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PSX recovers another 738pts to settle at 39,300

KARACHI: The Pakistan Stock Exchange witnessed a bullish day on Monday and recover more than 700 points, crossing the 39,000 mark. The bullish momentum came after the government assured stockbrokers that it would do away with the regulations brought by the previous government in 2017 that shot down the high-flying PSX. The KSE 100 index benchmark appreciated by 876.63 points ... Read More »

Pak rupee depreciates to Rs139.90 in open market

KARACHI: The Pakistani rupee on Monday continued its losing spree and depreciated against the US dollar both in interbank and open market. As per the local money market, the dollar added 10 paisas in interbank for buying at Rs138.50 and for selling at Rs139, while it gained 40 paisas in open market for buying at Rs139.40 and for selling at ... Read More »

PSX manages to close positive, adds 261pts

KARACHI: Opened on bearish sentiments of previous day, the Pakistan Stock Exchange ended the last trading day of the week on positive note as the benchmark KSE-100 index added 261.42 points or 0.68 per cent to settle at 38,562.05. However, volumes down 24.8 per cent and traded value down 23.5 per cent, as nervous investors opted to refrain from increased ... Read More »

Pak rupee further loses value to Rs139.50

KARACHI: The Pakistani rupee on Friday further lost value against the US dollar both in interbank and open market. As per the local money market, the greenback picked up 15 paisas against the dollar in interbank for buying at Rs138.40 and for selling at Rs138.90. In open market, the dollar added 70 paisas for buying at Rs139 and 20 paisas ... Read More »

PSX loses huge 1,002pts as bearish note persists

KARACHI: The Pakistan Stock Exchange witnessed another bearish day on Thursday as the benchmark 100-index shed over 1,000 points to close below 39,000. After a brief open in the positive territory, the KSE-100 index tumbled to the intra-day low of 38,247 points as selling pressure drove the market down. Additionally, uncertainty about the government’s economic policies also dented sentiments. At ... Read More »

Pak rupee depreciates to Rs139.30 in open market

KARACHI: The Pakistani rupee on Thursday continued to depreciate against the US dollar both in interbank and open market. As per the local money market, the dollar added 45 paisas in interbank for buying at Rs138.25 and 65 paisas for selling at Rs138.75, while it gained 70 paisas in open market for buying at Rs138.70 and 50 paisas for selling ... Read More »

PSX lands in red after shedding 300pts

KARACHI: Pakistan Stock Exchange on Wednesday lost massive 880 points; however, it recovered most of them but finished in red after shedding 300 points. The index remained on a downward trajectory, hitting an intra-day low of 38,719.62 points. In the morning, trading activity began on a negative note and the market fell steadily till midday when it touched its lowest ... Read More »

Pak rupee depreciates against greenback

KARACHI: The Pakistani rupee on Wednesday depreciated against the US dollar in interbank. As per the local money market, the greenback picked up 60 paisas against the dollar in interbank for buying at Rs137.80 and it also rose by 70 for selling at Rs137.80. In open market, the dollar added 50 paisas for buying at Rs138 and lost 20 paisas ... Read More »

PSX closes buoyant after adding 442pts

KARACHI: The Pakistan Stock Exchange on Tuesday recovered partially from a significant drop of 1,355 points a day ago with the KSE-100 index gaining 442.27 points or 1.13% to settle at 39,602.87. The benchmark KSE-100 index recovered its early losses to close at 39,603 on the back of strong buying interest in financial stocks. United Bank Limited (+2.28%), Habib Bank ... Read More »

Pak rupee makes recovery in interbank, loses value in open market

KARACHI: The Pakistani rupee on Tuesday made recovery against the US dollar in interbank but lost value in open market. As per the local money market, the dollar lost 60 paisas in interbank for buying at Rs137.20 and for selling at Rs137.40, while it gained 50 paisas in open market for buying at Rs137.50 and for Re1 for selling at ... Read More »

