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Gold price increases by Rs600 per tola

A customer tries on a gold necklace inside a jewellery showroom in the southern Indian city of Hyderabad April 11, 2012. Indian gold futures are likely to extend losses this week, falling below a one-week low touched on Monday, hurt by a firm dollar overseas, although a revival in physical demand ahead of key festival could limit the downside, analysts said. Picture taken April 11, 2012. REUTERS/Krishnendu Halder (INDIA - Tags: BUSINESS COMMODITIES)

LAHORE: Gold price is continuously rising in the country and the current price of the yellow metal stands at Rs89,000 per tola after an increase of Rs600 per tola. Per tola gold in Lahore, Peshawar, Quetta, Gujranwala, Multan, Faisalabad, Karachi, Hyderabad and other sarafa markets was sold at Rs89,000. The jewelers association said a record increase of Rs34,650 per tola ... Read More »

PSX loses 664.44 points to close at 28,764 points

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

ISLAMABAD: The Pakistan Stock Exchange (PSX) Friday witnessed bearish trend as KSE 100 index lost 664.44 points (2.31 percent) to close at 28,764.63 points. A total of 53,423,210 shares were traded, whereas the value of shares traded during the day stood at Rs3.323 billion. Out of 283 companies, share prices of 73 companies recorded increase while 194 companies registered decrease ... Read More »

Dollar gains 51 paisa in interbank market against Pak rupee

Pak rupee 3

KARACHI: The exchange rate of US dollar increased by 51 paisas in interbank market to close at Rs158.95 on Friday. In the open market, the local currency gained 20 paisa to close at Rs159.40 against the greenback. The rupee had recovered over Rs2.13 within last nine working days. Earlier, the rupee was observed to cumulatively depreciate against the US dollar, ... Read More »

Gold scales new peak of Rs88,300

US gold jewelry

KARACHI: Domestic gold price hit a new record peak of Rs88,300 per tola and Rs75,703 per 10 grams, up by Rs950 and Rs815 as compared to rates prevailing on Aug 10. The All Sindh Saraf Jewellers Association (ASSJA) attributed the fresh hike in rates to increase in world gold price by $16 per ounce to $1,514. Gold trading remained suspended ... Read More »

Gold hits new all-time high at Rs87,350 per tola

gold-buyers

KARACHI: Gold continued to outshine as it maintained the uptrend, hitting an all-time high for the fifth successive working day at Rs87,350 per tola (11.66 grams). Cumulatively, the yellow metal has soared around 4%, or Rs3,350 per tola, in the past five sessions, including Rs350 per tola on Saturday, despite the international bullion market closing slightly down over the weekend ... Read More »

Weekly review: PSX drops 7pc; Rupee appreciates 67 paisa against dollar

Pakistan-stock-exchange - Copy

KARACHI: Pakistan Stock Exchange (PSX) witnessed a downward trend in the fifth consecutive week as the KSE-100 Index dropped by a massive 7 percent and shredded 2,237 points, and closed at 29,429 points, a private news channel reported on Saturday. According to analysts, the recent simmering tensions between nuclear-armed Pakistan and India over Kashmir dispute have pushed investors to adopt ... Read More »

Gold price soars by Rs200 per tola to Rs87,000

gold prices dips

KARACHI: The price of 24 karat gold jumped by Rs200 and was traded at Rs87,000 per tola, Karachi Sarafa Association reported on Friday. The price of 10 gram gold also witnessed increase of Rs171 and was traded at Rs74,588. On Wednesday, the price of 24 karat gold jumped by Rs1750 and was traded at Rs86,250 per tola as compared to ... Read More »

Pakistan Stock Exchange sheds 308 points ahead of holidays

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

KARACHI: Continuing with the declining trend, the Pakistan Stock Exchange (PSX) ended the last session ahead of holidays also in the red. The indices, which opened the day positively, failed to sustain its gains and slipped to another 52-week low in the second half of the session owing to institutional selling. On the economic front, the State Bank of Pakistan ... Read More »

Pak Rupee gains 40 paisas in early trade

pak rupee

KARACHI: The Pak Rupee continued appreciation against dollar as the local unit gained 40 paisas in early trade on Thursday. The US dollar is being traded at Rs157.85 in interbank foreign exchange market. Last day the rupee was ended at Rs158.25 to the dollar. Currency experts said that the inflows of home remittances related to Eid-ul-Azha helped the rupee to ... Read More »

