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Gold surges to new historic high | The Express Tribune
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[ad_1] KARACHI: The price of gold soared to a new historical high of Rs247,600 per tola (11.66 grams) in Pakistan, aligning with global trends. This surge occurred as the domestic currency remained relatively stable, hovering near a one-week low at Rs277.94 against the US dollar in the interbank market ahead of the Eid holidays. Gold…
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PSX soars to all-time high as it crosses 69,000 mark
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Bulls gripped the Pakistan Stock Exchange (PSX) on Monday as the benchmark index achieved a new milestone by crossing the 69,000 mark. The KSE-100 index gained 1,203.20 points or 1.76% to close at 69,619.98 points,…
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PSX surges to all-time high, crosses 69,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of 69,711 points on Monday, surging by 1.9% to continue its record-breaking spree on the second working day. The market has maintained its momentum over economic optimism in the wake of Prime Minister Shehbaz Sharif’s maiden visit to Saudi Arabia and Finance Minister Muhammad Aurangzeb’s preparations…
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Rupee holds firm near 5-month high | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency has remained stable near its recent five-and-a-half-month high for the past couple of days, closing at Rs277.93 against the US dollar in the interbank market on Friday. The currency has been fluctuating around this level, approaching the significant psychological threshold of Rs277/$. According to the State Bank of Pakistan’s (SBP)…
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Gold hits record high amid global turbulence | The Express Tribune
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[ad_1] KARACHI: Gold reached a new all-time high at Rs241,100 per tola (11.66 grams) in Pakistan on Thursday, marking a historic moment in line with the global record-breaking trend. Meanwhile, the rupee remained stable near its recent five-and-a-half-month high at Rs277.83 against the US dollar in the interbank market throughout the day. In the global…
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PSX soars to new high of 67,756 points fuelled by cyclic sector
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[ad_1] A broker looks at an index board showing the latest share prices at the Pakistan Stock Exchange in Karachi. — AFP/File Pakistan’s stock market scaled a new peak on Wednesday as majority of investors cheered the government’s privatisation push amid hopes of a rate cut especially after signs that inflation was finally cooling down,…
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High costs restrict textile exports | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s textile exports marginally increased by 3% and reached $1.3 billion in March 2024 compared to the same month of last year, according to provisional data compiled by the All Pakistan Textile Mills Association (Aptma). Last year in March, textile manufacturers had exported goods worth $1.26 billion. When compared with exports of $1.41…
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PSX’s benchmark KSE-100 index hits new all-time high of 67,142 points
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[ad_1] A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks hit an all-time high on Thursday, surging by 0.89%, or 594.34 points, to settle at a whopping 67,142.12, mostly after the country’s talks with the International Monetary Fund (IMF)…
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PSX hits all-time high, crosses 67,200 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit an all-time high of 67,246 points before mid-day on Thursday after registering a 1% increase, maintaining its record-breaking spree on the second consecutive working day. The market reached a new high after the UK-based global index provider (FTSE) announced its decision to retain Pakistan in the ‘secondary emerging…
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Rupee surges to new five-month high at Rs278.14/$ | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency reached a new five-month high at Rs278.14 against the US dollar in the interbank market, continuing its winning streak for the seventh consecutive working day, driven by persistent improvements in the country’s foreign exchange reserves. Market discussions suggest that the rupee received further support against the greenback following Finance Minister…
