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Tag Archives: investment

Rupee continues to lose value against US dollar

KARACHI: US dollar strengthened against Pakistani rupee in inter-bank and open market on the first trading day of trading on Monday. As per details, US dollar strengthened 40 paisa to reach 102.9 in open market and 20 paisa to reach 102.4 in inter-bank market against Pakistani rupee. On last Friday, the US dollar strengthened 35 paisa to reach 102.5 in ... Read More »

Weekly review: KSE crosses 30,000 barrier despite sit-ins, floods

KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 531.08 points in weeklong trading as it opened at 29513.73 points on Monday and closed at 30044.89 points on Friday. The KSE witnessed bullish trend most of the days, despite month long sit-ins, protests, clashes and political unrest in the federal capital, and flood. The first day of trading, Monday, was ... Read More »

Closing: KSE firms gains, up 186 points

KARACHI: Karachi Stocks Exchange (KSE) 100-Index gained 186.52 points to reach 30044.89 mark on Friday as the opposition jirga, mediating between the government and PTI and PAT, presented “the best possible formula” to end the month-long political standoff. KSE 100-index opened at 29858.37 points and traded total share volume of 104,324,470 shares.The market opened on upward note and crossed the ... Read More »

Weekly review: Rupee sheds 50 paisa against dollar

LAHORE: The US dollar strengthened 50 paisa and 25 paisa in inter-bank and open markets respectively during the weeklong trading from Monday to Friday, as the deadlock between the negotiators — representing the government and Pakistan Tehreek-e-Insaf (PTI) over the resignation of Prime Minister Nawaz Sharif — continued during weeklong talks. The US dollar strengthened 20 paisa against Pakistani rupee ... Read More »

Rupee continues to lose value, sheds 40 paisas

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on last day of trading on Friday. As per details, the US dollar strengthened 35 paisas to reach 102.5 in open market and 40 paisas to reach 102.2 in inter-bank market against Pakistani rupee. On Thursday, however, Pakistani rupee weakened 15 paisas to reach 102.15 in open ... Read More »

Closing: KSE bounces back with 167 points

KARACHI: Karachi Stock Exchange (KSE) 100-Index gained 167.06 points to reach 29858.37 mark on Thursday as the negotiators of government, PTI and PAT hoped the resolution of political unrest soon. Political standoff in the capital has caused some fears among the investors while flood related apprehensions caused lacklustre activity at the bourse, as investors remained cautious to participate actively anticipating ... Read More »

US dollar consolidates against Pak rupee

KARACHI: The US dollar strengthened against Pakistani rupee in inter-bank and open market on Thursday. As per details, Pakistani rupee weakened 15 paisas to reach 102.15 in open market and 10 paisas to reach 101.8 in inter-bank against US dollar. On Wednesday, the US dollar weakened 10 paisa in inter-bank and open market to reach 101.7 and 102, respectively against ... Read More »

Economic diplomacy

LAHORE: The world scenario has been changing at a fast rate for the last few decades. Colonialism has ended but curse of poverty is haunting the mankind. The industrial revolution in 20th century pushed the colonial powers to pack up and leave behind a legacy of hunger, illiteracy and fierce political contentions in the lands of their subjects. But it ... Read More »

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 »

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 »

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 »

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 »