PSX shrugs off slump, rallies by around 650 points | The Express Tribune
The Pakistan Stock Exchange (PSX) has shrugged off its downward slump on Thursday and surged by 667 points to reach 78,545 during intra-day trade. This marks a notable 0.85% rise from its previous close of 77,878 points. Ahead of the August 14 Independence Day holiday, the PSX fell over 100 points in a range-bound session on […]
Rupee rallies on hopes of big IMF package | The Express Tribune
KARACHI: Taking cue from Pakistan’s request to the International Monetary Fund (IMF) for a bigger bailout package of $8 billion, the rupee on Friday hit a three-week high at Rs278.20 against the US dollar in the inter-bank market. According to the State Bank of Pakistan’s (SBP) data, the Pakistani currency gained Rs0.19 compared to Thursday’s […]
Rupee rallies on talk of foreign investment | The Express Tribune
KARACHI: The Pakistani currency strengthened by Rs0.09, closing at a nearly one-week high of Rs278.21 against the US dollar in the inter-bank market. This uptrend continued for the second consecutive day, buoyed by reports of progress in talks aimed at attracting multibillion-dollar foreign investments from friendly countries. The State Bank of Pakistan (SBP) reported that […]
Bourse rallies, led by E&P stocks | The Express Tribune
KARACHI: Pakistan’s stock market made a handsome recovery on Monday following previous week’s battering as government’s move to rein in the growing circular debt and a slight easing of political noise sparked optimism among investors. Market players welcomed the news of revising the circular debt management roadmap and the constitution of a committee to address […]
Gold rallies near 3.5-month peak on flight to safety
People buy jewellery at a jewellery store in Amritsar on October 22, 2022. — AFP/File KARACHI: Gold prices hit their highest level since August 1 on Tuesday, as demand was boosted by worries over the depreciating rupee and hopes of more stimulus measures to combat the economic blow. Data released by the All Pakistan Sarafa […]