Tuesday , April 7 2020
Breaking News
Home / Markets

Markets

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Meltdown on PSX; index plunges over 1,000 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile start to the week, as the benchmark KSE-100 Index failed to sustain gains accumulated in early trade and crumbled over 1,000 points to fall below the 31,000-mark. According to analysts, continuation of countrywide lockdowns amid concerns over the increasing number of coronavirus cases in the country triggered selling pressure at the ... Read More »

US dollar appreciates by Rs0.24 against PKR in interbank market

KARACHI: The United States Dollar (USD) on Monday gained Rs0.24 against the Pakistan rupee in the interbank market. The greenback is currently being traded at Rs167, Forex dealers told. The US Dollar last week touched the highest mark against the Pakistani rupee in the interbank market and closed at Rs168. It is pertinent to mention here that during the past ... Read More »

Gold rises more than 1% as coronavirus hits global economies

KARACHI: Gold jumped more than 1 percent to a more than one-week high on Monday as worries over a global economic slowdown caused by the coronavirus pandemic drove investors to the safe-haven metal. Spot gold was up 1.1 percent at $1,634.95 per ounce by 0930 GMT, its highest since March 26. U.S. gold futures were up 1.2% at $1,665.40. “The ... Read More »

Pakistan Stock Exchange gains 839 points amid bullish trend

KARACHI: The share market continued bullish trend on Friday and gained 839 points, which is mainly attributed to reports on package for construction industry to be announced. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,621 points as against 30,783 points showing an increase of 839 points. Analysts at Arif Habib Limited said that the market opened ... Read More »

Pak Rupee gains 17 paisas against US dollar due to decline in import bill

KARACHI: The Pak Rupee gained 17 paisas against dollar on Friday on reports of significant decline in import bill for the month of March 2020, dealers said. The rupee ended Rs166.76 to the dollar from previous day’s closing of Rs166.93 in interbank foreign exchange market. The dealers said that importers were seen cautious to place orders for dollars after considering ... Read More »

Asian stocks are mixed, US stock futures volatile following record jobless claims number

New York: Asian markets were mixed on Friday, as the economic fallout from the coronavirus pandemic continues to weigh on investors. Japan’s Nikkei 225 (N225) was up 0.7%, while Hong Kong’s Hang Seng Index (HSI) fell 0.6% and China’s Shanghai Composite (SHCOMP) dipped 0.2%. “As uncertainties arise from the global economic fallout of COVID-19, global growth may worsen before improving ... Read More »

US dollar gains 61 paisa against Pak rupee in interbank market

KARACHI: The US dollar gained 61 paisa against the Pakistani rupee to trade around Rs 166.75 in the interbank market, according to media reports on Tuesday. During early trading on the second business day of the week, the greenback, for a short span, traded below Rs166 but regained its value afterwards. Let it be known that the US dollar climbed ... Read More »

US dollar gains 56 paisa against Pak rupee in interbank market

KARACHI: The US dollar gained 56 paisa against the Pakistani rupee to close at Rs166.70 in the interbank market, according to media reports. During early trading on the second business day of the week, the greenback, for a short span, traded below Rs 166 but regained its value afterwards. Let it be known that the US dollar climbed 60 paisa ... Read More »

Pakistan Stock Exchange gains 274 points in range bound activity

KARACHI: The equity market gained 274 points on Wednesday in range bound trading activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,506 points as against 29,232 points showing an increase of 274 points. Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -330 points and +460 points during the session ... Read More »

Asia markets mostly up after Wall St rally but nerves remain

HONG KONG: Most Asian equities enjoyed gains Tuesday following another rally on Wall Street, while oil bounced, with traders welcoming a surprise jump in Chinese factory activity, though analysts cautioned that the road ahead remained rocky for the global economy. The World Bank also warned that fallout from the coronavirus pandemic could bring China’s growth to a standstill, with even ... Read More »

