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Rupee hits over two-month high against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency resumed its uptrend on Wednesday after taking a breather for a day, hitting over two-month high at slightly above Rs281.50 against the US dollar in the inter-bank market. The uptick stemmed from a reduction in demand for the foreign currency and an increase in its supply in the banking network. According…
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Stocks slip over high inflation reading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday experienced a downturn, following a highly bullish session a day ago, primarily owing to dismal data revealing that the Consumer Price Index (CPI) surged to 29.7% year-on-year (YoY) in December 2023. In the morning, the trading session began on a robust note, touching intra-day high at 65,333.69…
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Auto financing slows down over high costs | The Express Tribune
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[ad_1] KARACHI: Auto financing continued to decline for the 17th consecutive month in November, falling 2.6% to Rs257 billion amid exorbitant cost of financing and significant increase in car prices over the past one and a half year. Auto financing had stood at Rs264 billion in October 2023 and Rs340 billion in November last year.…
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High courts’ role in privatisation ends | The Express Tribune
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[ad_1] ISLAMABAD: President Dr Arif Alvi on Thursday issued an ordinance to end the role of high courts in privatisation matters aimed at avoiding “unnecessary delays” in selling state assets and expeditiously resolving disputes. The president issued the Privatisation Commission (Amendment) Ordinance 2023, according to a statement released by the presidency. It added the Privatisation…
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PSX hits new high, crosses 63,500 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of over 63,500 points before mid-day on Wednesday, as the return of foreign investors to the local bourse provided confidence for local investors to continue buying stocks. PSX benchmark KSE-100 Index rose to a new high at 63,611.50 points, increasing by 1pc, or…
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Gold surges to 3-month high at Rs221,000 per tola | The Express Tribune
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[ad_1] KARACHI: The price of gold hit a three-month high at Rs221,000 per tola (11.66 grams) in Pakistan, following a global trend, as the domestic currency remains largely stable at around Rs285 against the US dollar in the interbank market on Wednesday. With the latest increase of Rs2,600 per tola in the day, the precious…
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PSX reaches another historic high
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP KARACHI: Stocks on Friday started the day on a positive note, marking a new milestone as the KSE-100 index crossed the 59,000 barrier for the first time in its…
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PSX hits all-time high, crosses 58,000 barrier during intraday trade
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[ad_1] A view of the Pakistan Stock Exchange (PSX) building the main hall in Karachi. — INP/File KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday reached a new milestone as it crossed the 58,000 barrier for the first time during intraday trading. The KSE-100 index gained over 800 points to reach 58,203.85, up from yesterday’s…
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Market watch: PSX hits new high, crosses 55k | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) on Friday skyrocketed to a new record high as it crossed the 55,000 milestone in the backdrop of technical review talks with the IMF and due to a reduction in bond yields and an increase in remittances. In the morning, trading began at the intra-day low of 54,371.74 points when…
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PSX surges past 53,000 points to reach all-time high
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[ad_1] An investor at the PSX. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Friday surged past the 53,000 point mark to hit an all-time high after it gained over 400 points on positive cues including political clarity over the election date and expectations of clearing the International Monetary Fund (IMF) review. The market stood at…
