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Pakistan Stock Exchange gains 824 points

KARACHI: Bulls staged a comeback at the Pakistan Stock Exchange (PSX) on Friday, as the indices recovered the losses made in the previous session. Foreign investors bought shares worth $1.81 million on Thursday. On the economic front, the State Bank of Pakistan kept the interest rates unchanged at 13.25pc for the next two months. The decision, which was in line ... Read More »

Gold price drops by Rs300 per tola

KARACHI: Gold rates in the local market slashed by Rs300 to stand at Rs85,900 per tola on Thursday, according to media. Similarly, the rate of 10 grams of yellow metal decrease by Rs257 to Rs73,645. Meanwhile, in the global market, gold prices held steady on Thursday, supported by concerns that U.S. legislation on Hong Kong could increase tensions between the ... Read More »

PSX observes bearish trend

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday lost 349 points after yesterday’s reports that it has outperformed the world’s leading stock markets during the last three months due to the government’s steps to stabilise economy. The benchmark KSE-100 index dropped to 37,688 points. However, today, it has lost momentum slightly in the early trade hours as investor participation has ... Read More »

Pak Rupee trades at Rs155.40 against US dollar in open market

KARACHI: The Pakistani rupee on Thursday traded at Rs155.40 against the U.S. dollar in the open market. Likewise, in the interbank market, the local currency traded at Rs155.35 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 face another macroeconomic crisis due to massive twin ... Read More »

Bloomberg report terms Pakistan’s stocks ‘world-beating’

ISLAMABAD: Pakistan’s strong economic indicators were endorsed after Bloomberg, the international economic journal, termed Pakistan stocks ‘world-beating’. According to Bloomberg’s report, foreign investors have bought $64 million of the nation’s stocks this year, set for the first annual inflow since 2014. The rally that’s helped Pakistan stocks trounce the rest of the world in the past three months is not ... Read More »

Gold rises Rs200 per tola

KARACHI: Gold rates in the local market increased by Rs200 to stand at Rs86,200 per tola on Wednesday, according to media reports. Similarly, the rate of 10 grams of yellow metal rose by Rs172 to Rs73,903. Meanwhile, gold prices in the global market rose to their highest in nearly two weeks on Wednesday as U.S. Senate measures on Hong Kong ... Read More »

Stocks stay bearish, closes at 38,037 points

ISLAMABAD: Pakistan Stock Exchange (PSX) Wednesday witnessed bearish trend as KSE-100 index closed at 38,037 points with decline of 526.7 points (0.1.38%) compared to the closing of 38,564 the previous day. A total of 186,502,740 shares were traded compared to the trade of 246,093,860 shares during the previous day, whereas the value of shares traded during the day stood at ... Read More »

Pak Rupee US dollar exchange rate remains flat in interbank

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar remained flat and traded at Rs155.36 in the interbank on Wednesday. In open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs 155.2 and Rs 155.6 respectively. In interbank, the price of Euro depreciated by Rs 0.06 and was traded at Rs 171.88 against the ... Read More »

Pak Rupee ends flat against US dollar in interbank

ISLAMABAD : The exchange rate of Pakistani rupee against US dollar remained flat with loss of Rs0.01 and traded at Rs155.36 in the interbank on Tuesday against the last closing at Rs155.35, State Bank of Pakistan (SBP) reported. In open market, the buying and selling rates of Pakistani rupee against dollar stood at Rs155.15 and Rs155.55 respectively. In interbank, the ... Read More »

Gold price reaches Rs 86,000 per tola

KARACHI: Gold prices on Tuesday increased by Rs200 per tola and traded at Rs86,000 in the local market, according to media. Rate of 10 grams of the precious yellow metal increased by Rs172 to 73,731. Meanwhile, gold fell on Tuesday in the international market, erasing gains from earlier in the session, as a temporary reprieve from Washington for China’s Huawei ... Read More »

Bull-run continues at PSX as benchmark index gains 152.81 points

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday continued with bullish trend as KSE-100 index closed at 38,564 points with positive change of 152.81 points (0.45%) compared to the closing at 38,411 the previous day. A total of 246,093,860 shares were traded compared to the trade of 268,794,550 shares during the previous day, whereas the value of shares traded during the ... Read More »

Pak Rupee gains Rs0.04 against US dollar

ISLAMABAD: The exchange rate of Pakistani rupee against US dollar gained Rs 0.04 and traded at Rs 155.35 in the interbank on Monday against the last closing at Rs155.39, State Bank of Pakistan (SBP) reported. The SBP further reported that in interbank, the price of Euro appreciated by Rs 0.69 and was traded at Rs 171.88 against the last closing ... Read More »

Gold price drops to Rs87,700 per tola

KARACHI: Gold price on Monday has dropped by Rs450 and reached Rs85,700 per tola in domestic market, according to All Pakistan Gem Merchant and Jewelry Association. While, price of 10 gram gold has reduced by Rs386. So the new price for 10 gram (24 carat) gold is Rs73,474.           Read More »

PSX gains 827 points to close at 38,411 points

KARACHI: Pakistan Stock Exchange (PSX) on Monday noted a bullish trend as KSE-100 index went up by 827 points to close at 38,411 points. Earlier, the stock market demonstrated bullish trend during the whole trading week lifting the KSE-100 index by 1605.73 points to 37,583.89 points on the last trading day (Friday) as compared to its position at 35,978.16 points ... Read More »

KSE-100 soars past 38,000 points

KARACHI: The KSE-100 skyrocketed over 650 points and crossed the 38,000-point mark on Monday to trade at seven month high as political noise dampened. Investor sentiments strengthened following the Lahore High Court’s decision to remove former prime minister Nawaz Sharif’s name from the exit control list (ECL) permitting him to travel abroad for medical treatment. “The diffusion in political tensions ... Read More »

Gold falls Rs100 per tola

KARACHI: Gold rates in the local market decreased by Rs100 to Rs86,200 per tola on Saturday, according to media reports. The rate of 10 grams gold also fell by Rs86 to Rs73,902. It is noteworthy that gold prices in the global market slipped on Friday, on track to break a three-session winning streak as stock markets hit record highs following ... Read More »

A weekly review: Stocks jump six-month high to 37,583.89 points

KARACHI: The stock market demonstrated bullish trend during the whole trading week lifting the KSE-100 index by 1605.73 points to 37,583.89 points on the last trading day (Friday) as compared to its position at 35,978.16 points last Saturday. With the continuous positive momentum throughout the week, the bulls rule the KSE-100 and cumulatively the index went up by over 4.46 ... Read More »

Pakistan Stock Exchange gains 825 points

ISLAMABAD: Pakistan Stock Exchange (PSX) Monday noted bullish trend as KSE 100 index closed at 36,803 points with the positive change of 825 points (2.24%). A total of 210,573,470 shares were traded compared to the trade of 181,945,210 shares during the previous day, whereas the value of shares traded during the day stood at Rs7.78 billion. Total 355 companies’ transacted ... Read More »

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 »