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Pak Rupee ends down 20 paisas in open market

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KARACHI: The Pak Rupee ended down by 20 paisas in open market on Saturday owing to recent changes in the federal cabinet. The buying and selling of dollar was recorded at Rs142.00/Rs142.50 from previous day’s closing of Rs142.00/Rs142.50 in cash ready market. The local unit lost 50 paisas against the greenback during the last two days. Currency dealers said that ... Read More »

PSX, VIS & PCIC holds seminar to promote cross border investments

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: VIS Credit Rating Company (VIS) in collaboration with Pakistan Stock Exchange Limited (PSX) and Pak China Investment Company Limited (PCIC) organized an event on Saturday to celebrate collaboration between VIS and China Chengxin International Credit Rating Company Limited (CCXI). The theme of the event was to facilitate cross border investments into Pakistan and promote informed investment decision making along ... Read More »

PSX gains 481 points after resignation of finance minister

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KARACHI: The stock exchange on Friday welcomed the resignation of Asad Umar from the post of finance minister by gaining 481 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,292 points as against 36,811 points showing an increase of 481 points (+1.3 percent DoD). Analysts at Arif Habib Limited said that resignation of the finance minister ... Read More »

Pak Rupee maintains level amid reshuffle in cabinet

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KARACHI: The rupee maintained level against dollar for the fifth consecutive day on Friday amid reshuffle in the federal cabinet. The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low ... Read More »

Pakistan Stock Exchange closes positive after volatile trading

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange (PSX) started the day on a bullish note, largely due to clarification from the central bank that the proposal to introduce the Treasury Single Account (TSA) is being examined as part of the government’s agenda to reform public financial management and that no decision has yet been made to implement it. The 100 Index, however, ... Read More »

Pak Rupee remains flat against dollar

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KARACHI: The Pak Rupee remained unchanged against dollar on Thursday amid lackluster trading activities. The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low of Rs141.40 and closed at ... Read More »

KSE-100 sheds over 600 points

A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

KARACHI: Bears of Pakistan Stock Exchange (PSX) were again successful in capturing the market, as the indices bled for the most part of Wednesday. A lack of clarity on the economic front and expected reforms under the umbrella of the International Monetary Fund (IMF) kept the investor confidence low. Meanwhile, foreign investors took a U-turn after four sessions and closed ... Read More »

Pak Rupee ends firmer on lower dollar demand for imports

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KARACHI: The Pak Rupee ended firmer against dollar on Wednesday amid static demand for import and corporate payments. The rupee ended Rs141.40 to the dollar, the same previous day’s level, in interbank foreign exchange market.  The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded day high of Rs141.40 and low of Rs141.39 ... Read More »

PSX ends down by 122 points on profit taking

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KARACHI: The stock market ended down by 122 points on Tuesday following profit taking during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,382 points as against 37,504 points showing a decline of 122 points. Analysts at Arif Habib Limited said that the market saw attrition of 91 points (unadjusted) by session’s end, where the ... Read More »

Pak Rupee ends unchanged against dollar

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KARACHI: The Pak Rupee ended unchanged against dollar in interbank foreign exchange market on Tuesday amid lackluster trading. The rupee ended Rs141.40 to the dollar, the same previous day’s closing level, in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs 141.39 and Rs141.40. The market recorded day high of Rs141.40 and low ... Read More »

Equity market gains 166 points in mixed trading

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The equity market gained 166 points on Monday in mixed trading sessions. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,504 points as against 37,338 points showing an increase of 166 points. Analysts at Arif Habib Limited said that the market continued the trend showed last week with an upward move of 361 points during the ... Read More »

FATF asks Pakistan to document, regulate gold markets

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ISLAMABAD: The Financial Action Task Force (FATF) has asked Pakistan to track, document, and regulate all gold markets in a bid to crackdown against terror financing. The watchdog has sent a new list of recommendations to the finance ministry that requires the documentation of all Sarafa (gold) markets and the purchase and sale of gold in the country. FATF has ... Read More »

Pak Rupee gains four paisas against dollar in early trade

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KARACHI: The Pak Rupee gained 4 paisas against dollar in early trade on Monday owing to narrowing trade deficit during first nine months in the current fiscal year. The dollar is being traded at Rs141.35 to the dollar in interbank foreign exchange market. The foreign current market was ended at Rs141.39 to the dollar on last Friday. The trade deficit ... Read More »

Stock market likely to perform better due to amnesty scheme, IMF talks

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The stock market likely to perform better during next week owing to launching of new amnesty scheme and progress on IMF bailout package. Analysts at Arif Habib Limited said that the market to turn positive in upcoming days with triggers including amnesty announcement and agreement with the IMF (principal agreement has been reached but staff level arrangement remains pending).  ... Read More »

Pakistan Stock Exchange gains 550 points as investor confidence improves

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KARACHI: After few early bumps, the Pakistan Stock Exchange managed to stand its ground to end the last session of the week with gains. Foreign investors continued to offload stocks worth $2.28 million on Thursday. The positivity came on a media report that the policy board has decided to formulate a stock market fund to boost the investors’ confidence. The ... Read More »

KSE-100 manages to close in green despite early tremors

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: After taking a hammering in the previous session, the Pakistan Stock Exchange (PSX) managed to close Thursday’s session in the green. Foreign investors offloaded stocks worth $2.07 million in the preceding session after the International Monetary Fund (IMF) forecasts. According to the latest data released by Pakistan Bureau of Statistics, the country’s trade deficit declined by 13pc from July ... Read More »

Meltdown continues as KSE-Index sinks to three-year low

A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

KARACHI: The stock market is in the third year of losses as the prices of shares all across the board fall like ninepins. On Wednesday, the meltdown continued with the KSE-Index sinking by 550 points, dragging the index to settle at the end of day’s trading at three-year low 36,579 points. From its peak on May 25, 2017 at 53,124 ... Read More »

Pak Rupee gains 4 paisas in early trade

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KARACHI: The Pak Rupee gained 4 paisas against dollar in early day trading on Thursday after the reports of significant fall in import bill in March 2019. The dollar is being traded at Rs141.34 to the dollar in interbank foreign exchange market. The foreign currency market was ended at Rs141.38 to the dollar. The import bill has been declined by ... Read More »

Pakistan Stock Exchange sheds 550 points amid fears of economic slowdown

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KARACHI: The Pakistan Stock Exchange (PSX), following a weak start, caved into selling pressure on Wednesday, as yesterday’s relief rally failed to carry on amid severe economic concerns. As per the latest report published by International Monetary Fund (IMF), Pakistan’s economic growth rate is predicted at 2.9pc for the year ending 30th June. Moreover, the report stated that the country’s ... Read More »

Pak Rupee makes gain against dollar

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KARACHI: The Pak Rupee made slight gain against dollar on Wednesday amid lower demand for import and corporate payments. The rupee ended Rs141.38 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and 141.40. The market recorded day high of Rs141.39 and low ... Read More »