PSX dives to five-year low as stocks bleed

stocks Pakistan stocks

KARACHI: Stocks were massacred as the index plummeted over 700 points in intra-day trading, falling to a five-year low level of below 30,000. The downtrend was seen on back of ongoing geopolitical tensions and the outcome of the National Security Committee (NSC) meeting, which added to the already frayed investor sentiments. Following India’s decision to abrogate Article 370 of its ... Read More »

Gold price shoots up Rs1,750, reaches Rs86,250 per tola

gold-jewellery-funonsite.com

ISLAMABAD: The price of 24-karat gold jumped by Rs1,750 and was traded at Rs86,250 per tola, as compared to the previous day’s closing at Rs84,500, Karachi Sarafa Association reported on Wednesday. After witnessing an increase of Rs1,500, the price of 10-gram gold stood at Rs73,945, as against Rs72,445 recorded the day before. The price of silver remained constant and was ... Read More »

KSE-100 plunges over 700 points as funds offload stocks

stock exchange lower at closing

KARACHI: The stock market continued to bleed for the fifth successive session on Wednesday as the benchmark index fell over 700 points to stand below the 30,300-point mark. The market maintained the downturn due to aggressive stock selling by mutual funds. Investors in such funds wanted their money back as no improvement had so far been witnessed at the Pakistan ... Read More »

Pak Rupee recovers 20 paisa against US dollar in interbank market

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KARACHI: The Pakistani rupee on Wednesday further appreciated by 20 paisa against the US dollar and hit Rs158.45 in the interbank market. Yesterday, the local currency gained 28 paisa against the greenback in the interbank market, and closed at Rs158.65. Within last eight working days, the rupee has recovered by Rs2.13 against the dollar in the interbank market. Earlier, the ... Read More »

Pak Rupee appreciates for 7th consecutive trading day against dollar

Pak rupee 3

KARACHI: The Pak Rupee has appriciated for the seventh consecutive trading date and gained 29 paisas against dollar on Tuesday amid improved inflows of home remittances related to Eid-ul-Azha. The rupee ended Rs158.65 to the dollar from previous day’s closing of Rs158.94 in interbank foreign exchange market. Currency dealers said that the rupee was improving as overseas Pakistanis are sending ... Read More »

Pakistan Stock Exchange lose 180 points on 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 Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure. Although the bulls managed to overpower the bears for a brief period of time, the day ended with bears in control. Also, amidst economic uncertainty, recent political developments in the region forced the investors to keep their cautious stance intact. Foreign investors in ... Read More »

Pakistan Stock Exchange lose 180 points on 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 Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure. Although the bulls managed to overpower the bears for a brief period of time, the day ended with bears in control. Also, amidst economic uncertainty, recent political developments in the region forced the investors to keep their cautious stance intact. Foreign investors in ... Read More »

Gold gains Rs 550, traded at Rs 84,000 per tola

gold-jewellery-funonsite.com

ISLAMABAD: The price of 24 karat gold jumped by Rs 550 and was traded at Rs 84,000 per tola as compared to the last closing at Rs 83,450, Karachi Sarafa Association reported on Monday. The price of 10 gram gold also witnessed increase of Rs 471 and was traded at Rs 72,016 against Rs71, 545 of last day. The price ... Read More »

Dollar value dips, interbank rate drops to Rs158.93

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KARACHI: Pakistani rupee on Monday further recovered its value against the US dollar by 18 paisa in the interbank market, and was traded at Rs158.93. In the open market, the local currency appreciated by 50 paisas and the dollar was traded at Rs159. In the previous week, the Pakistani rupee has depreciated by 39 paisa against the US dollar in ... Read More »

KSE plummets 685 points as Pak-India tensions soar

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 market dropped 685 points to three-and-half-year low in intra-day trading, falling below 31,000 points due to escalation in Pakistan-India tension along the Line of Control. At 12:58, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index was down 579 points to stand around 31,087 points. The market was down due to “India, Kashmir and Pakistan issue,” Alpha ... Read More »

A weekly review: Rupee recovers Rs1.47 against dollar; PSX drops 1.4pc

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

KARACHI: In the recent unprecedented statistics, the Pakistani rupee has appreciated by Rs1.47 against the US dollar in the outgoing week and closed at Rs159.11 in the interbank market on Friday. In the open market, the local currency gained by Rs1.20 against the greenback with slight fluctuation in the whole week and settled at Rs159.50 on Friday. Currency traders are ... Read More »