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PSX drops over 200 points

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index maintained its downward slide for the second successive session on Monday. In the morning, trading began on a negative note, with the index sliding over 240 points in intra-day trading. It remained under pressure amid brief bouts of buying. Overall investors continued to book profits and volumes stood low. At close, the ... Read More »

Pak rupee closes firm against dollar

pak rupee

KARACHI: The Pakistani rupee on Monday made recovery against dollar in interbank and closed firm against dollar in open market. As per the local money market, the dollar dropped 10 paisas in interbank for buying at Rs123.9 and for selling Rs124.10. In open market, the greenback remained firm to close at Rs 122 for buying and Rs124 for selling. On ... Read More »

PSX ends week in red, sheds 82pts

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index failed on Friday to sustain the moderate gains made on the previous day and closed lower in range bound trading. The day kicked off on a positive note when the index climbed in the initial hour, but the gains proved short-lived and uncertainty soon enveloped the market. In the meantime, the index ... Read More »

Pak rupee reaches Rs124 in open market

Pak rupee

KARACHI: The Pakistani rupee on Friday made recover against dollar and also closed firm against dollar in interbank. As per the local money market, the US currency closed lower in open market for buying at Rs121 and for selling at Rs124, while it remained firm in interbank at Rs 124 for buying and Rs 124.20 for selling. On Thursday, the ... Read More »

PSX closes near 43,000pts level

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 recouped on Thursday as investors scrambled to pick blue chips in late trading that helped the benchmark index close in the green, just a few points shy of 43,000. At close, the KSE 100-share Index recorded an increase of 192.09 points or 0.45% to settle at 42,923.95. The cement sector regained momentum with Lucky Cement ... Read More »

Pak rupee closes firm against dollar in interbank

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KARACHI: The Pakistani rupee on Thursday closed firm against dollar in interbank, while it depreciated in open market. As per the local money market, the dollar remained firm in interbank at Rs 124 for buying and Rs 124.20 for selling. In open market, the greenback gained 35 paisas to close at Rs 122.50 for buying and Rs124.25 for selling. On ... Read More »

PSX closes flat after witnessing volatility

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index closed almost flat after witnessing massive volatility in a see-saw session on Wednesday. The day opened on a positive note, but uncertainty soon prevailed and the index kept moving between green and red zones for the entire day. It crossed 42,800 points multiple times, but failed to sustain the gains. Despite the ... Read More »

Pak rupee depreciates in open market

Pak rupee 3

KARACHI: The Pakistani rupee on Wednesday depreciated against dollar in open market and remained firm in interbank. As per the local money market, the US currency gained 50 paisas in open market for buying at Rs122.50 and for selling at Rs123.90, while it remained firm in interbank at Rs 124 for buying and Rs 124.20 for selling. On Wednesday, the ... Read More »

PSX closes negative at 42,760pts

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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday was down by 48.53 points to settle at 42,760.13. The session started on a positive note but soon indices crumbled and took the opposite path ending the day in the red. The KSE-100 index touched intraday high of 42,993.18 after gaining 184.52 points. Soon it rebounded and touched intraday low of 42,705.04 ... Read More »

Pak rupee depreciates by 10 paisas in interbank

Pak rupee 3

KARACHI: The Pakistani rupee on Tuesday depreciated against dollar in interbank and strengthened in open market. As per the local money market, the dollar gained 10 paisas in interbank to close at Rs 124 for buying and Rs 124.20 for selling. In open market, the greenback lost 50 paisas to close at Rs 122 for buying and Rs124 for selling. ... Read More »

PSX adds another 304pts to settle at 42,808.66

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KARACHI: The Pakistan Stock Exchange benchmark KSE 100-share Index recorded an increase of 303.61 points or 0.71% to settle at 42,808.66. Earlier, the index opened on a positive note, but dipped soon after. However, the trend reversed as investor interest drove the market up. Engro Corp (+2.5%), Lucky Cement (+2.6%) and Dawood Hercules (+3.1%) stood out as top contributors to ... Read More »

Pak rupee closes firm in interbank

Pak rupee 2

KARACHI: The Pakistani rupee Monday depreciated against dollar in open market and remained unchanged in interbank. As per the local money market, the US currency gained 50 paisas in open market for buying at Rs123 and for selling at Rs124.50, while it remained firm in interbank at Rs 123.90 for buying and Rs 124.10 for selling. The greenback closed on ... Read More »

PSX gains 175pts in range-bound trading

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 Pakistan Stock Exchange benchmark KSE-100 index gained 175 points in range-bound trading on Friday, driven by exploration and production and financial stocks. In the morning, the market kicked off on a negative note and fell over 200 points in initial trading. However, heavy buying by investors in selective stocks pushed the benchmark index above 42,500 points. There were ... Read More »

PSX falls in red with benchmark KSE-100 index losing 480 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: The Pakistan Stock Exchange (PSX) landed in the red on Thursday with the benchmark KSE-100 index losing 480 points to close at 42,330 points. The index opened higher and peaked at 42,976 points before beginning to lose points and hit the day’s low of 42,286 points towards the session’s close. In all, 284.5 million shares worth Rs11.4 billion were ... Read More »

PSX adds another 770pts as upward trajectory continues

PSX, KSE

KARACHI: The Pakistan Stock Exchange (PSX) added another 770 points to close at 43,557 points. The index opened higher and continued on an upward trend throughout the session as positive news of the rupee gaining ground against US dollar came in. Volumes grew to 377.9 million shares in the day as traded value touched Rs15bn. Of the 373 scrips traded, ... Read More »

Dollar comes down to Rs 122 as China lends $2b to Pakistan

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KARACHI: The dollar shed it value by Rs5.86 against rupee in the interbank market on Monday as China granted a $2-billion loan to Pakistan. Sources said Pakistan has received $1 billion from China. The remaining $1 billion is expected in the coming week. This has brought the value of dollar down from Rs127.86 to Rs122. According to sources in the ... Read More »

Dollar drops to Rs124 after successful democratic transition

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KARACHI: The US currency on Saturday fell by Rs 4 in the open market to reach Rs 124, said Currency Exchange Association. End of political uncertainty following polls was attributed as the main factor in the significant drop in the greenback’s price, which had soared as high as Rs 130 in the past week. According to the association, the dollar ... Read More »

PSX adds another 697 points on last day of week

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KARACHI: The Pakistan Stock Exchange continued to enjoy a bull run on Friday with the KSE-100 Index climbing another 697.29 points or 1.66% to settle at 42,786.45, as investors cheered the outcome of the country’s 11th general elections. The winning streak, which started on Tuesday, has now stretched across three sessions, cumulatively adding 5.74% to the index that bore the ... Read More »

Pak rupee recovers by Rs2.30 against dollar

Pak rupee

KARACHI: The Pakistani rupee on Friday recovered against the US dollar both in open market and interbank. As per the local money market, the dollar lost Rs2.30 in open market for buying at Rs127.30 and for selling at Rs128.30, while the dollar recovered 40 paisas in interbank for buying at Rs128 and for selling at Rs128.20. On Thursday, the dollar ... Read More »

PSX gains 749pts as investors rejoice at PTI’s victory

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KARACHI: The Pakistan Stock Exchange witnessed a bullish trend on Thursday as Investors rejoiced at Pakistan’s 11th general elections and Pakistan Tehreek-e-Insaf’s (PTI) victory. The Pakistan Stock Exchange saw a significant increase in activity during afternoon trading, a day after the country voted for its second consecutive democratic transfer of power, as the benchmark KSE-100 index gained 749 points to ... Read More »