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PSX post biggest weekly decline of 15pc since 2008 financial crisis

KARACHI: The capital market’s main benchmark KSE-100 index declined by 15 percent during the outgoing week, making it the largest weekly decline since 2008. Increase in number of coronavirus cases across the country and resulting decline in commercial activity, dominated investors sentiment where index tested its increased halt limit of 5 percent four times during the week. Decline in policy ... Read More »

Weekly Review: Coronavirus may incur more damages to share market next week

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 »

Pak Rupee loses 10 paisa against US dollar in interbank

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar witnessed decrease of 10 paisa in interbank on Friday and traded at Rs158.67 against Rs158.57 on last trading day, State Bank of Pakistan (SBP) reported. However, according to Forex Association of Pakistan the buying and selling rates of Dollar in open market were recorded at Rs158 and Rs159.5 respectively. The ... Read More »

Bulls return to PSX as KSE-100 index gains 537 points

KARACHI: After witnessing bullish trends for continuous four days, the  Pakistan Stock Exchange on Friday bounced back and gained 537 points. The KSE-100 index closed at 30667 points. It must be noted that the KSE-100 index had lost over 5,6800 points in the last four trading sessions. Meanwhile, Asian equities enjoyed some much-needed gains Friday after another volatile week on ... Read More »

Asian Markets Show Modest Optimism

HONG KONG: Stocks across the Asia-Pacific region rose in morning trading. Stocks rise in Asia on policy optimism, Europe set to follow. Markets in Asia-Pacific showed some optimism on Friday after a tumultuous week, as investors digested news of fresh measures by Europe and the United States to shore up economies that have been devastated by the coronavirus. Europe appeared ready ... Read More »

Pakistan Stock Exchange sheds 286 points

KARACHI: Pakistan Stock Exchange (PSX) on Thursday witnessed bearish trend as KSE-100 index plunged 286 points. The Pakistan Stock Exchange plunged over 2000 points in the intraday trading but recovered at the closing day. The KSE-100 index closed at 30129 points as compared to 30416 points on the last working day. The-100 index lost 2201 points on Wednesday. It must ... Read More »

Pak Rupee ends down by five paisas against US dollar

KARACHI: The Pak Rupee fell by five paisas against dollar on Thursday due to rise in demand for import payment. The rupee ended Rs158.57 to the dollar from previous day’s closing of R$158.52 in interbank foreign exchange market. Currency dealers said that rise in demand for import payment depreciated the local currency. They said that majority of dollar demand was ... Read More »

PSX recovers after opening crash, trading at 30,1298 as of 4:00pm

KARACHI: At the time of filing this report at 4:00 pm, the benchmark KSE-100 Index showed signs of recovery from early meltdown and was being traded at 30,12983 points. PSX began with a drop on Thursday as markets dropped by 1752.01 (-5.76%) to 28,664.04 amid Coronavirus fears as Pakistan reported the first deaths because of the virus. At the time ... Read More »

PSX makes sharp recovery after crash

KARACHI: The Pakistan Stock Exchange (PSX) recovered after opening crash on Thursday as KSE-100 index was trading at 30, 347 points at 12:30 pm. Earlier, trading was halted at Pakistan Stock Exchange for 45 minutes within 10 minutes of trade as KSE-100 index was down 1,752 points or 5.6 percent and was trading at 28, 664 points. KSE30 index fell ... Read More »

Stocks continue to take a battering; 100-index down 1,719 points; trading halted

KARACHI: Trading at the Pakistan Stock Exchange (PSX) was halted again on Thursday when the benchmark KSE-100 index plunged 1,719 points after the start of the morning session. This is the sixth time in the last nine days when trading had to be suspended. The index was at 28,696 points when the halt was triggered. On Wednesday, stocks slumped more ... Read More »

Pakistan Stock falls to five-year low to 28,633 points

The Pakistan Stock Exchange fell to its lowest level in more than five years Thursday morning after the benchmark KSE-100 lost another 1,700 points within few minutes of its opening, leading to a trade halt of 45 minutes, the sixth in the last 10 sessions. After temporary halt was lifted, the bourse shed more points, sending the KSE-100, a gauge to ... Read More »

US dollar gains Rs1 in interbank market

ISLAMABAD: The exchange rate of US Dollar against Pakistani rupee jumped up by Rs1 in interbank on Wednesday and traded at Rs158.52 against Rs158.42 on last trading day, State Bank of Pakistan (SBP) reported. The SBP further reported that in interbank, the price of Euro depreciated by Rs2.13 and traded at Rs173.75 against the last closing of Rs175.88 on last ... Read More »

PSX plunges 6.38pc to 6-month low after bearish start

KARACHI: The Pakistan Stock Exchange once again started on a negative note on Wednesday, with the benchmark KSE-100 index losing 2,080 points, or 6.38%, by the halfway mark of the trading session to reach 30,616 points. Earlier in the day, trading activity was halted for 45 minutes after the index registered a decline of 5%, which is the trigger for ... Read More »

US dollar registers 33 paisas hike against Pakistani rupee

KARACHI: The United States Dollar (USD) registered an increase in value against the Pakistani Rupee (PKR) as trading began today in the inter-bank market on Wednesday. The USD registered a 33 paisa hike against the PKR bumping its value to Rs158.75. Whereas, the greenback has registered a decrease in value in the open market, forex dealers have revealed that the ... Read More »

Asian Markets Rise but Alarm Persists

Asian markets follow Wall Street higher, but unease continues. Asian markets followed Wall Street higher in morning trading on Wednesday, but other indicators pointed to persistent unease over the state of the world economy. Japanese stocks led the rise, which didn’t fully match a more than 5 percent rise in Wall Street overnight on news of the Trump administration’s efforts ... Read More »

Pak Rupee falls by two paisas against US dollar

  KARACHI: The Pak Rupee fell by two paisas against dollar on Tuesday amid demand from importers and corporate buyers. The rupee ended Rs158.43 to the dollar from previous day’s closing of Rs158.41 in interbank foreign exchange market. Currency experts said that the rupee had fallen significantly earlier in the day owing to demand from importers and corporate buyers. However, ... Read More »

Gold price increases Rs500, traded at Rs89,500 per tola

ISLAMABAD: The price of 24 karat gold increased by Rs 500 per tola on Tuesday and was traded at Rs 89,500 as compared to Rs 89,000 of last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed an increase of Rs 429 and was traded at Rs 76,732 as compared to Rs 76,303 during last ... Read More »

Pakistan Stock Exchange KSE-100 sheds 1,000 points

KARACHI: The Pakistan Stock Exchange slipped by 1,000 points, or three per cent, to close at 32,650 on Tuesday as traders continued to face uncertainty amid the novel coronavirus health crisis. The market rose to 33,894 points during the first eight minutes of trading but failed to maintain upward momentum and fell by 1,268 points. Towards the end of the ... Read More »

Pakistan Stock Exchange witnesses bearish trend

KARACHI: The Pakistan Stock Exchange (PSX) Tuesday continued to witness bearish trend as the KSE-100 Index plunged 341 points to trade at 33,343 points. On the other hand, the price of the US dollar increased by 50 paisa against the Pakistani rupee in the interbank market and traded at Rs158.90. It is pertinent here to mention that the capital market ... Read More »

Asian markets tumble again

HONG KONG: Asian markets sank again on Tuesday as investors struggled to pick themselves up following the previous day’s global bloodbath, which saw Wall Street suffer its worst day in more than three decades as coronavirus sweeps the planet. The Stock of Exchange of Thailand index, however, showed only a marginal decline of 0.13% at 10.24am. Despite government and central ... Read More »