Tag: Financial Markets
-
Interbank closing: Pakistani rupee gains 10 paisa against US dollar
The Pakistani rupee (PKR) demonstrated resilience for the third consecutive session against the US dollar (USD), marking a 0.04 per cent appreciation in the interbank market on Thursday, according to the State Bank of Pakistan (SBP).
-
24-karat gold price plunges by Rs1,800 per tola, reflecting global market trends
On Tuesday, the price of gold experienced a further decline, with 24-karat gold witnessing a decrease of Rs1,800, settling at Rs213,600 per tola.
-
PSX hits historic high: KSE-100 index surpasses 59,000 mark for the first time
The Pakistan Stock Exchange (PSX) extended its impressive performance, achieving a historic milestone as the benchmark KSE-100 Index surpassed the 59,000 mark for the first time ever on Friday.
-
Pakistan Stock Exchange achieves record high, crossing 58,000 points
A positive shift in market sentiment fueled the Pakistan Stock Exchange’s (PSX) upward trajectory as the benchmark KSE-100 Index surpassed the historic 58,000 level for the first time in Wednesday’s trading session. At 12:45 pm, the benchmark index reached 58,203.85, marking a noteworthy increase of 832.27 points, or 1.45 per cent. Widespread buying, particularly in…
-
IMF and Pakistan seal agreement on $3 billion SBA, await board approval
In a significant development, the International Monetary Fund (IMF) declared on Wednesday that its team and Pakistani authorities have successfully concluded the initial review of the $3 billion, nine-month Stand-By Arrangement (SBA). This staff-level agreement awaits the approval of the IMF Executive Board. Upon endorsement, approximately US$700 million (SDR 528 million) will be accessible, contributing…
-
Pakistan’s stock market surges above 56,500 for the first time in history
The bullish momentum persisted in the Pakistan stock market today, propelling the key stock gauge to an unprecedented level above 56,000 for the first time in history.
-
Gold price increases to Rs213,100 per tola
The gold price in Pakistan witnessed an increase on Friday, with the cost of 24-karat gold rising by Rs1,300 per tola, settling at Rs213,100 in today’s session. The Karachi Sarafa Association reported that the closing price for 10 grammes of 24-karat gold was Rs 182,698, indicating a loss of Rs1,114.Meanwhile, 10 grammes of 22-karat gold…
-
Pakistan stock market continues bullish run, nearing 55,000-point mark
The Pakistani stock market is expected to surge past 55,000 points, continuing its bullish run at the Pakistan Stock Exchange (PSX). The benchmark KSE-100 Index reached a new historic high of 54,261 points on Wednesday amidst record trading activity.
-
Record-breaking bullish streak: PSX surpasses 54,000 mark for the first time in history
The Pakistan Stock Exchange (PSX) continued its bullish momentum, with the KSE-100 Index surpassing the historic 54,000 level during intra-day trading on Tuesday.
-
Pakistani rupee declines by 48 paisa, closing at Rs280.57 against US dollar
In the financial markets this week, the Pakistani rupee (PKR) experienced a depreciation of 1.78 rupees against the US dollar, closing the week’s trade at PKR 280.57.