statistics

Trades

118,312

Advance

77

Decline

305

Unchanged

18

Total

400

Exchange Volume

206,284,720

Exchange Value

9,456,410,894.82

Market Statistics

Regular (Suspend)

Trades : 117,190

Volume : 204,289,220

Value : 9,267,451,454.82

CFS (Loaded)

Trades : 0

Volume : 0

Value : 0.00

Square Up (OpenClose)

Trades : 4

Volume : 11,461

Value : 336,251.48

Odd Lot ( )

Trades :

Volume :

Value :

CSF (Suspend)

Trades : 0

Volume : 0

Value : 0.00

Future (Suspend)

Trades : 1,122

Volume : 1,995,500

Value : 188,959,440.00

IPO (Suspend)

Trades : 0

Volume : 0

Value : 0.00

K.S.E. Top Symbols

Symbol Bid Vol. Bid Price Offer Price Offer Vol. Last Rate Change Total Vol.

Pak.PTA Ltd. 13,000 6.00 6.02 2,018 6.02

0.15

24,736,388

Arif Habib Sec. 124,288 51.90 51.99 46,089 51.44

1.07

22,965,698

Jah.Sidd. Co. 0 0.00 37.11 448,646 37.14

-1.92

17,226,568

Fauji Fert Bin Qasim 26,955 26.75 26.78 14,350 26.83

-0.08

14,466,167

Bank Al-Falah 10,500 14.15 14.16 25,000 14.09

-0.56

13,096,641

D.G.K.Cement 0 0.00 30.07 285,036 30.07

-1.58

7,829,034

P.T.C.L.A 9,060 19.41 19.50 10,000 19.50

-0.93

7,011,905

National Bank of Pak 12,120 82.30 82.44 1,000 81.95

-3.39

5,514,212

Lucky Cement XD 0 0.00 67.42 294,513 67.42

-3.54

5,449,756

Oil and Gas Deve.XD 790 104.61 104.65 1,175 104.78

-3.39

5,050,993

Netsol Technol. 1,400 33.69 33.70 4,260 33.42

0.98

5,007,874

Azgard Nine Ltd. 0 0.00 25.08 65,298 25.08

-1.32

4,173,334

Pak Petroleum Ltd. 6,462 177.06 177.25 4,950 177.32

-7.53

4,124,059

NIB Bank 176 5.45 5.47 19,800 5.43

-0.30

4,047,118

United Bank Ltd. 5,500 61.75 61.94 1,000 62.17

-1.37

3,937,411

Hub Power Co. 1,696 30.80 31.00 2,750 31.01

-1.21

2,985,981

Engro Chem.Pak 290 164.25 164.49 1,723 164.26

-8.40

2,876,272

Pak OilfieldsXD 7,426 203.50 203.75 1,000 203.18

-9.39

2,751,513

Adamjee Insur XD 100 108.94 108.98 15 108.95

-2.81

2,556,337

Nishat Mills SPOT 0 0.00 0.00 0 61.11

-3.04

2,222,333

Engro Polymer 1 20.51 20.56 1,600 20.52

-1.06

2,069,534

TRG Pakistan Ltd. 80,861 2.10 2.12 990 2.13

-0.04

2,043,382

MCB Bank Limited 2,290 208.52 208.70 2,700 208.91

-10.23

2,037,230

Pak Reinsurance 7,113 30.05 30.15 7,636 30.02

-1.55

1,956,892

Faysal Bank Ltd. 23,880 17.30 17.34 200 17.24

-0.51

1,764,322

Askari Bank Ltd. 10,000 24.82 24.88 3,673 24.84

-0.90

1,654,936

Habib Bank Ltd 4,000 128.40 128.50 5,975 128.81

-1.62

1,538,653

Pace (Pak) Ltd. 560 6.61 6.66 500 6.62

-0.30

1,535,235

B.O.Punjab 10 14.23 14.25 19,962 14.30

-0.67

1,526,842

Fauji Fertilizer Co. 1,000 102.91 102.98 1,500 102.94

-1.18

1,518,834