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PSX opens week on negative note

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KARACHI: The Pakistan Stock Exchange started new week on negative note as the benchmark KSE 100-share Index recorded a decrease of 84.85 points or 0.22% to settle at 38,345.42. Earlier, the KSE-100 index shot up as soon as the trading began, gaining over 340 points. However, soon after selling pressure dragged the index down as fertiliser, oil and gas exploration ... Read More »

Pak rupee strengthens in interbank, depreciates in open market

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KARACHI: The Pakistani rupee on Monday witnessed a mix trend against the US currency both in open market and interbank. As per the local money market, the dollar gained 10 paisas in open market for buying at Rs133.40 and for selling at Rs135. The dollar lost 10 paisas in interbank for buying at Rs133.40 and for selling at Rs133.60. On ... Read More »

PSX closes week on positive note with 448pts gain

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KARACHI: The Pakistan Stock Exchange on Friday continued to close positive as the benchmark KSE 100-share Index recorded an increase of 448.02 points or 1.18% to settle at 38,430.27. The bourse soared past 38,400 points with partial recovery in stocks from the hefty decline in the past few sessions due to tensions on the political front and lack of clarity ... Read More »

Pak rupee strengthens in open market

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KARACHI: The Pakistani rupee on Friday further depreciated against the US currency both in open market and interbank. As per the local money market, the greenback lost 20 paisas in the open market for buying at Rs133.80 and for selling at Rs134.80. The dollar remained firm in interbank for buying at Rs 133.50 and for selling at Rs 133.70. On ... Read More »

PSX adds another 335pts as upward trajectory continues

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KARACHI: The Pakistan Stock Exchange on Thursday continued its upward trajectory and ended day on positive note. The KSE 100 share index was up by 541.82 points to reach intraday high of 38,189.16. The index settled with an appreciation of 334.91 points at 37,982.25. The KMI 30 index inched up by 1.27 per cent and closed the day at 64,899.83 ... Read More »

Pak rupee further weakens in open market

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KARACHI: The Pakistani rupee on Wednesday further depreciated against the US currency both in open market and interbank. As per the local money market, the dollar gained 50 paisas in open market for buying at Rs134 and 25 paisas for selling at Rs135. The dollar closed unchanged in interbank for buying at Rs 133.50 and for selling at Rs133.70. On ... Read More »

PSX recoups 984 points to close at 37,647

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KARACHI: The Pakistan Stock Exchange on Wednesday bounced back as the benchmark KSE 100-share Index recorded an increase of 983.96 points or 2.68% to settle at 37,647.34. The KSE-100 index shot up from the moment trading began, gaining over 2% to power past the 37,600-point mark. Investors picked up stocks at attractive valuations as the index was at a 28-month ... Read More »

Pak rupee depreciates against dollar to Rs134.75

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KARACHI: The Pakistani rupee on Wednesday further depreciated against the US currency both in open market and interbank. As per the local money market, the greenback added 50 paisas in the open market for buying at Rs133.50 and 15 paisas for selling at Rs134.75. The dollar also gained 70 paisas in interbank for buying at Rs 133.50 and for selling ... Read More »

PSX loses early gains, closes negative

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KARACHI: Opened on positive note, the Pakistan Stock Exchange on Tuesday closed negative as the benchmark KSE 100-share Index recorded a decrease of 104.19 points or 0.28% to settle at 36,663.38. The KSE-100 index fell in a volatile trading session despite hitting a high of 571 points in early hours. The PSX benchmark index showed wide swings with intra-day movement ... Read More »

Pak rupee by Re1 to Rs134.60 in open market

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KARACHI: The Pakistani rupee on Tuesday further depreciated against the US currency in open market. As per the local money market, the dollar gained Re1 in open market for buying at Rs133 and for selling at Rs134.60. The dollar added 60 paisas in interbank for buying at Rs 132.80 and lost 40 paisas for selling at Rs133. On Monday, the ... Read More »

