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PSX closes in green amid range-bound trading

KARACHI: The Pakistan Stock Exchange (PSX) ended a range-bound session on Thursday slightly positive. Foreign investors closed as net buyers for the sixth consecutive session on Wednesday with a net inflow of $1.80 million. The KSE-100 Index recorded its intraday high at 37,507.02 after gathering 340.06 points. It then slid to its intraday low at 37,130.01 after shedding 36.95 points. ... Read More »

US dollar continues to inch upwards against Pak Rupee

KARACHI: The US dollar (USD) increased its worth by 5 paisas in the interbank market against the Pakistan Rupee (PKR), a 2 paisa increase was also recorded yesterday, according to media. The overall value of the greenback jumped from the previous, 155.40 to 155.45 PKR, reported the forex dealers. Gold rates in the local market also saw an increase of ... Read More »

Pakistan Stock Exchange gains 422 points

KARACHI: Bulls of the Pakistan Stock Exchange (PSX) took charge of the market once again on Wednesday after a range-bound session a day before. Indices that started the day on a negative note soon took a U-turn to surpass the 37,000 points mark. Foreign investors ended up as net buyers for the fifth consecutive session on Tuesday with a net ... Read More »

Pak Rupee appreciates against dollar by 5 paisa in open market

KARACHI: The Pakistani rupee appreciated against the U.S. dollar by 5 paisa and hit Rs155.40 in the open market during early trade hours on Wednesday. Likewise, in the interbank market, the local currency traded at Rs155.44 per dollar. Earlier, the World Bank Group had forecasted Pakistan’s economic growth to slow down for the next two years as it continues to ... Read More »

KSE-100 closes flat in range-bound trading

KARACHI: The Pakistan Stock Exchange (PSX) failed to carry forward its positive momentum and ended a range-bound session on Tuesday flat. Foreign investors closed the first session of the trading week (Monday) as net buyers with a net inflow of $1.41 million. The KSE-100 Index benchmark marked its intraday high at 37,171.04 during the initial hours of the trading. The ... Read More »

Bullish trend continues as KSE-100 surges 824 points

KARACHI: Continuing with the growth momentum for the eighth consecutive session, the Pakistan Stock Exchange (PSX) ended positively once again on Monday, with the KSE-100 Index accumulating over 800 points. On the economic front, the International Monetary Fund (IMF) team has expressed satisfaction over Pakistan’s performance on the loan programme. The government has approved a package for electricity supply mainly ... Read More »

Dollar goes down by 5 paisa in open market

LAHORE: On the first day of the week, the U.S. Dollar has been down by five paisa in open market. As per details, the Dollar is being traded at Rs 155.50 in open market. On the other hand the Dollar also went down in interbank by 3 paisa to close at Rs155.40 on Monday. Pakistan Stock Exchange (PSX) on Monday ... Read More »

PSX rally for eighth successive day

KARACHI: Pakistan stock market has maintained booming rally on the eighth successive day on Monday. Pakistan Stock Exchange (PSX) benchmark KSE-100 Index surged by another 700 points to a six-month high above 36,650 points in intra-day trading at around 12:25pm. “The market is up on IMF satisfaction over Pakistan economic trajectory and Islamabad successfully averted the chances of being downgraded ... Read More »

Weekly Review: Stabilizing macro-economic continue to fuel bullish trend

KARACHI: The upswing in the market may be met with some profit-taking next week. The continuation of the sit-in in the federal capital may create some apprehensions which we expect to create some short-lived jitters in the market, analysts said. “We expect the stabilizing macro-economy to continue fueling the bullish trend over the medium to long term,” analysts at Arif ... Read More »

Gold prices fall

KARACHI: Gold rates in the local market decreased by Rs550 to Rs86,700 per tola on Friday, according to media. Similarly, the price of 10 grams of the precious yellow metal fell by Rs472 to Rs74,331. Meanwhile, gold rates in the global market also inched lower today and were on track for their biggest weekly decline in 2-1/2 years as a ... Read More »

