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Three-week winning streak at stock market snapped

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 snapped three-week winning streak triggered by the smooth transition of power to the caretaker government that led to create confidence in the minds of the investors over the holding of timely polls on July 25. But in the outgoing week, some other developments put the political issues on the back-burner as KSE-100 index declined by 267 points (0.61 per ... Read More »

PSX closes positive before Eid as foreign investors turn net buyers

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) continued its positive trend on Thursday with the benchmark KSE-100 index gaining 173 points to close at 43,681 points. The benchmark index touched the day’s low of 43,459 mid-session but came back hit the day’s high of 43,731 points. Over 117.5 million shares worth Rs6.5 billion were shared at the exchange. Of the 313 ... Read More »

Dollar reaches highest level of Rs123 in open market

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KARACHI: The US dollar on Thursday touched the highest ever level of Rs123 in open market and also depreciated in interbank on Wednesday. As per the local money market, the greenback added Rs1.95 in open market for buying at Rs122.50 and for selling at Rs123.05, while it also gained five paisas in interbank for buying at Rs119.90 and for selling ... Read More »

PSX lands in green with 279pts gains

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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday closed green after a see-saw session with the benchmark KSE-100 index gaining 279 points to close at 43,508 points. The index opened higher and traded in the positive zone for most part of the day with a few ups and down. Volumes fell to 111.9 million shares while value stood at Rs5.7 ... Read More »

Dollar hits another high of Rs121.10 in open market

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KARACHI: The US dollar hit another record high of Rs121.10 in open market and remained firm in interbank on Wednesday. As per the local money market, the dollar gained 95 paisas in open market for buying at Rs120.55 and for selling at Rs121.10, while it remained unchanged in interbank for buying at Rs119.85 and for selling at Rs120.05. On Tuesday, ... Read More »

PSX loses mammoth 702pts to close at 43,229

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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a bearish day as the benchmark KSE-100 index lost 702 points to close at 43,229. After opening lower, the index continued to slide throughout the session, hitting a day’s low of 43,143 towards close. Around 138 million shares worth Rs5.97 billion were traded at the exchange, with 257 of the 324 ... Read More »

Pak rupee hits record Rs121 level amid third currency devaluation since Dec

Pak rupee 2

KARACHI: The US dollar hit a record high of Rs 121 in interbank trading but settled at Rs 118 on Monday, after the State Bank of Pakistan (SBP) devalued the currency for the third time since December amid a worsening economy and speculation the country will need support from the International Monetary Fund. According to foreign exchange dealers, the greenback, ... Read More »

PSX closes flat on first trading day of week

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KARACHI: The Pakistan Stock Exchange (PSX) started week on flat note as the benchmark KSE-100 Index lost a modest 17 points to close at 43,931 points on Monday. The index opened higher and peaked at 44,244 before beginning to lose points to touch a day’s low of 43,838 points shortly before trading closed. “The market opened with news of the ... Read More »

Pak rupee further strengthens to close at Rs118.75

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KARACHI: The Pakistani rupee Friday continued adding value against the US dollar in open market and remained firm in interbank. As per the local money market, the dollar lost 10 paisas in open market for buying at Rs118.20 for buying and closed at Rs118.75 for selling. The greenback remained unchanged in interbank for buying at Rs115.55 and closed at Rs115.75 ... Read More »

PSX finishes below 44,000 mark after five-day winning streak

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KARACHI: The Pakistan Stock Exchange’s five-day winning streak ended on Thursday as the benchmark KSE 100-share Index recorded a decrease of 196.09 points or 0.44% to settle at 43,948.11. Trading began on a positive note with the KSE-100 index testing the 44,300 level. However, the index could not sustain the momentum and dipped 245 points as profit-taking was witnessed. Moreover, ... Read More »

Pak rupee gains value against dollar

Pak rupee

KARACHI: The Pakistani rupee Thursday gained value against the US dollar in open market and remained firm in interbank. As per the local money market, the dollar lost 10 paisas in open market for buying at Rs118.30 and for selling at Rs 118.85 for selling, while it remained firm in interbank for buying at Rs 115.55 and for selling at ... Read More »

PSX adds 148pts till midday

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KARACHI: The Pakistan Stock Exchange remained bullish till midday as the benchmark 100-index gained 148 points to take the tally to 44292 level on Thursday. The PSX started day on bullish note and added 78 points in early trading to reach 44222 level. On Wednesday, the stocks continued its positive trajectory, with the benchmark KSE 100-index gaining another 441.6 points ... Read More »

Stocks start day on positive note

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KARACHI: The Pakistan Stock Exchange Thursday started day on bullish note and added 78 points in early trading to reach 44222 level. On Wednesday, the stocks continued its positive trajectory, with the benchmark KSE 100-index gaining another 441.6 points to close above the level of 44,000 points, at 44,144 points. The stock market kicked off sideways in the early hours ... Read More »

PSX adds 434pts to close at 43,703

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KARACHI: The Pakistan Stock Exchange Tuesday closed bullish as the benchmark KSE 100-share index recorded an increase of 434.29 points or 1.00% to settle at 43,702.58. Overall, trading volumes increased to 166.5 million shares compared with Monday’s tally of 118 million. The value of shares traded during the day was Rs10.3 billion. Shares of 342 companies were traded. At the ... Read More »

Pak rupee further strengthens to reach Rs118.85

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KARACHI: The Pakistani rupee on Tuesday further strengthened against the US dollar in open market and remained unchanged in interbank. As per the local money market, the dollar closed shedding 20 paisas in open market for buying at 118.30 and for selling at 118.85. The US currency remained unchanged in interbank for buying at 115.50 and for selling at 115.70. ... Read More »

PSX crosses 43,000 mark despite foreign selling

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KARACHI: The Pakistan Stocks Exchange on Monday rallied 355 points, surpassing the 43,200 mark despite foreign investors sold Rs1.47 billion worth of shares during the trading session. At close, the benchmark KSE 100-share Index recorded an increase of 355.48 points or 0.83% to settle at 43,268.29. After a brief dip in the negative territory, the index started gaining momentum as ... Read More »

Pak rupee makes 30-paisas recovery against dollar

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KARACHI: The Pakistani rupee on Monday made recovery against the US dollar in open market and remained firm in interbank. As per the local money market, the greenback lost 30 paisas in open market for buying at 118.50 and for selling at 119.05, while it lost five paisas in interbank for buying at 115.50 and for selling at 115.70. On ... Read More »

PSX manages to close positive after range-bound session

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) managed to close in the positive zone after a range-bound session saw the benchmark KSE-100 index gain 66 points in the last session of the week. The stocks recorded the highest trading level of 42969.38 points and lowest level of 42749.42 points, with the volume of 59.22 million shares and value of Rs3.05 billion. ... Read More »

Pak rupee depreciates by 25 paisas

Pak rupee

KARACHI: The Pakistani rupee on Friday depreciated by 25 paisas against the US dollar in open market and remained firm in interbank. As per the local money market, the dollar closed adding 25 paisas in open market for buying at 118.80 and for selling at 119.35. The US currency remained unchanged in interbank for buying at 115.50 and for selling ... Read More »

PSX remains bearish till midday

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KARACHI: The Pakistan Stock Exchange remained bearish till midday as the benchmark 100-index dropped 29 points to reach 42818 points on Friday. The stocks opened on bearish note and shed 87 points to reach 42759 level in early trading. On Thursday, the volatility prevailed in the stock market as the 100-share index remained range-bound, trading between -50 to +373 points, ... Read More »