PSX hits fresh peak on IMF deal | The Express Tribune
Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well as the ongoing earnings season. The day commenced with a spike in the KSE-100 index, which […]
IMF deal boosts PSX to historic peak
Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Monday after the market gained new heights by gaining more than 1,000 points due to the new $7 billion […]
PSX soars to new peak above 60.5k | The Express Tribune
KARACHI: Investors at the Pakistan Stock Exchange (PSX) on Tuesday engaged in extensive buying of attractive stocks and in the process propelled the market to a new record high well above the 60,500-point mark. The benchmark KSE-100 index shot up over 900 points as market players were enthusiastic following the signing of billions of dollars […]
PSX undeterred, reaches peak above 59k | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX) maintained its upward march and broke records in the outgoing week when it climbed over 2,000 points as investors cheered reports of encouraging economic and earnings outlook and expected release of the second loan tranche of $700 million by the International Monetary Fund (IMF). A key event was the easing […]
Remittances hit 6-month peak at $2.2b | The Express Tribune
KARACHI: The remittances sent home by overseas Pakistanis hit a six-month high at $2.20 billion in September 2023, as expatriate workers increasingly used official channels following a government crackdown on currency smugglers and the illicit Hawala-Hundi traders. The increase in inflows sparked hopes that the current account deficit would be moderate for the month. Remittances […]
With high demand, gold hits new peak | The Express Tribune
KARACHI: Gold hit a new all-time high at Rs219,500 per tola (11.66 grams) on Saturday owing to speculation that demand for the safe-haven asset had remained high. All Pakistan Saraf Gems and Jewellers Association (APSGJA) reported that the bullion price went up by Rs800 per tola. Talking to The Express Tribune, a member of the […]
Yearly inflation hits another peak at 46.65% | The Express Tribune
ISLAMABAD: The yearly short-term inflation rose by 46.65% – highest ever in the country’s history – measured on the basis of the Sensitive Price Index (SPI) during the week that ended on March 22, the Pakistan Bureau of Statistics (PBS) on Friday reported. The highest-ever increase was recorded on account of the rising food prices. […]
Gold climbs to new peak in Pakistan
A representational image of gold jewellery. — AFP/File Gold has been on a rising spree for the last several weeks and kept hitting an all-time high. In line with the dominant trend, the price of gold climbed to a new peak of Rs182,700 per tola (11.66 gram) on Tuesday, after a jump of Rs4,500. Meanwhile, […]
Pakistan gold near one-week peak on safe-haven buying
People buy jewellery at a jewellery store in Amritsar on October 22, 2022. — AFP/File Gold rose to a hover near a one-week high on Monday as concerns over the depreciating rupee lifted bullion’s appeal as a safe haven and an inflation hedge. The prices of gold rose by Rs700 per tola and Rs600 per […]
New peak: Gold price continues to climb for 8th consecutive day
An undated file image of gold bars. — AFP/File Gold prices continued to rise in Pakistan for the eighth consecutive day as investors took refuge in the safe-haven asset to avoid the impact of high inflation. Gold prices surged by Rs500 per tola and Rs429 per 10 grams to settle a historic high of Rs170,900 […]