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Trading resumes at PSX after being suspended due to technical glitch

KARACHI: Trading resumed at Pakistan Stock Exchange on Thursday after being suspended for over two hours over a technical issue. Trading had been suspended since 10:30am and resumed around noon. The market extended buying at the resumption. It was trading at higher share prices before the fault developed. PSX benchmark KSE 100 index was up 328 points to 36,832 points ... Read More »

Pakistan Stock Exchange suspends trading due to technical fault

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday morning suspended trading after a technical fault in its trading network limited access for some brokerages. According to a PSX notice, the trading was suspended after multiple brokerage houses reported that they were unable to place their orders. “Due to some technical issues identified in the trading system of the exchange, where ... Read More »

Dollar remains unchanged in interbank

ISLAMABAD: The exchange rate of dollar remains unchanged in interbank and traded at Rs 141.39, State Bank of Pakistan (SBP) reported on Wednesday. However according to Forex Association of Pakistan the opening and closing rates of dollar in open market recorded at Rs141.50 and Rs142.00. The SBP reported that in interbank, the price of Euro decreased by 49 paisa after ... Read More »

Pakistan Stock Exchange ends in green on banks earning

KARACHI: The stock market ended in green mainly on positive earning declared by banks on Wednesday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,504 points as against 36,404 points showing an increase of 100 points. Analysts at Arif Habib Limited said that the market went green today and went up by 329 points. The positive drive ... Read More »

Gold prices dip Rs1,000 per tola to six-week low

KARACHI: Gold became less attractive, as jewellers in Pakistan revised price downwards by Rs1,000 per tola (11.66 grmas) to six-week low at Rs68,800 in line with downturn in the imported commodity at world markets on Tuesday. With the fresh drop, the bullion has fallen Rs3,400 per tola, or 4.7%, since it hit all-time high of Rs72,200 at the outset of ... Read More »

Equity market extends losses on concerns over budgetary measures

KARACHI: The equity market extended previous day’s losses on Tuesday owing to concerns over new budgetary measures under planned IMF program. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,404 points as against 36,902 points showing a decline of 498 points. Analysts at Arif Habib Limited said that the index saw a significant draw down of 765 ... Read More »

Pakistan Stock Exchange posts 10pc decline in profit for July-March of Fiscal Year 2019

KARACHI: Pakistan Stock Exchange’s (PSX) profit decreased 10% to Rs59.2 million in nine months ended March 31, 2019, mainly due to a drop in revenue, according to a bourse filing on Monday. The trading company had registered a profit of Rs65.6 million in the same period of previous year, the company stated in a notification sent to the bourse. The ... Read More »

Gold imports dip 20.48pc during first three quarters of FY2018-19

ISLAMABAD: The gold imports into the country dipped by 20.48 percent during the first three quarters of the current fiscal year (2018-19) as compared to the corresponding period of last year. Pakistan imported gold worth $11.861 million during July-March(2018-19) compared to the imports of $14.916 million during July-March (2017-18), showing decrease of 20.48 percent, according to the latest data of ... Read More »

PSX down by 391 points on selling pressure

KARACHI: The stock market lost 391 points to start the week on Monday with selling pressure witnessed during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,902 points as against 37,292 points showing a decline of 391 points. Analysts at Arif Habib Limited said that profit booking was apparently the only idea on investors’ mind. ... Read More »

Pak Rupee remains unchanged against dollar

KARACHI: The Pak Rupee remained unchanged against dollar for sixth straight trading day on Monday amid lackluster demand for import and corporate payments. The rupee ended Rs141.40 to the dollar, the same last Friday’s closing, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded a high of ... Read More »

Pak Rupee ends down 20 paisas in open market

KARACHI: The Pak Rupee ended down by 20 paisas in open market on Saturday owing to recent changes in the federal cabinet. The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s closing of Rs142.00/Rs142.50 in cash ready market. The local unit lost 50 paisas against the greenback during the last two days. Currency dealers said that ... Read More »

PSX, VIS & PCIC holds seminar to promote cross border investments

KARACHI: VIS Credit Rating Company (VIS) in collaboration with Pakistan Stock Exchange Limited (PSX) and Pak China Investment Company Limited (PCIC) organized an event on Saturday to celebrate collaboration between VIS and China Chengxin International Credit Rating Company Limited (CCXI). The theme of the event was to facilitate cross border investments into Pakistan and promote informed investment decision making along ... Read More »

PSX gains 481 points after resignation of finance minister

KARACHI: The stock exchange on Friday welcomed the resignation of Asad Umar from the post of finance minister by gaining 481 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,292 points as against 36,811 points showing an increase of 481 points (+1.3 percent DoD). Analysts at Arif Habib Limited said that resignation of the finance minister ... Read More »

Pak Rupee maintains level amid reshuffle in cabinet

KARACHI: The rupee maintained level against dollar for the fifth consecutive day on Friday amid reshuffle in the federal cabinet. The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low ... Read More »

Pakistan Stock Exchange closes positive after volatile trading

KARACHI: The Pakistan Stock Exchange (PSX) started the day on a bullish note, largely due to clarification from the central bank that the proposal to introduce the Treasury Single Account (TSA) is being examined as part of the government’s agenda to reform public financial management and that no decision has yet been made to implement it. The 100 Index, however, ... Read More »

Pak Rupee remains flat against dollar

KARACHI: The Pak Rupee remained unchanged against dollar on Thursday amid lackluster trading activities. The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low of Rs141.40 and closed at ... Read More »

KSE-100 sheds over 600 points

KARACHI: Bears of Pakistan Stock Exchange (PSX) were again successful in capturing the market, as the indices bled for the most part of Wednesday. A lack of clarity on the economic front and expected reforms under the umbrella of the International Monetary Fund (IMF) kept the investor confidence low. Meanwhile, foreign investors took a U-turn after four sessions and closed ... Read More »

Pak Rupee ends firmer on lower dollar demand for imports

KARACHI: The Pak Rupee ended firmer against dollar on Wednesday amid static demand for import and corporate payments. The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.  The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low of Rs141.39 ... Read More »

PSX ends down by 122 points on profit taking

KARACHI: The stock market ended down by 122 points on Tuesday following profit taking during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,382 points as against 37,504 points showing a decline of 122 points. Analysts at Arif Habib Limited said that the market saw attrition of 91 points (unadjusted) by session’s end, where the ... Read More »

Pak Rupee ends unchanged against dollar

KARACHI: The Pak Rupee ended unchanged against dollar in interbank foreign exchange market on Tuesday amid lackluster trading. The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs 141.39 and Rs141.40. The market recorded day high of Rs141.40 and low ... Read More »