Tag: TRADING
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Gold price jumps by Rs1,100 per tola, reaching Rs214,300
The gold prices in Pakistan continued their upward trajectory, building on gains from the last session of the previous week. On Monday, the price of 24-karat gold surged by Rs1,100 per tola, reaching Rs214,300 per tola.
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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.
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Pakistani rupee depreciates for the 5th day in a row, settles at Rs222.67
The Pakistani rupee (PKR) lost 0.12 per cent on Thursday in the inter-bank market, continuing its downward trend against the US dollar. The rupee dropped by Rs0.26 and ended the day at Rs222.67. The rupee has decreased by Rs1.25, or 0.56 per cent, over the last five trading sessions. PKR continued to lose value against…
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Pakistani rupee gains Rs3 against dollar in early interbank trading
The Pakistani rupee maintained its stability on Wednesday, the second working day of the week, after regaining ground versus the US dollar on Tuesday in the interbank market. Details indicate that the value of the local currency relative to the US dollar increased by Rs3.32 and that it was trading at about Rs234. Data from…
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Rupee gains ground against dollar for second day, closes at Rs238
Following days of increases in the interbank and open markets, the US dollar fell against the Pakistani rupee on Tuesday as a result of assurances from the government and State Bank of Pakistan (SBP) that the nation will have enough money for FY2022-23 after receiving IMF tranches. For the third straight session, the Pakistani rupee…
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Bitcoin falls to lowest since January after stock market
Bitcoin on Monday, May 9 fell to its lowest level since January 2022, as falling equity markets weighed on cryptocurrencies, which are now trading in line with riskier assets like tech stocks. In early trade, bitcoin fell as low as $33,266 to test the January low of $32,951. If it drops below that level, it…
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Pakistani rupee plunges by Rs1.05 against the US dollar
In today’s interbank session, the Pakistani rupee (PKR) fell by Rs1.05 versus the US dollar (USD), concluding at Rs186.97 per US Dollar, compared to Rs185.92 per USD on April 20. The rupee had a tumultuous market session, with an intraday high of Rs187.10 and a lowest of Rs186.25. This depreciation of PKR is attributed to the…
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Gold loses shine, price drops by Rs2,000 to Rs132,300 per tola
Gold prices fell sharply in the local market on April 8, following the US dollar’s loss of value versus the rupee. The price of precious yellow metal dropped by Rs2,000 to Rs132,300 a tola (11.66 grams). Similarly, the cost of 10 grammes of gold decreased by Rs1,715 to Rs113,426. On the flip side, it jumped…
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Rupee strongest against USD since Feb 2020
The rupee continues to strengthen against the dollar and now it has returned to its pre-COVID level. During intraday, the rupee is trading in the range of Rs. 152.83 and Rs. 154.25 against the USD today. This is the strongest since February 17, 2020. PKR closed at nearly Rs. 153 to the USD in the…