PSX continues to recover from bearish trend as KSE-100 index climbs 575 points | The Express Tribune
Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied on Friday, with the KSE-100 index surging by approximately 575.92 points, showing 0.73%, from the previous day’s close, reaching 78,450.14 in early trading. After experiencing volatility last week, the bulls experienced a dip on Monday with the KSE-100 index losing 1,141 points during intra-day trading. The stocks […]
Bullish trend continues as PSX surges by nearly 900 points | The Express Tribune
The Pakistan Stock Exchange (PSX) continued its bullish streak on Tuesday, with the KSE-100 index gaining an impressive 892 points. This surge propelled the index to stand at an all-time 79,717.31 points high during intra-day as of 2:18 PM, marking a substantial 1.12% increase from the previous 78,825 points. Earlier on Friday, the PSX reclaimed […]
Pakistan Stock Exchange witnesses bearish trend, loses 501 points | The Express Tribune
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) saw a bearish trend on Monday, losing 501.46 points, or 0.68%, to close at 73,252.56 points, down from 73,754.02 points the previous day. A total of 350.7 million shares valued at Rs10.18 billion were traded during the day, compared to 559.6 million shares valued at Rs20.21 […]
Short-term inflation reverses trend with 0.11% spike | The Express Tribune
KARACHI: The short-term inflation gauge, called the Sensitive Price Indicator (SPI), resumed its uptrend as it rose 0.11% in the week ended May 30, 2024, driven by the hike in food prices. With the fresh SPI reading, a six-week falling streak has come to an end, according to the Pakistan Bureau of Statistics (PBS). Inflation […]
PSX crosses 56,000 points as rupee continues downward trend | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) surpassed another milestone of 56,000 points to reach a new all-time high, extending the record-making spree on Monday. At the same time, the Pakistani rupee dropped to a six-week low of Rs288 against the US dollar in the inter-bank market due to an increase in demand for the greenback. […]
PSX touches new heights as rupee continues downward trend | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and crossed the 55,000 points barrier for the first time in history while the local currency slumped to a five-week low of Rs287.5 against the US dollar in the inter-bank market during morning trading hours on Friday. PSX benchmark KSE-100 Index touched 55,268 points, soaring by […]
Rupee maintains bullish trend as dollar drops below 290 level
A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. — AFP The Pakistani rupee continued its upward trajectory for the 16th consecutive session on Tuesday, hammering the US dollar below the Rs290 mark in the interbank market. The greenback lost Rs1.06 against the rupee in the interbank market […]
Gold rate declines in Pakistan in line with international trend
A representational image of gold jewellery displayed in a shop. — AFP/File As the price of gold dropped in the international market Friday, the safe-haven bullion’s value declined in Pakistan as well. The rate of gold (24 carats) fell by Rs6,500 per tola and Rs5,573 per 10 grams to reach Rs230,800 and Rs197,874, respectively, according […]
SBP-held reserves continue downward trend
US dollar banknotes are seen in this undated file photo. — AFP As the country continues to struggle with its worsening balance of payments crisis, the foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to decrease, data shared by the central bank showed Thursday. The SBP, in its weekly bulletin, stated […]
After a day’s respite, rupee resumes downward trend against dollar
A representational image of Rs1,000 rupee notes and $100 US dollar note. — AFP/File KARACHI: After a day’s respite, the Pakistani rupee once again reverted to its downward trend by depreciating 0.17% against the US dollar in the interbank market. The local unit closed at 223.81 against the greenback falling by Re0.39 compared to Tuesday’s […]