market
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Dollar continues to surge, crosses 201-mark in interbank market
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[ad_1] A forex dealer counting currency notes in this file photo. -Agencies KARACHI: The Pakistani rupee once again breached the 201 threshold and against the US dollar in the interbank market during intra-day trade on Tuesday, Geo News reported. The dollar gained Rs0.94 during the intraday trade today. It ended at 200.06 per dollar a…
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Govt asked to consult traders on market hours | The Express Tribune
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[ad_1] ISLAMABAD: Special Assistant to the Punjab Chief Minister Malik Abrar Ahmed has said that the business community is playing a vital role in the development of the economy and the government will take all possible measures to resolve the key issues. He assured businessmen that their suggestions for the betterment of the economy would…
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US market rebound faces key inflation test | The Express Tribune
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[ad_1] NEW YORK: A rally that lifted US stocks from the brink of a bear market faces an important test next week, when consumer price data offers insight on how much more the Federal Reserve will need to do in its battle against the worst inflation in decades. Despite a rocky week, the S&P 500…
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SBP injects Rs1tr into open market | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has supplied over Rs1 trillion to the conventional and Shariah-compliant commercial banks for an unusual longer period of 63 days for the second time in one week to push them to bring down the interest rate on financing for the government. The overall injections came in at…
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Market watch: Stocks rise on hopes of IMF loan resumption | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to post decent gains on Monday, as investors opted to assume fresh positions amid fresh hopes for the resumption of the much-awaited International Monetary Fund’s (IMF) loan programme. The benchmark KSE-100 index, after staying in the positive territory throughout the day, added around 179 points to finally settle…
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Market watch: Stocks falter on policy rate hike | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another volatile session on Tuesday, as jittery investors preferred to stay on the sidelines amid a deteriorating political and economic condition in the country. After spending most of the day in the red, the benchmark KSE-100 index recorded a decrease of around 490 points to settle below the…
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Market watch: Stocks nosedive ahead of MPC meeting | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange nosedived on the first trading day of the week as sceptical investors preferred to stay on the sidelines before the announcement of the monetary policy late in the evening. The benchmark KSE-100 index plunged by around 660 points as domestic political uncertainty amid deteriorating economic situation continued to take…
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Rupee further weakens US against dollar in interbank market
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[ad_1] A representational image of currency dealer exchanging Rs1,000 note. — AFP/File KARACHI: The Pakistani rupee depreciated further against the US dollar in the interbank market on Friday and was being traded at Rs201 amid concerns over the pace of its fall and a lack of support from the central bank According to the State…
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Rupee climbs over 200-mark against US dollar in open market
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[ad_1] A representational image of a currency dealer counting currency notes. — AFP/File KARACHI: The Pakistani rupee surpassed the important threshold of 200 during intraday trading in the open market against the US dollar with a loss of nearly Rs2 on Wednesday, Geo News reported. Meanwhile, in the interbank market, the local currency continues to…
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Foreigners on selling spree in bond market | The Express Tribune
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[ad_1] KARACHI: Taking cue apparently from a sharp rise in Pakistan’s default risk in global bond markets, foreign investors have returned to the selling counters in the domestic market, as they pulled out $12 million (Rs2.34 billion) by offloading Pakistan Investment Bonds (PIBs) in a single day. Cumulatively, in the first 10 and a half…
