AGL 40.95 Increased By ▲ 0.75 (1.87%)
AIRLINK 129.50 Increased By ▲ 0.39 (0.3%)
BOP 6.42 Decreased By ▼ -0.18 (-2.73%)
CNERGY 4.01 Decreased By ▼ -0.02 (-0.5%)
DCL 8.37 Decreased By ▼ -0.08 (-0.95%)
DFML 42.30 Increased By ▲ 1.05 (2.55%)
DGKC 86.70 Decreased By ▼ -0.30 (-0.34%)
FCCL 33.62 Increased By ▲ 0.27 (0.81%)
FFBL 65.65 Decreased By ▼ -0.25 (-0.38%)
FFL 10.66 Increased By ▲ 0.12 (1.14%)
HUBC 112.55 Increased By ▲ 1.85 (1.67%)
HUMNL 15.80 Increased By ▲ 0.57 (3.74%)
KEL 4.83 Increased By ▲ 0.05 (1.05%)
KOSM 7.89 Increased By ▲ 0.06 (0.77%)
MLCF 41.90 No Change ▼ 0.00 (0%)
NBP 60.50 No Change ▼ 0.00 (0%)
OGDC 184.11 Increased By ▲ 1.31 (0.72%)
PAEL 25.55 Increased By ▲ 0.19 (0.75%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 146.20 Decreased By ▼ -1.61 (-1.09%)
PRL 24.51 Decreased By ▼ -0.05 (-0.2%)
PTC 16.37 Increased By ▲ 0.13 (0.8%)
SEARL 70.52 Increased By ▲ 0.02 (0.03%)
TELE 7.39 Increased By ▲ 0.09 (1.23%)
TOMCL 36.30 No Change ▼ 0.00 (0%)
TPLP 8.12 Increased By ▲ 0.27 (3.44%)
TREET 15.25 Decreased By ▼ -0.05 (-0.33%)
TRG 51.81 Increased By ▲ 0.11 (0.21%)
UNITY 27.46 Increased By ▲ 0.11 (0.4%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,869 Increased By 26.8 (0.27%)
BR30 30,164 Increased By 127.3 (0.42%)
KSE100 92,824 Increased By 303.5 (0.33%)
KSE30 28,847 Increased By 60.4 (0.21%)

The South Korean won rose 0.7 percent to a 10-day high against the dollar on Monday, despite losses by its regional peers, as diminishing worries about a global credit crunch boosted investor appetite for risk.
It also found some support after President Lee Myung-bak's remark over the weekend that containing inflation was a more urgent task than lifting economic growth dampened expectations that local interest rates would be lowered soon. The won ended local trade at 997.1/7.4 per dollar after rising to as high as 995.9, its strongest since March 14, compared with the previous closing bid of 1,002.9.
"The mood is for the won to stay firm for the time being, but the actual dollar sales are weak and sporadic (dollar) purchases by oil refiners to settle import bills are also limiting the won's gains," said a foreign bank dealer.
The Seoul currency's strength contrasted with modest drops by its regional peers against the US unit, such as the Singapore dollar, and follows its slump to a 27-month high a week ago.

Copyright Reuters, 2008

Comments

Comments are closed.