Saturday, January 28, 2012


Pakistan Open Market Forex Rates
Updated at : 28/1/2012 6:58 AM (PST)

Currency
Buying
Selling
 Australian Dollar
95.1
96.3
 Canadian Dollar
89.2
90.2
 China Yuan
13
13.5
 Euro
117.3
119
 Japanese Yen
1.162
1.175
 Saudi Riyal
23.9
24.35
 U.A.E Dirham
24.4
24.95
 UK Pound Sterling
140.6
142
 US Dollar
90.15
90.5

Pak Rupee Short Review against USD, AED, AUD and Euro

Pakistani Rupee was in a continues declining trend against US Dollar, UAE Dirham, Australian Dollar, Euro and British Pond since the year 2012 started.
Most of the analysts were pointing out the raise due to oil transactions, when ever pak rupee loose its strength against US Dollar the other currencies also get impact lets have a view of the currency rates in Pakistan from the beginning of Jan, 2012.

 

Gold Market Analysis 2011-2012 in Pakistan.

2012 will be the most difficult year for the most of the forecasters due to the events faced in 2011, recession seems continued plus the political conditions are not making any one to decide to forecast for 2012.

When we talking about Gold the opening behavior is similar as 2011 corrective majors are taking place and upward slides are coming up on short term bases, let us review the Gold rate in Pakistan, in Jan, 2011 24k 10gms was stuck at Rs.45857, 24K per tola Rs.53500 and 22K 10gms was on Rs.42035.

 

Dubai Gold Market (Gold Souk)

Dubai Gold Souk is Located in Deira Near Baniyas Square at Sikkat al-Khali Street which is at walking distance of Deira Bus Stand, Due to parking problems in Dubai markets you may also come down to creek and pick UBRA a water boat from Bur Dubai which may not take more than 10 minutes to take you to the Dubai Gold Souk.

Dubai is a city of Gold it will become true when you will visit the dubai gold souk, the worth of visiting the gold market (gold souk) even if you have no intention of buying gold jewellery, all the shops are full of shining gold containing 18 to 24 carat gold, dubai gold rates are not the major concern when it comes to the shops and Dubai gold festivals with intentions of buying gold because mostly gold traders offer promotions with special offers.

 

Market Summary

Jan 27, 2012 19:04
Market Symbols KSE100 Index AllShare Index KSE 30 Index KMI 30 Index
Status Suspend
Advanced 88
Current 11960.21
Current 8285.82
Current 11216.56
Current 21826.20
Volume 75,602,974
Decline 121
High 11981.00
High 8300.62
High 11227.16
High 21843.98
Value 4,271,828,427.89
Unchanged 98
Low 11879.47
Low 8234.72
Low 11099.16
Low 21587.99
Trades 47,101
Total 307
Change 76.29
Change 47.98
Change 107.59
Change 215.99

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Economic Indicators

Annual 2009/10
Foreign Exchange Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
Monthly November
Trade Balance $-1.34 bln
Exports $1.77 bln
Imports $3.12 bln
Weekly January 10, 2010
Foreign Exchange Reserves $17.197 bln

 

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