PSX posts massive losses throughout the week

KARACHI: Pakistan Stock Exchange during the outgoing week lost a total of 2558 points or 8.34 percent of total volume. During the week, index closed at 28110 points. The index also touched the six years low mark of 27229 points during the week. Foreign selling amounted to 13.7 million dollars vs 19.6 million dollars in the preceding week resulting in ... Read More »

Weekly Review: PSX may remain under pressure due to coronavirus

KARACHI: The share market may remain under pressure due to coronavirus spread and reports of lockdown in major cities of the country. Analysts at Arif Habib Limited expect the equity bourse to remain under pressure on account of fast spreading Coronavirus and news regarding lockdown of major cities (Karachi and Lahore) which will keep the investors sentiment dull. On the ... Read More »

Dollar in interbank closes at Rs165.54

KARACHI: The US dollar on Friday has closed at Rs165.54 after falling by 59 paisas against the Pakistani rupee in the interbank market. According to details, the dollar had traded at Rs 169 in the start of the day. However, its value decreased because of inflows from exporters. Market during the session also witnessed recovery of Rs 3.96. Furthermore, the ... Read More »

Pak Rupee makes sharp recovery against US dollar

KARACHI: After suffering massive loss in early trade on Friday morning, rupee made a sharp recovery against the US dollar in interbank market. It was quoted trading at 165/166 and was finally closed at Rs 166.5 after State Bank of Pakistan (SBP) intervention. The analysts believe that the SBP intervened and injected dollars in the market. Further devaluation of local ... Read More »

US dollar up by Rs1.87 to trade at Rs168 in interbank market

KARACHI: The US dollar has hit all-time high against the Pakistani rupee in the interbank market on Friday. According to details, the value of dollar has surged by Rs1.87 today to trade at Rs 168 in the interbank market. Furthermore, the price of the US dollar increased by Rs 8.20 in four days, putting additional burden of debts on the ... Read More »

Bullish return to PSX as KSE-100 index gains 842 points

KARACHI: Pakistan Stock Exchange (PSX) on Friday witnessed bullish trend as KSE-100 index gained 842 points. The KSE-100 index closed at 28110 points. The total volume traded in the market was 169,438,326 shares. Total companies traded were 304 of which 228 were positive, 56 were negative and 20 were unchanged. Meanwhile, Asian equities mostly rose and the dollar extended losses ... Read More »

PSX up by 38.40 points to close at 27,267.2 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Thursday witnessed bullish trend as KSE 100 index closed at 27,267.2 points as compared to 27,228.8 points on the last working day with the positive change of 38.40 points (0.14%). A total of 186,745,170 shares were traded compared to the trade 145,106,869 shares during the previous day, whereas the value of shares traded ... Read More »

Dollar gains Rs5.85 in interbank market, trading around Rs167.45

KARACHI: The greenback gained to record levels against the rupee on Thursday as it climbed a further Rs5.85 in the interbank market and was being traded at Rs167.45. The dollar has gained Rs8.45 in the past three days as a back-to-back reduction in interest rates catalyses foreign capital flight from Pakistan’s debt market. On Wednesday, the rupee had fallen 1.63% ... Read More »

Interbank rate closes at Rs161.60 against US dollar

KARACHI: The interbank foreign exchange market ended at Rs161.60 to the dollar on Wednesday falling by Rs2.60 paisas from previous day’s closing, according to closing rate of State Bank of Pakistan (SBP). Earlier in the day the Pak Rupee massively depreciated by Rs3 in intraday trading after significant outflows of hot money, market sources said. The sources said that large ... Read More »

Pakistani rupee depreciate against US dollar in interbank market

KARACHI: The US dollar gained Rs1 against the Pakistani rupee in the interbank market, according to media reports on Wednesday. The greenback initially gained 50 paisa to trade at Rs 159.50 in the interbank market on the third business day and surged by another 50 paisa afterwards to reach Rs 160. The price of the US dollar had increased by ... Read More »