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Pakistan Stock Exchange sheds 335 points

KARACHI: Bulls of the Pakistan Stock Exchange (PSX) seemed exhausted on Tuesday, as the indices, which opened on a positive note, failed to sustain gains amid profit-taking. Foreign investors remained net buyers of $1.64 million in the previous session. On the political front, the National Accountability Bureau (NAB) has issued orders to freeze assets owned by Pakistan Muslim League-Nawaz (PML-N) ... Read More »

Stock market fluctuates after crossing 40,000-level

KARACHI: Pakistan’s stock market on Tuesday has been fluctuating after it stormed past the 40,000-level yesterday. The benchmark KSE 100-share Index today touched 40,444.05 points and then returned to 39,787.74 points. Yesterday, the index propelled by massive 836 points and rose to 40,124 points. According to data compiled by Bloomberg, Pakistan’s benchmark KSE-100 rose 2.1% to close at the highest ... Read More »

Pak Rupee firms up 2 paisa against dollar in interbank

KARACHI: The Pakistani rupee on Tuesday further appreciated against the U.S. dollar in the interbank market by two paisa, and hit Rs155.25. Yesterday, the local currency recovered by 20 paisa against the greenback. Importantly, Moody’s Investors Service (“Moody’s”) has affirmed Pakistan’s local and foreign currency long-term issuer and senior unsecured debt ratings at B3 and changed the outlook to stable ... Read More »

Pakistan Stock Exchange crosses 40,000 points

KARACHI: Pakistan Stock Exchange (PSX) on Monday crossed 40,000 mark after a gap of around 10 months as the KSE-100 index closed at 40,122 points with a positive change of 836 points. A total of 361,655,400 shares were traded during the day, whereas the value of shares traded during the day stood at Rs 13.75 billion compared to the previous ... Read More »

Gold prices fall by Rs150 per tola

KARACHI: The Gold prices on Monday decreased by Rs150 per tola in the local market and currently trading at Rs85050. Likewise, the rate of 10 grams of yellow metal fell by Rs128 to Rs72,916. Gold prices fell on Monday as investors turned to riskier assets on signs of economic growth following reports of an expanding Chinese factory sector and as ... Read More »

KSE-100 surges 836 points amid upbeat economic outlook

KARACHI: The Pakistan Stock Exchange (PSX) opened the week with a boom as the indices rallied amid improved economic indicators. Foreign investors offloaded equities worth $8.06 million in the preceding week (November 25- 29, 2019). On the economic front, Adviser to Prime Minister on Commerce Abdul Razak Dawood stated that Pakistan’s exports rose to $2.02 billion while imports declined to ... Read More »

Pak Rupee appreciates by 5 paisa against dollar

KARACHI: The Pakistani rupee on Monday recovered its strength by 5 paisa and 15 paisa in the interbank market and open market, against the U.S. dollar, and hit Rs155.28 and Rs155.45, respectively. Earlier, the World Bank Group had forecasted Pakistan’s economic growth to slow down for the next two years as it continues to face another macroeconomic crisis due to ... Read More »

KSE index rises to 39,849 points

KARACHI: The stock market demonstrated bullish trend on Monday in the early trade hours with the massive gain of 561 points. The benchmark KSE 100-share Index rose to 39,849 points. After Chinese investors expressed keen interest in pouring at least $2 billion into Pakistan’s stock market, PSX Chairman Sulaiman S Mehdi at a press briefing on Friday stated: “Small Chinese ... Read More »

Stock market swells by 581.38 points

KARACHI: Stock market even on the last business day of week showed continuous improvement with rise of 581.38 points in 100 Index. As per details, investors remained active from the beginning of the day. In fact, their interest throughout the week helped market getting recovered. PSX100 Index during trading restored five stages including 38800, 38900, 39000, 39100, and 39200. On ... Read More »

Pak Rupee goes up by 10 paisa against dollar

KARACHI: The rupee gained 10 paisa to close in at Rs155.60 against the dollar in the open market on Friday. According to Forex dealers, the rupee also gained slightly in the interbank market as it ended at Rs155.23 against the greenback. Earlier, on Nov 22, Prime Minister Imran Khan had slammed the previous government for, what he said, spending reserve ... Read More »