Bloodbath at PSX as benchmark loses 1,400 points in intra-day trading

KARACHI: The KSE-100 index plummeted 1,400 points in intraday trading as the Pakistan Stock Exchange (PSX) opened on Monday. Trading opened at 40,496 points and dropped to 39,177 points within an hour ─ a change of 1,319 points ─ before further diving down to 39,090, down 1,406 points or 3.5 per cent. The fall comes after the State Bank of ... Read More »

PSX sheds another 142pts after huge rupee depreciation

KARACHI: The Pakistan Stock Exchange (PSX) on Friday closed negated after massive depreciation in currency market as the benchmark KSE 100-index shed 142.80 points to settle at 40,496.03. Pakistani currency depreciated by 7.50 per cent and reached Rs144 against dollar in the interbank market on Friday. The KSE 100 index touched an intraday high of 40,936.73 (up by 297.90 points) ... Read More »

100-Index lands in red as bears continue to dominate PSX

KARACHI: The Pakistan Stock Exchange (PSX) again closed bearish ash the benchmark 100-index lost 65.97 points to settle at 40,638.83. Traded volumes were below 100 million for the first time in last 39 sessions. This was only the third time in 5 months where traded volumes did not cross the 100 million mark. The KSE 100 touched its intraday high ... Read More »

Pak rupee depreciates by 10 paisas to Rs135.50

KARACHI: The Pakistani rupee on Thursday further depreciated against the US currency in open market and remained firm in interbank. As per local money market, the dollar added another 10 paisas in open market for buying at Rs135.10 and for selling at Rs135.50. In interbank, the greenback closed firm for buying at Rs133.70 and for selling at Rs133.90. On Wednesday, ... Read More »

PSX sheds 190pts over volatility

KARACHI: Opened on a positive note, the Pakistan Stock Exchange on Wednesday closed bearish as the benchmark 100-index recorded a decrease of 189.42 points or 0.46% to settle at 40,704.80. The KSE-100 also traded past the 41,000-mark in the early hours. However, the positivity was short-lived as selling pressure dragged the index into the negative territory. The index remained choppy ... Read More »

Pak rupee loses value against dollar

KARACHI: The Pakistani rupee on Wednesday weakened against the US dollar in open market and remained unchanged in interbank. As per local money market, the dollar added five paisas in cash-free market for buying at Rs135 and 10 paisas for selling at Rs135.40, while US currency closed unchanged in interbank for buying at Rs133.70 and for selling at Rs133.90. On ... Read More »

PSX witnesses mixed sentiments, ends positive

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed mixed sentiments throughout the trading session, but it ended the day positive with a rise of 123 points. Foreign investors continued off-loading on Monday with a net sale of $2.75 million. On the economic front, the State Bank of Pakistan said the Pakistani Rupee depreciated to Rs133.93/Rs134.11 against the US dollar ... Read More »

Pak rupee makes recovery in open market

KARACHI: The Pakistani rupee on Tuesday gained some value against the US dollar in open market and remained unchanged in interbank. As per local money market, the dollar lost five paisas in open market for buying at Rs134.95 and 10 paisas for selling at Rs135.50. In interbank, the greenback closed firm for buying at Rs133.70 and for selling at Rs133.90. ... Read More »

PSX closes negative on first trading day

KARACHI: The Pakistan Stock Exchange (PSX) on Monday witnessed a dull day as the benchmark KSE 100-index dropped 97.73 points to settle at 40,771.55. On the economic front, the budget deficit in the first quarter of the current fiscal year has expanded to Rs541.7 billion as compared to the gap of Rs433 billion in the same period last year. Meanwhile, ... Read More »

Pak rupee continues to bleed in open market

KARACHI: The Pakistani rupee on Monday continued to depreciate against the US dollar in open market and remained unchanged in interbank. As per local money market, the dollar added 20 paisas in cash-free market for buying at Rs135 and 30 paisas for selling at Rs135.60, while US currency closed unchanged in interbank for buying at Rs133.70 and for selling at ... Read More »