market
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Market watch: Stocks recover in lacklustre trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading session on Tuesday, where the benchmark KSE-100 index, after oscillating in a narrow range, finally managed to add some points to close the day in the green zone. Prevailing political and economic uncertainties continued to take a toll on investors’ interests as they profoundly awaited…
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Rupee sinks to record 197 against USD in inter-bank market | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday suffered a significant drop of 1.5% and plunged to Rs197 against the US dollar in the inter-bank market. The fall of the rupee marks the eighth consecutive day of its sink, culminating in a 6% fall (or Rs11.30) to Rs196.99 to date. The local currency’s devaluation comes ahead…
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Market watch: Stocks nosedive on economic concerns | The Express Tribune
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[ad_1] KARACHI: Bears completely sidelined the bulls at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index nosedived 819 points, starting the week on a negative note. Showing their complete dominance, the bears held their grip over the market throughout the day, as jittery investors were seen offloading their holdings in panic. The…
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Stock market tumbles in lacklustre week | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading week as jittery investors struggled to find positive cues amid continuously deteriorating macroeconomic indicators. Continuously falling rupee that hit record lows against the US dollar and depleting foreign exchange reserves haunted the trading environment in the outgoing week, thus keeping market participants at bay. Consequently,…
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Market watch: Stocks surge on remittances data | The Express Tribune
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[ad_1] KARACHI: Bulls held their ground at the Pakistan Stock Exchange on Friday, as the benchmark KSE-100 index staged a handsome rally of 588 points to end the week on a positive note. The news flow of record remittances, touching $3.13 billion in April 2022 rejuvenated investors interest, as they were continuously looking for positivity…
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Market watch: KSE-100 rebounds over ADB $2.5b loan hints | The Express Tribune
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[ad_1] KARACHI: The stock market staged a rebound on Thursday over indications that the ADB would provide $2.5 billion in loan coupled with optimism about the resumption of International Monetary Fund (IMF) loan programme, which rejuvenated investor interest. The benchmark KSE-100 index made a significant recovery as investors were encouraged by the upbeat developments despite…
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Market watch: Stocks rebound over ADB’s $2.5b loan hint | The Express Tribune
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[ad_1] KARACHI: The stock market staged a rebound on Thursday over indications that the ADB would provide $2.5 billion in loan coupled with optimism about the resumption of International Monetary Fund (IMF) loan programme, which rejuvenated investor interest. The benchmark KSE-100 index made a significant recovery as investors were encouraged by the upbeat developments despite…
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Market watch: Rupee fall, political turbulence pull stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed selling pressure on Wednesday, following rupee’s fall to an all-time low amid political turbulence, which dragged the benchmark KSE-100 index below the 43,000-point mark. Moreover, concerns about terms of the resumed IMF loan programme and delay in approval of Saudi Arabian aid package also contributed to the bearish…
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Market watch: Stocks gain ground in range-bound session | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to make some recovery on Tuesday in a range-bound session, as investors opted to assume fresh positions at attractive valuations following a “bloodbath” on the previous trading day. The benchmark KSE-100 index, after fluctuating throughout the day, added around 111 points to settle in the green zone. The…
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Market watch: Falling rupee drags index down | The Express Tribune
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[ad_1] KARACHI: Bears held their ground and dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative region throughout the day. Dwindling macroeconomic indicators amid continuous fall in the rupee value against the US dollar – which depreciated by around Re1 on…
