Tag: Investor
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Pakistan Stock Exchange surpasses 49,000 points, reaches new high since 2017
The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Thursday as it extended its bullish momentum, crossing the 49,000 level and reaching its highest point in six years. This impressive rally was fueled by positive economic data and a series of favourable factors contributing to investor confidence.
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Gold prices rise on weaker Pakistani rupee and economic outlook
On Tuesday, gold prices rose further to reach a one-week peak achieved last week, supported by a weaker Pakistani rupee. Investors were keeping an eye on upcoming economic developments that could impact the market’s direction. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of gold (24 carats) rose by Rs500 per…
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Gold price hits new all-time high of Rs187,200 per tola
For the first time in Pakistan’s history, the price of gold passed Rs187,000 per tola.
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PSX surpasses 43,000-mark as IMF tranche inches closer
As trading began on Monday, the Pakistan Stock Exchange (PSX) resumed its upward trend, rising more than 700 points to cross the 43,000-mark. The benchmark KSE-100 index gained 764.25 points, or 1.78 per cent, from its previous finish of 42,857.57. The benchmark KSE-100 index increased by 731.54 points, or 1.71 per cent, by 2:13 pm…
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Car sales up by 53.7 per cent in 2022, despite repeated price hikes
The latest data provided by the Pakistan Automotive Manufacturing Association (PAMA) shows that overall car sales climbed by 53.78 per cent during the first nine months of the current fiscal year 2021-22 (July-March) compared to the same period in the past financial year. Keeping in view the recent figures, 172,612 vehicles were delivered in the…