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Gold prices go up, trades at Rs89,950 per tola

ISLAMABAD: The per tola price of 24 karat gold appreciated by Rs150 on Tuesday and was traded at Rs89,950 as compared to Rs89,800 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increase of Rs128 and was traded at Rs77,118 against last closing of Rs76,990. The price of silver remained stable and was ... Read More »

PSX down as negative sentiments prevail among investors concerning FATF meeting

KARACHI: The Pakistan Stock Exchange has been retreating amid uncertain speculations by investors as the country’s delegation meets Financial Action Task Force (FATF) Working Group in Beijing for face-to-face talks and rising political noise between the political parties. The benchmark KSE 100-share Index further dropped 390 points or 0.91pc and hit 42,357.13 points on Tuesday as of 12.04pm. Yesterday, the ... Read More »

Gold prices continue to soar in markets across Pakistan

KARACHI: Gold prices in the local market on Monday edged up by Rs250 to Rs89,700 per tola. Likewise, the rate of 10 grams of precious yellow metal also increased by Rs215 and is being traded at Rs76,903. Meanwhile, Gold prices in the international market were also increased by $4 to $1561 per ounce. Silver prices in the country per tola ... Read More »

Bears dominate as KSE-100 drops 420 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed a negative start to the trading week, as the indices remained in the red zone for almost the entire session on Monday, dragging the benchmark KSE-100 Index below the 43,000-mark. On the economic front, a Pakistani delegation is currently on a three-day visit to Beijing where it would hold talks with Financial Action Task ... Read More »

Pak Rupee depreciates by 2 paisa against dollar in early trade

KARACHI: The Pakistani rupee depreciated by two paisa against the US dollar in the interbank market at the start of Monday’s trade. According to forex dealers, the dollar is trading at 154.58 against the local currency as compared to last week’s closing of 154.56. Last week, the rupee rose 27 paisa to finish at 154.56 from 154.83 against the dollar ... Read More »

Stocks edge down amid negative sentiments among investors

KARACHI: The Pakistan Stock Exchange (PSX) on Monday has been witnessing bearish trend as the KSE 100-share Index lost 114.77 points or 0.27 percent amid absence of positive triggers, and prevailing negative sentiments among investors due to rising political noise between the political parties. The Index hit 43,053 points as of 10.54am. The Index today opened at 43,245.13 points. In ... Read More »

Pak Rupee at seven-month high against US dollar

KARACHI: The Pakistani rupee appreciated by 40 paisa against the US dollar in the open market in the outgoing week. According to a weekly report, the rupee settled at 154.80 against the greenback in the open market against last week’s closing of 155.20. Likewise, the rupee rose 27 paisa to finish at 154.56 from 154.83 against the dollar in the ... Read More »

A weekly review: Stocks observe fluctuation amid political uncertainty

KARACHI: The Pakistan Stock Exchange (PSX) in the outgoing week closed observed fluctuations and closed in a little bit of negative territory amid political uncertainty that marred the overall trading environment while kept investors’ sentiment subdued. However, the signing of a phase one trade deal between the U.S. and China to ease the ongoing trade war restored a bit of ... Read More »

KSE-100 gains 102 points amid volatile trading

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another volatile trading session on Friday, as the indices swayed both ways before settling in the green. The benchmark KSE-100 Index settled the week only 39.28 points (-0.09pc) lower than last Friday. On the economic front, Pakistan’s total liquid foreign exchange reserves appreciated $39 million to $18,124 million (as on January ... Read More »

Gold rates down Rs100 per tola

KARACHI: Gold prices in the domestic market decreased by Rs100 to Rs89,300 per tola on Friday, according to media. Likewise, the rate of 10 grams of precious yellow metal also recorded a drop of Rs86 and was traded at Rs76,560. Meanwhile, gold prices in the global market edged higher today but were on track to post its biggest weekly drop ... Read More »

PSX KSE-100 gains 72 points in volatile session

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another jittery session on Thursday, as the indices shifted positions before helping the KSE-100 Index end slightly positive. Foreign investors ended as net buyers on Wednesday with a net inflow of $2.21 million. The benchmark KSE-100 Index slipped to its intraday low at 42,805.73 after losing 187.30 points. It then managed ... Read More »

KSE-100 gains pace slowly

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday after a brief open in the negative recovered slowly, and the benchmark KSE-100 Share Index reached 43,126.85 points after gaining 133.82 or 0.31% at 11.39am. Selling pressure gained pace just before midday and profit-booking is likely to persist throughout the day. Earlier, the Index declined by 49.80 points or 0.12%, and hit ... Read More »

Gold price gains Rs200 per tola

ISLAMABAD: The per tola price of 24 karat gold appreciated by Rs200 on Wednesday and was traded at Rs89,400, as compared to Rs89,200 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increase of Rs171 and was traded at Rs76,646 against last closing of Rs76,817. The price of silver remained stable at Rs1070 ... Read More »

Stocks lose 214 points amid lack of triggers

KARACHI: Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Wednesday, as the indices depreciated continuously while volumes contracted further, pushing the KSE-100 below the 43,000-mark. Foreign investors, on the other hand, continued with their buying trend in the previous session. A net inflow of $1.2 million was recorded on Tuesday with major buying witnessed in banking ($0.75 million) ... Read More »

Pak Rupee gains 20 paisa against dollar in open market

KARACHI: The Pakistani rupee gained strength by 20 paisa against the U.S. dollar in the open market, and hit Rs154.90 in the early trading hours on Wednesday. On the other hand, the local currency remained stable in the interbank market against the greenback with trading at Rs154.83, according to updates available with the media. The imminent signing of the Phase ... Read More »

Stocks stay flat amid lacklustre trading

KARACHI: Stocks traded within a narrow range for the second consecutive session on Tuesday, as the indices oscillated in both ways in search of a clear direction before closing flat. Foreign investors closed the previous session as net buyers with a net inflow of $1.29 million. The benchmark KSE-100 Index, which opened at 43,272.46, touched its intraday high at 43,468.22 ... Read More »

Stocks edge up amid positive triggers

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday has been observing bullish trend amid presence of positive triggers with a new 17-month high of 43,468.22 points before falling back to 43,255.96 points at 12.17pm. On Monday, the benchmark KSE-100 Share Index closed at 43,218.67. The previous week witnessed massive overall spike in the stocks as local and foreign investors rampaged ... Read More »

Gold slips to Rs 89,800 per tola in local market

KARACHI: Gold rates in the domestic market saw a drop of Rs500 to trade at Rs89,800 per tola on Monday. Likewise, the price of 10 grams of precious yellow metal fell by Rs427 to Rs76,989. Gold rates had climbed to an all-time high with an increase of Rs2850 per tola on Jan 2. The per tola rate of the precious ... Read More »

KSE-100 lands flat after range-bound session

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured a volatile session on Monday, with the benchmark KSE-100 closing flat amid range-bound activity. Foreign investors closed the outgoing week as net buyers with a net inflow of $7.02 million (Jan 6-10). On the economic front, Fitch Ratings Agency has affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with ... Read More »

Pakistan Stock Exchange observes bullish trend

KARACHI: The Pakistan Stock Exchange (PSX) has been observing bullish trend amid presence of positive triggers on Monday with a new 17-month high of 43,453.34 points before falling back to 43,254.01 points around 12.34am. The benchmark KSE-100 Share Index opened at 43,289.94 today. The previous week witnessed massive overall spike in the stocks as local and foreign investors rampaged across ... Read More »