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PSX zooms to record high on economic data, political outlook
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[ad_1] A stockbroker monitors the share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on May 16, 2022. — AFP Stocks on Tuesday zoomed to a new all-time high, riding a rally driven by the passage of the 26th amendment, which alleviated political concerns and bolstered bullish sentiment among investors…
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Stocks zoom past all-time high above 86,400 in intraday trade
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Stocks stayed the winning course on Wednesday, reaching a record high of over 86,400 points, largely due to the finance minister’s affirmation that inflation and policy rates were anticipated to retreat to touch new lows,…
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PSX tops record high of 84,900 points in intraday trade
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[ad_1] A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023.— Reuters Stocks on Monday breached the 84,900-points resistance level, hitting yet another record high, mainly fuelled by energy sector as investors held on to the…
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Foreign exchange reserves reach 26-month high | The Express Tribune
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[ad_1] KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the week ending August 30, 2024, according to the central bank’s latest update. The continued growth in reserves over the past six weeks has bolstered the domestic currency, which…
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Gold hits record high at Rs263,700/tola | The Express Tribune
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[ad_1] KARACHI: Gold prices in Pakistan soared to a new record high of Rs263,700 per tola (11.66 grams) on Saturday, marking a fresh increase of Rs1,700, according to the All Pakistan Sarafa Gems and Jewellers Association. The metal pricing body reported that this latest rise follows a $20/ounce (31.10 grams) increase in global gold prices,…
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Gold rises to record high, rupee falls | The Express Tribune
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[ad_1] KARACHI: Gold price hit an all-time high at Rs257,700 per tola (11.66 grams) in line with the global trend on Tuesday while the Pakistani rupee slightly weakened to Rs278.70 against the US dollar in the inter-bank market. According to the All Pakistan Sarafa Gems and Jewellers Association, bullion surged Rs1,200 per tola in a…
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Gold prices tumble after reaching record high | The Express Tribune
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[ad_1] In the international bullion market, the price of gold per ounce dropped by $16, bringing it down to $2,417 from the previous price of $2,433. Consequently, in local markets on Monday, the price of 24-carat gold per tola decreased by Rs300, settling at Rs256,500. Similarly, the price of 10 grams of gold saw a…
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Gold soars to record high | The Express Tribune
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[ad_1] KARACHI: Gold surged to a new all-time high of Rs257,300 per tola (11.66 grams) in Pakistan on Friday, driven by weaker US employment data and escalating political tensions in the Middle East. According to the All Pakistan Sarafa Gems and Jewellers Association, the precious metal jumped Rs2,400/ tola in a single day, marking a…
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PSX plummets by over 1,200 points after hitting record high | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) experienced a significant decline and closed at 80,117 after experiencing a significant decline of 1,721 points. This drop represents a 2.15% decline from yesterday’s all-time high of 81,839 points. Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84%…
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Gold prices in Pakistan soar to new high | The Express Tribune
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[ad_1] Gold prices have hit a record peak in the local market, sparking interest among investors and traders. Globally, the price of gold per ounce increased by $60, reaching $2,470. This significant rise was mirrored in the local market, where the price per tola soared by Rs4,600 to Rs254,000, setting a new high. In Karachi,…
