Tuesday , February 25 2020
Breaking News
Home / Markets (page 30)

Markets

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Stock market remains flat on lack of investors’ interest

KARACHI: The stock market ended flat on Friday as lack of interest by investors in blue chips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,521 points against 37,516 points showing an increase of 5 points. Analysts at Arif Habib Limited said that after yesterday’s slide of around 500 points, the 100 index traded did slip another ... Read More »

Rupee value to strengthen in coming days: SBP

KARACHI: State Bank of Pakistan (SBP) has said that the rupee value to stabilize as large payment was made last week. Talking to representatives of Forex Association of Pakistan (FAP) on Thursday, Executive Director of SBP Syed Irfan Ali Shah said that last week large payments made last week and now the local currency would not devalue further, said a ... Read More »

Equity market declines by 507 points on selling pressure

KARACHI: The equity market declined by 507 points on Wednesday due to selling pressure. The benchmark KSE-100 index closed at 37,516 points as against 38,023 points showing a decline of 507 points. Analysts at Arif Habib Limited said that the market took a nose-dive today with 100 index touching a low of 610 points and closed heavy red. Selling was ... Read More »

Rupee maintains level in early trade

KARACHI: The Pak Rupee maintained level against the dollar in early trade on Wednesday. The dollar is being traded at Rs141.40 in interbank foreign exchange market. The foreign currency market ended last at the same level. The rupee was falling for the last many days following reports of new IMF loan.   Read More »

Gold touches new peak at Rs72,200 per tola

KARACHI: Gold hit a new all-time high at Rs72,200 per tola (11.66 grams) in Pakistan after jewellers included the impact of a fresh drop in the rupee’s value in retail price of the precious metal on Wednesday. All Sindh Saraf and Jewellers Association (ASSJA) announced a hike of Rs1,000 per tola to Rs72,200 following an increase of $3 per ounce ... Read More »

KSE-100 index declines by 13 points in narrow band trading

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down by 13 points on Wednesday as market traded in narrow band. The index closed at 38,023 points as against 38,023 points showing a decline of 13 points. Analysts at Arif Habib Limited said that the market traded in a narrow band. After an initial increase of 83 points, ... Read More »

Pak Rupee ends down by 30 paisas against dollar

KARACHI: The Pak Rupee depreciated by 30 paisas against dollar on Wednesday owing to reports of IMF conditionalities for new loan program. The rupee ended down by 30 paisas to close at Rs141.40 to the dollar from previous day’s close of Rs141.10 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.20 and ... Read More »

Gold hits fresh peak of Rs71,200 per tola

KARACHI: Domestic gold rate on Wednesday hit an all-time high peak of Rs71,200 per tola and Rs61,043 per 10-gram, up by Rs500 and Rs429, respectively, from Monday. In the afternoon, All Sindh Sarafa Jewellers Association (ASSJA) had first issued the rate of Rs70,700 per tola and Rs60,614 per 10-gram, a jump of Rs150 and Rs129 over the previous day. The ... Read More »

Pak Rupee falls by 26 paisas in mid-day trading

KARACHI: The rupee depreciated by 26 paisas against dollar on Wednesday owing to hike in policy rate and petroleum products. The dollar is being traded at Rs 141.36 in mid-day trade in inter-bank foreign exchange market. The foreign currency market ended last day at Rs 141.10 to the dollar. Read More »

Pak Rupee ends down by 21 paisas in interbank

KARACHI: The rupee depreciated by 21 paisas against dollar on Tuesday owing to hike in policy rate and petroleum products. The rupee ended Rs141.10 to the dollar from last Friday’s close of Rs140.89 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.90 and Rs140.95. The market recorded day high of Rs141.10 and ... Read More »

KSE-100 loses 319 points, dented by five-year high inflation

KARACHI: The stock market closed lower on Tuesday in the wake of ongoing talks with the International Monetary Fund (IMF) for a bailout package and dismal data on inflation, which was recorded at 9.41% in March 2019 on a year-on-year basis. The KSE-100 index went down after making gains of 203 points in the beginning and lost 356 points by ... Read More »

Pak Rupee falls to Rs141.05 against dollar in interbank early trade

KARACHI: The Pak Rupee depreciates by 16 paisas against US dollar in early trade on Tuesday owing to reports of IMF conditionalities for new loan program. The dollar is being traded at Rs141.05 in interbank foreign exchange market. The foreign currency market was closed yesterday at Rs140.89 to the dollar. The local currency was showing declining trend since last week ... Read More »

Equity market falls by 295 points on policy rate hike

KARACHI: The equity market fell by 295 points on Monday owing to hike in discount rate by 50 basis points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,355 points as against 38,650 points showing a decline of 295 points. Analysts at Arif Habib Limited said that the market dipped today on the back of recent rate ... Read More »

US dollar closes at Rs140.89 in interbank

KARACHI: The exchange rate of US dollar increased by Rs0.11 in inter-bank and traded at Rs140.89 against Rs140.78, State Bank of Pakistan (SBP) reported on Monday. However, according to Forex Association of Pakistan, the open market rate of US Dollar closed at Rs142.70. The SBP reported that in inter-bank the price of Euro increased by Rs0.37 after which it was ... Read More »

Pak Rupee falls by 7 paisas in early trade

KARACHI: The Pak Rupee fell by seven paisas against dollar in early trade on Monday. The dollar is being traded at Rs140.85 in interbank foreign exchange market. The foreign currency market was ended at Rs140.78 on last Friday. Currency experts said the rupee was sliding due to ongoing discussions with IMF for new loan program. Interbank foreign exchange market Pak ... Read More »

Pak Rupee falls by 70 paisas against dollar in open market

KARACHI: The Pak Rupee fell by 70 paisas against dollar on Saturday owing to demand in the open market. The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s close of Rs141.30/Rs141.80 in cash ready market. The rupee depreciated during the past two days owing to enhancing key policy rate and the intention shown by the government ... Read More »

Stock market likely to remain range bound during upcoming week

KARACHI: The stock market likely to remain range bound in the upcoming week amid lack of triggers. Analysts at Arif Habib Limited said that with the State Bank of Pakistan raising the key discount rate by 50 bps, leveraged sectors such as cements, steel, fertilizers, OMCs and textiles may come under pressure while banks could support the index. The market ... Read More »

Pakistan Stock Exchange ends week on a positive, gains 96.69 points

KARACHI: After a negative session on Thursday the Pakistan Stock Exchange (PSX) was back on track on Friday, ending the last session of the week in green settling higher by 96.39 points at 38649.34.. Indices closed positive after oscillating in both directions. Foreign investors closed as net buyers on Thursday with a net inflow of US$ 2.12 million. Pakistan is ... Read More »

Pak Rupee falls by 41 paisas against dollar in early trade

KARACHI: The Pak Rupee witnessed massive fall of 41 paisas against US dollar in early trade on Friday. The dollar is being traded at Rs140.70 in Interbank Foreign Exchange Market. The foreign currency market ended yesterday at Rs140.29 to the dollar. Currency experts said the higher demand for import and corporate demand escalated the rupee value. The experts said that ... Read More »

PSX fails to sustain gains, sheds 412 points

KARACHI: The Pakistan Stock Exchange (PSX) failed to sustain gains accumulated in the last session and closed Thursday’s session in the red zone. Explaining the sudden rise and fall in the market, an analyst said perhaps yesterday’s index breakout was due to pre-emptive buying amid increasing expectations of a breakthrough with International Monetary Fund (IMF) by the mid of next ... Read More »