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Pak Rupee gains 7 paisa against dollar

pak rupee

KARACHI: The Pakistani currency appreciated against the U.S. dollar in the interbank market by 7 paisa and hit Rs156.25 during early trade hours on Thursday. In the previous two months, the local currency has significantly recovered against the greenback in both interbank and open markets; as the open market follows the similar trend – with slight fluctuations. Analysts fear that ... Read More »

Gold price reaches Rs87,200 per tola

gold jewelry

KARACHI: The gold prices on Wednesday decreased by Rs100 per tola and currently trading at Rs87200, according to media reports. The price of 10-gram gold also decreased by Rs86 and traded at Rs74,759. The price of silver remained stable and was traded at Rs1050 per tola while 10-gram silver also remained unchanged and was traded at Rs 900. In the ... Read More »

Pak Rupee gains 16 paisas against dollar

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KARACHI: The Pak Rupee gained 16 paisas against dollar on Wednesday owing to inflows of export receipts and workers’ remittances, dealers said. The rupee ended Rs156.32 to the dollar from previous day’s closing of Rs156.46 in interbank foreign exchange market. Currency dealers said that the market was opened on the higher demand for dollar. However, improved supply of dollar through ... Read More »

PSX gains 47 points in narrow band 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 stock exchange ended with gain of 47 points on Wednesday as market traded in narrow band. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,524 points as against 33,477 points showing an increase of +47 points. Analysts at Arif Habib Limited said that the market continued trading in a narrow band between +128 points and ... Read More »

Pak Rupee ends down by five paisas against dollar

pak rupee

KARACHI: The Pak Rupee ended down by five paisas against dollar on Tuesday in dull trading activities in foreign currency market. The rupee ended Rs156.46 to the dollar from previous day’s closing of Rs156.41 in interbank foreign exchange market. Currency dealers said that the market activities were remained dull as the exchange rate was remained in the band of eight ... Read More »

PSX again closes negative after losing 160.20 points

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KARACHI: Pakistan Stock Exchange (PSX) witnessed a negative trend on Tuesday as the benchmark KSE-100 index plunges 160.20 points and closed at 33476.62 points. The PSX registered negative trends at the start of trade today with the KSE-100 index showed a negative trajectory. On Monday, the Pakistan Stock Exchange registered a bullish trend as the KSE-100 index gained 603 points ... Read More »

KSE-100 gains another 603 points as rally continues

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

KARACHI: Stocks rallied on the first trading session of the week, as the indices continued to accumulate gains amid increased market participation. Foreign investors closed the previous week (September 30–October 4) as net sellers with an outflow of $4.70 million. The jump came despite the upcoming Financial Action Task Force (FATF) plenary meeting, which would give its decision on Pakistan’s ... Read More »

Rupee gains 13 paisas against US dollar

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KARACHI: The Pak Rupee gained 13 paisas against dollar owing to inflows of export receipts and remittances, dealers said on Monday. The rupee ended Rs156.41 to the dollar from last Friday’s closing of Rs156.54 in interbank foreign exchange market. The currency dealers said that the market opened with pressure on the local currency. However, inflows in the shape of export ... Read More »

PSX registers positive trends at the start of weekly trading

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KARACHI: The Pakistan stock exchange registered positive trends at the start of trade today with the KSE-100 index showed an upward trajectory, ARY News reported on Monday. First day of the business week, the 100 index saw an increase of 482 points. The growth was registered at 33, 516 points on the index table. Federal Minister for Economic Affairs, Hammad ... Read More »

Gold falls Rs200 per tola

gold jewelry

KARACHI: Gold rates in the local market decreased by Rs200 to Rs87,500 per tola on Saturday, according to media. Rate of 10 grams of the precious yellow metal saw a drop of Rs170 and was traded at Rs75,018. Per tola price of gold had edged up by Rs300 to Rs87,700 yesterday while that of 10 grams gold increased by Rs257 ... Read More »