Gold falls by Rs200 in local market

KARACHI: Gold rates in the domestic market decreased by Rs200 to Rs85,000 per tola on Friday. Likewise, rate of 10 grams of yellow metal fell by Rs171 to Rs72,873. Gold rates, in the global market, was little changed today, but still on track to post its biggest monthly decline in three years, as investors sought clarity on the U.S.-China trade ... Read More »

KSE-100 index crosses 39,000 points to 9-month high

KARACHI: The stocks witnessed increase on Friday as the KSE-100 index crossed the 39,000-point mark after nine months. According to details, the KSE-100 index gained 513 points to trade at over 39,200 points. On the other hand, Pakistani rupee gained 7 paisa against US dollar and was traded at Rs155.25. Earlier on Thursday, Pakistan Stock Exchange witnessed bullish trend. The ... Read More »

Gold falls by Rs330 per tola

KARACHI: The per tola price of 24-karat gold on Thursday witnessed a decrease by Rs330 and traded at Rs85200 in the local market. The rates of 10 gram gold also slashed by Rs283 after which it was traded at Rs73045 in Karachi. In the international market, the yellow metal price tumbled by $1 per ounce and traded at $1,458 on ... Read More »

Pak Rupee ends unchanged against US dollar

KARACHI: The Pak Rupee ended unchanged against dollar on Thursday owing to range bound trading activities. The rupee ended Rs155.33 to the dollar, the same previous day’s level in interbank foreign exchange market. The currency experts said that the lower demand for dollar from importers and corporate sector helped the rupee to maintain level. Besides, the market also witnessed no ... Read More »

Pakistan Stock Exchange gains 584 points on improved sentiments

KARACHI: The stock exchange gained 584 points on Thursday on buying activities and improved sentiments. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,706 points as against 38,123 points showing an increase of 584 points. Analysts at Arif Habib Limited said that expectation of resolution of the controversy regarding COAS extension in Service helped Index recover, as ... Read More »

KSE-100 rises 327 points in volatile session

KARACHI: It was a partly cloudy day at the Pakistan Stock Exchange (PSX), as the indices remained volatile throughout the trading session before landing in the green zone. Foreign investors offloaded equities worth $7.97 million on Tuesday with major selling witnessed in the cement ($1.48 million) and oil and gas exploration ($3.14 million) sectors. Losing 123.42 points, the KSE-100 Index ... Read More »

PSX signs agreement with Shenzhen Stock Exchange to upgrade trading system

BEIJING: Pakistan Stock Exchange (PSX) and Shenzhen Stock Exchange (SZSE) on Tuesday signed an agreement to upgrade trading and surveillance systems at a ceremony held in Shenzhen, a major city in the Chinese province of Guangdong. General Manager of Shenzhen Stock Exchange Wang Jianjun, Chairman of Pakistan Stock Exchange Ltd. Sulaiman S. Mehdi, and General Manager of China Financial Futures ... Read More »

Stocks slip amid trade worries; KSE-100 loses 669 points

KARACH: The stock market demonstrated bearish trend on Tuesday with the loss of massive 669 points. The benchmark KSE 100-share Index reduced to 37,542 points. In the previous trading week, stocks rose by 341 points to 37,925.79 points on the last trading day (Friday). On Friday at close, the index recorded an increase of 824.48 points, or 2.22%. Overall, trading ... Read More »

Pak Rupee plunges, stocks edge down

KARACHI: The Pakistani rupee on Tuesday further depreciated against the U.S. dollar in the interbank market by 8 paisa and hit Rs155.37. The local currency in the previous week appreciated against the U.S. dollar with 10 paisa in the interbank and closed at Rs155.27 on Friday. Likewise, in the open market traded at Rs155.40 against the greenback with slight fluctuation ... Read More »

Gold rises Rs100 per tola

KARACHI: Gold rates in the local market rose by Rs100 to Rs85,700 per tola on Monday. The rate of 10 grams of yellow metal saw an increase of Rs85 and clocked in at Rs73,473, according to Muhammad Arshad, chairman of the All Pakistan Jewelers Association. Meanwhile, gold in the global market edged down to a one-week low today after the ... Read More »