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Closing: Bears dominate KSE amid political uncertainty in Islamabad

KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 37.60 points to reach 29691.31 points due to prolonged political uncertainty haunting the federal capital. The market opened with negative note losing points to reach 29712.11 from the overnight 29728 points in midday trading; however, market recovered quickly gaining 59 points to reach 29787 after that. The KSE 100-index opened at 29665.90 and total ... Read More »

Rupee up against dollar in inter-bank, open market

KARACHI: The US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against rupee. On Tuesday, however, US dollar strengthened 10 paisa in inter-bank market to reach 101.8 and weakened in open market by 15 paisa to reach 102.1 against Pakistani rupee. Financial Analysts were of the view that the market seemed to have ... Read More »

Midday: Stocks keep on rallying amid devastating flood

KARACHI: Cautious optimism kept the stocks racing forwards as Karachi Stock Exchange KSE 100-index gained another 59 points or 0.20 percent to 29787 points in midday trading. Although the enormity and severity of crises have worsened with the ongoing flash flood, the stock exchange seems to have chosen the middle way. The market plunged to 29712.11 in the opening hours ... Read More »

Opening: KSE continues upward rally

KARACHI: Karachi Stocks Exchange (KSE) 100-index continued its upward rally on third day of trading with 34.85 points to 29763.76, recording a positive change of 0.12 percent. Once the market plunged to 29712.11 points but recovered with the passage of time. KSE remained positive due to fixture of another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf ... Read More »

Closing: KSE up 143 points on another round of talks

KARACHI: The Karachi Stocks steadily built on the overnight gains and rose by 143.31 points to take the stocks benchmark KSE-100 to 29728.91 points, shrugging off several pressing problems the country has been grappling with at different fronts, on Tuesday. The KSE-100 opened on an upbeat note and kept on upwards march aggressively, boosting confidence of the investors. Once the ... Read More »

Dollar weak in open market, strong at inter-bank

KARACHI: The US dollar strengthened 10 paisas in inter-bank market to reach 101.8 and weakened in open market by 15 paisas to reach 102.1 against Pakistani rupee on Tuesday. On Monday, however, dollar was sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisas against dollar on ... Read More »

Midday: KSE builds on overnight tempo, adds 271 points

KARACHI: Stocks steadily built on the overnight gains and rose by 271.59 points or 0.92 percent to take the Karachi Stock Exchange benchmark KSE-100 to 29857.19 points, shrugging off several pressing problems the country has been grappling with at different fronts, in the midday trading on Tuesday. The KSE-100 opened on an upbeat note and kept on upwards march aggressively, ... Read More »

Opening: KSE takes positive start with 110.91 points gain

KARACHI: Karachi Stocks Exchange (KSE) 100-index took a good start on second day of trading after gaining 110.91 points to 29696.51, recording a positive change of 0.37 percent. Once the market plummeted to 29585.60 points but recovered with the passage of time. KSE remained buoyant due to another round of talks between the government and the protesting Pakistan Tehreek-i-Insaf (PTI) ... Read More »

LSE loses 24.82 points

LAHORE: Lahore Stock Exchange (LSE) here Monday witnessed bearish trend by losing 24.82 points, as the LSE Index-25 opened with 5420.20 points and closed at 5395.38 points. The market’s overall situation also did not correspond to an upward trend as it remained at 373,000 shares to close against previous turnover of 659,900 shares, showing a downward slide of 286,900 shares. ... Read More »

Closing: Bulls at KSE bounce back amid PTI, PAT talks with govt

KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 71.82 points to reach 29585.60 mark on the first day of the trading week, Monday, as the positive signs were prevailing about the resolution of the current political standoff in the federal capital. The market opened at 29513.78 with positive sentiments, kept on marching upward and taken the total trade volume to ... Read More »

Dollar gains 20 paisa against rupee in open market

KARACHI: The US dollar sold at Rs 101.7 in interbank market and 102.25 in open market. Pakistani rupee weakened in open market as it shed 20 paisa against dollar on the first day of trading. As per details, US dollar strengthened 20 paisa against rupee in open market to reach 102.25 on Monday. Financial analysts were of the view that ... Read More »

Midday: Pious hope keeps KSE afloat, gains 53 points

KARACHI: The agreement may seem fragile in the federal capital but the ongoing hectic parleys and hope for an amicable resolution to the prevailing political standoff kept stocks afloat and the KSE-100 index gained 53 points or 0.18 percent to reach 29567.43 in the midday trading on Monday. Although the market failed to sustained its gains of 207.04 points in ... Read More »

Opening: KSE continues upward trajectory, adds 207 points

KARACHI: Though political scenario remains foggy, Karachi Stocks continue to capitalize on the developments taking place in the federal capital. KSE-100 index added another 207.04 points to touch 29720.82 in early trading on first business day. The market opened with positive sentiments and kept on marching upward, giving boost to the investors’ confidence. Investors were comforted as they sensed a ... Read More »

Weekly review: Dollar emerges firm against Pakistani rupee

LAHORE: The US dollar gained 20 paisa in inter-bank and open markets during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 101.5 on Monday and 101.7 on Friday, while, in open market its value was 101.85 on Monday and 102.05 on Friday, which shows 20 paisa decrease in rupee value ... Read More »

Weekly review: Bulls emerge victorious with 938 points gains at KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 938.67 points in weeklong trading as it opened at 28567.74 points on Monday and closed at 29506.41 points on Friday. The KSE witnessed bullish trend most of the days, despite another week of sit-ins, protests, clashes and political unrest in the federal capital. The first day of trading, however, was not ... Read More »

Closing: Political uncertainty pushes KSE down 97 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened at a bearish note on Friday and went down by 97.89 points to reach 29506.41, as political strife still haunted the federal capital. The highest index was witnessed at 29659.91 points, while the lowest level was recorded at 29467.97 points. Trading volume decreased to 35,105,980 shares in stock market. Experts were of ... Read More »

US dollar sheds 50 paisa against rupee

KARACHI: The Pakistani rupee strengthened against the US dollar in inter-bank market as it adds 50 paisa on the last trading day of the week. Although, the US dollar has strengthened 30 paisa against rupee in open market to reach Rs 102.05 in open market, it lost 50 paisa in inter-bank to reach 101.7 on Friday. Economic experts analyzed that ... Read More »

Midday: KSE recovers early losses  

KARACHI: The Karachi Stocks Exchange (KSE) 100-index remained volatile till midday on Friday due to uncertainty hovering over the political horizon of the country despite ongoing talks between the government and Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri. At start of the trading, the KSE even plunged to 29496.19 points but recovered with the ... Read More »

Opening: KSE takes negative start in early trading

KARACHI: As govt and PTI-PAT teams could not reach any deal, KSE 100-index once against took a negative start, shedding 20.85 points to 29583.45 in early trading of the morning session on Friday. At start of the trading, KSE even plunged to 29496.19 points but recovered with the passage of time. Dr Arif Alvi of PTI dispelled an impression that the ... Read More »

Closing: Karachi stocks show 8.75 points increase on Thursday

KARACHI: The Karachi Stocks Exchange 100-index gained only 8.75 points on Thursday to reach 29604.30 mark as political standoff still prevails in Islamabad. The KSE 100-index opened at 29523.78 and total trade volume remained 128,676,320 shares. The highest increase witnessed in price of Fauji Cement, Telecard Limited, Jah sidd Company and Engro Corporation while the Unilever Pakistan, Siemens Pakistan, Shield ... Read More »