Weekly review: KSE-100 index gained 962 points

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

KARACHI: During this week, all sessions of the Pakistan Stock Exchange (PSX) heralded positive sentiment but it is still anxiously waiting for some big development to keep ticking the index in green zone. Despite decline in international crude oil prices the Oil & Gas Exploration scrips resisted pressure. The overall positivity in the investment climate was complimented by jubilant volumes. ... Read More »

Gold edges up Rs300 per tola

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KARACHI: Gold rates in the local market edged up by Rs300 to Rs87,700 per tola on Friday. Price of 10 grams of the precious yellow metal saw an increase of Rs257 and was traded at Rs75,188. Meanwhile, gold also rose in the global market on growing fears of a global economic slowdown and rising expectations of more U.S. interest rate ... Read More »

PSX gains 281 points as bourse remains bullish

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KARACHI: Positive sentiments surrounded the Pakistan Stock Exchange (PSX) once again on Friday, as the indices, despite minor hiccups in the first half of the session, managed to close in the green zone. Foreign investors offloaded shares worth $6.09 million on Thursday. On the economic front, the government is projected to add Rs19.3 trillion to its public debt in the ... Read More »

PSX gains 389 points as COAS meeting boost confidence

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KARACHI: The stock market gained 389 points on Thursday as sentiments of business community were high after meeting with Chief of Army Staff (COAS). The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,752 points as against 32,363 points showing an increase of 389 points. Analysts at Arif Habib Limited said that the market stayed pumped up the ... Read More »

Gold moves up Rs900 per tola

GOLD JEWEL

KARACHI: Gold rates in the local market moved up by Rs900 to Rs87,400 per tola on Thursday, according to media. Rate of 10 grams of the yellow metal saw an increase of Rs772 and clocked in at Rs74,931. Meanwhile, Gold prices were little changed today in the global market, following a jump of more than 1% in the previous session, ... Read More »

PSX gains 109.03 points to close at 32,300 points

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  KARACHI: After a rocky start to the trading session, the Pakistan Stock Exchange (PSX) managed to land in the green zone on Wednesday. Foreign investors ended the first session of October (Tuesday) as net buyers with a net inflow of $0.482 million recorded. Declining by 0.23pc, the KSE-100 Index marked its intraday low of 32,180.71. It then recovered its ... Read More »

Gold down Rs900 per tola

GOLD JEWEL

KARACHI: Gold prices in the local market decreased by Rs900 to Rs86,000 per tola on Tuesday, according to media. Whereas, rate of 10 grams of the yellow metal dropped by Rs770 to Rs73,731. Meanwhile, Gold in the global market slid to its lowest in nearly two months as the dollar climbed to a multi-year peak on signs of strength in ... Read More »

Pak Rupee ends flat amid inflows

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KARACHI: The Pak Rupee ended flat against dollar on Tuesday despite inflows of remittances and export receipts. The rupee ended Rs156.36 to the dollar from previous day’s closing of Rs156.37 in interbank foreign exchange market. Currency dealers said that the foreign inflows appreciated the rupee value during the day. However, the higher demand offset the gains in the rupee value. ... Read More »

PSX gain 175 points amid high turnover

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) witnessed a positive start to the month, with the KSE-100 Index closing the session on Tuesday in the green zone amid high turnover. On the economic front, the government on Monday announced its decision to keep prices of petroleum products unchanged for October 2019. Working of the Oil and Gas Regulatory Authority (OGRA) shows ... Read More »

Gold falls Rs500 per tola

gold jewelry

KARACHI: Gold prices fell by Rs500 to Rs86,900 per tola in the local market on Monday. The rate of 10 grams of the precious yellow metal saw a drop of Rs429 and was traded at Rs74,502. Meanwhile, gold prices in the global market were weighed down by a robust dollar as fears of an escalation in the U.S.-China trade war ... Read More »