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Rupee ends stable in open market

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KARACHI: The Pak Rupee ended stable against dollar in the open market on Saturday owing to lower demand of foreign currency. The exchange rate was remained stable as buying and selling of dollar was recorded at Rs138.60/ Rs139.10. Currency experts said that the local currency would remain stable in coming days owing to hops of foreign investment with the visit ... Read More »

PSX ends down despite positive reports of 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: The equity market ended down on Friday despite positive reports of investments deals on visit of Saudi Crown Prince. The benchmark KSE-100 index closed at 40,486 points as against 40,507 points showing a decline of 20 points (-0.1 percent DoD). Analysts at Arif Habib Limited said that despite positive news flow from macro perspective such as visit of Saudi ... Read More »

Pak Rupee gains in early trading on Saudi investment expectations

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KARACHI: The Pak Rupee gained against dollar in early trading Friday owing to expectations of investment on visit of Saudi Crown Prince, which is scheduled on December 16, 2019. The dollar is being traded at Rs138.91 in interbank foreign exchange market. The exchange rate ended last day at Rs138.93 to the dollar. Currency experts said that the expected inflows under ... Read More »

KSE-100 index ends down on profit taking

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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down on Thursday owing to profit taking in various scrips. The index closed at 40,507 points as against 40,544 points showing a decline of 37 points. Yesterday’s buying activity in Cement Sector blue chips, like MLCF, FCCL, DGKC was faced with profit taking today and ended the session at ... Read More »

Rupee gains in early trading on investment announcement

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KARACHI; The Pak Rupee gained two paisas against US dollar in early day trading on Thursday on the announcement of huge investment by Saudi government. The dollar is being traded at Rs138.92 in interbank foreign exchange market. The rupee was closed at Rs138.94 to the dollar a day earlier in foreign currency market. Currency experts said that the local currency ... Read More »

Pak Rupee weakens by two paisas against US dollar

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KARACHI: The Pak Rupee ended down by two paisas against US dollar on Wednesday amid demand for import and corporate payments. The rupee ended at Rs138.94 to the dollar from previous day’s closing of Rs138.92 in interbank foreign exchange market. Market experts said that the traders were remained uncertain about future prospects. However, they are hopeful of foreign inflows due ... Read More »

PSX ends down as profit taking 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: The equity market witnessed continuation in yesterday’s profit taking on Wednesday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 40,544 points from previous day’s closing of 40.596 losing 52 points. Analysts at Arif Habib Limited said that the market opened on a positive note with +96 points carrying the optimism seen yesterday. During the session, the ... Read More »

Rupee maintains level against dollar in early trading

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KARACHI: The Pak Rupee has started the day by maintaining its value against dollar on Wednesday, dealers said. The dollar was being traded at Rs138.91. The interbank foreign exchange market was ended at Rs138.92 to the dollar a day earlier. Market experts said that the traders were remained uncertain about future prospects. However, they are hopeful of foreign inflows due ... Read More »

Gold prices hit all-time high at Rs68,150 per tola

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KARACHI: Gold prices hit an all-time high at Rs68,150 per tola (11.66 grams) in Pakistan on Tuesday, following an uptick in the global market in the wake of US government crisis. “Gold is moving on the higher side (in global markets) ahead of the end of a three-week deadline on Friday to end deadlock over the US funding bill and ... Read More »

KSE-100 index gains 270 points amid selling pressure

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 benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 270 points on Tuesday amid selling pressure. The index closed at 40,596 points as against 40,326 points showing an increase of 270 points. Analysts at Arif Habib Limited said that the market made an upward move today with an oscillation of around 370 points (+311 points and -58 points). ... Read More »

Rupee gains two paisas amid foreign inflow hopes

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KARACHI: Pak Rupee gained two paisas against US dollar on Tuesday as market anticipated foreign inflows. The rupee ended Rs138.92 to the dollar from previous day’s close of Rs138.94 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs138.90 and Rs138.95. The market recorded day high of Rs138.94 and low of Rs138.88 and ... Read More »

KSE-100 falls over 500 points despite foreign buying

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KARACHI: Bears dominated the stock market on Monday as the benchmark index fell for the fourth successive session, losing nearly 670 points in intra-day trading. It, however, recouped some of the losses later, but still ended the day deep in the red. The market opened upwards, but soon after selling pressure dragged the index into the negative territory. Investor sentiments ... Read More »

Chinese consortium devises strategy to transform PSX

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

KARACHI: A Chinese consortium, which bought 40% stake in the Pakistan Stock Exchange (PSX) about two years ago and lost almost half of the value to poor market performance, has devised a strategy to transform the bourse into a world-class capital market, which will automatically give a boost to the national economy. PSC Managing Director Richard Morin while talking to ... Read More »

Bourse drops 445 points as investors offload holdings

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 dominated trading at the stock market on Friday and the KSE-100 index dropped 445 points as investors were concerned whether the market would sustain the 40,000-point level. Following a brief open in the positive, investors resorted to profit-booking, resulting in a decline of nearly 500 points in the KSE-100 index at the end of first session. Volatility prevailed ... Read More »

BRINDEX-30 closed on lower side at 23,214.19 points with negative change

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KARACHI: BRINDEX-30 closed on the lower side on Thursday at 23,214.19 points with a negative change of -92.94 and volume of 83,433,200 shares. High and Low were 23,435.88 and 23,198.92 respectively. Of 30 companies traded, 12 were up, 18 were down and 0 was unchanged. Total volume traded in the market was 137,668,780 shares. Total companies traded were 361 of ... Read More »

Stocks lose 109 points on profit-taking

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KARACHI: After accumulating stocks for three consecutive sessions, investors decided to put off fresh buying and pocket profits on Wednesday. The KSE-100 Index shed 108.71 points (0.26 per cent) and closed at 41,505.68. The market got off to a weak start and remained volatile with the index touching intra-day high and low by 153 and 197 points respectively. Foreign investors ... Read More »

KSE-100 index ends three-day winning streak

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 endured a relatively volatile session as the index ended its three-day winning streak to close in the red. After a brief open in the positive, the KSE-100 index slipped as investors resorted to book profits owing as uncertainty drove sentiments. News reports of Finance Minister Asad Umar telling Prime Minister Imran Khan that the IMF deal ... Read More »

BRINDEX-39 closed on upper side at 23,494.41 points with positive change

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: BRINDEX-30 closed on the upper side on Monday at 23,494.41 points with a positive change of 401.22 and volume of 159,512,100 shares. High and Low were 23,551.94 and 23,085.77 respectively. Of 30 companies traded, 26 were up, 4 were down and 0 was unchanged. Total volume traded in the market was 254,108,750 shares. Total companies traded were 374 of ... Read More »

KSE-100 jumps 848 points, crosses 41,000 mark

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KARACHI: The KSE-100 index continued to go north in the outgoing week as bullish sentiments prevailed in the market for the fifth consecutive week. The index gained 847.93 points, or 2.11%, during the week, closing above the 41,000-point mark. Positive sentiments were witnessed as the State Bank of Pakistan’s (SBP) foreign currency reserves crossed the $8-billion mark after the arrival ... Read More »

BRINDEX-30 closed on upper side at 23,093.19 points with positive change

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KARACHI: BRINDEX-30 closed on the upper side on Friday at 23,093.19 points with a positive change of 180.96 and volume of 133,267,300 shares. High and Low were 23,199.84 and 22,912.23 respectively. Of 30 companies traded, 20 were up, 10 were down and 0 was unchanged. Total volume traded in the market was 228,920,690 shares. Total companies traded were 353 of ... Read More »