Pakistani rupee goes up by 10 paisa against dollar

KARACHI: The Pakistani rupee appreciated against the US dollar by 10 paisa and hit Rs155.60 in the open market during early trade hours on Friday. Likewise, in the interbank market, the local currency was traded at Rs155.45 per dollar. In the previous week, the rupee gained its strength by 23 paisa against the greenback in the interbank and closed at ... Read More »

Gold prices remain unchanged in local market

KARACHI: Gold rates in the local market remained unchanged at Rs87,250 per tola on Thursday, according to media. Similarly, the rate of 10 grams of yellow metal witnessed no change and was priced at Rs74,802. Meanwhile, gold fell in the global market, losing some of its safe-haven appeal as signs of progress in U.S.-China trade negotiations rekindled a rally in ... Read More »

PSX gains 105 points in narrow range trading

KARACHI: The stock market increased by 105 points on Thursday in a narrow band trading activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,758 points as against 35,6553 points showing an increase of 105 points. Analysts at Arif Habib Limited said that the market traded in a narrow range between -195 points and +181 points, closing ... Read More »

US dollar loses 5 paisa against Pak rupee

ISLAMABAD: The exchange rate of US dollar against rupee decreased by 05 paisa in the interbank and was traded at Rs 155.54 against the closing of Rs155.59 during last trading day, State Bank of Pakistan (SBP) reported Thursday. The SBP further reported that in interbank, the price of Euro depreciated by Rs 0.15 and was traded at Rs 172.37 against ... Read More »

Gold rates fall in local market

KARACHI: Gold rates in the local market slightly fell by Rs250 to Rs87,250 per tola, according to media on Wednesday. The rate of 10 grams yellow metal decreased by Rs214 to Rs74,802 Meanwhile, gold prices edged higher on Wednesday, after falling over 1% in the previous session, as investors took a step back from riskier assets in the absence of ... Read More »

PSX extend rally into fifth day, index up 295 points

KARACHI: Extending its gains from the previous session, the Pakistan Stock Exchange (PSX) closed in the green zone for the fifth consecutive session on Wednesday. Foreign investors continued with their selling pattern on Tuesday with a net outflow of $1.51 million. Accumulating 626.90 points, the KSE-100 Index marked its intraday high at 35,985.21. It closed higher by 295.02 points or ... Read More »

Stocks edge high by gaining 522 points

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday gained further momentum in the early trade hours as investor participation has been observed very high amid presence of market moving triggers. The benchmark KSE-100 index gained 522 points and hit 35,881 points. During the previous week, traders, initially, were in a state of uncertainty and a bit of nervousness as the ... Read More »

Gold falls Rs300 per tola

KARACHI: Gold rates in the domestic market fell by Rs300 to Rs87,500 per tola on Tuesday, according to media. Price of 10 grams of the precious yellow metal decreased by Rs204 to Rs75,017. Meanwhile, gold also fell in the global market as optimism over U.S.-China trade ties and fading fears of a recession buoyed European stocks, deflecting investors’ interest from ... Read More »

PSX remains bullish as benchmark index gains 80 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday as KSE-100 index witnessed an increase of 80.85 points and touched the benchmark of 35358.31 points. The KSE-100 index continued bullish trend and witnessed an increase of 0.23 percent as compare to the trading of 35,277.46 points on last trading day. A total of 308,484,510 shares were traded compared ... Read More »

Bull-run continues at PSX as benchmark index gains 899.85 points

KARACHI: The Pakistan Stock Exchange (PSX) on Monday witnessed bullish trend as the KSE-100 Index closed at 35277.46 points as compared to 34377.61 points on the last working day with a positive change of 899.85 points. The total turnover was 207,782,700 as compared to 157,118,951 on the last working day with Fauji Cement having the highest turnover of 11,182,000. Total ... Read More »