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Gold prices rise to all-time high of Rs109,100 per tola

KARACHI: Gold rates in Pakistan on Thursday reached a new all-time high, going up to Rs109,100 a tola, as the world economy continues on its path towards a recession due to the coronavirus pandemic. According to rates issued by the All Sindh Sarafa and Jewellers Association (ASSJA), prices moved up Rs800 per tola on Thursday. The price of 10 grammes ... Read More »

Pak rupee strengthens against US dollar in interbank

KARACHI: The exchange rate of Pakistani rupee strengthened by Rs0.10 against the US dollar at the start of intra-day trading. According to forex dealers, the greenback is currently trading at 166.85 against the domestic currency at the interbank foreign exchange market. The dollar had finished at Rs166.85 against the local unit the other day. The price of gold remained stable ... Read More »

Pak Rupee weakens by 23 paisas against USD on demand for import payments

KARACHI: The Pak Rupee weakened by 23 paisas on Tuesday owing to demand for import and corporate payments. The rupee ended at Rs166.95 to the dollar from previous day’s closing Rs166.72 in interbank foreign exchange market. Currency experts said that due to enhanced economic activities after ease in lockdown the importers were seen active to purchase currency for foreign buying. ... Read More »

US dollar surges against PKR in interbank market

KARACHI: The United States (US) dollar gained 0.19 paisa against the Pakistani rupee at the start of day’s trading on Monday. According to forex dealers, the greenback is trading at 166.40 against the domestic currency at the interbank foreign exchange market. Last week on Thursday, the exchange rate of Pakistani rupee strengthened by Rs1.45 against the US dollar in the ... Read More »

Weekly Review: lower COVID-19 cases to boost investors confidence

KARACHI: The equity market likely to stay positive in the coming week owing to fall in corona cases during past couple of days. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week. With COVID-19 cases reducing on daily basis along with higher recovery rate we expect investor confidence to improve. Given further inflow ... Read More »

Pak Rupee gains 67 paisa against US dollar

ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 67 paisas against US dollar in the interbank on Friday to close at Rs166.21 compared to the last closing of Rs166.88. However, according to Forex Association of Pakistan, the buying and selling rates of Dollar in open market were recorded at Rs 166.5 and Rs 167.5 respectively. The State Bank of ... Read More »

PSX gains 73 points to close at 35,051 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) Friday continued with bullish trend as KSE-100 index closed at 35,051.38 points as compared to 34,978.18 points on the last working day, with positive change of 73.20 points (0.21%). A total 175,761,298 shares were traded compared to the trade 383,084,088 shares during the previous day, whereas the value of shares traded during the day ... Read More »

Pak rupee strengthens by Rs1.16 against dollar on inflows

KARACHI: The Pak Rupee made significant gain of Rs1.16 against dollar on Thursday owing to ease in demand for import and corporate payments and substantial inflows during past week. The rupee ended Rs166.89 to the dollar from June 30, 2020 closing of Rs168.05 in interbank foreign exchange market. The currency market was remained closed for public dealing on July 01, ... Read More »

PSX gains 467.49 points to close at 34,889.41 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Wednesday witnessed bullish trend as KSE 100 index closed at 34,889.41 points as compared to 34,421.92 points on the last working day, with positive change of 467.49 points (1.36%). A total 315,039,420 shares were traded compared to the trade 223,313,058 shares during the previous day, whereas the value of shares traded during the ... Read More »

PSX records Rs1.8tr turnover in FY2019-20

KARACHI: The Pakistan Stock Exchange (PSX) recorded almost Rs1.8 trillion in turnover during the fiscal year 2019-2020 (FY19-20), according to a performance report released Tuesday. Its benchmark KSE-100 Index gained 520 points to close the year at 34,421 points and remained in the band of 16,421 points. The index shot up to 43,468 points at its highest point and dipped ... Read More »

PSX records fresh gains, 100-index increases by 240.12 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend as KSE 100 index closed at 34,421.92 points as compared to 34,181.80 points on the last working day, with positive change of 240.12 points (0.70%). A total 223,313,058 shares were traded compared to the trade 156,920,750 shares during the previous day, whereas the value of shares traded during the ... Read More »

Pak rupee gains 14 paisas against USD on last day of FY

KARACHI: The Pak Rupee gained 14 paisas against dollar on the last date of fiscal year 2019/2020 owing to transfer of loan amount from Chinese bank. The rupee ended Rs168.05 to the dollar from previous day’s closing of Rs168.19 in interbank foreign exchange market. The State Bank of Pakistan (SBP) has received $1.3 billion as government of Pakistan loan disbursements ... Read More »

Pak rupee depreciates by 52 paisas against US dollar

KARACHI: The Pak Rupee ended down by 52 paisas against dollar on Monday owing to higher import and corporate payment demand, dealers said. The rupee ended at Rs168.19 to the dollar from last Friday’s closing of Rs167.67 in interbank foreign exchange market. The currency dealers said that the rupee was remained under pressure due to demand from importers and corporate ... Read More »

Successful anti-terror operation boosts investors’ confidence, KSE-100 gains 242 points

KARACHI: The successful operation of law enforcement agencies (LEAs) against terror attack on Pakistan Stock Exchange (PSX) on Monday which boosted the investors’ confidence and the market ended with a gain of 242 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,182 points as against 33,939 points showing an increase of 242 points. Analysts at Arif ... Read More »

Gold price jumps Rs 16,00 to Rs 104,400 per tola

ISLAMABAD: The price of 24 karat gold increased by Rs1,600 on Monday and was traded at Rs104,400, against Rs 102,800 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold also witnessed increase of Rs1,372 and was trade at Rs89,506 against its sale at Rs88,1134. The price of per tola silver remained stable and was ... Read More »

Analysts shed light on govt’s petrol price hike decision

KARACHI: The government raised the petroleum product prices mostly in line with international trends and rupee devaluation but the government should not have pocketed the whole petroleum to ease to consumers. Industry analysts understood well that an increase in petroleum product prices was inevitable, but they believe the government should have lowered the petroleum levy. Collection of levy is Rs30 ... Read More »

Pak Rupee weakens by 31 paisas against USD

KARACHI: The Pak Rupee weakened by 31 paisas against dollar on Friday owing to higher demand for import and corporate payment as fiscal year ending next week. The rupee ended Rs167.67 to the dollar from previous day’s closing of Rs167.36 in interbank foreign exchange market. Currency dealers said that the local unit was under pressure due to demand related to ... Read More »

Stocks fall 325 points as selling pressure persists

KARACHI: In line with the downtrend witnessed in global stock markets, the Pakistan Stock Exchange (PSX) remained in the negative territory throughout the session on Thursday, with the benchmark KSE-100 Index shedding over 350 points intraday. “Exploration & production, oil & gas marketing and refinery sectors sustained price losses owing to the decline in international crude prices, which fell by ... Read More »

PSX loses 17 points to close at 34,034 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Wednesday witnessed a bearish trend as KSE 100 index closed at 34,034.65 points as compared to 34,052.61 points on the last working day, with negative change of 17.96 points (0.05%). A total 195,734,274 shares were traded compared to the trade 160,630,870 shares during the previous day, whereas the value of shares traded during ... Read More »

PSX appoints Nadir Rahman as chief operating officer

KARACHI: Nadir Rahman has joined the Pakistan Stock Exchange (PSX) as its Chief Operating Officer (COO), according to a statement issued by the exchange on Wednesday. As per the statement, Nadir has a 29-year-long hands-on experience of working in both domestic as well as international capital markets. His core areas of expertise include business development, operations, investment management and corporate ... Read More »