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PSX adds 574pts as SBP receives $1b Saudi tranche

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KARACHI: The Pakistan Stock Exchange (PSX) gained over 570 points before closing after State Bank of Pakistan (SBP) received second tranche of $1 billion from Saudi Arabia on Friday. Furthermore, the Asian Development Bank (ADB) has planned to provide support to Pakistan by lending $7.528b for various development projects during the next three years. The KSE 100 index benchmark reached ... Read More »

Pak rupee recovers against greenback

Pak rupee 3

KARACHI: The Pakistani rupee on Friday recovered against the US dollar both in open market and interbank. As per the local money market, the US currency lost 10 paisas in interbank for buying at Rs138.50 and for selling at Rs139, while it shed 25 paisas in open market for buying at Rs139.50 and for selling at Rs140. On Thursday, the ... Read More »

PSX drops 296pts to close at 38,011

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KARACHI: The Pakistan Stock Exchange (PSX) on Thursday witnessed another dull session and landed in red. Indices started the session with positivity and the KSE 100 index accumulated 157.35 points to reach its day’s high of 38,464.79. It then dropped by 540.43 points or 1.43pc to touch its day’s low of 37,767.01. After recovering a little, the index settled lower ... Read More »

Pak rupee depreciates to Rs140.25

pak rupee

KARACHI: The Pakistani rupee on Thursday depreciated against the US dollar both in open market and interbank. As per the local money market, the greenback gained 10 paisas in interbank for buying at Rs138.60 and for selling at Rs139.10. In open market, the dollar added 75 paisas for buying at Rs139.75 and for selling at Rs140.25. On Wednesday, the US ... Read More »

PSX drops another 544pts as losing spree continues

KSE 1

KARACHI: The Pakistan Stock Exchange (PSX) again closed negative as the bear-run continued on Wednesday. The KSE 100 index drove in reverse gear right from the word go, reaching its day’s low of 38,130.07 (down by 1.89pc or 721.89 points). Failing to settle positive, it closed lower by 544.52points at 38,307.44. The KMI 30 index declined by 729.99 points or ... Read More »

Pak rupee continues recovery

Pak rupee

KARACHI: The Pakistani rupee on Wednesday gained value against the US dollar both in open market and closed unchanged in interbank. As per the local money market, the US currency closed firm in interbank for buying at Rs138.50 and for selling at Rs139, while it lost 20 paisas in open market for buying at Rs139 and for selling at Rs139.50. ... Read More »

PSX sheds 447pts to close at 38,852

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KARACHI: Started on positive note, the Pakistan Stock Exchange (PSX) witnessed a bearish session later as the benchmark 100-index lost 447.67 points or 1.28pc to settle at 38,851.96 on Tuesday. The KMI 30 index declined by 875.21 points and ended at 65,548.16, while the KSE All Share index fell short by 241.52 points, settling at 28,551.59. The advancers to decliners ... Read More »

Pak rupee makes recover against dollar

Pak rupee 2

KARACHI: The Pakistani rupee on Tuesday made recovery against the US dollar both in open market and closed firm in interbank. As per the local money market, the greenback closed unchanged in interbank for buying at Rs138.50 and for selling at Rs139. In open market, the dollar lost 20 paisas for buying at Rs139.20 and for selling at Rs139.70. On ... Read More »

PSX recovers another 738pts to settle at 39,300

KSE 2

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

Pak rupee 2

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

PSX, KSE

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

pak rupee 3

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

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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

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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

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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

Pak rupee

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

KSE

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

Pak rupee 3

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

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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

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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 »