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PSX loses 960 points to close at 40,740 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday witnessed bearish trend as the KSE 100 index closed at 40,740.95 points against 41,701.23 points on the last working day, with negative change of 960.28 points (2.3%). A total 407,194,599 shares were traded during the day as compared to 435,017,984 shares the previous day whereas the price of shares stood at Rs14.284 ... Read More »

Pak Rupee gains 17 paisas against USD in interbank foreign exchange market

KARACHI: The Pak Rupee gained 17 paisas against the dollar on Friday on inflows of remittances and export receipts. The rupee ended Rs165.79 to the dollar from the previous day’s close of Rs165.96 in the interbank foreign exchange market. Currency experts said that the market witnessed positive sentiments due to surplus current account and sufficient liquidity of foreign exchange reserves ... Read More »

Pak Rupee gains 26 paisa against USD in interbank

KARACHI: The exchange rate of US Dollar weakened by 26 paisa in the interbank on Thursday against Pakistani rupee. The greenback closed at 165.96 rupees on fourth business day of the week. It had closed at Rs166.22 in the interbank market on Wednesday. On the other hand, dollar in open market closed at 166.30. Read More »

Pak Rupee ends flat against USD amid demand for import payment

KARACHI: The Pak Rupee ended flat against dollar on Wednesday despite higher demand for import and corporate payments, dealers said. The rupee ended Rs166.22 to the dollar from the previous day’s closing of Rs166.23 in the interbank foreign exchange market. The currency dealers said that positive sentiments prevailed in the market owing to reports of current account surplus during the ... Read More »

PSX declines 345.23 points to close at 41,828.91 points

  ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday witnessed bearish trend as the KSE 100 index closed at 41,828.91 points against 42,174.14 points on the last working day, with negative change of 345.23 points (0.82%). A total 441,286,493 shares were traded during the day compared to the trade of 433,941,549 shares the previous day whereas the price of shares ... Read More »

Pak Rupee depreciates by 47 paisas on higher import payment demand

  KARACHI: The Pak Rupee ended down by 47 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended Rs166.30 to the dollar from last Friday’s closing of Rs165.83 in interbank foreign exchange market. Currency dealers said that the demand for dollar was remained higher as the market was opened after ... Read More »

Pak Rupee gains 38 paisas against dollar

ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 38 paisas against the US dollar in the interbank trading on Friday and closed at Rs 165.83 as compared to the last closing of Rs 166.21. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs 166 and Rs 166.5 ... Read More »

Pak Rupee gains 13 paisas against US dollar

KARACHI: The US dollar fell by Rs 0.13 in interbank during the fourth trading day of this week. The value of US Dollar depreciated from Rs166.34 to Rs166.21. It may be recalled that the Dollar had gone up by Rs 0.8 against the rupee yesterday, rising from Rs 166.26 to Rs 166.34. Similar trend was seen two days ago, with ... Read More »

Pak Rupee weakens against USD in interbank market

KARACHI: The exchange rate of Pakistani rupee weakened against the dollar at Rs166.26 in the inter-bank market on Tuesday compared with Monday’s close of Rs166.17, according to the State Bank of Pakistan (SBP). Earlier, the SBP had let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF for a loan programme on May ... Read More »

Pak Rupee depreciates by 10 paisas against US dollar

KARACHI: The Pak Rupee slipped by 10 paisas against dollar on Tuesday owing to higher demand for import and corporate payments. The rupee ended Rs166.27 to the dollar from previous day’s closing of Rs166.17 in interbank foreign exchange market. Currency experts said that the local unit was remained under pressure due to higher import and corporate payment. However, they said ... Read More »

Stocks close flat in range-bound session

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile start to the week, with the benchmark index shifting sides throughout the session before ending flat. Global equity markets also showed a mixed performance, whereas crude oil prices headed south from the previous close; WTI crude price falling 0.38pc to $37.18 and Brent crude price declining 0.40pc to $39.67. “Selling pressure ... Read More »

Pak Rupee gains 43 paisas against USD on improved forex reserves

KARACHI: The Pak Rupee gained 43 paisas against dollar on Friday owing to rising foreign exchange reserves of the country and positive sentiments prevailed due to launching of Roshan Digital Accounts for non-resident Pakistanis (NRPs). The rupee ended Rs165.97 to the dollar from previous day’s closing of Rs166.40 in interbank foreign exchange market. Currency experts said that the latest numbers ... Read More »

PSX goes up by over 600 points, closes at 42,647.35

ISLAMABAD: Pakistan Stock Exchange made impressive gains as the KSE-100 Index went up by over 600 points while closing at 42,647.35, the latest reports said on Thursday. The index, at one point, reached the level of 42,896.36, representing a gain of over 870 points. According to details, the market, however, witnessed some correction after that and settled for a 625.10 ... Read More »

Pak Rupee eases by nine paisas against US dollar

KARACHI: The Pak Rupee depreciated by nine paisas against dollar on Wednesday owing to higher demand for import and corporate payment. The rupee ended Rs166.52 to the dollar from previous day’s closing of Rs166.43 in interbank foreign exchange market. Currency experts said that the market witnessed dollar demand for import and corporate payment. They said that improved activities in trade ... Read More »

Pak Rupee falls by 56 paisas against USD on rising import demand

KARACHI: The Pak Rupee fell by 56 paisas against the dollar on Tuesday owing to demand for import and corporate payments, dealers said. The rupee ended Rs166.43 to the dollar from the previous day’s closing of Rs165.87 in the interbank foreign exchange market. The currency dealers said that the demand for import and corporate payments depreciated the local unit. They ... Read More »

Bullish sentiment propels KSE-100 up by 272 points

KARACHI: The Pakistan Stock Exchange (PSX) started the week on a positive note, with the benchmark accumulating over 350 points intraday amid positive sentiments. Global equity markets also showed a positive trend, whereas crude oil prices slipped lower from the previous close; WTI crude price falling 1.71pc to $39.09 while Brent crude oil dropping 1.55pc to $42.00. “The stock market ... Read More »

Gold price falls Rs600, sold at Rs115,000 per tola

ISLAMABAD: The price of 24 karat gold decreased by Rs600 on Monday and was traded at Rs115,000 against its price at Rs 115,600. Likewise, the price of 10 gram gold also decreased by Rs 514 and was traded at Rs98,594 against its sale at Rs 99,108, Karachi Sarafa Association reported. The price of per tola silver increased by Rs10 and ... Read More »

Pak Rupee eases by 10 paisas against USD on import payment demand

KARACHI: The Pak Rupee eased by 10 paisas against dollar on Monday owing to higher demand for import and corporate payments, dealers said. The rupee ended at Rs165.87 to the dollar from last Friday’s closing of Rs165.77 in interbank foreign exchange market. The currency experts said that the rupee was under pressure against the foreign currency due to the first ... Read More »

Pak Rupee appreciates by 27 paisas against USD on improved inflows

KARACHI: The Pak Rupee appreciated by 27 paisas against dollar on Friday owing to increase in foreign exchange reserves of the country, dealers said. The rupee ended at Rs165.77 to the dollar from previous day’s closing of Rs166.04 interbank foreign exchange market. Currency experts said inflows of export receipts and workers remittances helped the local unit to recover the value. ... Read More »

PSX gains 353 points to close at 41,188 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday witnessed bullish trend as KSE 100 index closed at 42,188.11 points as compared to 41,834.85 points on the last working day, with positive change of 353.26 points (0.84%). A total 919,471,486 shares were traded compared to the trade 837,022,896 shares during the previous day, whereas the value of shares traded during the ... Read More »