PSX touches 2-year low as 100-index sheds 750pts to settle at 36,767

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KARACHI: The Pakistan Stock Exchange on Monday closed down 2 percent after briefly hitting a two-year low as the benchmark 100-share index lost 750.36 point to close at 36,767.57, down 2 percent. The KSE has shed 10 percent since October 1 on worries over dwindling foreign reserves and a currency devaluation in response to a ballooning current account deficit. The ... Read More »

Pak rupee closes at Rs133.60 in open market

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KARACHI: The Pakistani rupee on Monday depreciated against the US currency in open market and remained firm in interbank. As per the local money market, the greenback added Re1 in the open market for buying at Rs132 and 85 paisas for selling at Rs133.60. The dollar closed at Rs 133.20 for buying and Rs 133.40 for selling with no change ... Read More »

PSX loses massive 880pts to close at 37,518

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KARACHI: The Pakistan Stock Exchange witnessed another bearish day on Friday as the KSE-100 index shed 880.37 points or 2.29% to settle at 37,517.93. The stock market plunged over 950 points in intra-day trading, slipping below the 37,500 mark. Market participants reacted to a sharp dip in the foreign currency reserves held by the central bank, which slipped another $101 ... Read More »

Pak rupee makes recovery in interbank

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KARACHI: The Pakistani rupee on Friday made recovery against the US currency both in open market and interbank. As per the local money market, the dollar lost Re1 in open market for buying at Rs131 and added 55 paisas for selling at Rs132.75. The dollar shed 40 paisas in interbank for buying at Rs 131.80 and for selling at Rs132. ... Read More »

PSX adds 287pts despite volatility

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KARACHI: The Pakistan Stock Exchange benchmark KSE 100-share Index on Wednesday closed positive after adding 287.25 points or 0.75% to settle at 38,792.09. The rise came due to emergence of clarity on Pakistan’s economic front which aided investor sentiments. In the morning, the market opened on a positive note, but selling pressure dragged it down soon. Still, the market managed ... Read More »

Pak rupee further depreciates against dollar

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KARACHI: The Pakistani rupee on Wednesday further lost value against the US currency both in open market and interbank. As per the local money market, the dollar added Rs1 in open market for buying at Rs133.50 and Rs1.50 for selling at Rs135.50. The dollar also gained five paisas in interbank for buying at Rs 133.20 and 35 paisas for selling ... Read More »

Pak rupee could touch Rs155 against dollar

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KARACHI: The Pak rupee could touch the lowest value of Rs155 against dollar as the IMF has also recommended depreciating local currency to Rs145. The rupee which closed trading at Rs124.27 on Monday shot up to Rs134 on Tuesday in the interbank market before touching a record high of Rs139 before falling to Rs134 against the greenback. Sources revealed that ... Read More »

PSX bids to recoup previous day’s losses; adds 606pts

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KARACHI: The Pakistan Stock Exchange’s benchmark KSE-100 Index on Tuesday recouped some of its losses from the previous day and marked its first positive close in seven sessions after gaining 606 points (1.6 per cent) to end slightly above the 38,500 barrier. Trading started on a strongly positive note, with the index shooting straight up in the first half hour ... Read More »

Dollar rises by Rs9.74 to touch Rs 134 mark as PTI govt decides to approach IMF

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KARACHI: Dollar rate in interbank market on Tuesday increased by Rs9.74 to hit the mark of Rs134. The rate soared by Rs 9.75 at start of the trading today and the market was closed at Rs 124.25 on Monday. Analysts said uncertainty regarding financial position of the country led to the freefall of the dollar. After this sharp increase in ... Read More »

PSX bleeds as KSE-100 Index drops over 1,300pts to 10-month low

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KARACHI: The Pakistan Stock Exchange on Monday nosedived to a 10-month low as political and economic uncertainty drove investor sentiment, leading to panic selling. The benchmark KSE-100 Share index plunged 3.39% to below 38,000 points after shedding 1,328 points. This was the largest single-day fall in the last 14 months, dragging the index down to its lowest level in 10 ... Read More »