Money Market, Forex & General Updates - 31-10-2011
Tuesday, November 1, 2011
Money Market Updates
Money market opened at 11.50 with high of 11.85 and a low of 11.40. Market closed at 11.85 percent.
Forex Market Updates
Dollar market inter bank opened at 86.65/67 with a high of 86.65 and a low of 86.48. Market closed at 86.50/52.
General Updates
The much-awaited Consumer Price Index (CPI) inflation number for the month of October is expected to be released this week, which is likely to fall in the range of 10-10.3 percent as against 10.5 percent for September, analysts said. This would be the third consecutive monthly decline which will render four months' FY12 average inflation to 11.2 percent as compared to 13.9 percent in the same period of last year.
The Sensitive Price Indicator (SPI), for the week ended on October 27 for the lowest income group up to Rs.8,000, has registered increase of 0.55 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 171.36 points against 170.42 points registered in the previous week, according provisional figures of Federal Bureau of Statistics (FBS). The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups and combined. SPI for the combined group registered increase of 0.44 percent as it went up from 176.59 points in the previous week to 177.37 points in the week under review.
The exports of various sports goods increased by 5.39 percent during the first quarter of the current fiscal year as against the same period of last year. The overall sports goods' exports during July-September (2011- 12) stood at $79.469 million against the exports of $75.407 million during July - September (2010-11), Federal Bureau of Statistics reported. Among the sports products, the exports of footballs surged by 16.38 percent by increasing from $31.931 million in July-September (2010-11) to $37.161 million during the same period of current fiscal year.
Labels: Economy and Business, Money Market, Pakistan Economy
posted @ 10:31 AM,
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