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Market watch: Stocks bleed as political mayhem continues | The Express Tribune
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[ad_1] KARACHI: The political melodrama wreaked havoc on the Pakistan stock market as the benchmark KSE-100 index slumped 1,250 points on the back of persistent uncertainty and the brewing constitutional crisis. The political tides turned on Sunday after National Assembly Deputy Speaker Qasim Khan Suri rejected the no-confidence motion against Prime Minister Imran Khan and…
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Rupee continues to take a battering | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee has maintained its downward streak for about two straight weeks now, as it crossed Rs184 for the first time in history against the US dollar on Friday, amid rapid depletion in foreign exchange reserves which currently stand at two and a half years low level. The rupee depreciated 0.33% (or…
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Rupee’s downtrend continues | The Express Tribune
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[ad_1] KARACHI: The rupee weakened against the US dollar at Rs182.64 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs182.34, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local currency as demand for the dollar stood higher compared to its supply in the wake…
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Rupee’s dip continues in inter-bank | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained a record-breaking downward streak for the sixth consecutive day on Monday, as it hit a new all-time low at Rs181.25 against the US dollar in the inter-bank market on fears that the International Monetary Fund (IMF) may temporarily suspend its $6 billion loan programme. With a fresh drop of 0.38%…
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Market watch: Uptrend continues at PSX ahead of IMF meeting | The Express Tribune
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[ad_1] KARACHI: The ongoing rally continued at the Pakistan Stock Exchange on Wednesday and the KSE-100 index breached the 46,000-point mark as investors anticipated the resumption of International Monetary Fund (IMF) loan programme. The IMF board was set to meet late on Wednesday and review Pakistan’s case as the country met its prior conditions. Market…
